Vauxhall has confirmed that the next-generation Corsa – due next year – will feature a fully electrified variant, which will roll off production lines at the brand’s plant in Zaragoza, Spain, in 2020. PSA, which also owns Peugeot, Citroen and DS, took over Vauxhall and its German sister marque Opel in 2017. Late last year, the… Continue reading All-electric Vauxhall Corsa will arrive in 2020
Tag: M and A
SEAT enters in the carsharing sector with the acquisition of Respiro
With the purchase, SEAT takes a further step in its commitment to becoming a benchmark in future mobility
Opel Vauxhall Finance launches a strategic plan to support Opel/Vauxhall sales growth
• Opel Vauxhall Finance launches its strategic plan, 100 days after its acquisition through BNP Paribas and Groupe PSA• All initiatives are dedicated to support Opel/Vauxhall’s profitable growth• The aim is to finance every third Opel vehicle by 2020• The company will leverage competitive costs of funding and expertise of its shareholders BNP Paribas Personal… Continue reading Opel Vauxhall Finance launches a strategic plan to support Opel/Vauxhall sales growth
Honeywell Announces Darius Adamczyk To Assume Chairman Title In April 2018; Names Duncan B. Angove To Board Of Directors
— Board of Directors nominates Adamczyk to serve as both Chairman and CEO beginning after Honeywell’s Annual Shareowners Meeting on April 23– Single leader will help Honeywell navigate a period of significant portfolio change and drive a strategic shift toward becoming a software-industrial leader– Angove, who is President of Infor Inc. with more than two… Continue reading Honeywell Announces Darius Adamczyk To Assume Chairman Title In April 2018; Names Duncan B. Angove To Board Of Directors
2017: Strong growth and record results
Plastic Omnium once again achieved a record year.In 2017, we outperformed the global automotive market by nine points and posted growth across all operating regions. We successfully consolidated the businesses in 2016 and continued to improve our industrial performance.With our financial strength and confidence in our capacity to continue to develop our business and increase… Continue reading 2017: Strong growth and record results
Porsche and Audi developing shared architecture for electric cars
The joint electric offensive by Porsche and Audi was launched ten months ago. Now the premium manufacturers are deepening their development partnership and achieving concrete results. The goal of the cooperation, which will create a pioneering architecture called the Premium Platform Electric (PPE), is to shape the mobility of tomorrow together and to put future… Continue reading Porsche and Audi developing shared architecture for electric cars
Stoneacre Motor Group begins 2018 acquisitions with Chris Variava multi-franchise takeover
Stoneacre Motor Group is once again on the “acquisition trail” after securing the whole of Nottingham-based Chris Variava car dealership operation for an undisclosed sum.
India Digest: MediAssist eyes PE funding; Metrobikes, RailYatri look to raise $10m each
February 15, 2018 While MediAssist is in talks with private equity firms to raise up to $39 million, startups Metrobikes and RailYatri are looking to raise rounds of $10 million each. MediAssist eyes PE funding in pre-IPO round Healthcare services provider MediAssist Health Services is in talks with private equity firms to raise up to Rs 250… Continue reading India Digest: MediAssist eyes PE funding; Metrobikes, RailYatri look to raise $10m each
S Korea’s Kakao Mobility to acquire car pool startup Luxi for $23.3m
February 15, 2018 Kakao Mobility, the cab-hailing and transport services unit of South Korea’s mobile services giant Kakao, is acquiring local car pool startup Luxi for KRW25.2 billion ($23.3 million), the company said in a statement posted on its Korean website. Kakao said it wants to utilise Luxis carpool to complement Kakao Mobility taxi-hailing service,… Continue reading S Korea’s Kakao Mobility to acquire car pool startup Luxi for $23.3m
Broadcom Now Seeking Fewer of Qualcomm’s Board Seats
Photo Hock Tan, the chief executive of Broadcom, said his company’s decision to seek fewer seats on Qualcomm’s board was a bid to provide “continuity” after an eventual takeover. Credit Justin Lane/European Pressphoto Agency Broadcom moved the goal posts in its hostile takeover bid for Qualcomm, announcing on Tuesday that it was now seeking only… Continue reading Broadcom Now Seeking Fewer of Qualcomm’s Board Seats