Chinese smartphone maker OPPO Electronics Corp. and investment firm Huiyou Capital have led a RMB150 million (US$22 million) funding round in Ponycar, a Shenzhen-based electric vehicle sharing start-up, with participation from Shenzhen-based investment bank China Peakedness. Founded in 2016, Ponycar provides hourly electric vehicle rental services allowing customers to use a mobile app to find… Continue reading Chinese Phone Maker OPPO Co-Leads $22M Round In EV Sharing Firm Ponycar
Tag: Financial Results
Chinese Car Maker Geely To Acquire 30% Of Danish Financial Firm Saxo Bank
Saxo Bank Group, a Danish multi-asset trading and financial-technology firm, has received an offer from Geely International Hong Kong, a subsidiary of Chinese car maker Zhejiang Geely Holding Group Co., Ltd, to become a major shareholder in Saxo, enabling the bank to capitalize on global growth opportunities, especially in China. Lars Seier Christensen, co-founder of… Continue reading Chinese Car Maker Geely To Acquire 30% Of Danish Financial Firm Saxo Bank
3i Group Sells Auto Parts Maker To China’s AVIC
London-headquartered middle-market private equity firm 3i Group plc says it has sold its portfolio company Hilite International, a global supplier of highly engineered automotive engine and transmission components, to Chinese state-owned aerospace and industrial company Aviation Industry Corporation of China (AVIC), according to an announcement made by 3i. The US$18.5 billion-under-management 3i Group will receive… Continue reading 3i Group Sells Auto Parts Maker To China’s AVIC
EU authorizes Opel takeover by PSA
The European Commission has approved the acquisition of Opel by Peugeot. After a detailed examination, the authority claims to have no competition concerns, conditions will not exist. Peugeot Opel cars in front of a dealership Wednesday, 05.07.2017 5:32 pm The EU Commission has approved the takeover of the German car manufacturer Opel by the French… Continue reading EU authorizes Opel takeover by PSA
Opel is now part of the PSA Group
The sale of Opel to the French carmaker PSA is completed: Since Tuesday, the Rüsselsheim car maker is part of the PSA Group. The employees will have to adjust to a horse cure. Factory premises of Opel in Rüsselsheim Tuesday, 01.08.2017 09:23 clock The carmaker Opel is now part of the French PSA Group, The… Continue reading Opel is now part of the PSA Group
Peugeot boss wants to talk with Merkel about Opel
The possible sale of Opel to Peugeot is met with skepticism by the German government and trade unions. Peugeot boss Tavares wants to advertise personally for the project. Mary Barra, boss of the former owner General Motors, has already traveled to Germany. PSA boss Carlos Tavares Wednesday, 15.02.2017 11:05 clock The Peugeot parent PSA is… Continue reading Peugeot boss wants to talk with Merkel about Opel
Opel plans conversion to pure electric brand
The car manufacturer Opel has been inaugurated very late in the sales talks of GM and Peugeot, according to manager magazin information. The GM daughter has an alternative plan in the drawer. Opel boss Karl Thomas Neumann in Ampera-e. Wednesday, 15.02.2017 13:20 The board of the car manufacturer Opel is from the Acquisition negotiations with… Continue reading Opel plans conversion to pure electric brand
PSA boss Tavares wants to trim Opel on profits
In the middle of the talks about an Opel purchase, the French auto giant PSA is setting its margin targets high. CEO Tavares now wants to help the loss-making German manufacturer on its feet. The bar is high. PSA boss Carlos Tavares Thursday, 23.02.2017 10:04 The French carmaker PSA Peugeot Citroën is facing a possible… Continue reading PSA boss Tavares wants to trim Opel on profits
Rabenmutter
At Opel, it’s all about the whole thing: Just for the German GM daughter it was better again, because the Americans want to hit them again. How big is the damage this time? Wednesday, 15.02.2017 18:35 clock The tragedy of the automaker Opel shows up this week Friday in a small room. When it comes… Continue reading Rabenmutter
The hard consequences of the Blitzfusion
The purchase of Opel by Peugeot seems decided thing. Trade unions and politicians are still trying to win the French concessions to the Joberhalt. But there is no way around a hard renovation. Opel boss Karl Thomas Neumann Tuesday, 21.02.2017 10:53 clock Little time? At the end of the text there is a summary. The… Continue reading The hard consequences of the Blitzfusion