Warwick-based Rybrook Group is representing Jaguar and Land Rover in Stoke following the completion of its acquisition of the businesses from Pendragon for an undisclosed sum. The businesses is trading as Rybrook Land Rover Stoke and Rybrook Jaguar Stoke. These new additions increase the Warwick-based Group’s dealerships to 25. Rybrook already has Jaguar and Land… Continue reading Rybrook buys JLR dealerships in Stoke from Pendragon
Tag: M and A
Tesla Reportedly Talking With CATL For China Battery Order
2 H BY STEVEN LOVEDAY Tesla must secure batteries for China market explosion. There’s little doubt Tesla is going to explode in China, but there’s a lot the company needs to put in place. For starters, finishing construction of its Gigafactory 3 in Shanghai. But also, assuring there are battery suppliers in the area that… Continue reading Tesla Reportedly Talking With CATL For China Battery Order
Karma’s Pininfarina Partnership Breaks Cover
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Hyundai India, Revv Partner on Subscription Service
Hyundai and Revv first partnered on carsharing last year. Photo via Depositphotos. Hyundai Motors of India and carsharing firm Revv are partnering to launch a subscription service in six cities, according to the Times of India. The service will initially be available in Delhi, Mumbai, Kolkata, Pune, Bengaluru, and Hyderabad beginning this month. Hyundai and… Continue reading Hyundai India, Revv Partner on Subscription Service
Michelin and Faurecia create a French champion of hydrogen
Will France succeed in creating a world champion for fuel cells? In any case, this is the objective of the two tricolor equipment manufacturers, Michelin and Faurecia, who have just signed a major alliance in this area – in the presence of the Secretary of State for Industry, Agnès Pannier-Runacher. Both have invested tens of… Continue reading Michelin and Faurecia create a French champion of hydrogen
BMW Manufacturing Continues as Largest U.S. Automotive Exporter by Value.
Export Value From South Carolina Totals More Than $8.4 Billion in 2018. Plant Produces 4.5 Millionth BMW Built in South Carolina. September 8th Marks 25 Years of Production in South Carolina. Spartanburg, S.C. For the fifth consecutive year, BMW Manufacturing led the nation in automotive exports by value, according to data released this week… Continue reading BMW Manufacturing Continues as Largest U.S. Automotive Exporter by Value.
China Digest: Baidu leads $450m round in Weltmeister; Orchid Asia backs Hunliji
March 11, 2019 Chinese internet group Baidu Inc has led a $450-million Series C round into Weltmeister Motor while Orchid Asia has led a $70-million round into Chinese wedding services provider Hunliji. Baidu Inc leads $450m Series C round into Weltmeister Motor Electric vehicle maker Weltmeister Motor has raised RMB 3 billion ($450 million) in a Series C round led by… Continue reading China Digest: Baidu leads $450m round in Weltmeister; Orchid Asia backs Hunliji
Morgan – the last family-owned British carmaker set to sell to Italian firm
“ Morgan Motor Company has announced that Italian investment firm, Investindustrial, will take over majority ownership of the car company in April. Investindustrial has announced the acquisition of a majority stake in Morgan Motor Company – image courtesy of Investindustrial The announcement occurred at the Geneva motor show, alongside the company unveiling its latest Morgan… Continue reading Morgan – the last family-owned British carmaker set to sell to Italian firm
Lyft lays off up to 50 in bikes and scooters as it gears up for another wave of launches
As Lyft continues to prepare for its IPO, the on-demand transportation startup is trimming staff to cut costs ahead of another wave of expansion. TechCrunch has learned and confirmed that Lyft has laid off around 50 staff in its bike and scooter division, mainly people who had joined the company when it acquired the electric… Continue reading Lyft lays off up to 50 in bikes and scooters as it gears up for another wave of launches
Eneco eMobility acquires Flow Charging
Eneco eMobility acquires Flow Charging 8 Mar 19 On 1 January, Eneco eMobility has taken over Flow Charging, a company providing charging stations for companies and individuals in the Netherlands and Belgium. The acquisition includes 2,000 charging stations and 4,500 charging cards. News Netherlands New Energies Go to Source