GKN Plc rejected an unsolicited approach from Melrose Industries Plc and said it will split itself in two rather than than accept a 7 billion-pound ($9.5 billion) takeover offer that it says undervalues the U.K. maker of aerospace and automotive components. GKN shares surged as much as 28 percent to an all-time high after the… Continue reading Airbus Supplier GKN Spurns $9.5 Billion Bid
Tag: Financial Results
1,878,100 automobiles sold:Audi closes 2017 with new record-breaking sales
“Despite a very challenging situation we achieved positive growth in all core markets in 2017 and achieved a new record-breaking sales result worldwide. Every single market contributed to this outcome. This demonstrates the attractiveness of our product portfolio to our customers,” says Bram Schot, Board Member for Sales and Marketing at AUDI AG. Since June,… Continue reading 1,878,100 automobiles sold:Audi closes 2017 with new record-breaking sales
FCA moves Ram production to Mich., gives $2K bonuses
2017 Ram Power Wagon(Photo: FCA) Fiat Chrysler Automobiles NV will invest $1 billion at its Warren Truck Assembly plant to bring production of its Ram Heavy Duty truck to the U.S. from Mexico. The company said Thursday the move will add 2,500 jobs in Metro Detroit by 2020, when the plant retooling is completed. The… Continue reading FCA moves Ram production to Mich., gives $2K bonuses
FCA Announces Plan to Invest More Than $1 Billion in Michigan Plant, Add 2,500 New Jobs
January 11, 2018 , Auburn Hills, Mich. – FCA announced today two actions made possible in part by the passage of U.S. tax reform legislation late last year — an additional investment in its U.S. manufacturing operations and a special payment to recognize employees for their continued efforts toward the success of the Company. First, the Company confirmed that… Continue reading FCA Announces Plan to Invest More Than $1 Billion in Michigan Plant, Add 2,500 New Jobs
Panasonic Develops “Halogen-free Ultra-low Transmission Loss Circuit Board Material” for Millimeter-wave Band Antennas
Osaka, Japan – Panasonic Corporation has developed “Halogen-free Ultra-low Transmission Loss Circuit Board Material (Product No. R-5515)”. This material is suitable for millimeter-wave band [1] antenna circuit boards and will start mass production in April 2019. It achieves the industry’s lowest(*1) transmission loss [2] in the millimeter-wave band signal with thermosetting resins. As the result,… Continue reading Panasonic Develops “Halogen-free Ultra-low Transmission Loss Circuit Board Material” for Millimeter-wave Band Antennas
ABB Charges Up Bulgaria With Network Of Fast Chargers
1 min ago by Mark Kane BMW i3 charging at the ABB Terra CJG fast charger in Bulgaria eMobility International (a company that creates, maintains and operates charging infrastructure) is expanding its nationwide fast charging network in Bulgaria using 50 kW multi-standard fast chargers supplied by ABB. ABB delivers Bulgaria’s nationwide fast charging network According… Continue reading ABB Charges Up Bulgaria With Network Of Fast Chargers
The divided star – Dieter Zetsche assigns his legacy: The new power quartet at Daimler
The solo for overboss Zetsche has an end: the car maker will be controlled by a four-pointer in the future. MANAGER MAGAZINE 2018/1 DIETER-SHOW CEO Dieter Zetsche finds a new role Companies COMPANIES DAIMLER Dieter Zetsche arranges his heritage. The CEO splits the group and redistributes power. Four very different men will steer the carmaker… Continue reading The divided star – Dieter Zetsche assigns his legacy: The new power quartet at Daimler
Coming to a City Near You: Test-Driving Our Autonomous Vehicle Business
Coming to a City Near You: Test-Driving Our Autonomous Vehicle Business By Jim Farley, Ford Executive Vice President and President, Global Markets With the transformative potential of self-driving technology on the horizon, there are many ways we can change how our cities work for the better. To that end, we are working to verify that the technology… Continue reading Coming to a City Near You: Test-Driving Our Autonomous Vehicle Business
Ford Partners With Postmates To Pilot Customer, Merchant Interaction With Self-Driving Vehicles
LAS VEGAS, Jan. 9, 2018 /PRNewswire/ — Postmates, the only on-demand platform that can deliver anything from anywhere, and Ford Motor Co., today announce that they are partnering to test the experience of self-driving vehicle deliveries in 2018. Postmates will partner with Ford to conduct pilot programs that explore how self-driving technology could change the… Continue reading Ford Partners With Postmates To Pilot Customer, Merchant Interaction With Self-Driving Vehicles
Continental Considers Major Overhaul and Possible Breakup
Continental AG is in exploratory talks with advisers on what could amount to its biggest-ever overhaul and a possible breakup of the German auto-parts supplier, according to people familiar with the matter. Under scenarios being discussed, Continental could create a holding company for its divisions and then list shares of the more profitable units, such… Continue reading Continental Considers Major Overhaul and Possible Breakup