Working closely with Y-Risk to maximize efficiencies in its insurance program, HyreCar significantly reduced its costs, secured increased capacity, and enhanced insurance features that allow two new service tiers that better address the needs of customers. Photo via Depositphotos. HyreCar and Y-Risk, a brand of The Hartford, have renewed their parntership that supplies HyreCar with a multi-faceted… Continue reading HyreCar Renews Insurance Partnership
Tag: M and A
BMW Group sales up 2.8% in March, beating market trends in several major markets
Munich. March 2019 was the best-ever single sales month in the BMW Group’s history with a total of 263,319 premium BMW, MINI and Rolls-Royce vehicles delivered to customers, an increase of 2.8% on the same month last year. Across the first quarter of the year, the company maintained sales at last year’s high level, with… Continue reading BMW Group sales up 2.8% in March, beating market trends in several major markets
Webasto takes over from Donghee in its largest acquisition in Korea
Webasto takes over from Donghee in its largest acquisition in Korea
Renault, Nissan and Mitsubishi: a summit to get back to work
This had never been done, and one wonders why. Jean-Dominique Senard, the new president of Renault, invited this Thursday evening to dinner staffs and directors of Renault, Nissan and Mitsubishi in full force. The feasts must take place on the Champs-Elysées, at Atelier Renault. A friendly and inexpensive way to try to pick up the… Continue reading Renault, Nissan and Mitsubishi: a summit to get back to work
Volkswagen eyes big stake in China partner JAC, taps Goldman: sources
HONG KONG/FRANKFURT (Reuters) – Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said. FILE PHOTO: FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen… Continue reading Volkswagen eyes big stake in China partner JAC, taps Goldman: sources
Nidec to Acquire DESCH Antriebstechnik GmbH & Co. KG and Its Group Companies
FOR IMMEDIATE RELEASE
Nidec Corporation
Tokyo Stock Exchange code: 6594
Contact:
Masahiro Nagayasu
General Manager
Investor Relations
+81-75-935-6140
ir@nidec.com
Released on February 1, 2019, in Kyoto, Japan
Nidec to Acquire DESCH Antriebstechnik GmbH & Co. KG and Its
Group Companies
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has agreed to acquire a 70% ownership of a privately owned German company, DESCH Antriebstechnik GmbH & Co. KG and its group companies in Germany and China (collectively “DESCH”), from its owners on January 31, 2019 (the “Transaction”) through Nidec-Shimpo GmbH, a Germany-based affiliate of Nidec’s subsidiary, Nidec-Shimpo Corporation. Details are as follows:
1. Outline of DESCH
(1) Company Name:
DESCH Antriebstechnik GmbH & Co. KG and its group companies
(2) Headquarters:
Arnsberg, Germany
(3) Foundation:
1906
(4) Directors:
Hendrik Desch, CEO
Olaf Desch, Managing ..
Ford CEO confession: We “overestimated” the arrival of self-driving cars – Fast Company
“We overestimated the arrival of autonomous vehicles,” he said, adding that “its applications will be narrow, what we call geo-fenced, because the problem is so complex.” He still thinks that self-driving cars will arrive eventually, and that they will change the world. Ford has pledged to invest $1 billion in Argo AI, an artificial intelligence… Continue reading Ford CEO confession: We “overestimated” the arrival of self-driving cars – Fast Company
Uber trims valuation by $30bn ahead of float – The Telegraph
Uber has trimmed its potential valuation by up to $30bn (£23bn) ahead of a much-anticipated initial public offering, as a lacklustre listing by rival firm Lyft has led the taxi-hailing app to cut back its estimates. Investment bankers and analysts have previously estimated Uber to go public at a valuation of up to $120bn in… Continue reading Uber trims valuation by $30bn ahead of float – The Telegraph
Online used car startup Shift adds another $40M, snags COO in road to IPO
Online used car startup Shift Technologies has tacked on another $40 million in equity funding, hired a new COO with Amazon and Enjoy roots and scaled up its engineering staff — all in the past several months — as the company aims to double its revenue this year. The recent activity, along with what executives… Continue reading Online used car startup Shift adds another $40M, snags COO in road to IPO
SK in talks over battery ventures with Volkswagen, China partners – Automotive News Europe
SEOUL — SK Innovation is in talks to set up separate battery-making joint ventures with Volkswagen and Chinese partners, as the South Korean petrochemicals producer aggressively expands its involvement in electric vehicles. The company confirmed talks with Volkswagen for the first time, saying the two companies were discussing building a factory together. The JV would… Continue reading SK in talks over battery ventures with Volkswagen, China partners – Automotive News Europe