All articles and backgrounds 05/03/2018 Truck on course IPO Volkswagen plans to make the truck division a member of the AG in March Scania Scania trucks The Volkswagen Group wants to bring its truck and bus business with the brands Scania and MAN media reports on the stock market. Later this month, the transformation of… Continue reading Trucks on course IPO: Volkswagen plans to make the truck division a member of the AG in March
Tag: M and A
Dana Wins Contract to Supply All-Wheel-Drive Axle for New Volkswagen Crafter Van
BIRMINGHAM, England, March 5, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) is supplying its Spicer® AdvanTEK® M180 all-wheel-drive axle to the new, award-winning Volkswagen Crafter 4 Motion panel van. The axle – manufactured at Dana’s Birmingham, England, facility – provides exceptional reliability, durability, comfort, and efficiency in a compact design to meet stringent performance requirements throughout… Continue reading Dana Wins Contract to Supply All-Wheel-Drive Axle for New Volkswagen Crafter Van
CO2, a sword of Damocles for car manufacturers
A real time bomb. On the eve of the opening of the car show favorite fans of big cars “premium”, this Tuesday in Geneva, the question is in every head at the car manufacturers: how to meet the European targets for CO2 emissions in 2021? Because the deadline is approaching. The sword of Damocles billions… Continue reading CO2, a sword of Damocles for car manufacturers
Toyota Motor Corporation to Merge Three Information Technology Subsidiaries and Create Comprehensive IT Solutions Company
Toyota Motor Corporation (TMC) announces a mutual agreement to merge three of its information technology (IT) subsidiaries as of January 1, 2019. The three companies involved in the merger are Toyota Communication Systems Co., Ltd. (TCS), Toyota Digital Cruise, Inc. (TDC), and Toyota Caelum Inc. (TCI).
Geely drives in for M&A loan
* Loans: Chinese carmaker borrows €3.1bn for stake in Volvo trucks By Yan Jiang HONG KONG, March 3 (IFR) – Zhejiang Geely Holding Group , China’s largest privately owned carmaker, is raising €3.05bn (US$3.8bn) to fund its acquisition of an 8.2% stake in Swedish truckmaker AB Volvo, in one of the country’s biggest outbound investments… Continue reading Geely drives in for M&A loan
Nissan: Why the Alliance will last
“Earlier this week, we announced the latest initiatives to drive convergence within the Alliance. “This important step highlights how the alliance of Groupe Renault, Nissan Motor and Mitsubishi Motors works. After 19 years of existence, the Alliance tells a story of growth. It tells a story of working across cultures in a globalized world. It… Continue reading Nissan: Why the Alliance will last
Toyota starts a new $2.8 billion company to develop self-driving software
Toyota is expanding its pursuit of self-driving cars by starting a new company called Toyota Research Institute-Advanced Development, or TRI-AD. The Japanese automaker is starting the company in conjunction with automotive supplier Aisin Seiki and Denso, and together, they plan to invest $2.8 billion into TRI-AD in the coming years and hire around 1,000 employees… Continue reading Toyota starts a new $2.8 billion company to develop self-driving software
Carlos Ghosn does not rule out a merger of Renault-Nissan-Mitsubishi
builders By Tanguy Merrien, the 02/03/2018 The boss of the Alliance would not seem closed to the idea of a merger between the different members of the group while claiming that “it is not an objective”. Following the announcement of the convergence plan within the AllianceCarlos Ghosn was invited this Friday to our colleagues at… Continue reading Carlos Ghosn does not rule out a merger of Renault-Nissan-Mitsubishi
Deere to acquire leading manufacturer of carbon fiber technology products
MOLINE, Ill., March 2, 2018 /PRNewswire/ — Deere & Company (NYSE: DE) has signed a definitive agreement to acquire King Agro, a privately-held manufacturer of carbon fiber technology products with headquarters in Valencia, Spain and a production facility in Campana, Argentina. “This transaction provides John Deere customers the chance to benefit further from King Agro’s unique… Continue reading Deere to acquire leading manufacturer of carbon fiber technology products
Toyota, group suppliers to form $2.8b self-driving R&D JV
March 2, 2018 Toyota Motor Corp and group suppliers Denso Corp and Aisin Seiki Co said on Friday they would form a joint venture for researching and developing automated-driving technology, investing more than 300 billion yen ($2.8 billion). The Tokyo-based venture will be formed later this month and aim to employ about 1,000 workers, including… Continue reading Toyota, group suppliers to form $2.8b self-driving R&D JV