A technician checks equipment on an assembly line of Contemporary Amperex Technology in Ningde, Fujian province.[Photo/Xinhua] Move to help secure supplies of key raw material, increase production capacity Contemporary Amperex Technology Co Ltd, China’s leading automotive battery maker, has purchased a more than 90 percent stake in a lithium company based in Canada, in a… Continue reading Battery giant buys stake in lithium firm
Tag: M and A
New Lagonda SUV to spearhead Aston Martin’s new EV brand
Aston Martin used te 2018 Geneva Motor Show to launch its new Lagonda luxury brand, and Auto Express can reveal the first model will be an SUV, rather than the saloon car unveiled at the Swiss expo. Hidden away at the back of the Lagonda show stand were 40 per cent scale models of an… Continue reading New Lagonda SUV to spearhead Aston Martin’s new EV brand
INEOS Automotive Announces Appointment of Mbtech as its Engineering Partner for Projekt Grenadier
German company MBtech, a subsidiary of Mercedes Benz, has been awarded the engineering contract for INEOS Automotive�s planned 4×4, announced in September 2017 as Projekt Grenadier.The appointment represents a significant step forward in the realisation of INEOS�s plans to build an uncompromising world class 4×4 vehicle.Over 200 German engineers will be working full-time on the… Continue reading INEOS Automotive Announces Appointment of Mbtech as its Engineering Partner for Projekt Grenadier
New car factory that could come to the North East takes major leap forward
Plans to potentially build a new car factory in the UK have moved closer after billionaire Ineos boss selected a designer for the new ‘spiritual successor’ to the Land Rover Defender. Multibillionaire chemicals tycoon Jim Ratcliffe announced his intention to create a new car factory, and said a base in the North of England was… Continue reading New car factory that could come to the North East takes major leap forward
Lyft is testing a Netflix-style monthly subscription plan
Lyft is testing monthly subscription plans for high-frequency users, a sign that the company is shifting toward a Netflix or Spotify model for transportation. The terms of the subscription models seem to vary, but appear targeted at users who spend up to $450 on ride-hailing a month. One all-access pass offered up to 30 standard… Continue reading Lyft is testing a Netflix-style monthly subscription plan
Conferma partners with Karhoo
Fintech company Conferma has announced a partnership with ground transportation provider Karhoo to streamline ground transport payments. Conferma’s integration into the Karhoo suite of tools will allow travellers and companies to organise their travel, track expenses, pay suppliers and have access to travel data. Karhoo allows users to book ground transportation worldwide, and head of… Continue reading Conferma partners with Karhoo
Karhoo is back, announces a partnership with Conferma
Mar 15, 2018, 2:10 pm EDT Update Mar 15, 2018, 2:19 pm EDT Karhoo, the car-sharing company whose founder had burned through all of its cash, is apparently up and running again. The British startup, which has a U.S. headquarters in New York, announced a partnership with Conferma, a financial technology company known for providing… Continue reading Karhoo is back, announces a partnership with Conferma
Carrefour buys majority stake in French meal delivery company
PARIS (Reuters) – French retailer Carrefour (CARR.PA) said on Thursday it was buying a majority stake in Quitoque, a French company that delivers meal kits to homes, as part of plans to beef up its digital offering. A Carrefour logo is seen on a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018.… Continue reading Carrefour buys majority stake in French meal delivery company
After leaving DriveNow: Sixt attacks BMW and Daimler with a new kind of car sharing
All articles and backgrounds 03/15/2018 After leaving DriveNow Sixt, BMW and Daimler attack with a new kind of car sharing DPA Sixt employee The car rental company Sixt Show stock market chart engages in car sharing: the company wants to say goodbye to the joint with BMW Show stock market chart operated sub-car company DriveNow… Continue reading After leaving DriveNow: Sixt attacks BMW and Daimler with a new kind of car sharing
Lyft Partners with Magna to Scale Self-Driving Technology
Today, we’re excited to announce a first-of-its-kind partnership with Magna, the largest North American Tier 1 automotive technology and manufacturing supplier, to jointly fund, develop, and manufacture our self-driving system. In addition to co-funding the partnership, Magna will also invest $200 million in Lyft. This partnership enables our Level 5 team to accelerate the introduction… Continue reading Lyft Partners with Magna to Scale Self-Driving Technology