Domestic PV and CV major Tata Motors has announced that its board has approved, subject to requisite regulatory and other approvals, to sell its defence and aerospace business to Tata Advanced Systems. The decision is as part of its ‘Turnaround 2.0’ plan, to take necessary steps to further its defence business by leveraging the scale… Continue reading Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Tag: Strategy
Washé raises $3.5 million for its on-demand car washing service and biz platform
Another startup wants to make on-demand car washing work, where others have failed. Washé, a Boca Raton-based service for on-demand washes, has raised $3.5 million in seed funding to continue to grow its business, which involves a mobile app consumers use to connect with Washé’s network of around 1,000 licensed and insured car washing professionals.… Continue reading Washé raises $3.5 million for its on-demand car washing service and biz platform
BMW Group to double Mini sales with 2nd-gen Countryman
Vikram Pawah, president, BMW Group India, at the launch of the Mini Countryman in Delhi BMW Group which comprises the BMW, Mini and BMW Motorrad sub-brands is riding high on the success of its premium model offerings in the country. The Group, which registered cumulative sales of 9,800 units in CY2017, grew at a notable… Continue reading BMW Group to double Mini sales with 2nd-gen Countryman
Volkswagen’s new corporate structure: Diess wants to convert the “tanker” Volkswagen into a “speedboat network”
All articles and backgrounds 05/03/2018 New Group structure at Volkswagen Diess wants to rebuild the “Tanker” Volkswagen into a “speedboat network” AP VW CEO Herbert Diess at the Annual General Meeting in Berlin: VW should be “honest, open, decent” Volkswagen should be “honest, open, truthful, in one word: more decent”: At the Volkswagen General Assembly… Continue reading Volkswagen’s new corporate structure: Diess wants to convert the “tanker” Volkswagen into a “speedboat network”
SF Motors set sights on EV mass production with latest R&D testing facility
By Christian Prenzler Posted on April 25, 2018 Santa Clara based electric vehicle startup SF Motors is opening up a new full-scale R&D center in Silicon Valley. SF Motors was founded in January 2016 after a large investment from Sokon Motors, a large Chinese automotive company. The company’s new 130,000 sqft research and development facility… Continue reading SF Motors set sights on EV mass production with latest R&D testing facility
GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing
GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing 2018-05-02 GO Motor Retailing Limited (GMRL), trading as GO Vauxhall, has acquired 4 additional Vauxhall sites from NOW Motor Retailing in Kingston, Heathrow, Hayes and Staples Corner. The sites will transition into the existing GO Vauxhall London portfolio and will grow… Continue reading GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing
Daimler has plan in case new Chinese shareholder turns hostile
Li Shufu, founder of Geely and owner of Volvo, acquired 9.7 percent of Daimler in February. BEIJING — Daimler has a back-up plan in place to protect itself from any unsolicited takeover bid should its new Chinese investor turn unexpectedly hostile. Li Shufu, founder of Geely and owner of Volvo Cars, acquired 9.7 percent of… Continue reading Daimler has plan in case new Chinese shareholder turns hostile
Aptiv Reports Record First Quarter 2018 Financial Results And Raises Full Year Outlook
DUBLIN, May 2, 2018 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company enabling the future of mobility, today reported first quarter 2018 U.S. GAAP earnings from continuing operations of $1.15 per diluted share. Excluding special items, first quarter earnings from continuing operations totaled $1.29 per diluted share. First Quarter Highlights Include : Revenue of… Continue reading Aptiv Reports Record First Quarter 2018 Financial Results And Raises Full Year Outlook
Press Releases – First-ever CO2 standards for trucks must reflect market diversity, EU truck industry says
Brussels, 2 May 2018 – Ahead of the publication later this month of the European Commission’s proposal on CO2 emissions standards for heavy-duty vehicles, the European Automobile Manufacturers’ Association (ACEA) calls for an ambitious yet realistic approach. ACEA welcomes the introduction of these first-ever EU CO2 standards for trucks, which are part of a broader… Continue reading Press Releases – First-ever CO2 standards for trucks must reflect market diversity, EU truck industry says
Ford CEO Hackett’s decision to dump cars ‘may prove fatal’
Ford’s new CEO, Jim Hackett, just announced a bold strategic move for America’s most enduring automaker: abandoning the car business. Hackett completely reversed former CEO Alan Mulally’s full-line strategy to focus on trucks and SUVs. A 3 percent jump in Ford’s stock price validated Hackett’s decision, but that adrenaline shot could be short-lived. Jettisoning automobiles… Continue reading Ford CEO Hackett’s decision to dump cars ‘may prove fatal’