HOUSTON, April 16, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced the acquisition of a new Toyota market area in western São Paulo, Brazil as well as a major expansion to an existing Honda dealership located in the São Paulo suburb of São Bernardo do… Continue reading Group 1 Automotive Expands Presence in Brazil
Tag: M and A
PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME
PRESS PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME Posted on Apr 16, 2018 Subang Jaya, 16 April 2018 – 2018 is an important year for PROTON after the acquisition of 49.9% shares by Geely as the Company undergoes numerous initiatives internally to ensure a successful turnaround in a short time. With the new partnership comes renewed… Continue reading PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME
Press Releases – Motor vehicles generate €413 billion in taxes for EU-15, new data shows
Brussels, 16 April 2018 – The latest data shows that taxation on motor vehicles in the EU-15 is worth €413 billion annually – about three times the total budget of the European Union. This figure is up 4% compared with one year earlier. The data was published today in the 2018 Tax Guide of the… Continue reading Press Releases – Motor vehicles generate €413 billion in taxes for EU-15, new data shows
Publications – ACEA Tax Guide
ACEA’s Tax Guide provides an overview of specific taxes that are levied on motor vehicles in European countries, as well as in other key markets around the world. Given that motor vehicles account for almost €413 billion in tax contributions in the EU-15, the ACEA Tax Guide is an indispensable tool for anyone interested in the… Continue reading Publications – ACEA Tax Guide
Li Shufu: Major shareholder Geely wants to push Daimler into alliance
All articles and backgrounds 04/16/2018 Li Shufu’s major shareholder Geely wants to push Daimler into alliance AP / Song fan – Imaginechina Is convinced of the value of further cooperation: Geely-chef and Daimler major shareholders Li Shufu One can not say that Dieter Zetsche had just received his new major shareholder Geely with open arms.… Continue reading Li Shufu: Major shareholder Geely wants to push Daimler into alliance
LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year
6 M BY MARK KANE LG Chem announced two joint ventures with China’s Zhejiang Huayou Cobalt to supply battery material for hundreds of thousands of electric cars annually. Cobalt (source: Wikipedia) Zhejiang Huayou Cobalt is the world’s largest producer of refined cobalt (20,000 tons in 2017) and LG Chem needs a lot of cobalt these… Continue reading LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year
Elon Musk agrees robot glut slowed Model 3 production
Tesla’s affordable Model 3 has been trapped in development hell for what seems like ages now, and in an interview with CBS’s Gayle King, CEO Elon Musk offered a little more insight into how the production process has fallen short. While escorting King through the company’s Fremont, California-based factory, Musk conceded that Tesla might’ve been… Continue reading Elon Musk agrees robot glut slowed Model 3 production
Tougher MOT tests from May will put diesel drivers in the firing line
Motoring A raft of strict checks will lead to more cars failing, with tougher emission measures likely to catch out diesel vehicles Drivers could be left fuming after new MOT tests are introduced. Photograph: Alamy A tough new MOT testing system for 30m cars on Britain’s roads starts on 20 May – threatening expensive bills for… Continue reading Tougher MOT tests from May will put diesel drivers in the firing line
Singapore orders Grab to delay closing Uber app for an additional 3 weeks
Grab’s plan to shutter Uber’s app quickly following its merger deal in Southeast Asia has hit another snag in Singapore where the ride-hailing firm has been forced to delay closing its rival’s service until May 7. This is the second time that Grab has pushed back the removal of Uber’s app in Singapore, which was initially… Continue reading Singapore orders Grab to delay closing Uber app for an additional 3 weeks
Marchionne: Don't expect next Fiat Chrysler CEO to be named until 2019
CLOSE Speculation about the future of Fiat Chrysler Automobiles has increased dramatically over the past week with reports first suggesting Jeep could be sold to a Chinese automaker and now reports that Alfa Romeo and Maserati could be spun off into a stand alone company. The various reports have been prompted, in part, by recent… Continue reading Marchionne: Don't expect next Fiat Chrysler CEO to be named until 2019