Companies to collaborate on building unique fleet and jointly explore mobility solutions in global markets Strategic partnership also aims to develop EVs and charging infrastructure customized for Indian market Partnership to nurture micro-entrepreneurship opportunities by providing access to customized Hyundai and Kia vehicles as well as financing and insurance benefits for driver-partners Hyundai Motor Group… Continue reading Hyundai and Kia Invest $300m in India’s Largest Mobility Service Provider Ola
Tag: M and A
Peugeot ready to support a PSA offensive
They agree with the applied historical epithet PSA’s latest financial results. Six years after the eventual rescue of the automaker then under water, members of the Peugeot bicentennial dynasty can only congratulate the return to grace of the group led by Carlos Tavares. “The Opel operation is an exceptional success, we did not think that… Continue reading Peugeot ready to support a PSA offensive
INEOS Projekt Grenadier 4×4 on track for 2020 reveal, production in 2021 – Autoblog – Autoblog
The pursuit for a proper philosophical successor to the Land Rover Defender continues under the auspices of billionaire British businessman Jim Ratcliffe. In the past two years, Ratcliffe’s chemical company INEOS has created the standalone division INEOS Automotive, put CEO Dirk Heilmann in charge of a team of auto industry veterans, and contracted with MBtech… Continue reading INEOS Projekt Grenadier 4×4 on track for 2020 reveal, production in 2021 – Autoblog – Autoblog
GM Cruise snags Dropbox HR head to hire at least 1,000 engineers by end of year
GM Cruise plans to hire hundreds of employees over the next nine months, doubling its engineering staff, TechCrunch has learned. It’s an aggressive move by the autonomous vehicle technology company to double its size as it pushes to deploy a robotaxi service by the end of the year. Arden Hoffman, who helped scale Dropbox, will… Continue reading GM Cruise snags Dropbox HR head to hire at least 1,000 engineers by end of year
Workhorse Group Reports Fourth Quarter and Full Year 2018 Results
CINCINNATI, March 18, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the fourth quarter and full year ended December 31, 2018. Full Year 2018 and Recent Operational Highlights by Product Trucks… Continue reading Workhorse Group Reports Fourth Quarter and Full Year 2018 Results
GM considers options for its Lyft stake following IPO
DETROIT (Reuters) – As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion. The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January… Continue reading GM considers options for its Lyft stake following IPO
Lyft sets $62-68 price range for its IPO to raise up to $2.1B, will trade as LYFT on Nasdaq
Ride-sharing startup Lyft, as expected, announced this morning that it is kicking off the roadshow for its IPO — setting the clock ticking for its IPO likely in the next two weeks. Around that, it also filled in some more details. The stock will trade as “LYFT” on Nasdaq, and the IPO range is currently set for… Continue reading Lyft sets $62-68 price range for its IPO to raise up to $2.1B, will trade as LYFT on Nasdaq
Car manufacturers: dispute at Opel escalates – employee representatives reject negotiations with Segula
Protests against sales plans in December 2018 2,000 of the 7,000 engineers currently employed by Opel at its headquarters in Rüsselsheim are to be outsourced to Segula by the summer of 2019. (Photo: AP) MunichThe managers of Opel and Segula agree: your project is a “triple win”. Everyone will benefit: the hessian automaker, the French… Continue reading Car manufacturers: dispute at Opel escalates – employee representatives reject negotiations with Segula
Fight for 2000 Jobs: Dispute at Opel escalates – no negotiations with Segula
Protests against sales plans in December 2018 2000 of the 7000 engineers that Opel currently employs at its headquarters in Rüsselsheim are to be outsourced to Segula by the summer of 2019. (Photo: AP) MunichThe managers of Opel and Segula agree: your project is a “triple win”. Everyone will benefit: the hessian automaker, the French… Continue reading Fight for 2000 Jobs: Dispute at Opel escalates – no negotiations with Segula
Harwoods Group acquires Inchcape site for new Aston Martin dealership
Harwoods Group has confirmed that construction of a new Aston Martin dealership will start on the former Ford Transit factory in Southampton after it acquired part of the site from Inchcape. The £1.7 million land purchase by commercial property consultancy Vail Williams LLP, on behalf of automotive retailer Harwoods Group, signalled the green light for the… Continue reading Harwoods Group acquires Inchcape site for new Aston Martin dealership