February 15, 2018 Shanghai Yunxin Venture Capital Co, a unit of Alibaba’s payment arm Ant Financial Services, has agreed to invest Rmb200 million ($32 million) for a 20-percent stake in smart parking operator Shenzhen Shunyitong Information Technology Co., according to a Yicai Global report. The investment values Shunyintong, which was founded in 2007, at Rmb1… Continue reading Ant Financial unit invests $32m in smart parking operator Shenzhen Shunyitong
Tag: Financial Results
Authority suspects illegal defeat device in the Mercedes Vito
Wednesday, 02/14/2018 6:00 pm The Federal Motor Transport Authority (KBA) is alerted by the diesel emission values of the Vito transporter. The authority is examining to appoint representatives of the automaker Daimler for a hearing, confirmed a KBA spokesman for a report of the “Business Week”. Reason is the suspicion of an illegal defeat device… Continue reading Authority suspects illegal defeat device in the Mercedes
Vito
Berlin wants to test free public transport to reduce pollution
Threatened recourse at the Court of Justice of the European Union, like eight other states including France Germany gives pledges in Brussels. Invited to reduce air pollution in German cities, the government has proposed to the European Commission to test free public transport in five cities, including Bonn, Essen and Reutlingen. In connection with the… Continue reading Berlin wants to test free public transport to reduce pollution
Greenhouse gases: CO2 fleet value at Daimler slightly up
Daimler The Stuttgart-based carmaker sold significantly more heavy SUVs last year than in 2016. (Photo: AP) The trend towards larger, more motorized and better equipped cars is having an impact Daimler also on the CO2 fleet values. While the cars sold in Europe from Mercedes Benz Cars averaged 123 grams of climate-damaging carbon dioxide (CO2)… Continue reading Greenhouse gases: CO2 fleet value at Daimler slightly up
GM, South Korea Set for Standoff After Automaker Threatens Exit
General Motors Co. and South Korean authorities are set for a standoff after the automaker announced a plan to shut one factory and threatened to leave the country entirely if concessions aren’t made to stem mounting losses. South Korean officials will hold talks with GM about ways to keep the carmaker’s operations open, the finance ministry… Continue reading GM, South Korea Set for Standoff After Automaker Threatens Exit
Daimler warns of supply chain risk from switch to electric cars
Daimler said spending on research and development would increase slightly in 2018 after spending 8.7 billion euros in 2017, a rise of 15 percent. FRANKFURT, – Daimler AG, owner of the Mercedes-Benz brand, warned that a fall in demand for diesel cars and a switch to electric vehicles could force it to prop up its… Continue reading Daimler warns of supply chain risk from switch to electric cars
Toyota Releases North American Environmental Report
PLANO, Texas (Feb. 13, 2018) – Combating major environmental issues facing the global community, such as climate change, water scarcity, resource depletion and habitat loss, in a widespread, meaningful way often starts with small steps.
Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase
MAUMEE, Ohio, Feb. 13, 2018 /PRNewswire/ — Full-Year Highlights Sales of $7.2 billion, an increase of $1.4 billion, growth of 24 percent Net income attributable to Dana of $111 million; diluted EPS of $0.71, inclusive of $186 million one-time, non-cash charge due to U.S. tax reform Adjusted EBITDA of $835 million, providing a margin of… Continue reading Dana Incorporated Announces Strong 2017 Financial Results, Affirms Significant 2018 Guidance Increase
Robot taxis with enormous growth figures
According to a study by TrendForce, robotic taxis show growth of 80 percent per year. What happens when autonomous driving is introduced and the taxis drive by themselves? There have already been some studies, such as the analysis of the loss of jobs, the loss of private cars and more research, Common to all studies,… Continue reading Robot taxis with enormous growth figures
Michelin believes that its plants in Spain “have room to reach their maximum production capacity”
Published 2/13/2018 11:20:20:06 CET PARIS, 13 Feb. (EUROPA PRESS) – The president of Michelin, Jean Dominique Senard, has assured that the factories of the manufacturer of French tires in Spain “still have margin to reach his maximum capacity of production”, underlining that these have a “very important” weight on the attainment of the good ones… Continue reading Michelin believes that its plants in Spain “have room to reach their maximum production capacity”