LONDON (Reuters) – The three-month battle for GKN will be decided on Thursday when the deadline for shareholders to accept Melrose Industries’ 8 billion pound ($11 billion) hostile bid expires, ending one of the most closely-contested takeover fights in Britain for years. FILE PHOTO: Branding is seen outside the headquarters of GKN in Redditch, Britain,… Continue reading Fate of GKN hangs in balance as investors decide on Melrose bid
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Cadillac, Lincoln launch SUVs in New York with an eye on China sales
NEW YORK (Reuters) – Luxury U.S. automaker brands Cadillac and Lincoln both unveiled SUV models this week at the New York auto show to meet rising American demand, but also are keeping one eye on a growing Chinese appetite for the same vehicles, executives said. The 2019 Lincoln Aviator is presented at the New York… Continue reading Cadillac, Lincoln launch SUVs in New York with an eye on China sales
Jaguar and Google’s Waymo agree £1.2bn driverless car partnership
Jaguar Land Rover (JLR) has announced it will supply up to 20,000 vehicles to driverless car outfit Waymo, the sub-brand of Google’s parent firm Alphabet, in a deal believed to be worth around £1.2bn. See related Under the partnership, JLR will provide Waymo with its first electric car, the forthcoming I-Pace SUV, in a move… Continue reading Jaguar and Google’s Waymo agree £1.2bn driverless car partnership
Bollinger announces partner to bring its all-electric utility truck to production next year
Bollinger has been keeping us excited about its B1 all-electric utility truck throughout its development program, but the path to production hasn’t been clear. Now the New York-based startup announces a partnership with an engineering firm to bring its all-electric vehicle to production as soon as next year. Home Solar Power Producing a cool electric prototype… Continue reading Bollinger announces partner to bring its all-electric utility truck to production next year
Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support
MAUMEE, Ohio, March 28, 2018 /PRNewswire/ — James Kamsickas, president and chief executive officer of Dana Incorporated (NYSE: DAN), today commented on the benefits a Dana-GKN Driveline combination offers: Superior Value “The Dana and GKN Driveline combination clearly offers superior value to GKN shareholders. It establishes the largest global supplier of vehicle drive systems, and… Continue reading Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support
BMW and Daimler create the world’s number one car-sharing
To stay in the running against American Uber and Lyft or Chinese Didi, Daimler and BMW join forces. The two German manufacturers, who usually fight for the first place in the podium on the high-end segment, Wednesday announced the signing of an agreement to merge their mobility services Car2go and DriveNow. The operation, which has… Continue reading BMW and Daimler create the world’s number one car-sharing
NXP and AliOS partner for new in-vehicle experiences
NXP will pair i.MX applications processors with Alibaba’s AliOS for next-gen auto e-cockpit Offers new opportunities for AI, IoT and multi-screen in-vehicle experiences Partnership aims to install AliOS system and NXP’s automotive infotainment solution in millions of vehicles in China by 2020 NXP Semiconductors and AliOS, the operating system for Internet of Things (IoT) solutions… Continue reading NXP and AliOS partner for new in-vehicle experiences
Looking back: The story of a year of Lightyear
Martijn Lammers — Co-Founder
It was a year ago when I wrote this article from our very first office (we have been on the move), back when we were with just the five of us. It feels so much longer ago now. The past year has been an exciting year for Lightyear in many ways. Of course some things were harder than expected but I think it is safe to say that we came a very long way and are on course to reach our first big goal; realising Lightyear One. We started out with just the 5 founders and a small group of enthusiast part-timers, much has changed.
Lightyear Investor Cafe
Around the same time I wrote the article, we were preparing our first investor cafe which would take us a huge step forward. During this evening we asked our network to help us to take Lightyear a step further. And with success, we were able to sign our first partnership with a renowned Italian automotive design company.
This partnership allowed us to make yet another giant leap forward in making ou..
BMW Group and Daimler AG agree to combine mobility services
· Automotive pioneers and innovation leaders to shape sustainable urban mobility of the future · Strong alliance to create unique customer offering: seamless, multimodal, fast and readily available · Ecosystem for on-demand mobility: single source for CarSharing, Ride-Hailing, Parking, Charging and Multimodality · Sustainable solutions for challenges of urban mobility and better quality of life… Continue reading BMW Group and Daimler AG agree to combine mobility services
First Customer Win for Federal-Mogul Powertrain’s New Product Group Controlled Power Technologies
First Customer Win for Federal-Mogul Powertrain’s New Product Group Controlled Power Technologies SOUTHFIELD, Mich., March 28, 2018 /PRNewswire/ — Federal-Mogul Powertrain today announced the first commercial customer contract for its new product group Controlled Power Technologies (CPT). The long-term contract, worth around $100m, covers the development and series production of advanced starter-generator systems for an… Continue reading First Customer Win for Federal-Mogul Powertrain’s New Product Group Controlled Power Technologies