DM Keith has acquired Grimsby’s Westgate Motor Group in a move which sees the group expand the size of its portfolio to ten franchised dealership sites.
Tag: M and A
MWC 2018: Continental Is Shaping the Future of Mobility
Continental will be unveiling innovative solutions and services at the Mobile World Congress in Barcelona Holistic connectivity is turning vehicles into smartphones on wheels Smart integration of mobile devices maximizes driver and user experience Barcelona, February 8, 2018. Starting in April 2018, every new car in Europe will have to be equipped with an integrated… Continue reading MWC 2018: Continental Is Shaping the Future of Mobility
Nissan reports nine-month results for fiscal year 2017
YOKOHAMA, Japan (February 8, 2018) – Nissan Motor Co., Ltd. today announced financial results for the nine-month period to December 31, 2017. Nissan generated an operating profit of 364.2 billion yen on net revenues of 8.53 trillion yen, equivalent to an operating margin of 4.3%. During the period, the Group’s performance was adversely impacted by… Continue reading Nissan reports nine-month results for fiscal year 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017 Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars. Net revenue for the period… Continue reading Volvo Cars reports record operating profit of SEK14.1 billion in 2017
First European Customers Receive Their Ford GT Supercars
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 First European Customers Receive Their Ford GT Supercars
Toyota, JapanTaxi Agree to Consider Joint Development of Taxi Services
With an aim to revitalize Japan’s taxi industry and improve its efficiencies, Toyota Motor Corporation (Toyota) and JapanTaxi Co., Ltd. (JapanTaxi) have concluded a basic agreement on considering, among other activities, the joint development of services for taxi operators. They also agreed that, to strengthen ties between the two companies, Toyota will invest 7.5 billion… Continue reading Toyota, JapanTaxi Agree to Consider Joint Development of Taxi Services
Lyft considered buying the startup at the center of Alphabet’s suit against Uber
The timeline of events leading up to Uber’s acquisition of self-driving trucking startup Otto has always been a bit muddled. But Alphabet’s lawsuit against Uber, which centers on that acquisition, has yielded more information about that deal. Today, on the third day of trial in the U.S. district court for the Northern District of California,… Continue reading Lyft considered buying the startup at the center of Alphabet’s suit against Uber
600,000 Free2Movers within a year of launch!
• 600,000 app users in 8 countries• Another 2 launches, in Belgium and Portugal• Access to over 30 mobility services A year after its launch on 2 February 2017, the Free2Move app today boasts 600,000 users worldwide and over 30 key partners.The app allows users to identify a range of nearby mobility services, helping them… Continue reading 600,000 Free2Movers within a year of launch!
Renault-Nissan-Mitsubishi and DiDi Chuxing sign MOU to explore car-sharing partnership in China
World’s leading automotive alliance to explore future business opportunities with global transportation company Renault-Nissan-Mitsubishi, the world’s leading automotive alliance, today announced it has signed a memorandum of understanding with DiDi Chuxing (‘DiDi’), the leading Chinese mobile transportation platform, to explore future business cooperation on a new electric vehicle car-sharing program in the People’s Republic of… Continue reading Renault-Nissan-Mitsubishi and DiDi Chuxing sign MOU to explore car-sharing partnership in China
Third quarter: Mazda sets another global sales record
Setting a new best mark for the third consecutive year, Mazda Motor Corporation recorded global sales of 1,186,000 units between April and December 2017, the first nine months of the carmaker’s 2017-18 fiscal year. That was 25,000 (2%) more than in the same period of 2016*. Around the world, Mazda’s crossovers – led by the… Continue reading Third quarter: Mazda sets another global sales record