Tag: M and A

Opel: temporary workers should be replaced by workers from Poland

Opelwerk in Russelsheim The French auto company PSA had already announced last November, a recovery plan for the acquired carmaker Opel. (Photo: Reuters) The carmaker Opel replaces an unknown number of temporary workers at its Rüsselsheim headquarters by regular employees from the Polish site in Gliwice. The plant there is currently only weakly utilized, so… Continue reading Opel: temporary workers should be replaced by workers from Poland

Automotive suppliers on an expansion course: VW-Schreck Prevent takes over German casting specialists

All articles and backgrounds 01/23/2018 Auto parts supplier on expansion course VW Schreck Prevent takes over German casting specialists DPA Headquarters of automotive supplier Prevent in Warmenau near Wolfsburg (Lower Saxony). This acquisition should be the VolkswagenBuyers eyeing with gawky eyes: Those by their spectacular dispute with VW Became known Prevent Group buys again in… Continue reading Automotive suppliers on an expansion course: VW-Schreck Prevent takes over German casting specialists

Auto parts supplier: Prevent takes over Halberg Guss

The Prevent Group has acquired another auto parts supplier, Halberg-Guss. Halberg produces crankcases, cylinder heads and crankshafts for cars and trucks. The mainly by their dispute with VW Became known Prevent Group of the Bosnian entrepreneurial family Hastor has taken over another auto parts supplier. The Bundeskartellamt has the takeover Halberg Guss with its approximately… Continue reading Auto parts supplier: Prevent takes over Halberg Guss

Hydrogen is Going the Distance: Toyota Surpasses 3,000 Mirai Hydrogen Fuel Cell Vehicle Sales in California

January 23, 2018 PLANO, Texas, January 23, 2018 – Move over polluters, the Toyota Mirai, one of the  world’s first mass-produced hydrogen fuel cell electric vehicles, has surpassed 3,000 sales in the Golden State. Having reached this new milestone, Mirai make up more than 80% of all hydrogen fuel cell vehicles in the United States. “Toyota… Continue reading Hydrogen is Going the Distance: Toyota Surpasses 3,000 Mirai Hydrogen Fuel Cell Vehicle Sales in California

The quest for Asia’s ride-hailing market & more

The quest for Asia’s ride-hailing market & more Welcome to our weekly news highlights by Splyt, the place where you‘ll find the most relevant information about the urban mobility scene. Follow us for updated news, we post every Tuesday! Here is what happened last week:Self-driving car startup Pony.ai raises $112 One of the now many autonomous driving… Continue reading The quest for Asia’s ride-hailing market & more

Gumtree and eBay used car selling platforms to operate as one following merger

Gumtree and eBay will operate as one business after merging to offer car retailers exposure across two platforms when listing vehicles for sale. Gumtree this week claimed to be the fastest-growing classifieds marketplace for motors in the UK, with six million users a month visiting the site’s Motors offering, while 3.7 million users a month visit eBay… Continue reading Gumtree and eBay used car selling platforms to operate as one following merger

APAC Digest: Dely, BeliMobilGue.co.id and GTRIIP raise funding

January 23, 2018 In multiple investments in the region, Tokyo-based culinary media firm Dely has raised $30.25 million in venture funding while Indonesian user car marketplace BeliMobilGue.co.id has secured a $3.7 million pre-Series A. Meanwhile, AI & biometrics software startup GTRIIP has  secured a seven-figure sum Series A funding round. Dely closes $30.25m venture round Japanese startup Dely, which… Continue reading APAC Digest: Dely, BeliMobilGue.co.id and GTRIIP raise funding

South Korean Government Changes Standards for Payment of Subsidy for Electric Vehicles

Ministry of Environment (ME) has decided to change standards for payment of government subsidy for electric vehicles to ‘first-come-first-served based on registration and release date of cars’ this year. Its standards changed for the first time when they were based on submission of documents for purchase since 2013. It has decided to change standards in… Continue reading South Korean Government Changes Standards for Payment of Subsidy for Electric Vehicles

Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union

The head of Peugeot and Citroen (PSA) has met with Vauxhall union bosses for a “frank exchange” of ideas, as the French company weighs up how it will integrate the British brand into its portfolio of companies. The Unite union’s general secretary, Len McCluskey, said the meeting with Carlos Tavares, PSA’s chief executive, was “constructive”, and Tavares repeated his… Continue reading Peugeot Citroen boss seeks to avoid further Vauxhall job losses in meeting with Union