Here, the mapping and location services company once owned by Nokia and sold for €2.5 billion to a car-maker consortium of Audi, BMW and Daimler in 2015, is picking up a new investor today. Chipmaker Intel has confirmed that it is taking a 15 percent stake in the business, which it will use to develop autonomous… Continue reading Intel confirms 15% stake in mapping business Here to work on autonomous car tech
Tag: M and A
UPS says 50 Workhorse plug-in hybrid trucks cost no more than regular delivery vans
Follow John Prototype plug-in electric delivery van with fuel-cell range extender to be tested by UPS in 2017 Enlarge Photo For almost a decade, commercial-fleet managers have acknowledged that electric truck are much cheaper to run per mile than the diesel equivalents they now use. But justifying the purchase of electric trucks has been a… Continue reading UPS says 50 Workhorse plug-in hybrid trucks cost no more than regular delivery vans
Grab and Credit Saison Form Financial Services Joint Venture To Expand Access to Credit for Southeast Asia’s Unbanked
Singapore, 13 March, 2018 – Grab Inc. (“Grab”), the leading on-demand transportation and fintech platform in Southeast Asia, and Credit Saison Co., Ltd. (“Credit Saison”), one of Japan’s largest consumer financing companies, today announced a joint venture to provide loans and lending services to millions of unbanked and underbanked consumers, micro-entrepreneurs and small businesses across… Continue reading Grab and Credit Saison Form Financial Services Joint Venture To Expand Access to Credit for Southeast Asia’s Unbanked
Ford SUVs Power 8% Sales Growth in Europe; Ford Fiesta, Transit, Ranger Lead Segments
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading Ford SUVs Power 8% Sales Growth in Europe; Ford Fiesta, Transit, Ranger Lead Segments
Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
SINGAPORE, March 13, 2018 /PRNewswire/ — Grab, the leading on-demand transportation and fintech platform in Southeast Asia, has announced a partnership with Chubb, the world’s largest publicly traded property and casualty insurance company, to offer insurance solutions for Grab’s driver-partners. Using the Grab app, drivers will be able to select different insurance options to protect their… Continue reading Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
Dongfeng Peugeot-Citroen sales stall on brand confusion
Following a series of management reshuffles and a slow start in the world’s largest market, Dongfeng Peugeot-Citroen Automobile’s sales in China barely made it past the half-way mark of their 2017 target, resulting in substantial losses for the joint venture carmaker. Dongfeng Peugeot-Citroen saw a loss of 30 billion euros ($36.94 billion) last year, despite… Continue reading Dongfeng Peugeot-Citroen sales stall on brand confusion
China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions
China’s WM Motor Technology Co., set to take on Tesla Inc. with an electric SUV going on sale this year, is open to holding an initial public offering in the U.S. as its founder shrugs off a potential trade war between the world’s two biggest economies. The company has a team looking into proposals for… Continue reading China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions
Innovative sensor jacket trains industrial robots – Transparent Factory establishes partnership with Dresden-based start-up Wandelbots
Photo Brand 11 March 2018 Innovative sensor jacket trains industrial robots – Transparent Factory establishes partnership with Dresden-based start-up Wandelbots Saxony’s prime minister Michael Kretschmer (right) tries out the new sensor jacket from Wandelbots in the Transparent Factory of Volkswagen in Dresden. Also present: Saxony’s Minister of Economic Affairs Martin Dulig and Wandelbots co-CEO Georg… Continue reading Innovative sensor jacket trains industrial robots – Transparent Factory establishes partnership with Dresden-based start-up Wandelbots
UPDATE 3-Britain’s Melrose raises GKN bid to $11.2 bln in final offer
LONDON (Reuters) – Melrose Industries (MRON.L) increased its hostile offer for GKN (GKN.L) by around 10 percent to 8.1 billion pounds ($11.2 billion), trying to win over investors after the British engineering firm struck a rival deal of its own last week. GKN’s board unanimously rejected the new bid on Monday saying it continued to… Continue reading UPDATE 3-Britain’s Melrose raises GKN bid to $11.2 bln in final offer
Bosch Mahle Turbo Systems changes hands
Equipment suppliers By Christophe Jaussaud, the 12/03/2018 The JV between the two German equipment manufacturers, turbos specialist, is now owned by the Hong Kong fund FountainVest. It’s official, Bosch Mahle Turbo Systems is now part of the Hong Kong investment fund FountainVest. A buyback that has been approved by all authorities. A shareholder change that… Continue reading Bosch Mahle Turbo Systems changes hands