FILE PHOTO: The logo of BMW is seen at the LA Auto Show in Los Angeles, California, U.S. November 20, 2019. REUTERS/Lucy Nicholson BERLIN (Reuters) – German carmaker BMW (BMWG.DE) on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology… Continue reading BMW orders more than 10 billion euros’ worth of battery cells
Tag: Strategy
@BMW: Speeches BMW Group Press Conference Los Angeles Auto Show 2019
Bernhard Kuhnt, President and CEO BMW of North America LLC Good morning, welcome to the BMW Group! We’re excited to be back on the West Coast in LA. If you were with us in 2017, you remember we started with a completely empty stand. We then filled with various new cars and concepts. Those concepts… Continue reading @BMW: Speeches BMW Group Press Conference Los Angeles Auto Show 2019
Circ, the Berlin-based e-scooter company, makes layoffs following ‘operational learnings’
Circ, the Berlin-based e-scooter rentals — or so-called micromobility — company founded by Lukasz Gadowski of Delivery Hero fame, has made a number of layoffs, TechCrunch has learned. This has seen a reduction in headcount in its HQ and other regional operations. The exact number isn’t clear, although one source placed it at around 50… Continue reading Circ, the Berlin-based e-scooter company, makes layoffs following ‘operational learnings’
@Groupe PSA: Groupe PSA: The Trémery Plant in France’s Grand Est Region Is at the Forefront of Groupe PSA’s Energy Transition
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Yann Vincent, Executive Vice President, Manufacturing & Supply Chain for Groupe PSA (Paris:UG) said, “Years ago we made the decision to invest in the energy transition and make our plants more flexible, as illustrated by the Trémery plant. We are very proud of all our plant employees in the Grand Est… Continue reading @Groupe PSA: Groupe PSA: The Trémery Plant in France’s Grand Est Region Is at the Forefront of Groupe PSA’s Energy Transition
CloudFactory Raises $65M in Growth Equity Funding
CloudFactory, a Reading, England, UK-based provider of managed workforce solutions for artificial intelligence (AI), secured $65m in growth equity funding. The round was led by FTV Capital with participation from Weatherford Capital. As part of the transaction, FTV Capital partner Alex Mason and principal Abhay Puskoor and Weatherford Capital partner Sam Weatherford will join the… Continue reading CloudFactory Raises $65M in Growth Equity Funding
Continental’s Supervisory Board Supports Accelerated Technological Transition
Continuation of global structural program “Transformation 2019–2029” aims to strengthen competitiveness in the long term Resolutions of the Supervisory Board approve plans already discussed at its meeting on September 25, 2019 Accelerated transition to electric mobility necessitates adjustments and the phasing out of production at several locations worldwide Rapid digitalization of display and control technologies,… Continue reading Continental’s Supervisory Board Supports Accelerated Technological Transition
Magna to Acquire Wipac Czech s.r.o., Expand Lighting Capabilities
Acquisition to strengthen engineering and electronics competenciesWill increase Magna’s forward lighting engineering capability in EuropeA complement to the 2018 acquisition of OLSA S.p.A.AURORA, Ontario, Nov. 20, 2019 (GLOBE NEWSWIRE) — Magna has agreed to acquire Wipac Czech s.r.o., a premium automotive lighting engineering firm located in Ostrava, Czech Republic. The transaction – Magna’s second lighting… Continue reading Magna to Acquire Wipac Czech s.r.o., Expand Lighting Capabilities
BMW India kicks off BS VI production at Chennai plant
Thomas Dose, managing director, BMW Plant Chennai with the BS VI diesel BMW 5 Series. BMW India has begun local production of BS VI-compliant cars at its plant in Chennai, ahead of the April 1, 2020 deadline. The luxury carmaker says it is offering BS VI variants across its entire product range. While the complete… Continue reading BMW India kicks off BS VI production at Chennai plant
Pentagon acquires Sytner’s Seat dealership in Huddersfield
Pentagon Motor Group has continued its 2019 car dealer network expansion by completing the acquisition of Sytner Group’s Seat UK franchised location in Huddersfield. The AM100 retail group, which was acquired by the vehicle division of Imperial Holdings SA, the Motus Corporation, back in August 2017, has followed its addition of three Ford sites, a Vauxhall dealership and… Continue reading Pentagon acquires Sytner’s Seat dealership in Huddersfield
Press: ZF and Wolong Electric Plan Joint Venture for Production of Electric Motors and Components
“The partnership with Wolong, a key player of electric motors and components in the Chinese market, is a great next step in further strengthening our electric mobility strategy. With the joint venture we extend our value chain for electric motors to include sub-components and it gives us even better access to customers and suppliers in… Continue reading Press: ZF and Wolong Electric Plan Joint Venture for Production of Electric Motors and Components