PARIS (Reuters) – PSA Group (PEUP.PA) shrugged off losses at the newly acquired Opel division to lift sales, profit and operating margin to new records in 2017, the French carmaker said on Thursday. The maker of Peugeot, Citroen, Opel and Vauxhall cars said net income rose 11.5 percent to 1.93 billion euros ($2.35 billion) on… Continue reading CORRECTED-Peugeot hits new earnings record despite Opel loss
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Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News : Groupe PSA (Paris:UG) : Carlos Tavares, Chairman of Groupe PSA Managing Board said: « Peugeot Citroën DS outstanding results, making significant progress for the 4th year in a row, are the proof of our ability to deliver a profitable and sustainable growth. Our agile, customer focused and socially responsible approach is making… Continue reading Historic Results of Groupe PSA In 2017: Revenue, Volume of Sales, Recurring Operating Income and Net Result Group Share at a Record Level
Daimler Mobility Services purchases Europcar Group’s 25% stake in car2go Europe GmbH
Daimler Mobility Services to hold 100% of car2go Europe after approval by the relevant authorities Daimler is poised to further expand its mobility portfolio car2go Group has more than 3 million users worldwide Stuttgart. Daimler Mobility Services announced today that it will acquire the 25 percent stake in car2go Europe GmbH from joint venture partner… Continue reading Daimler Mobility Services purchases Europcar Group’s 25% stake in car2go Europe GmbH
Panasonic and Scrum Ventures Announce a Joint Venture to Foster Innovation
Tokyo, Japan. – MARCH 1, 2018 // Panasonic Corporation today announced that it is forming BeeEdge, a joint venture with Scrum Ventures, a San Francisco based early-stage venture capital firm. Aimed at enabling a new generation of products, BeeEdge will identify technologies within Panasonic that are not fully utilized and create independent startups to commercially… Continue reading Panasonic and Scrum Ventures Announce a Joint Venture to Foster Innovation
Exclusive: Go-Jek, Traveloka and Tokopedia in talks to invest in insurtech startup PasarPolis
March 1, 2018 Indonesia’s unicorns Go-Jek, Traveloka and Tokopedia are in advanced discussions to invest in insurance tech (insurtech) startup PasarPolis, according to three people aware of the development. PasarPolis claims to be one of the first online portals in Indonesia to provide varying insurance options covering health, vehicle, accident, property, travel and life. It allows users to… Continue reading Exclusive: Go-Jek, Traveloka and Tokopedia in talks to invest in insurtech startup PasarPolis
The go-to partner for electric driving: Bosch’s electromobility strategy
The go-to partner for electric driving: Bosch’s electromobility strategy Statement by Dr. Rolf Bulander,member of the board of management of Robert Bosch GmbH and chairman of the Mobility Solutions business sector,February 28, 2018 Check against delivery. Ladies and gentlemen, I would like to start by taking a look into the not-too-distant future, and the year… Continue reading The go-to partner for electric driving: Bosch’s electromobility strategy
New V-12 Apollo Intensa Emozione
Supercar start-up Apollo is an Italian based firm backed by Chinese capital investments. The Apollo Company has its evolution roots planted in German automobile manufacturing enterprise Gumpert. Roland Gumpert, the founder of Apollo, once held the position of director of Audi Sport. Under his management, Audi won a total of 25 World Rally Championship races… Continue reading New V-12 Apollo Intensa Emozione
Group 1 Automotive Appoints UK Operating Leader
HOUSTON, Feb. 28, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced that effective March 1, 2018, Group 1 Automotive will appoint Darren Guiver as managing director of its UK operations. Mr. Guiver has worked for Group 1 in the UK since February 2016… Continue reading Group 1 Automotive Appoints UK Operating Leader
Ballard Receives LOI For 40 Fuel Cell Engines To Power Van Hool Buses in Germany
Largest order ever for fuel cell buses in Europe Indicative of growing European interest in fuel cells for use in heavy duty transportation applications VANCOUVER and KONINGSHOOIKT, Belgium, Feb. 28, 2018 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced it has received a Letter of Intent (“LOI”) from Van Hool NV (“Van… Continue reading Ballard Receives LOI For 40 Fuel Cell Engines To Power Van Hool Buses in Germany
UPS to add 50 electric trucks to its fleet
28 February 2018 #CV Sector #Electric & Alternatively-Fuelled Vehicles #News #TNB News UPS has announced it will introduce 50 electric trucks to its US fleet. Working in partnership with Workhorse Group Inc., the vehicles will be designed from scratch to suit the specific needs of UPS. Workhorse claims the vehicles provide a 400 percent improvement… Continue reading UPS to add 50 electric trucks to its fleet