Brabham Automotive has released a new preview image of its upcoming BT62 hypercar, which is due to be revealed next week. The new picture is of the car’s badge and follows another image that showed the rear LED lights and a large carbonfibre rear wing in darkness. Brabham describes its model as a “low-slung, race-inspired car”. It will cost… Continue reading Brabham BT62: 5.4-litre V8-powered hypercar due next week
Tag: M and A
Hyundai Mobis outlines growth plans in line with group’s streamlining
SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, on Thursday outlined its growth plans in line with its parent Hyundai Motor Group’s broad governance restructuring program. The move comes after Hyundai Motor Group announced last month that auto parts supplier Hyundai Mobis will spin off its domestic… Continue reading Hyundai Mobis outlines growth plans in line with group’s streamlining
Nissan CEO says ‘no merit’ in merger with Renault
Sources told Reuters in March that the automakers were discussing plans for a closer tie-up in which Nissan would acquire the bulk of the French state’s 15 per cent Renault holding. Nissan Motor Co’s chief executive dismissed the idea of merging the Japanese automaker with its alliance partner Renault, emphasizing the importance of independence as… Continue reading Nissan CEO says ‘no merit’ in merger with Renault
LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP
EUR 1.1 Billion Deal Largest in LG’s 60 Year History SEOUL, Apr. 26, 2018 ― Earlier today, the Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG’s largest acquisition to date. Under the terms… Continue reading LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP
Nissan production, sales and exports for March 2018 and April 2017-March 2018
YOKOHAMA, Japan (April 26, 2018) – Nissan Motor Co., Ltd. today announced production, sales and export figures for March 2018 and for the 12 months ended March 31. “The April 2017–March 2018 period set global production and sales records yet again,” said Executive Vice President Daniele Schillaci, global head of marketing and sales. “The strong… Continue reading Nissan production, sales and exports for March 2018 and April 2017-March 2018
Geely, Aisin sets up automatic transmission JV
A Geely Emgrand EV300 is on display at an auto exhibition in Fuzhou, East China’s Fujian province, June 19, 2017. [Photo/VCG] HANGZHOU – Chinese automaker Geely on Wednesday announced that it has signed a deal to set up an automatic transmission joint venture with Japan’s Aisin AW. The joint venture has a registered capital of… Continue reading Geely, Aisin sets up automatic transmission JV
Organic growth strengthens transformation of the MAHLE Group
Strong organic growth of 6.4 percent Sales rise to EUR 12.8 billion Increase in earning power Ongoing consistent focus on dual strategy Fresh culture of innovation for the mobility of tomorrow Steady growth for MAHLE MAHLE again achieved a record high and consolidated its market position among the world’s 20 largest automotive suppliers. It is… Continue reading Organic growth strengthens transformation of the MAHLE Group
BMW China integrates BMW Connected into Tmall Genie.
Munich/Beijing. BMW Connected seamlessly integrates customers’ cars into their digital lives all over the world. And at this year’s Beijing Auto Show the BMW Group in China is demonstrating how BMW Connected has now been linked up to a Chinese ecosystem – through integration into Tmall Genie, the first smart voice assistant developed by Alibaba… Continue reading BMW China integrates BMW Connected into Tmall Genie.
Didi appoints one of its execs to lead ride-hailing service 99
Didi, the Chinese transportation behemoth that acquired Brazilian ride-hailing service 99 back in January, has replaced 99’s chief executive with one of its own, Recode first reported. Stepping in to replace Peter Fernandez is Tony Qiu, who most recently oversaw Didi’s luxury business. Before joining Didi, Qiu had stints at Morgan Stanley and Bain Capital. Fernandez… Continue reading Didi appoints one of its execs to lead ride-hailing service 99
Press release – Q1 2018 Sales
Consolidated sales up 3% to 4.9 billion euros in first-quarter 2018 Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, commented: “In line with the medium-term growth plan presented in London in February 2017, Valeo’s organic growth will accelerate in 2018 and 2019, supported by our order intake, especially in the fields of vehicle electrification and… Continue reading Press release – Q1 2018 Sales