GENEVA (Reuters) – Volkswagen (VOWG_p.DE) managers discussed changing the corporate structure of its trucks business last week, a step needed for an eventual separate listing, a source close to the company said. FILE PHOTO: A Volkswagen logo is pictured at Volkswagen’s headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal Hanschke/File Photo The trucks board debated… Continue reading VW examines trucks structure ahead of possible IPO -source
Tag: Strategy
VW Weighs Strategic Options for Truck Division Revamp
Volkswagen AG officials are discussing options to prepare the truck division for access to the capital markets, potentially paving the way for an initial public offering of shares or a bond sale by the unit, according to people familiar with the matter. Deliberations at a meeting last week included changing the division’s legal structure to… Continue reading VW Weighs Strategic Options for Truck Division Revamp
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
Japan H2 Mobility, LLC Established by Eleven Companies
Toyota Motor CorporationNissan Motor Co. Ltd.Honda Motor Co. Ltd.JXTG Nippon Oil & Energy CorporationIdemitsu Kosan Co. Ltd.Iwatani CorporationTokyo Gas Co. Ltd.Toho Gas Co. Ltd.Air Liquide Japan Ltd.Toyota Tsusho CorporationDevelopment Bank of Japan Inc. The below-mentioned 11 companies have today announced joint establishment of “Japan H2 Mobility, LLC (hereinafter JHyM)”, aimed at the full-fledged development of… Continue reading Japan H2 Mobility, LLC Established by Eleven Companies
The death of diesel: can struggling industry woo back consumers?
Automotive industry Amid fears about pollution, penalties and bans, buyers are abandoning diesel cars in droves Experts predict diesel’s UK market share will drop from one in two cars sold to one in seven by 2025. Photograph: Martin Meissner/AP No customers were troubling the Jaguar showroom in Welwyn Garden City on Friday, at the start… Continue reading The death of diesel: can struggling industry woo back consumers?
1.3 TCe: a new petrol engine co-developed as part of the collaboration between the Alliance and Daimler
Friday 02 March 2018 by Emmanuel GENTY – Cars Emmanuel GENTY Share on Twitter Share on Facebook Share on LinkedIn Share on Pinterest The result of a successful collaboration between the Alliance and Daimler, the 1.3 TCe is a key new petrol engine for Groupe Renault. Making its debut in the Renault range on Scénic… Continue reading 1.3 TCe: a new petrol engine co-developed as part of the collaboration between the Alliance and Daimler
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
UPDATE 1-Uber abandons effort to have UberPOP reinstated in Germany
FRANKFURT (Reuters) – Ride-hailing firm Uber [UBER.UL] said it has withdrawn an appeal lodged with Germany’s high court to have its UberPOP service reinstated as part of a broader strategy shift to work with drivers licensed to carry paying passengers. The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White… Continue reading UPDATE 1-Uber abandons effort to have UberPOP reinstated in Germany
New power from Detroit for Daimler-trucks in North America
Stuttgart/Redford, Michigan – In February, Daimler Trucks North America (DTNA) subsidiary Detroit Diesel Corporation increased their engine-portfolio. The Detroit DD8 is built in the Detroit components plant and powers medium-duty trucks. Depending on output, the six-cylinder engine with 7.7 liter displacement releases between 260 and 350 hp. By introducing the DD8, Daimler is ahead of… Continue reading New power from Detroit for Daimler-trucks in North America
Vantage buys Toyota dealerships from Charles Clark Motors
Vantage Motor Group has acquired the Toyota and Lexus businesses of Charles Clark Motors in Wolverhampton for an undisclosed sum. Vantage, rated 59 in the Motor Trader Top 200 with annual revenues of £262m, already has Toyota centres close by in Tamworth, Solihull and Birmingham where it also has a Lexus dealership. Vantage, which is… Continue reading Vantage buys Toyota dealerships from Charles Clark Motors