TVR has gained a minority shareholder in the form of the Welsh government, which now owns three per cent of the revived British sports car manufacturer. Accounts filed at Companies House last month revealed that the Welsh government has spent £500,000 on acquiring the three per cent stake in TVR, with the Welsh taxpayer providing… Continue reading Welsh Government purchases three per cent stake in TVR
Tag: M and A
Grab announces acquisition of Bangalore-based payments startup iKaaz
Bangalore, 17 January 2018 – Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced it has acquired Bangalore-based payments startup iKaaz. The rich functionality of iKaaz’ mobile payments platform and its experienced leadership team will accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Already Southeast Asia’s #1… Continue reading Grab announces acquisition of Bangalore-based payments startup iKaaz
Swedish engine plant is Volvo Cars’ first climate-neutral manufacturing site
Swedish engine plant is Volvo Cars’ first climate-neutral manufacturing site Volvo Cars’ engine factory in Skövde, Sweden, has become the company’s first climate-neutral manufacturing plant, having switched to renewable heating as of 1 January 2018. Skövde is the first plant in Volvo Cars’ global manufacturing network to reach this status, which marks a… Continue reading Swedish engine plant is Volvo Cars’ first climate-neutral manufacturing site
Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Operational fitness, portfolio rationalization and increased investments in electrification, autonomy and mobility at core of company strategy Company increases planned investments in electrification to $11 billion by 2022 Expanded electrified portfolio to include 40 electrified vehicles globally, including 16 full battery electric vehicles by 2022 Announces preliminary results for full-year 2017 of $1.95 earnings-per-share (EPS)… Continue reading Ford Details Plans to Improve Fitness, Refocus Model Lineup and Accelerate Introduction of Smart Vehicles and Services
Boeing, Adient Launch New Company to Design and Build Airplane Seats
SEATTLE, Jan. 16, 2018 /PRNewswire/ — Boeing [NYSE: BA] and Adient [NYSE: ADNT] today announced the formation of Adient Aerospace, a joint venture that will develop, manufacture and sell a portfolio of seating products to airlines and aircraft leasing companies. The seats will be available for installation on new airplanes and as retrofit configurations for… Continue reading Boeing, Adient Launch New Company to Design and Build Airplane Seats
China’s Chery will use Nvidia-powered ZF ProAI for Level 3 autonomous cars
Chinese automaker Chery will be building cars with Level 3 autonomous features powered by supplier ZF’s ProAI platform, which itself uses Nvidia GPUs for its driving intelligence. The partnership was announced at the North American International Auto Show today in Detroit, and follows announcements from CES where Nvidia announced further collaboration with ZF and with… Continue reading China’s Chery will use Nvidia-powered ZF ProAI for Level 3 autonomous cars
Lyft opens up Concierge, its ride-booking service for businesses, to all
Lyft today announced it’s expanding its Concierge program – the service that allows organizations to schedule rides for other people – to more business customers. First announced in 2016, the service was originally designed to help patients get to medical appointments, particularly in areas where they may not have a car of their own, like… Continue reading Lyft opens up Concierge, its ride-booking service for businesses, to all
Automobile: the CO2 wall catches the builders
A paradox: it’s at the Detroit auto show, where a whole bunch of new 4x4s and other pickups are presented, that the builders say a little more about their situation in front of them. at the famous European “CO2 wall” . While Brussels has set relatively restrictive standards for 2021, the CEO Mercedes owner Daimler… Continue reading Automobile: the CO2 wall catches the builders
Bringg Announces $22 Million Series B Round Following Strong Deal Traction with International Brands
TEL AVIV, Israel and CHICAGO, Jan. 16, 2018 /PRNewswire/ — Bringg, the leading delivery logistics platform for enterprises, announced today that it has raised additional funding from strategic partners, bringing its Series B investment total to $22 million. The current $12 million round includes automotive leader Dr. Shmuel Harlap, shipping and real estate magnate Eyal Ofer,… Continue reading Bringg Announces $22 Million Series B Round Following Strong Deal Traction with International Brands
ZF Enables Autonomous Driving for Everyone
ZF is proactive in establishing collaboration with automotive OEMs in China such as Chery by providing the supercomputer ZF ProAI. ZF’s artificial intelligence (AI) controller enables automated driving functions up to level 3 for this collaboration. Drivers will receive support in relief from driving tasks while all traffic participants will benefit from systems designed to… Continue reading ZF Enables Autonomous Driving for Everyone