Southeast Asian used car trading platform Carsome announced that it has acquired a stake in PT Universal Collection, a Jakarta-based offline car and motorcycle auction service company. Financial details of the acquisition were not disclosed. The deal marks Carsome’s first investment in Southeast Asia this year and allows the integrated car e-commerce platform to double… Continue reading Carsome invests in Indonesian car auction firm PT Universal Collection
Tag: Strategy
@VW Group: New functions and greater comfort: Volkswagen launches Over-the-Air Updates for the ID. family003388
Volkswagen is taking the next big step towards becoming a software-oriented mobility provider: from this summer, the brand will regularly send software updates “Over-the-Air” to models in its ID. family. This makes Volkswagen the first and only high-volume manufacturer to make this innovative technology available to its customers on a broad basis. The first model… Continue reading @VW Group: New functions and greater comfort: Volkswagen launches Over-the-Air Updates for the ID. family003388
Bugatti to launch EVs but also retain ICE power
Bugatti will diversify its line-up and usher in electrification following the signing of a partnership with EV specialist Rimac but will continue to offer internal combustion engines in the long-term. The ultra-exclusive French brand is now part of the Croatia-based Rimac Group, having partnered with Rimac Automobili to form new company Bugatti Rimac LLC. As part of this joint venture, Bugatti… Continue reading Bugatti to launch EVs but also retain ICE power
@Daimler: 20. May 2021Daimler Truck sets out ambitions as an independent company
May 20, 2021 – Daimler Truck sets out ambitions as an independent company. Today the management board presented strategic objectives, key financial targets and technological goals. Our mission as an independent company is clear: Our ambition is to lead the way to zero emissions in the trucking business by accelerating the development of battery and… Continue reading @Daimler: 20. May 2021Daimler Truck sets out ambitions as an independent company
Inside the industry: JLR chief Bolloré must strike a fine balance in rebooting Jaguar
Exciting, isn’t it, to get the first clues on the reinvention of Jaguar from CEO Thierry Bolloré? The promise of a unique brand positioning, a Range Rover-esque luxury philosophy and the internal design competition that achieved in three months what normally takes 18 all whet the appetite for what’s to come by 2025. But as… Continue reading Inside the industry: JLR chief Bolloré must strike a fine balance in rebooting Jaguar
The Maserati range is updated and renews the GT, Modena and Trofeo finishes
The Maserati range is updated and renews the GT, Modena and Trofeo finishes Continuing the renewal strategy of the vehicles in its range, Maserati has just presented the three new endings that will be associated with the Ghibli, the Quattroporte and the I raised. They will be available from July 1. Innovation, performance and design… Continue reading The Maserati range is updated and renews the GT, Modena and Trofeo finishes
‘Bolloré’s strategy is already having a good impact on Jaguar Land Rover’
The appointment of Thierry Bolloré as JLR chief executive last summer raised a fair few eyebrows. It came completely out of the blue, not least for Bolloré. “I was about to fly over to New York in a completely different type of business,” he told me this week. “I said, ‘Wow, of course’. With these brands… Continue reading ‘Bolloré’s strategy is already having a good impact on Jaguar Land Rover’
Bridgestone to invest $139m in Brazilian plant expansion
The plant expansion and modernisation project will increase annual production from 3.5 million to 4.3 million tyres, with new manufacturing technologies and Industry 4.0 concepts. Bridgestone Brazil has announced a new investment in its tyre manufacturing plant in the city of Camacari, in the state of Bahia, Brazil. Following the increasing demand for high-tech and… Continue reading Bridgestone to invest $139m in Brazilian plant expansion
Tesla’s first European plant was supposed to open on July 1, but permit delays, lizards, and other problems have postponed it indefinitely (TSLA)
Tesla’s new factory outside of Berlin, Germany, was supposed to open on July 1. Permitting issues and environmental activists have delayed the plant’s opening. Tesla plans to churn out 500,000 cars at the plant, which is critical to its European strategy. See more stories on Insider’s business page. “Deutschland rocks,” Elon Musk told reporters during… Continue reading Tesla’s first European plant was supposed to open on July 1, but permit delays, lizards, and other problems have postponed it indefinitely (TSLA)
Great Wall Motors extends term sheet for General Motors’ factory takeover
New Delhi: Great Wall Motors has extended the term of its initial agreement to acquire General Motors‘ India factory by six months, as the Chinese SUV maker still awaits New Delhi’s green signal for its billion-dollar foreign investment proposal. The term sheet, which was set to expire in the middle of 2021, has been extended… Continue reading Great Wall Motors extends term sheet for General Motors’ factory takeover