Hyundai Motor Group is planning to invest $21.6 billion (23 trillion KRW) into five new businesses such as robot, AI (Artificial Intelligence), Smart Car and others for the next five years and this is the first time when Hyundai Motor Company made its plan to commercialize robot and AI fields official. South Korean Government is… Continue reading Hyundai Motor Group to Invest $21.6 Billion into New Businesses for Next 5 Years
Tag: M and A
3D Time of Flight company Odos Imaging acquired by Rockwell Automation
Odos Imaging, a developer of 3D Time of Flight cameras for industrial imaging applications, has been acquired by Rockwell Automation, Inc., which plans to apply the 3D technology to sensing products to provide solutions to a range of industrial applications, including automotive and general assembly, packaging and material handling, and logistics.
How Chariot, in Concert with Chase and Smart Columbus, Is Working to Reduce Congestion in Central…
How Chariot, in Concert with Chase and Smart Columbus, Is Working to Reduce Congestion in Central Ohio By Dan Grossman, Ford Smart Mobility vice president, Global Microtransit Services No two cities are exactly the same. That holds true whether you’re discussing the local food scene or homegrown musical talent, and it’s equally true when it comes… Continue reading How Chariot, in Concert with Chase and Smart Columbus, Is Working to Reduce Congestion in Central…
Chariot expands to Columbus, Ohio with JPMorgan Chase commuter shuttle
Ford’s Chariot shared commuter shuttle service is expanding to its latest new market: Columbus, Ohio. The Columbus launch is in partnership with JPMorgan Chase, and initial service in the area will be specifically a shuttle for the company’s 400 Corporate Center employees located within the city. Chariot will operate daily shuttles for these employees staring… Continue reading Chariot expands to Columbus, Ohio with JPMorgan Chase commuter shuttle
GM sees 2018 profits roughly equal to 2017 with slightly lower U.S. market
General Motors Chairman and CEO Mary Barra told analysts Tuesday GM expects to exceed its 2017 profitability in North America and China. (Photo: Steve Fecht for General Motors) General Motors expects its 2018 profit to be in line with earnings from 2017, details of which it will report Feb. 6. But the automaker will not… Continue reading GM sees 2018 profits roughly equal to 2017 with slightly lower U.S. market
Ghosn Hints He May Leave CEO Role at French Carmaker Renault
Carlos Ghosn opened the door to stepping down as chief executive officer of Renault SA, as the longtime car-industry boss focuses on the Franco-Japanese alliance he built with Nissan Motor Co. and Mitsubishi Motors Corp. Ghosn, who handed over the CEO reins at Nissan last year, retains leadership posts at all three manufacturers while heading… Continue reading Ghosn Hints He May Leave CEO Role at French Carmaker Renault
UPDATE 1-Mazda vows to stay independent despite deeper ties with Toyota
DETROIT (Reuters) – Japan’s Mazda Motor Corp (7261.T) on Wednesday said that while it is deepening its development and production partnership with Toyota Motor Corp (7203.T), the small automaker would remain a company independent from its much bigger rival. Mazda and Toyota last week said they will build a $1.6 billion joint assembly plant in… Continue reading UPDATE 1-Mazda vows to stay independent despite deeper ties with Toyota
Dana Incorporated Announces Strong Preliminary 2017 Financial Results and Guidance for 2018, Increased Outlook for 2019, $800 Million of Sales Backlog, and Increase to Quarterly Dividend
MAUMEE, Ohio, Jan. 17, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today announced strong preliminary financial results for 2017 and guidance for 2018. Preliminary sales and adjusted EBITDA for 2017 are in line with the company’s previous guidance. The 2018 guidance reflects significant sales, earnings, and cash flow growth. The increased outlook for 2019 represents a… Continue reading Dana Incorporated Announces Strong Preliminary 2017 Financial Results and Guidance for 2018, Increased Outlook for 2019, $800 Million of Sales Backlog, and Increase to Quarterly Dividend
Welsh Government purchases three per cent stake in TVR
TVR has gained a minority shareholder in the form of the Welsh government, which now owns three per cent of the revived British sports car manufacturer. Accounts filed at Companies House last month revealed that the Welsh government has spent £500,000 on acquiring the three per cent stake in TVR, with the Welsh taxpayer providing… Continue reading Welsh Government purchases three per cent stake in TVR
Grab announces acquisition of Bangalore-based payments startup iKaaz
Bangalore, 17 January 2018 – Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced it has acquired Bangalore-based payments startup iKaaz. The rich functionality of iKaaz’ mobile payments platform and its experienced leadership team will accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Already Southeast Asia’s #1… Continue reading Grab announces acquisition of Bangalore-based payments startup iKaaz