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
Tag: Strategy
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’
2019 Porsche Cayenne E-Hybrid Plugs in and Boosts Performance
ATLANTA, May 1, 2018 /PRNewswire/ — Premiering today, the 2019 Porsche Cayenne E-Hybrid solidifies its place in the lineup while making significant advancements over both the standard Cayenne and the preceding Cayenne S E-Hybrid it replaces. Those advantages include more power, quicker acceleration, a faster top speed, and increased electric-only range. The Porsche Cayenne E-Hybrid uses… Continue reading 2019 Porsche Cayenne E-Hybrid Plugs in and Boosts Performance
Bentley boss: we could have been more prepared for electrification
The Bentayga hybrid is the brand’s first electrified model New company CEO admits the firm needs to accelerate its electrification plans – and hints full electric car is due within five years New Bentley boss Adrian Hallmark has acknowledged that the brand was not as prepared for future technology as it could have been –… Continue reading Bentley boss: we could have been more prepared for electrification
Dana Partners with Workhorse Group on City Delivery Vehicle with New Spicer® Electrified™ Integrated Electric Axle
LONG BEACH, Calif., May 1, 2018 /PRNewswire/ — Today at the Advanced Clean Transportation (ACT) Expo, Dana Incorporated (NYSE: DAN) and Workhorse Group Inc. (NASDAQ: WKHS) announced the design, development, and production of a city delivery vehicle featuring Dana’s Spicer® Electrified™ integrated e-Drive axle. Ohio-based Workhorse is a technology company focused on providing sustainable and cost-effective… Continue reading Dana Partners with Workhorse Group on City Delivery Vehicle with New Spicer® Electrified™ Integrated Electric Axle
Bentley boss acknowledges brand could have been more prepared for electrification
New Bentley boss Adrian Hallmark has acknowledged that the brand was not as prepared for future technology as it could have been and is forging ahead with a revised strategy to ensure Bentley is at the forefront of electrification. Since starting his position early this year, having previously been at the company as board member… Continue reading Bentley boss acknowledges brand could have been more prepared for electrification
Bentley Flying Spur could be brand’s next hybrid
The new Bentley Flying Spur, due to be revealed by the end of 2018, could be the next model in the car maker’s lineup to get a hybrid variant, according to CEO Adrian Hallmark. The carmaker’s first hybrid, the Bentayga Hybrid, was revealed at this year’s Geneva show. While the new Continental GT seems the most… Continue reading Bentley Flying Spur could be brand’s next hybrid
Mobility around the world — Acquisitions, Investments and IPOs
Mobility around the world — Acquisitions, Investments and IPOs Before we publish here, we publish on our website. Check out the most important mobility news globally on a weekly basis. This is what happened last week: BlaBlaCar buys “Less” for undisclosed amount French startup BalBlaCar acquires another French carpooling platform for an undisclosed amount. The younger company “Less” focuses… Continue reading Mobility around the world — Acquisitions, Investments and IPOs