Tag: Financial Results

Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval

MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. If it goes ahead, the $35 billion-plus tie-up would alter the landscape for rivals including General Motors and Peugeot maker PSA Group, which… Continue reading Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval

Fiat Chrysler proposes merger with Renault

Fiat Chrysler has made a “transformative” merger proposal for French carmaker Renault, the Italian firm said on Monday. The combined business would be 50% owned by Fiat shareholders and 50% by Renault stockholders. The carmaker said the merger would create a global automotive leader, with 8.7 million vehicle sales. Carmakers have faced pressure to consolidate… Continue reading Fiat Chrysler proposes merger with Renault

FCA in merger talks with Renault

Fiat Chrysler Automobiles has confirmed it is in talks about a transformative merger with its French rival Renault. The new company would be 50% owned by FCA and 50% by Renault. FCA stated the broad and complementary brand portfolio would provide full market coverage, from luxury to mainstream. Under the proposal, both carmakers would merge… Continue reading FCA in merger talks with Renault

UPDATE 2-First Sensor in advanced takeover talks with TE Connectivity

(Reuters) – Germany’s First Sensor AG said on Sunday it is in advanced talks with connector and sensor maker TE Connectivity Ltd regarding a takeover. The company, which makes electronic sensors used in the industrial, medical and automotive sectors, said it has received a legally non-binding expression of interest with an indicative offer price of… Continue reading UPDATE 2-First Sensor in advanced takeover talks with TE Connectivity

Klaus Rosenfeld: Schaeffler’s CEO is preparing for an uncomfortable time

Klaus Rosenfeld The Chairman of the Supervisory Board of Schaeffler: “No time to lose.” (Photo: AP) Munich Klaus Rosenfeld makes no secret of his impatience. “We have no time to lose. It is time to act, “he wrote Schaeffler– Chairman in a wake up call to his executives. The times are tough “and will probably… Continue reading Klaus Rosenfeld: Schaeffler’s CEO is preparing for an uncomfortable time

EVs Are Switching To Silicon Carbide Power Electronics

Silicon carbide power electronics market is booming as new electric cars and charging equipment need to be more efficient. The necessity to make electric cars even more efficient is one of the major forces behind the transition from silicon to silicon carbide power electronics. Just recently we heard about Tesla introducing the new Model S… Continue reading EVs Are Switching To Silicon Carbide Power Electronics

Care km

*/ ]]> The employees of Hilfswerk NÖ drive an average of 15,000 kilometers per year Hilfswerk Lower Austria www.noe.hilfswerk.at Founded in 1978 by Erich Fidesser as a private association for the promotion of neighborhood assistance Largest social non-profit organization in Lower Austria 25,000 customers throughout Lower Austria 3,100 full-time and 2,800 volunteers 12 family and… Continue reading Care km

BMW Shareholders Concerned Over Tesla’s Advantage

Shareholders are asking BMW about electric models that would blow Tesla out of the water. Premium car manufacturers in general are experiencing tough times with difficulties to increase sales and raising R&D costs due new trends like electrified, autonomous and connected cars. According to automotive analysts, current business model of premium/luxury brands needs to be… Continue reading BMW Shareholders Concerned Over Tesla’s Advantage

Ford Cuts To Grow. Sears Cuts To Die. – Forbes

Ford Motor Company recently announced dramatic cuts in staff. Sears Holdings has been doing so for years. What’s the difference? Ford cuts to transform and grow. Sears cuts to survive— and die. DETROIT, MI-JANUARY 14: Ford Motor Company President and CEO James Hackett speaks at the debut of Ford vehicles at the 2018 North American International… Continue reading Ford Cuts To Grow. Sears Cuts To Die. – Forbes