All articles and backgrounds 05/04/2018 Daimler CEO Zetsche on the electric car offensive “Good for the CO2 balance – but not so good for our consolidated balance sheet” REUTERS Mercedes-Maybach 6: During the shareholder meeting in Berlin shows Daimler strength The billion-euro investment in electric mobility at the Stuttgart carmaker Daimler Show stock market chart… Continue reading Daimler CEO Zetsche on the electric car offensive: “Good for the CO2 balance – but not so good for our consolidated balance sheet”
Tag: M and A
VW announces supply contracts: Prevent accuses Volkswagen of “serious breach of law”
All articles and backgrounds 05/04/2018 VW announces supply contracts Prevent accuses Volkswagen “serious breach of law” before DPA Prevent in Warmenau near Wolfsburg: The dispute with VW escalates The Prevent Group, which became known mainly through its dispute with Volkswagen, has announced redundancies and short-time work at its sites in Schönheide, Plauen and Stendal. The… Continue reading VW announces supply contracts: Prevent accuses Volkswagen of “serious breach of law”
Alibaba is preparing to invest in Grab
Fresh from announcing a deal to buy out Uber in Southeast Asia, Grab looks set to gain further firepower with Chinese e-commerce giant Alibaba preparing to invest in the ride-hailing firm. Alibaba is in the early stages of making an investment in Grab, two sources with knowledge of discussions told TechCrunch. Isn’t yet clear what… Continue reading Alibaba is preparing to invest in Grab
Annual General Meeting: Despite record numbers – Zetsche is facing new diesel debate
All articles and backgrounds 05/04/2018 Annual General Meeting Despite record numbers – Zetsche is facing a new diesel debate Daimler The carmaker Daimler Show stock market chart can present its shareholders with record numbers at the AGM this Thursday (starting at 10:00 am in Berlin) and still has to expect headwinds again. shareholder representatives have… Continue reading Annual General Meeting: Despite record numbers – Zetsche is facing new diesel debate
TVR Returns to endurance motorsport with REBELLION Racing
5 April 2018: Marking its return to motor sport for the first time in more than 10 years, TVR has announced its role as the automotive partner to REBELLION Racing, competing in the LMP1 category of the FIA World Endurance Championship (WEC) 2018 – 2019 Super Season. REBELLION Racing TVR will make its track debut during the WEC Prologue event at Circuit Paul Ricard on 6 April.
Learnings from TVR’s collaboration with REBELLION Racing will flow directly into the development and production both of its road car line-up, and into its future racing projects.
Les Edgar, Chairman of TVR, said: “When we resurrected the TVR brand, we knew that we wanted to achieve a return to the race track. Our partnership with REBELLION Racing allows us to achieve that goal, while bringing about valuable operational and technical knowledge, which directly transfers to our road car operation and future racing activities.
“We have a long-standing relationship with Rebellion Racing and have been following them closely in WEC over the last few years. We greatly look forward to working with the team and are confident that REBELLION Racing TVR will see much success during the Super Season.”
REBELLION Racing teased the design of its ORECA R-13 prototype at the Geneva Motor Show in March, following confirmation of its entry into the LMP1 category. The WEC Prologue is the first time REBELLION will allow a closer glimpse of its 2018 – 2019 race livery, with TVR taking pride of place as automotive partner.
Sports car racing is a fundamental element of TVR’s heritage, with the very first models (TVR 1, 2 and 3) having been designed for the race track, and with a long and rich heritage of racing ever since. TVR entered its first Le Mans event with its Grantura in 1962, and TVRs competed in myriad championships throughout the years. TVR participated at Le Mans in 2003, 2004 and 2005, and ran a number of successful one-make race series in the UK until 2006.
TVR will join REBELLION Racing’s other partners – Gibson race engines, Motul lubricants, and Carbon Champagne for the 2018 – 2019 Super Season.
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Meituan Confirms $3.7B Mobike Acquisition To Strengthen Its Mobility Offerings
Wang Xing, CEO of Chinese group-buying and location-based services firm Meituan Dianping, has confirmed Meituan’s acquisition of bike sharing firm Mobike in an internal letter reported by local media. China Money Network yesterday reported Meituan was in talks to buy Mobike for US$3.7 billion, including the assumption of debt of US$1 billion. Meituan did not… Continue reading Meituan Confirms $3.7B Mobike Acquisition To Strengthen Its Mobility Offerings
Agreement with unions: PSA invests in Opel plant in Luton
Agreement with unions PSA invests in Opel plant in Luton Starting next year, light commercial vehicles will be built on a PSA platform at Vauxhall’s British sister company’s factory. The PSA Group continues its investment offensive in Opel plants outside Germany. From 2019, the British sister brand Vauxhall should be lightweight in the Luton plant… Continue reading Agreement with unions: PSA invests in Opel plant in Luton
China Digest: Smart trucks JV formed; BitKan, Ainemo raise funds
April 4, 2018 In multiple developments in China, three firms have teamed up to form a joint venture that will develop smart trucks while startups BitKan and Ainemo have raised millions of dollars in their latest funding rounds. GLP teams up with G7, NIO Capital for smart trucks JV Industrial logistics provider GLP has teamed… Continue reading China Digest: Smart trucks JV formed; BitKan, Ainemo raise funds
Porsche invests in the ‘startup’ Anagogo, specialized in the development of artificial intelligence
Posted 04/04/2018 13: 35: 28CET STUTTGART (GERMANY), 4 Apr (EUROPA PRESS) – The manufacturer of premium vehicles Porsche has acquired a minority stake in the Israeli startup Anagog, specializing in the development of artificial intelligence in the field of mobility and with about 30 employees, the company said in a statement. As Porsche explains, the… Continue reading Porsche invests in the ‘startup’ Anagogo, specialized in the development of artificial intelligence
The new joint venture of Continental and Osram will enter 500 million annually
Posted 04/04/2018 13: 35: 01CET MUNICH (GERMANY), 4 Apr (EUROPA PRESS) – The manufacturer of components for the Continental car has reached an agreement with the technological company Osram for the creation of a ‘joint venture’ that will combine the experience of both firms in lighting, light control and electronics, and will employ 1,500 employees,… Continue reading The new joint venture of Continental and Osram will enter 500 million annually