LAGOS, June 5 (Reuters) – PSA Peugeot Citroen plans to start assembling cars in Nigeria by first quarter of 2019, via a joint venture with Africa’s richest man Aliko Dangote and five state governments, one of the local partners told Reuters. The joint venture, Peugeot Automobile Nigeria (PAN) Ltd, will assemble 3,500 units in its… Continue reading Peugeot to start Nigeria assembly plant by Q1 -local partner
Tag: M and A
Aston Martin: Valkyrie is Marketing for Volume Mid Engine Car
The Aston Martin Valkyrie hypercar will be limited to just 150 units and all of them have already been sold. The Valkyrie will feature aerodynamics penned by Red Bull Racing’s not-so-secret weapon Adrian Newey and a bespoke V12 engine developed by Cosworth. You might think engineering something so complex would be a bit of a… Continue reading Aston Martin: Valkyrie is Marketing for Volume Mid Engine Car
Magna to Produce the new Z4 for the BMW Group
BMW Z4 marks the fifth vehicle nameplate Magna is producing in Graz, Austria, for customersProduction will start at the end of 2018Magna’s unique capabilities make it an ideal mobility partnerSAILAUF, Germany, June 05, 2018 (GLOBE NEWSWIRE) — Magna adds to its contract vehicle manufacturing line-up in Graz, Austria, with the addition of the new BMW… Continue reading Magna to Produce the new Z4 for the BMW Group
Continental increases its investment in DigiLens
Continental is increasing its investment in DigiLens Inc., the Silicon Valley-based company dealing with holographic waveguide projection technology. With its additional investment Continental will hold close to 18% of DigiLens after Series C financing round. Continental first invested in DigiLens in 2016, and through a strategic partnership to jointly develop a waveguide head-up display (HUD) that fulfills… Continue reading Continental increases its investment in DigiLens
TomTom to Integrate what3words Addressing into its Navigation Offering
TU-Automotive, Detroit, MI, USA, June 5, 2018 – TomTom (TOM2) and what3words today announced that they will collaborate to bring what3words addressing to TomTom’s customers globally. what3words is a simple way to talk about location. The world is divided into a grid of 3m x 3m squares and each square is assigned a unique… Continue reading TomTom to Integrate what3words Addressing into its Navigation Offering
Panasonic works to develop cobalt-free electric-car batteries
Tesla gigafactory, March 2016, shown in drone footage posted to YouTube by Above Reno Enlarge Photo One of the most widespread concerns about electric cars centers around the availability and cost of cobalt. Cobalt is an element used in lithium-ion batteries to build stability and increase safety. While the signature element in modern electric-car batteries,… Continue reading Panasonic works to develop cobalt-free electric-car batteries
Battery manufacturer: Daimler supplier Akasol plans IPO in June
FrankfurtThe Darmstadt-based battery system provider Akasol plans to go public in June. This was announced by the company on Tuesday. According to insiders, shares worth 100 to 125 million euros are to be sold to investors. In the IPO Akasol should be valued at 400 to 500 million euros. Akasol’s majority shareholder Sven Schulz wants… Continue reading Battery manufacturer: Daimler supplier Akasol plans IPO in June
Takeover: Webasto invests in charging solutions
By taking over the business unit Charging Stations at AeroVironment, the supplier is strengthening its long-term e-mobility strategy. The Webasto Group has the planned, strategic takeover of the Efficient Energy Systems (EES) business unit of AeroVironment. Again supplierannounced on Tuesday, the purchase price is about 35 million US dollars. With the acquisition of all EES… Continue reading Takeover: Webasto invests in charging solutions
Burrows Motor Company acquires L&S Copcutt Toyota in Worksop
Yorkshire-based Burrows Motor Company has added a fifth Toyota dealership to its network with the acquisition of L&S Copcutt in Worksop.
HERE and Decawave partner on high-accuracy indoor tracking technology
Knowing item locations to within 10 centimeters may seem futuristic, but we’re planning to partner with Decawave to turn sci-fi into reality. There’s nowhere quite like the European Executive Forum to announce an amazing partnership between two titans of industry. HERE and Decawave are pleased to announce that we plan to combine our respective capabilities… Continue reading HERE and Decawave partner on high-accuracy indoor tracking technology