NORTHBROOK, Ill., March 1, 2018 /PRNewswire/ — The right insurance protection is key, whether you’re a ridesharing passenger catching a ride or a driver using your car to offer rides. Allstate is partnering with Uber Technologies, Inc. to protect drivers and passengers by providing commercial auto coverage in Illinois, New Jersey and Wisconsin beginning March 1.… Continue reading Allstate and Uber Team Up to Protect Riders and Drivers as Ridesharing Expands
Tag: M and A
Car registrations up 13% in February
The month of February has closed with an enrollment of 110,474 cars, which is an increase of 13% over the same month last year. All the sales channels have obtained double-digit growth, highlighting that of companies, which increased by 16.2%. In the accumulated number of registrations for the first two months of the year, 212,135… Continue reading Car registrations up 13% in February
Alcraft Adopts Ground-Breaking Platform Technology
Alcraft Motor Company has adopted a ground-breaking new chassis structure technology thanks to a partnership with innovative British high-performance design and engineering solutions provider KW Special Projects. Based in Brackley in the heart of the UK’s Motorsport Valley and the Silverstone technology cluster, KWSP has a high level of expertise in digital manufacturing together with… Continue reading Alcraft Adopts Ground-Breaking Platform Technology
Opel loses again
Even under the new owner PSA makes the car manufacturer Opel loss. With 179 million euros, the half-year minus was indeed lower than expected, the Opel boss still sees a signal that it could not go on like this. Thursday, 01.03.2018 08:57 clock Heard since last year Opel to the French PSA Group and has… Continue reading Opel loses again
Automobile registrations in Spain grow 13% in February and exceed 110,000 units
Updated 01/03/2018 12:12:46 CET MADRID, Mar. 1 (EUROPA PRESS) – The Spanish automobile market closed February with a volume of registrations of passenger cars and SUVs of 110,474 units, a 13% growth compared to that month of the previous year, according to data from the associations of manufacturers (Anfac), dealers (Faconauto) and sellers (Ganvam) In… Continue reading Automobile registrations in Spain grow 13% in February and exceed 110,000 units
Group 1 acquires Robinson’s Mercedes-Benz dealerships, confirms Darren Guiver as UK boss
Group 1 Automotive UK has acquired its first Mercedes-Benz and Smart businesses as it steadily expands its territory up the East of England.
Excessive investment: Bosch does not build its own battery cells
Bosch will continue to build battery cells for electric cars in the future. (Image: Bosch) Bosch Despite the commitment in the electromobility decided against its own battery cell production. The company also wants to drive back or sell the research for better rechargeable battery cells. The automotive supplier Bosch does not want to build its… Continue reading Excessive investment: Bosch does not build its own battery cells
CORRECTED-Peugeot hits new earnings record despite Opel loss
PARIS (Reuters) – PSA Group (PEUP.PA) shrugged off losses at the newly acquired Opel division to lift sales, profit and operating margin to new records in 2017, the French carmaker said on Thursday. The maker of Peugeot, Citroen, Opel and Vauxhall cars said net income rose 11.5 percent to 1.93 billion euros ($2.35 billion) on… Continue reading CORRECTED-Peugeot hits new earnings record despite Opel loss
Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News : Groupe PSA (Paris:UG) : Carlos Tavares, Chairman of Groupe PSA Managing Board said: « Peugeot Citroën DS outstanding results, making significant progress for the 4th year in a row, are the proof of our ability to deliver a profitable and sustainable growth. Our agile, customer focused and socially responsible approach is making… Continue reading Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level
Daimler Mobility Services purchases Europcar Group’s 25% stake in car2go Europe GmbH
Daimler Mobility Services to hold 100% of car2go Europe after approval by the relevant authorities Daimler is poised to further expand its mobility portfolio car2go Group has more than 3 million users worldwide Stuttgart. Daimler Mobility Services announced today that it will acquire the 25 percent stake in car2go Europe GmbH from joint venture partner… Continue reading Daimler Mobility Services purchases Europcar Group’s 25% stake in car2go Europe GmbH