Tag: M and A

Networking and cloud services: Siemens joins alliance of VW and Amazon

DPA Volkswagen production: Amazon is to network the machines and systems of the car manufacturer worldwide – and Siemens supplies the hardware Prestigious order for Siemens Show stock market chart : The industrial group is to network the 122 Volkswagen plants with its “Digital Factory”, thereby creating the technical basis for the planned productivity gains.… Continue reading Networking and cloud services: Siemens joins alliance of VW and Amazon

SEAT will launch six electric and plug-in hybrid models and develop a new platform in Spain for electric vehicles

SEAT obtains its highest ever profit after tax of close to 300 million euros and its turnover nears 10 billion euros, the highest in history In 2018, the company allocated more than 1.2 billion euros to investments and R&D expenses, a record figure The new CUPRA Formentor will be produced at the SEAT factory in… Continue reading SEAT will launch six electric and plug-in hybrid models and develop a new platform in Spain for electric vehicles

Volkswagen also to cooperate with Siemens for Industrial Cloud

The Siemens technology group is to be the integration partner for the Volkswagen Industrial Cloud. This was announced by Volkswagen and Siemens today. Siemens will play a key role in ensuring that machinery and equipment of different manufacturers at the 122 Volkswagen plants are networked efficiently in the cloud. The resulting data transparency and analysis… Continue reading Volkswagen also to cooperate with Siemens for Industrial Cloud

Lyft Completes its IPO

Jaguar Land Rover’s venture capital arm InMotion Ventures invested in Lyft’s Series G in June 2017, paying $32.15 per share. Sebastian Peck, Managing Director, InMotion Ventures, said: “Today’s IPO is a real milestone for our industry. App-based ride hailing, which began barely a decade ago, has had a fundamental impact on the transportation ecosystem, and… Continue reading Lyft Completes its IPO

Inside the Tensions at Carlos Ghosn’s Nissan

TOKYO — It was 2011, and Carlos Ghosn was preparing his automotive empire for its most ambitious phase yet. Under his plan, within five years, one of every 12 cars sold around the world would be made by Nissan of Japan. To achieve that goal and cut costs relentlessly, he said, Nissan would have to… Continue reading Inside the Tensions at Carlos Ghosn’s Nissan

Grab is talking to Ant Financial and PayPal about spinning out its financial services business

Grab, the $16 billion-valued ride-hailing firm that acquired Uber’s Southeast Asia business last year, is in talks with Alibaba’s Ant Financial and PayPal as it considers spinning out of its financial services unit to double down on its non-transportation business, TechCrunch has learned. The seven-year-old company’s coming-of-age moment was a deal to buy Uber’s regional… Continue reading Grab is talking to Ant Financial and PayPal about spinning out its financial services business

CFAO accelerates in car distribution in Africa

It will be a powerful boost! CFAO, a subsidiary of conglomerate Japanese Toyota Tsusho Corporation (TTC) operating mainly in Africa , announces on Thursday the entry into exclusive negotiations with the South African group in difficulties Steinhoff (owner of Conforama in particular) to acquire 74.9% of the capital of its car distribution company in South… Continue reading CFAO accelerates in car distribution in Africa

UPDATE 2-Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing

A logo of General Motors is pictured at its plant in Silao, in Guanajuato state, Mexico, November 9, 2017. REUTERS/Edgard Garrido SEOUL (Reuters) – A South Korean supplier of Tesla Inc said on Friday it had agreed to buy a shuttered auto factory from General Motors’ local unit to start contract manufacturing of electric vehicles.… Continue reading UPDATE 2-Tesla supplier agrees to buy GM’s S.Korean plant for EV manufacturing

Press: ZF signs definitive agreement to acquire WABCO

WABCO is a leading global supplier of braking control systems, technologies and services that improve safety, efficiency and connectivity of commercial vehicles including trucks, buses and trailers. Its diverse products and services include integrated braking systems and stability control, air suspension systems, transmission automation controls, as well as aerodynamics, telematics, and fleet management solutions. WABCO,… Continue reading Press: ZF signs definitive agreement to acquire WABCO