SF Motors is moving ahead with its plan to build electric vehicles at the former Hummer factory in Indiana. This week, the startup is taking over the plant and it announced $160 million in investments to build all-electric SUVs at the factory. Home Solar Power It has been an exciting year for SF Motors, which… Continue reading SF Motors invests $160 million to build all-electric SUVs at former Hummer factory
Tag: M and A
Difficult last year of office: These five problems must solve Daimler CEO Zetsche
Dieter Zetsche The Daimler CEO is facing major challenges. (Photo: AFP / Getty Images) Stuttgart, Dusseldorf, FrankfurtAll headlights are aimed at him. Before you start, smile Dieter Zetsche again briefly. He finally knows what’s coming. “Hey Mercedes, tell me a joke,” he says Daimler-Chef in front of 400 invited guests at the premiere of the… Continue reading Difficult last year of office: These five problems must solve Daimler CEO Zetsche
PSA a commencé à suspendre les activités de ses JV en Iran
(Actualisé avec contexte) PARIS, 4 juin (Reuters) – PSA a annoncé lundi avoir commencé à suspendre les activités de ses coentreprises en Iran afin de se conformer à la loi américaine d’ici le 6 août et dit être en contact avec les autorités américaines pour envisager une dérogation. Les Etats-Unis ont annoncé le 9 mai… Continue reading PSA a commencé à suspendre les activités de ses JV en Iran
France’s PSA suspends joint ventures in Iran to avoid US sanctions
PARIS (Reuters) – French carmaker PSA Group (PEUP.PA) has begun to suspend its joint venture activities in Iran to avoid U.S. sanctions after Washington’s withdrawal from the international nuclear deal. FILE PHOTO: The Peugeot logo is pictured on the new Peugeot 508 before a news conference of PSA Group to announce the company’s 2017 annual… Continue reading France’s PSA suspends joint ventures in Iran to avoid US sanctions
France’s PSA begins to suspend its joint ventures in Iran
PARIS, June 4 (Reuters) – PSA Group has begun to suspend its joint venture activities in Iran, the French carmaker said on Monday, following the withdrawal of the United States from a nuclear pact signed with the country. European signatories are scrambling to save the accord, which they see as crucial to forestalling an Iranian… Continue reading France’s PSA begins to suspend its joint ventures in Iran
Groupe PSA Position on Its Activities in Iran
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: After signature of the JCPOA1 on July 14th, 2015 and the lifting of international sanctions against Iran on January 16th, 2016, Groupe PSA (Paris:UG) signed joint venture agreements with Iran Khodro on June 21th, 2016 and Saipa on October 6th, 2016. The purpose of these JVs, which are fully compliant with… Continue reading Groupe PSA Position on Its Activities in Iran
Waymo expands autonomous driving partnership with Fiat Chrysler
On the same day of a massive $2.25 billion Softbank investment into General Motors’ Cruise, Fiat Chrysler Automobiles (FCA) is announcing an expanded partnership with Waymo that will add up to 62,000 more Chrysler Pacifica minivans to Waymo’s self-driving car fleet later this year. This isn’t too surprising, given Waymo said earlier this year that… Continue reading Waymo expands autonomous driving partnership with Fiat Chrysler
First generation e-cars will be gone tomorrow, says expert
Ding Lei, founder and chairman of electric car startup Huaren Technology R&D Co. [Photo provided to China Daily] Most electric models currently mushrooming in the Chinese auto sector will lose their appeal in two or three years, as they were designed as “makeshift substitutes” for gasoline cars, according to Ding Lei, founder and chairman of… Continue reading First generation e-cars will be gone tomorrow, says expert
FAW-Volkswagen launches advanced new Qingdao plant
Juergen Unser, vice-president of FAW-Volkswagen. [Photo provided to China Daily] FAW-Volkswagen Automotive Co has inaugurated a new plant in Qingdao, East China’s Shandong province, as one of the joint venture’s latest efforts to charge ahead in the world’s largest car market. The plant, which was unveiled last Monday, employs 3,000 people and has an annual… Continue reading FAW-Volkswagen launches advanced new Qingdao plant
Lotus boss leaves as new owner Geely promotes from within
Lotus’s boss has left the sports car manufacturer less than a year after it was acquired by Chinese automotive giant Geely. Jean-Marc Gales was brought in to the Norfolk-based company in 2014 with a remit to get it back on track after an ambitious expansion plan under former Ferrari marketing chief boss Dany Bahar failed.… Continue reading Lotus boss leaves as new owner Geely promotes from within