Linda Jackson, director of Citroën, took advantage of Geneva to present the brand’s battle plan to the rafters internationally. In the spotlight: Latin America, Eurasia and the Middle East in particular. Silence on the other hand on its first market outside Europe, China and Southeast Asia, battered in 2017. In 2017, Citroën achieved 26% of… Continue reading Citroën shows its priorities internationally
Tag: M and A
Germany’s Continental and Chinese Auto Parts Maker CITC Team Up To Develop Hybrid Battery Systems
Continental AG (CON.XE), a German automotive supplier, said it plans to set up a joint venture with Chinese auto parts maker Sichuan Chengfei Integration Technology Co. to develop and manufacture 48-volt battery systems for cars. Continental AG will hold a 60% interest in the joint venture and the rest will be held by CITC, a… Continue reading Germany’s Continental and Chinese Auto Parts Maker CITC Team Up To Develop Hybrid Battery Systems
Committed to electric mobility in China: Daimler becomes shareholder of BJEV
Expanding its strategic footprint in the field of New Energy Vehicles (NEV) in China, Daimler acquires a 3.93% stake in Beijing Electric Vehicle Co., Ltd. (BJEV), a BAIC Group subsidiary Hubertus Troska: “The investment in BJEV marks yet another milestone in the strong cooperation between Daimler and BAIC, and it underlines our commitment to the… Continue reading Committed to electric mobility in China: Daimler becomes shareholder of BJEV
Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely
STOCKHOLM, March 8, 2018 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has together with its software joint venture Zenuity, been selected to develop and produce the first Level 3 advanced driver assistance systems for Geely. Autoliv was selected as supplier for Geely’s Level 3 project, which… Continue reading Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely
660,000 electric cars by 2025: BMW partner Great Wall invests heavily in electromobility
Everything electric With the brand Haval Great Wall is already the largest SUV provider in China. Now also the electric market is to be conquered. (Photo: Reuters) The Chinese car manufacturer Great Wall wants to more than double its annual sales by 2025 to two million vehicles. About a third of these would be electric… Continue reading 660,000 electric cars by 2025: BMW partner Great Wall invests heavily in electromobility
Nissan Is in Talks to Buy France’s Renault Stake: Reuters
Nissan Motor Co. is in talks to buy most of the French state’s stake in partner Renault SA as the carmakers tighten cooperation, Reuters reported, citing unidentified people close to the matter. Discussions with government officials include France giving up influence at Renault while the manufacturer would relinquish control over its Japanese counterpart, the newswire… Continue reading Nissan Is in Talks to Buy France’s Renault Stake: Reuters
BMW Mulling Motorcycle Ride-Sharing in Congested Cities
BMW AG would like to start offering up the back seat on motorbikes and scooters to get around congested cities — if the issue of helmets can be solved. “This is definitely an option, but we haven’t found the solution for the second helmet yet,” Peter Schwarzenbauer, who heads BMW’s Mini, Rolls-Royce and motorcycle brands,… Continue reading BMW Mulling Motorcycle Ride-Sharing in Congested Cities
Elon Musk enlists Tesla’s all-electric Semi trucks to ship Tesla’s battery packs
“Eat Your Own Dog Food” is an aphorism referring to the Microsoft tradition of using its own software products, but it applies equally well to the first production cargo trip of Tesla’s all-electric truck — which carried battery packs from Tesla’s Gigafactory in Nevada to its car assembly plant in Fremont, Calif. Tesla CEO Elon Musk spotlighted… Continue reading Elon Musk enlists Tesla’s all-electric Semi trucks to ship Tesla’s battery packs
Daimler, Volvo Cars executives skeptical over Geely alliance plan
GENEVA (Reuters) – Executives at Daimler (DAIGn.DE) and Volvo Cars question the viability and industrial logic of a plan by their major shareholder, China’s Geely, to form an auto industry alliance to counter “tech invaders.” FILE PHOTO: The Mercedes star logo of an E Coupe is pictured before the annual news conference of Daimler AG… Continue reading Daimler, Volvo Cars executives skeptical over Geely alliance plan
Henrik Fisker Talks Batteries and Autonomous Transportation
The industry disruptor talked about his upcoming autonomous vehicles. DAVID MCNEW—AFP/Getty Images Fisker Inc., the electric car manufacturer and Tesla rival, has big plans in the works. The Drive spoke with CEO Henrik Fisker about his plans for solid-state batteries and his upcoming electric and autonomous vehicles. Fisker, the controversial innovator who designed the BMW… Continue reading Henrik Fisker Talks Batteries and Autonomous Transportation