By Nadine Schimroszik BERLIN, – German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans. Softbank, through its Vision Fund, will make around half of its investment via new shares,… Continue reading Auto1 says no need for IPO after Softbank invests
Tag: Strategy
Fiat Chrysler’s Marchionne: The Future of Cars Will Be Electric and Commoditized
Sergio Marchionne, one of the longest-serving CEOs in the auto industry, has a stark warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Fiat Chrysler’s Marchionne: The Future of Cars Will Be Electric and Commoditized
UPDATE 1-Auto1 says no need for IPO after Softbank invests
BERLIN (Reuters) – German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans. Softbank, through its Vision Fund, will make around half of its investment via new shares, valuing Auto1… Continue reading UPDATE 1-Auto1 says no need for IPO after Softbank invests
GLOBAL SALES RESULTS IN 2017: A new record for Groupe Renault with 3.76 million vehicles sold, a rise of 8.5%
3.76 million vehicles sold, a rise of 8.5% in a market that grew 2.3%. A record year for Renault, the world’s leading French brand, and for Dacia. Renault is the number-two brand in Europe. Renault remains the leader in Europe’s electric-vehicle segment with market share of 23.8%. All the regions of the group increased both… Continue reading GLOBAL SALES RESULTS IN 2017: A new record for Groupe Renault with 3.76 million vehicles sold, a rise of 8.5%
ZF off to a Strong Start in 2018
“The improved rating highlights our solid financial policies and is a milestone in securing financial independence which is firmly anchored into the long-term ZF 2025 Strategy,” added Sauer, who is also CFO of the ZF Group. “We are making excellent progress in reducing debt that originated from the TRW acquisition in 2015. In fact, progress… Continue reading ZF off to a Strong Start in 2018
UPDATE 3-Ford plans $11 billion investment, 40 electrified vehicles by 2022
DETROIT (Reuters) – Ford Motor Co (F.N) will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. The investment figure is sharply higher than a previously announced target… Continue reading UPDATE 3-Ford plans $11 billion investment, 40 electrified vehicles by 2022
VW Brand to Invest $3.3 Billion in Quest for U.S. Relevance
Volkswagen AG, unveiling a version of the revamped Jetta sedan, said it’ll invest more than $3.3 billion in North America to help lift the brand out of irrelevance in the U.S. The spending through 2020 will mostly go toward new models, including two more planned sport utility vehicles designed to finally turn VW’s fortunes, after lingering at… Continue reading VW Brand to Invest $3.3 Billion in Quest for U.S. Relevance
Volkswagen makes rapid progress in realigning its North American strategy
The photographic and video material available on the Volkswagen Media Services version open to the general public may only be used citing the source indicated by Volkswagen. Downloading this photographic and video material is only permitted if the content is not used for commercial purposes (e.g. marketing purposes). This photographic and video material may not… Continue reading Volkswagen makes rapid progress in realigning its North American strategy
NTUC FairPrice and Grab to launch new subscription service
SINGAPORE, 15 January 2018 – Singapore’s largest supermarket chain, NTUC FairPrice (FairPrice) and Southeast Asia’s leading on-demand transportation and mobile payments platform, Grab, signed a Memorandum of Understanding (MOU) to embark on a joint initiative to launch a new subscription service. Tapping cross-industry strengths from both organisations, the strategic partnership is designed to complement consumers’… Continue reading NTUC FairPrice and Grab to launch new subscription service
Volkswagen brand sets delivery record in 2017
The Volkswagen brand handed over a total of 6.23 million vehicles to customers worldwide in 2017, making last year the most successful yet in the history of the brand. China, the largest single market, is the main driver of this positive development. More than 3 million vehicles were delivered there for the first time last… Continue reading Volkswagen brand sets delivery record in 2017