Nairobi — Simba Corporation, a closely held Kenyan company, is in talks with four vehicle makers, including France’s Renault, about assembling their vehicles in East Africa’s biggest economy. The manufacturers are looking to tap demand in an industry that’s expected to grow 15% this year, CEO Adil Popat said in an interview in the capital,… Continue reading Simba in talks with four major car makers about assembly in Kenya
Tag: Strategy
Last Five-Year Plan for Fiat Chrysler: Marchionne’s Legacy: Fiat Niche!
All articles and backgrounds 05/31/2018 Last Five-Year Plan for Fiat Chrysler Marchionne’s Legacy: Fiat Niche! REUTERS Fiat Chrysler boss Sergio Marchionne at a press conference in November 2017. Grande Finale for Sergio Marchionne: The FCA boss will soon announce a new five-year plan for Fiat Chrysler Automobiles. It will be his last major step. Before… Continue reading Last Five-Year Plan for Fiat Chrysler: Marchionne’s Legacy: Fiat Niche!
Michelin will incorporate 80% of sustainable materials in its tires in 30 years
Posted 05/31/2018 11:24:14 PM MONTREAL (CANADA), May 31 (EUROPA PRESS) – The French tire manufacturer Michelin has drawn up a strategic plan that contemplates that all of its tires will be manufactured with 80% sustainable materials by 2048, compared to 28% currently. The French company announced during the world summit on sustainable mobility ‘Movin’on by… Continue reading Michelin will incorporate 80% of sustainable materials in its tires in 30 years
Autoliv and Veoneer hold Investor Day ahead of spin-off
Thu, May 31, 2018 08:00 CET (Stockholm, Sweden, May 31, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, will today hold an Investor Day in Stockholm ahead of the spin-off of Veoneer, the trusted partner in mobility, which is to be completed on June 29, 2018 at… Continue reading Autoliv and Veoneer hold Investor Day ahead of spin-off
Top Autoliv shareholders show strong support for Veoneer spin-off
Thu, May 31, 2018 07:45 CET (Stockholm, Sweden, May 31, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that its top three shareholders, Cevian Capital, Alecta and AMF, have each individually agreed with Autoliv and Veoneer to remain as major owners of Veoneer for a… Continue reading Top Autoliv shareholders show strong support for Veoneer spin-off
Australian tech entrepreneur, 40, develops a driverless car company now worth $1BILLION – and he’s ready to take on …
Successful Australian entrepreneur predicts driverless cars in Australia by 2021 as Melbourne born Tim Kentley-Klay manages US$1 billion car start up ZooxThe automobile company is currently listed as a private company that was backed early on by Sydney based investment company Blackbird VenturesTim Kentley-Klay has ambitions of beating Apple, Tesla and Uber in automobiles By… Continue reading Australian tech entrepreneur, 40, develops a driverless car company now worth $1BILLION – and he’s ready to take on …
ParkMobile Adds Key Executives to its Leadership Team
ATLANTA, May 30, 2018 /PRNewswire/ — ParkMobile, LLC, the leading provider of smart parking and mobility solutions in the US, announced today the appointment of new executive to its leadership team. ParkMobile lets you reserve parking spaces ahead of time. So you can drive directly to a conveniently located garage and have a guaranteed spot waiting… Continue reading ParkMobile Adds Key Executives to its Leadership Team
ComfortDelGro, Uber call off acquisition deal
Taxi giant ComfortDelGro and ride-hailing firm Uber have agreed to dissolve a strategic agreement which they entered into last December. In a statement yesterday, ComfortDelGro said it will no longer be acquiring a 51 per cent stake in Uber’s wholly owned car rental subsidiary in Singapore, Lion City Holdings. The acquisition, valued at about $642… Continue reading ComfortDelGro, Uber call off acquisition deal
Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation
There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. The investment… Continue reading Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation
Report: Nissan to cut North America output
Ma Jie, Bloomberg News Published 5:14 p.m. ET May 29, 2018 Nissan’s output in the U.S. has been sliding for 10 consecutive months as of March, and the contraction is likely to have extended in April as well, with the company reporting its production data this week. Sales plunged 28 percent in the month. (Photo:… Continue reading Report: Nissan to cut North America output