Tag: M and A

Porsche accelerates EV supercar ambitions with investment in Rimac

Porsche and Rimac both made electric car news at the Geneva Motor Show this year, showing off the Mission E Cross Turismo and Concept Two, respectively. Now the two companies are preparing to enter into what’s described as a close collaboration, on the heels of Porsche’s announcement that it’s purchased 10 percent of Rimac Automobili.… Continue reading Porsche accelerates EV supercar ambitions with investment in Rimac

Deutsche Post wants street scooters by 2020 itself to produce

N After the expulsion of Executive Board member Jürgen Gerdes, the post-chairman of the board of directors commits himself Frank Appel to the street scooter. The electric transporter powered by Gerdes will continue to be produced by Deutsche Post. “At least in the next two years, we will continue,” said Appel the Frankfurter Allgemeine Zeitung.… Continue reading Deutsche Post wants street scooters by 2020 itself to produce

Toyota captures data goldmine in $1 billion Grab bet

TOKYO/SINGAPORE (Reuters) – By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic. FILE PHOTO: Commuters walk past a Grab transport booking… Continue reading Toyota captures data goldmine in $1 billion Grab bet

Audi CEO crisis threatens fragile truce among VW stakeholders

FRANKFURT (Reuters) – The arrest and detention of Audi’s (NSUG.DE) chief executive forces Volkswagen Group’s (VOWG_p.DE) competing stakeholders to renegotiate the delicate balance of power that has helped keep Rupert Stadler in office. FILE PHOTO: Audi CEO Rupert Stadler speaks during the company’s annual news conference in Ingolstadt, Germany March 15, 2018. REUTERS/Michael Dalder/File Photo… Continue reading Audi CEO crisis threatens fragile truce among VW stakeholders

Hyundai Motor Group and Audi Partner in Fuel Cell Technology

SEOUL, South Korea and INGOLSTADT, Germany, June 20, 2018 /PRNewswire/ — Hyundai Motor Group (the Group) and AUDI AG (Audi) announced they have entered into a multi-year patent cross-licensing agreement, covering a broad range of fuel cell electric vehicle (FCEV) components and technologies. Under the new partnership, the world’s fifth-largest auto-making group and the German premium… Continue reading Hyundai Motor Group and Audi Partner in Fuel Cell Technology

Fosun agrees to buy German production systems firm FFT

June 20, 2018 Chinese conglomerate Fosun International has agreed to acquire Germany-based automated and flexible production systems provider FFT GmbH & Co. KGaA (FFT) for a still undisclosed amount. In a statement, Fosun said it will acquire FFT from ATON GmbH, a German family-owned private investment firm, through the funds managed by Fosun, giving FFT… Continue reading Fosun agrees to buy German production systems firm FFT

UPDATE 1-VW, Ford discuss alliance to develop and make transporter vans – sources

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) and Ford (F.N) are in preliminary talks over a development and production alliance for commercial transporter vans, two sources familiar with the matter said on Tuesday. The Ford logo is seen at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 29,… Continue reading UPDATE 1-VW, Ford discuss alliance to develop and make transporter vans – sources

Lyft’s app code reveals unlaunched bike or scooter feature

Lyft hasn’t acquired a bike-sharing startup or gotten a scooter permit yet, but it’s already preparing its app for them with a feature codenamed “last mile”. Code and screenshots dug out of Lyft’s Android app reveal a way to search a map for last mile vehicles, and scan a QR code or enter a pin… Continue reading Lyft’s app code reveals unlaunched bike or scooter feature

Ford Acquires Iconic Michigan Central Station as Centerpiece of New Detroit Campus to Usher in Ford’s Smart, Connected Future

  Ford has acquired the iconic Michigan Central Station and plans to transform it into the centerpiece of a vibrant new campus in Detroit’s Corktown neighborhood that will serve as an innovation hub for Ford’s vision for the future of transportation The Corktown campus is a place where Ford and its partners will work on… Continue reading Ford Acquires Iconic Michigan Central Station as Centerpiece of New Detroit Campus to Usher in Ford’s Smart, Connected Future