4 M BY MARK KANE BYD – the world’s biggest plug-in car manufacturer – is expected to spin-off its battery and photovoltaic units. BYD battery test Up until now, BYD produced its own lithium-ion battery cells, modules and packs. the automaker will reach 28 GWh of production capacity in 2018. But according to the latest reports,… Continue reading BYD Expected To Spin-Off Battery Unit
Tag: Strategy
Valeo files its 2017 Registration Document
The 2017 Registration Document, available in French and English, includes the Annual Financial Report, the Integrated Report, the Board of Directors’ Management Report, the Board of Directors’ Corporate Governance Report, and the Sustainable Development Report, as well as information on the Company’s share buyback program. The 2017 Registration Document is available to the public in… Continue reading Valeo files its 2017 Registration Document
At Uber, a New CEO Shifts Gears
The Indian city of Gurugram, which in Hindi means “village of the guru,” is a technology-and-business hub twenty miles south of New Delhi, reached by highways filled with auto-rickshaws, exhaust-spewing buses, and the occasional immovable cow. The city’s glass high-rises contain dozens of multinational corporations, including Pepsi, Google, and Microsoft. On a recent morning, a… Continue reading At Uber, a New CEO Shifts Gears
GAC Motor Makes Great First Impression at NADA to Inspire North American Dealer Partners with Successful Dealer Gathering
LAS VEGAS, March 30, 2018 /PRNewswire/ — GAC Motor, China’s fastest-growing automaker, made a strong first impression with North American auto dealers with a successful debut at the National Automobile Dealers Association Show (NADA). The company showcased a star lineup of best-selling vehicles and held a dealer gathering to attract solid dealer interest for the… Continue reading GAC Motor Makes Great First Impression at NADA to Inspire North American Dealer Partners with Successful Dealer Gathering
Dana Comments on Decision by GKN Shareholders
MAUMEE, Ohio, March 29, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) acknowledges the decision by a majority of the shareholders of GKN plc to accept the proposal by Melrose Industries plc to acquire GKN. As a consequence, it appears unlikely that our proposed combination with GKN Driveline will proceed. “We are, of course, disappointed by today’s outcome… Continue reading Dana Comments on Decision by GKN Shareholders
Hyundai streamlines governance structure for M&As, build up core business
SEOUL, March 29 (Yonhap) — Hyundai Motor Group’s plan to streamline its governance structure among affiliates will pave the way for future mergers and acquisitions and help it focus on its mainstay car manufacturing business, local analysts here said Thursday. On Wednesday, the country’s biggest carmaker announced it will spin off the module manufacturing and… Continue reading Hyundai streamlines governance structure for M&As, build up core business
Nissan and Renault in merger talks, says report
Industry by Sam Sheehan, Autocar UK Mar 29, 2018 Renault and Nissan already share platforms and technology in their cars Nissan and Renault are in talks about merging to create one new company, according to reports by business news agency Bloomberg. The Japanese and French car makers have been in an alliance since 1999, with Mitsubishi joining in 2016,… Continue reading Nissan and Renault in merger talks, says report
Nissan and Renault could merge to form one company, says report
Nissan and Renault are in talks about merging to create one new company, according to reports by business news agency Bloomberg. The Japanese and French car makers have been in an alliance since 1999, with Mitsubishi joining in 2016, helping the trio to overtake the Volkswagen Group as the largest car company in the world. But… Continue reading Nissan and Renault could merge to form one company, says report
SAIC may set up car factory in Egypt
A worker checks the quality of newly made cars at an assembly line of SAIC Motor in Qingdao, East China’s Shandong province. [Photo by Yu Fangping/For China Daily] CAIRO－China’s giant carmaker SAIC Motor is planning to set up a car manufacturing factory in Egypt, a top Egyptian official said on Sunday. Egypt’s Minister of Trade… Continue reading SAIC may set up car factory in Egypt
Renault shares jump after Nissan merger report
Shares in French car maker Renault have jumped 5.4% at the opening of trading after a report that it is in merger talks with Japanese car giant Nissan. Bloomberg reported that the companies are discussing becoming one entity with a single stock. The companies have been in a strategic alliance since 1999. Asked about the… Continue reading Renault shares jump after Nissan merger report