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Huawei and Groupe PSA Exhibit First Connected Vehicle at Hannover Messe 2018

Apr 27, 2018

Huawei and Groupe PSA have debuted a DS 7 CROSSBACK, the first connected vehicle, at the Hannover Messe 2018. The vehicle is the result of their partnership covering all of the Group's connected vehicles, announced in November 2017. ...

Tags: Huawei, Groupe PSA

Daimler to Invest $1bn in Us to Manufacture Electric Vehicles

Sep 25, 2017

German luxury automaker Daimler, through its brand Mercedes Benz is investing $1bn in Alabama, US plant to produce electric vehicles. The company plans to produce EQ-branded SUV models at MBUSI (Mercedes-Benz U.S. International), its ...

Tags: luxury automaker, Daimler, Electric Vehicles

EU Approves PSA's Proposed Acquisition of Opel Vauxhall Automotive Business

Jul 7, 2017

French-automaker PSA Group has received approval from the European Union antitrust authorities for the acquisition of Opel and Vauxhall brands from General Motors. Through the acquisition, PSA plans to make profitable growth not only in ...

Tags: PSA Group, Opel

Qorvo's Beijing Manufacturing Facility Earns Automotive ISO/TS 16949 Quality Certification

Jun 29, 2017

Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) says that its Beijing manufacturing facility has earned ISO/TS 16949 qualification for testing and ...

Tags: Qorvo, Automotive

GM to Sell Vauxhall, Opel Brands to PSA Group in Eur2.2bn Deal

Mar 14, 2017

US auto giant General Motors has agreed to sell its European operations to French automaker PSA Group for €2.2bn. PSA will buy Opel/Vauxhall automotive operations for €1.3bn, while GM Financial’s European operations will ...

Tags: General Motors, PSA Group, automotive

Is Not a Terrible Capital Chain But Jia Yueting Anti Sense Repairer Dream

Dec 16, 2016

Jia Yueting for the two time in the "Chinese entrepreneurs" annual meeting. First, in December 2015, to meet the "noble" of Liu Chuanzhi, and bring a series of practical interest; second, December 2016, in order to hold a free conference. ...

Tags: Chinese entrepreneurs, the music company, the car

UK to Invest GBP35m in Whitley South Automotive Business Zone

Sep 6, 2016

The UK Government is investing £35m in an expanded automotive business zone in Whitley, near Coventry. The move is expectd to create about 3,000 engineering and advanced manufacturing jobs. The investment will also improve ...

Tags: UK Government, automotive business zone, investment

ZF Increases Profitability in The First Half of 2016

Aug 15, 2016

Friedrichshafen. ZF Friedrichshafen AG has continued its good business development in the first half of 2016. In the first six months of 2016, sales increased to €17.8 billion and the adjusted operating profit (EBIT) rose to €1.1 ...

Tags: ZF, EBIT margin

Volkswagen Plans Major Electrification Initiative

Jun 20, 2016

Volkswagen has adopted a new strategy to become a lead in sustainable mobility by bringing out more than 30 new e-vehicles by 2025. In order to achieve these goals, the Board of Management - with the approval of the Supervisory Board - ...

Tags: Volkswagen, pact for the future, BEVS

Volkswagen Invests $300m in Ride-Hailing Startup Gett

May 26, 2016

German automaker Volkswagen has invested $300m in Israeli ride hailing provider, Gett, which competes with Uber, Lyft, and Didi Chuxing. Volkswagen's investment comes months after General Motors injected $500m into privately held American ...

Tags: Volkswagen, automaker

Siemens, Valeo to Form JV for EV Powertrains

Apr 20, 2016

Siemens and Valeo have signed an agreement to establish a joint venture (JV) to develop powertrains for electric cars. The JV will have headquarters in Erlangen, Germany, and facilities in France, Norway, Poland, Hungary and China. ...

Tags: Siemens, Valeo, JV, Joint venture, Powertrains, Electric cars

TVR To Setup A Factory In Wales To Build Sports Cars

Mar 23, 2016

British luxury car-maker TVR has confirmed that it will build a new factory in the Ebbw Vale Enterprise Zone in South Wales. The project will provide about 150 new high skilled jobs. Apart from creating new jobs, setting up the factory ...

Tags: TVR, Ebbw Vale Enterprise Zone, Sports Cars, Wales

Ford Adopts Mark-to-Market for Pension and OPEB Plans

Feb 2, 2016

Ford Motor Company is changing its method for reporting pension and other postretirement employee benefits (OPEB) to provide a clearer view of Ford's operating performance and segment results. "Ford has delivered consistently strong ...

Tags: Ford Motor, OPEB Plans

Renesas Electronics Unveils Driving Development Platform

Oct 16, 2015

Renesas Electronics America, a premier provider of advanced semiconductor solutions, today announced a new, comprehensive, vehicle-level driving platform to accelerate autonomous and automotive driving innovation. Working in close ...

Tags: semiconductor, automotive driving, sensor

Sony Looking to Venture Into Automotive Business

Sep 10, 2015

Sony is reportedly planning to venture into the automotive market after Google and Apple. The company is open to collaborate with traditional automakers and said that the advent of electric cars has lowered entry barriers for new ...

Tags: automotive market, Sony, electric cars

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