“In the first half of this year, we will establish a North American sales company that will be responsible for developing the dealership network,” Mr. Jun said. “We will explore all sorts of channels including partnering with F.C.A. as well as others.” Sergio Marchionne, Fiat Chrysler’s chief executive, said his company was ready to assist… Continue reading Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
Tag: M and A
Geely to Use Volvo’s Europe Plants to Manufacture New Car Brand
Zhejiang Geely Holding Group Co. Ltd. and its Volvo Cars unit will make Lynk & Co vehicles at Volvo plants in Europe, according to one company executive. Details of the plan will be unveiled this year, according to Geely CEO An Conghui, who also said the automaker is considering setting up its own factory on… Continue reading Geely to Use Volvo’s Europe Plants to Manufacture New Car Brand
Strong acceleration in 2017: Groupe PSA worldwide sales up 15.4%
• Groupe PSA sold 3,632,3001 vehicles worldwide• 4th consecutive year of improvement in Groupe PSA sales• Successful SUV product offensive supporting the Group’s profitable growth• Strengthening European leadership in Light Commercial Vehicles (LCV) for PEUGEOT and CITROËN, with a 20.2% market share The Push to Pass plan’s SUV offensive accelerates and the five SUV models… Continue reading Strong acceleration in 2017: Groupe PSA worldwide sales up 15.4%
BlackBerry launches cybersecurity software for self-driving cars
(Reuters) – Canadian software maker BlackBerry Ltd on Monday launched a new cybersecurity software, which identifies vulnerabilities in programs used in self-driving cars. The product, called Blackberry Jarvis, is being marketed first to automakers – a group of customers the former smartphone maker is hoping will power its turnaround efforts – but could also have… Continue reading BlackBerry launches cybersecurity software for self-driving cars
UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCA) (FCHA.MI) (FCAU.N) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. “We’re not going to break up… Continue reading UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
Fiat Chrysler boss says no plans to break up company
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit. Speaking at the Detroit auto show, Chief Executive Sergio… Continue reading Fiat Chrysler boss says no plans to break up company
Renault beats its third consecutive sales record
Renault and its Nissan and Mitsubishi partners will they be able to claim first step of the podium of automakers in 2017 ? It will be necessary to wait for the commercial results of the other actors, at the beginning of February, to know it, but the French manufacturer will in any case largely made… Continue reading Renault beats its third consecutive sales record
Faurecia and MAHLE to collaborate on technologies for thermal management of the Cockpit of the Future
Within the framework of this cooperation, Faurecia will bring its unique expertise as a full interior system integrator. MAHLE adds its holistic thermal expertise for passenger comfort and energy efficiency. The two companies have already identified several potential collaboration fields addressing topics such as air distribution, air conditioning integration solutions for electric vehicles and the… Continue reading Faurecia and MAHLE to collaborate on technologies for thermal management of the Cockpit of the Future
Shell Acquires Interest in Silicon Ranch Corporation
NASHVILLE, Tenn., Jan. 15, 2018 /PRNewswire/ — Silicon Ranch Corporation, a leading U.S. developer, owner, and operator of solar energy plants, announced today that it has signed an agreement to make Shell its largest shareholder. As part of the agreement, Shell will acquire a 43.83% interest in Silicon Ranch from Partners Group, the global private markets… Continue reading Shell Acquires Interest in Silicon Ranch Corporation
New acquisition for D’Ieteren
Distribution By Tanguy Merrien, the 15/01/2018 The Belgian distribution group takes over the Rietje group, distributor of the Audi, Volkswagen and Skoda brands. The D’Ieteren group is developing in the Volkswagen group brands. Indeed, the Belgian operator takes over the entire Rietje group, distributor of the Audi, Volkswagen, Volkswagen Utilities and Skoda brands between Mechelen… Continue reading New acquisition for D’Ieteren