Toyota Motor Corporation (Toyota) and ALBERT Inc. (ALBERT) announce today that both companies have agreed on a business alliance for big data analysis, mainly in the field of advanced development of automated driving technology, and that Toyota will invest in ALBERT. Toyota’s investment in ALBERT is expected to be in the amount of 400 million… Continue reading Toyota to Invest in ALBERT
Tag: M and A
Cummins forms a JV with JAC Motors after 20 years of business alliance
Cummins and Anhui Jianghuai Automobile (JAC Motors)announced that the two parties will form a 50:50 joint-venture after Cummins purchased Navistar’s 50 percent equity of the JAC-Navistar diesel engine company (JND). Steve Chapman, Cummins Group vice president, China and Russia said, “Cummins and JAC share similar values and are both committed to bringing our customers the… Continue reading Cummins forms a JV with JAC Motors after 20 years of business alliance
Via launches city-sponsored rideshare service across West Sacramento
Via is revolutionizing public transportation in West Sacramento, California, by partnering with the city to offer on-demand shared rides. Starting on May 14, residents can book a ride in real time through the Via app and get picked up in a shared Mercedes-Benz van – all as part of the city’s transit offering. West Sacramento… Continue reading Via launches city-sponsored rideshare service across West Sacramento
Opel is at the right PACE!
*/ ]]> Opel Post: Mr. Lohscheller, our turnaround plan PACE! has now been under execution for six months. How is its implementation progressing? Michael Lohscheller: We are making good progress and are moving rapidly. We presented PACE! on November 9 last year only 100 days after the merger. And we immediately start with its implementation.… Continue reading Opel is at the right PACE!
Nissan ensures no merger with Renault is scheduled
This is the question that obsesses Japanese journalists. While presenting on Monday in Yokohama, the annual results of the manufacturer, Hiroto Saikawa, the CEO from Nissan, had to answer the interrogations of the reporters on the possible project of a merger of the Japanese group with the French Renault, with which it shares a delicate… Continue reading Nissan ensures no merger with Renault is scheduled
“PACE! is working”
*/ ]]> Opel Post: Mr. Lohscheller, half a year now our turnaround plan PACE! in front. How does it work with the implementation? Michael Lohscheller: We are making good progress. We are driving at a fast pace. Already 100 days after the merger, on the 9th of November last year, we have PACE! presented. And… Continue reading “PACE! is working”
BMW 8 Series shown alongside M8 GTE ahead of debut
The BMW 8 Series has been shown undisguised in a murky preview shot, a month ahead of its official reveal at the 24 Hours of Le Mans on 15 June. The image shows the car alongside its race-going M8 GTE sibling, which will be competing in the event. Most recently revealed amongst th 8 Series’ innovations is a digital instrument cluster as part… Continue reading BMW 8 Series shown alongside M8 GTE ahead of debut
Geely considering dual-location stock market flotation of Volvo
Chinese car giant Geely is considering floating Volvo on the Hong Kong and Stockholm stock exchanges. According to Bloomberg, the burgeoning Swedish brand’s parent company has consulted three major banking firms – Goldman Sachs, Citigroup and Morgan Stanley – on the possible move. Sources disclosed that a company value of between £12 billion and £22 billion is… Continue reading Geely considering dual-location stock market flotation of Volvo
Nissan reports full-year results for fiscal year 2017
YOKOHAMA, Japan (May 14, 2018) – Nissan Motor Co., Ltd. today announced financial results for the 12-month period to March 31, 2018. For the first nine months of the fiscal year, the company faced significant costs associated with special items, inventory adjustments and negative pricing trends; however, a partial recovery was achieved due to solid… Continue reading Nissan reports full-year results for fiscal year 2017
Singapore auto marketplace Carro closes $60m Series B led by SoftBank Korea, others
May 14, 2018 Singapore’s online automotive marketplace Carro on Monday announced that it has secured a series B funding of $60 million in a round led by Softbank Ventures Korea, Insignia Ventures Partners and B Capital Group. The deal was also participated by the family office of Manik Arora (Founder of IDG Ventures India), while existing… Continue reading Singapore auto marketplace Carro closes $60m Series B led by SoftBank Korea, others