Intel is making strides with its China business in the automotive and autonomous driving industry, with new partnerships announced today at CES 2018 with Chinese automaker SAIC, and also with the leading navigational map player in China, called Navinfo to integrate and localize REM data. These partnerships give Intel a key means of additional access… Continue reading Intel and Mobileye partner with China’s SAIC on self-driving
Tag: M and A
Aston Martin Seeks $6.8 Billion Value in Potential IPO
Aston Martin is targeting a valuation of as much as 5 billion pounds ($6.8 billion) in a potential initial public offering of the British sports car maker, according to people familiar with the matter. The manufacturer has held preliminary talks with advisers about a valuation including debt that would put it on par with Ferrari NV,… Continue reading Aston Martin Seeks $6.8 Billion Value in Potential IPO
FAW-VW sells over 2m cars in 2017
CHANGCHUN – The Sino-German auto joint venture FAW-Volkswagen (FAW-VW) saw its sales volume exceeding 2 million in 2017, up by 5 percent year-on-year, the company said Friday. According to the company, based in Changchun of Northeast China’s Jilin province, it sold over 1.405 million Volkswagen cars and 595,288 Audi cars, registering an annual growth of… Continue reading FAW-VW sells over 2m cars in 2017
GAC Honda to buy out other Honda China stakeholders
Visitors look at a Honda CR-V at an auto show in Dongguan, Guangdong province. [Photo provided to China Daily] Joint venture GAC Honda Automobile is moving to take over Honda Automobile (China), enhancing its productivity with the additional capacity of the Japanese brand’s currently plant in Guangzhou, Guangdong province. GAC Group has approved a deal to… Continue reading GAC Honda to buy out other Honda China stakeholders
Fiat Chrysler boosted by Jeep growth expectations
MILAN (Reuters) – Fiat Chrysler (FCHA.MI)(FCA) shares hit a record high on Monday on growing expectations that the carmaker’s coveted Jeep brand will unlock even greater value this year. The stock jumped more than 20 percent last week on a bullish outlook for the auto sector and media speculation that Chief Executive Sergio Marchionne’s final… Continue reading Fiat Chrysler boosted by Jeep growth expectations
Toyota Launches New Mobility Ecosystem and Concept Vehicle at CES 2018
Toyota President Akio Toyoda today announced a new mobility service business alliance at CES 2018, the global technology showcase in Las Vegas. He also revealed details of a new e-Palette Concept Vehicle, designed to meet the demands of future multi-mode transport and business applications. He said: “The automobile industry is clearly amid its most dramatic… Continue reading Toyota Launches New Mobility Ecosystem and Concept Vehicle at CES 2018
China’s FAW Car Buys 10% Stake In Mobike’s Car-sharing Unit Mobike Chuxing
FAW Car Co Ltd., a Shenzhen Stock Exchange-listed passenger car maker will take a 10% stake in bike-sharing firm Mobike’s new car-sharing unit Mobike Chuxing Technology Co, according to a securities filing by FAW. Mobike’s venture in to car sharing could place it in direct competition with China’s largest ride sharing firm Didi Chuxing. The value of… Continue reading China’s FAW Car Buys 10% Stake In Mobike’s Car-sharing Unit Mobike Chuxing
Volkswagen plans to dismiss all temporary contract workers in German plants
Volkswagen plans to dismiss all temporary contract workers in German plants By Dietmar Henning 8 January 2018 On 4 January, the Tagesschau newspaper reported that the Volkswagen Group plans to dismiss its entire temporary contract workforce by 2020. The move is a consequence of the “Future Pact” agreed by VW, the IG Metall union… Continue reading Volkswagen plans to dismiss all temporary contract workers in German plants
McLaren Automotive achieves another year of record sales in 2017
5 Jan 2018 McLaren Automotive, the British creator of luxury sports cars and supercars, has recorded another record year of growth, selling a total of 3,340 cars in 2017. Around two-thirds of sales are attributed to the Sports Series family, the vast majority of which are new buyers to the brand, with the rest coming… Continue reading McLaren Automotive achieves another year of record sales in 2017
This is going to be the world of the automobile and mobility in 2018
The study2025 Automotive 360º VisionIt is not a crystal ball, but it is a tool that anticipates tendencies of evolution in the automobile sector and mobility. This time we want to share with you some of our impressions for next year, while we take the opportunity to wish you a great 2018. Today we all… Continue reading This is going to be the world of the automobile and mobility in 2018