AUBURN HILLS, Mich., Jan. 30, 2018 /PRNewswire/ — Expanded delivery of vehicles signifies commitment to support the launch of the world’s first driverless ride-hailing service Vehicle delivery begins in late 2018 with Pacifica Hybrid minivans to be deployed across multiple U.S. cities FCA US LLC announced today an agreement to supply thousands of Chrysler Pacifica… Continue reading FCA US LLC Set to Deliver Thousands of Chrysler Pacifica Hybrid Minivans to Waymo’s Self-driving Service
Tag: M and A
Maruti to start manufacturing budget electric vehicle on its own – Times of India
NEW DELHI: India’s largest carmaker Maruti Suzuki will start making its first affordable electric vehicle (EV) by 2020 based on technology from parent Suzuki Motor, ahead of products developed in partnership with Toyota.The company and its parent are focusing on in-house capabilities but are also looking for partners to put in place the ecosystem for… Continue reading Maruti to start manufacturing budget electric vehicle on its own – Times of India
Nissan production, sales and exports for December 2017 and CY 2017
YOKOHAMA, Japan (Jan. 30, 2018) – Nissan Motor Co., Ltd. today announced production, sales and export figures for December 2017 and calendar year 2017. “2017 was our best-ever year for global sales and production,” said Executive Vice President Daniele Schillaci, global head of marketing and sales. “The Rogue series set an annual sales record in… Continue reading Nissan production, sales and exports for December 2017 and CY 2017
Gérard Détourbet Is Renault’s Master of Cutting Corners
Six years ago, after more than four decades with Renault SA, Gérard Détourbet decided he was done. He was in Chennai, leading a group of engineers from Renault and its strategic partner, Nissan Motor Co., in an attempt to create a low-cost vehicle for the Indian market, when some of his employees left his team… Continue reading Gérard Détourbet Is Renault’s Master of Cutting Corners
Ford China CEO shocks investors with resignation; company officials focus on future
CLOSE We sit down with Jim Hackett, Ford Motor Company’s new CEO, to talk about his new position and the company’s future. Kimberly P. Mitchell/Detroit Free Press Ford China CEO and chairman Jason Luo, who began his job just a few months ago, has resigned. (Photo: Key Safety Systems) Ford China CEO and chairman Jason… Continue reading Ford China CEO shocks investors with resignation; company officials focus on future
Group 1 Automotive Acquires Two Additional Dealerships in El Paso, Texas
HOUSTON, Jan. 29, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced the expansion of its business presence in the El Paso, Texas market with the acquisition of two new dealerships. The dealerships are Audi El Paso and Subaru El Paso, and are expected to generate approximately… Continue reading Group 1 Automotive Acquires Two Additional Dealerships in El Paso, Texas
BMW takes full ownership of DriveNow’s car sharing service (updated)
BMW has been synonymous with DriveNow’s car sharing service for several years, and today it’s cementing that commitmen. The German auto brand has taken full ownership of DriveNow by acquiring Sixt’s stake in the company. This gives BMW “all options” for mobility services in the future — it’s free to take the tech-savvy rental platform… Continue reading BMW takes full ownership of DriveNow’s car sharing service (updated)
PROTON DEALERS SHOW CONFIDENCE IN THE FUTURE OF THE BRAND – MORE UPGRADING TO 3S AND 4S CENTRES
PRESS PROTON DEALERS SHOW CONFIDENCE IN THE FUTURE OF THE BRAND – MORE UPGRADING TO 3S AND 4S CENTRES Posted on Jan 25, 2018 Subang Jaya, 25 January 2018 – Raring to go, PROTON recently held its second batch of the Dealers Network Upgrade agreement signing ceremony, at the PROTON Centre of Excellence. The ceremony… Continue reading PROTON DEALERS SHOW CONFIDENCE IN THE FUTURE OF THE BRAND – MORE UPGRADING TO 3S AND 4S CENTRES
Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business
PLYMOUTH, Mich., Jan. 29, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced first quarter earnings. Q1 GAAP net income and EPS diluted of $(216) million and $(2.32), respectively; Q1 adjusted-EPS diluted of $1.06 Q1 Adjusted-EBIT of $163 million (margin of 3.9%) Cash and cash equivalents of $390 million at December… Continue reading Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business
At a glance: Electric initiative at Mercedes-Benz Cars
Video-Link: https://youtu.be/AiplVDi1_nM [embedded content] In 2017, Mercedes-Benz Cars set important strategic course for electromobility: Electric hubs for the production of electric vehicles and batteries are currently being built around the globe. By 2022, Daimler will electrify the entire portfolio of Mercedes-Benz, offering customers at least one electrified alternative in all Mercedes-model series. The company is… Continue reading At a glance: Electric initiative at Mercedes-Benz Cars