The European Commission has approved the acquisition of Opel by Peugeot. After a detailed examination, the authority claims to have no competition concerns, conditions will not exist. Peugeot Opel cars in front of a dealership Wednesday, 05.07.2017 5:32 pm The EU Commission has approved the takeover of the German car manufacturer Opel by the French… Continue reading EU authorizes Opel takeover by PSA
Tag: M and A
So threatening are Opel and Peugeot for Volkswagen
After the Opel takeover, PSA will be Europe’s second-largest automaker. The group is a real threat to the market leader VW – especially in the future field of electromobility. TESSON / EPA / REX / Shutterstock Carlos Tavares Monday, 06.03.2017 20:40 PSA boss Carlos Tavares prefers to lead his company with clear goals. The avid… Continue reading So threatening are Opel and Peugeot for Volkswagen
Miraculous unity
Written guarantees demanded the Opel works council in the deal between GM and PSA – and threatened with strikes. Now, the executive and employee side of the German car company agree. There is hardly anything achieved. picture alliance / dpa Employee at Opel Thursday, 06.04.2017 17:21 clock Two weeks ago, it seemed to be high… Continue reading Miraculous unity
Opel presents restructuring plan – without notice
Three months after the takeover by the French PSA group Opel has presented a reorganization concept: The car maker wants to renounce terminations and plant closures. Opel factory premises in Rüsselsheim Thursday, 09.11.2017 10:28 At its restart, the automaker wants Opel get by without operational redundancies and plant closures. Wage costs are to be reduced… Continue reading Opel presents restructuring plan – without notice
Panasonic Opens New Automotive Lithium-ion Battery Factory in Dalian, China
With this new factory in China, Panasonic establishes a global battery cell production system for eco-friendly vehicles. Osaka, Japan – Panasonic Corporation announced today that it held an opening ceremony for a new automotive lithium-ion battery factory in Dalian, China. The factory is Panasonic’s first automotive battery cell production site in China. Panasonic will further… Continue reading Panasonic Opens New Automotive Lithium-ion Battery Factory in Dalian, China
Aston Martin Suspends EV Partnership With Struggling Chinese Tech Firm LeEco
Aston Martin Lagonda Ltd, a British luxury sports car manufacturer, has suspended a previously announced partnership with struggling Chinese tech company LeEco to jointly develop electric vehicles for the global markets. It is unclear why Aston Martin decided to suspend the partnership, but it is most likely directly related to LeEco’s financial troubles as LeEco… Continue reading Aston Martin Suspends EV Partnership With Struggling Chinese Tech Firm LeEco
Mon 10 Apr 2017 Detroit Electric prepares EV talent recruitment drive in the UKDetroit Electric’s Chief Technical Officer and Company Director Richie …
Recruitment of new senior team at EV company’s UK facility under way Group CTO and Company Director, Richie Frost, to lead the staffing strategy First technical roles already appointed at Leamington Spa factory Staffing drive is enabled by US$1.8 billion dollar joint venture deal Leamington Spa, UK – Detroit Electric’s Chief Technical Officer and Company… Continue reading Mon 10 Apr 2017 Detroit Electric prepares EV talent recruitment drive in the UKDetroit Electric’s Chief Technical Officer and Company Director Richie …
Aston Martin Vanquish Zagato Shooting Brake styling shown in life-size model
Aston Martin‘s Vanquish Zagato Shooting Brake has been shown in a life-sized model ahead of production. The car will be Aston’s Q bespoke division’s first to be specced in the brand’s Q Lounge virtual reality system. Aston revealed the limited-run Vanquish Zagato Shooting Brake in full late last year, following confirmation that the model will go into 99-unit production.… Continue reading Aston Martin Vanquish Zagato Shooting Brake styling shown in life-size model
Temasek Invests In Mobile To Bring 2017 Total Funding To $300M For Bike Share Firm
Chinese bike sharing company Mobike has received new strategic investment from Singapore’s state investment firm Temasek Holdings and existing investor Chinese investment firm Hillhouse Capital to raise a total of over US$300 million since the start of 2017, a tremendous feat for a start-up with actual operation time of less than one year. In January,… Continue reading Temasek Invests In Mobile To Bring 2017 Total Funding To $300M For Bike Share Firm
China’s Didi Sued For Talent Poaching By Alibaba-Owned AutoNavi
Chinese mapping company AutoNavi Holdings Ltd., owned by Alibaba Group Holdings Ltd., has sued Didi Chuxing for unfair competition, alleging the ride-sharing company poached eight veteran engineers from its team and asking for RMB75 million (US$10.9 million) in damages, according to court documents. AutoNavi said that one senior manager and six engineers with knowledge of… Continue reading China’s Didi Sued For Talent Poaching By Alibaba-Owned AutoNavi