(Adds background, further comments from Tavares, paragraphs 2-7) By Joseph White Jan 18 (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Thursday he planned to meet next week with the automaker’s UK unions and government officials to discuss the future of Peugeot’s Vauxhall plant, where Tavares said production costs are twice those of… Continue reading UPDATE 1-Peugeot CEO: U.K. plants uncompetitive, open to S. America alliance
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Peugeot ‘very open’ to alliance in Latin America – CEO
Jan 18 (Reuters) – Peugeot SA is “very open” to a potential alliance in Latin America, the chief executive of the French automaker, Carlos Tavares, said during a media briefing on Thursday. Tavares declined to say whether Peugeot planned to discuss a partnership with Ford Motor Co. His remarks come two days after Ford executives… Continue reading Peugeot ‘very open’ to alliance in Latin America – CEO
New market potentials in Africa – Volkswagen founds company for mobility solutions in Rwanda
Volkswagen founds company for mobility solutions in Rwanda: Thomas Schäfer, CEO of the Volkswagen Group South Africa, and Claire Akamanzi, CEO of the Rwanda Development Board, at today’s press briefing in Kigali. Volkswagen is taking the next step to develop the African sub-continent: as planned, the brand has founded “Volkswagen Mobility Solutions Rwanda”, a company… Continue reading New market potentials in Africa – Volkswagen founds company for mobility solutions in Rwanda
Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
January 18, 2018 Alphabet Inc’s Google , Singapore state investor Temasek Holdings Pte Ltd and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailing start-up Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors such as global private equity firms KKR & Co LP and Warburg Pincus LLC are also… Continue reading Google, Temasek to join as new investors in Go-Jek’s $1.2b funding round
Millers Oils Ltd acquires Fuel Additive Science Technologies Ltd
Millers Oils Ltd has announced the acquisition of Fuel Additive Science Technologies Ltd (FAST). By acquiring FAST, Millers Oils – the independent blender and supplier of advanced oils, lubricants and fuel treatments – will also take ownership of the established Exocet brand, a range of fuel additives and treatments used in a wide range of… Continue reading Millers Oils Ltd acquires Fuel Additive Science Technologies Ltd
Lucie Vigier Appointed Head of Corporate Finance and Treasury
With effect from February 1st 2018, Lucie Vigier is appointed Head of Corporate Finance and Treasury. She will report to Jean Baptiste de Chatillon, CFO and Member of the Managing Board. Lucie Vigier joined the Groupe PSA in 1990 and was previously appointed Head of Corporate finance in 2012, with remarkable achievements. She contributed to… Continue reading Lucie Vigier Appointed Head of Corporate Finance and Treasury
Uber partners with taxi firm ComfortDelGro for new Singapore service
SINGAPORE (Reuters) – Uber Technologies [UBER.UL] and Singapore’s top taxi operator ComfortDelGro Corp Ltd will launch a new ride-hailing service in Singapore from Friday, as they team up against their key regional rival Grab. UberFLASH, that will connect riders to drivers closest to them – either a private vehicle or a taxi, is the first… Continue reading Uber partners with taxi firm ComfortDelGro for new Singapore service
UPDATE 2-Peugeot CEO outlines ambitious plan to re-enter U.S., go electric
DETROIT (Reuters) – Peugeot SA (PEUP.PA) Chief Executive Carlos Tavares said on Wednesday the French automaker is using the know-how of former Opel engineers acquired from General Motors Co (GM.N) to develop vehicles to re-enter the U.S. market, and said Peugeot will offer electrification as an option on all its vehicles by 2025. Tavares used… Continue reading UPDATE 2-Peugeot CEO outlines ambitious plan to re-enter U.S., go electric
UPDATE 1-Peugeot CEO: All PSA vehicles will electrified by 2025
DETROIT (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Wednesday that by 2025 “the PSA Group will be 100 percent electrified,” and said the French automaker will use the know-how of former Opel engineers acquired from General Motors Co (GM.N) to design vehicles for the U.S. market that would compete in GM’s home… Continue reading UPDATE 1-Peugeot CEO: All PSA vehicles will electrified by 2025
Hyundai Motor Group to Invest $21.6 Billion into New Businesses for Next 5 Years
Hyundai Motor Group is planning to invest $21.6 billion (23 trillion KRW) into five new businesses such as robot, AI (Artificial Intelligence), Smart Car and others for the next five years and this is the first time when Hyundai Motor Company made its plan to commercialize robot and AI fields official. South Korean Government is… Continue reading Hyundai Motor Group to Invest $21.6 Billion into New Businesses for Next 5 Years