M&A, 'restructuring' and plant news dominated a busy week which is (TGIF) drawing to a welcome close. May as well start with Ford.
Opinion
30 Mar, 2019
If Brexit happens then the government should use it to create a UK-run car company, says Mike Rutherford
A South Korean Tesla supplier will buy a closed car assembly factory from General Motors Korea and start contract manufacturing of electric vehicles, local media reports said.
Tenneco has appointed Richard Kwas as vice president, investor relations.
PPG is creating an OEM services organisation to support vehicle manufacturers worldwide through an expanded portfolio of technologies, technical services and related capabilities.
Nissan has unveiled its first Nissan City Hub - described as a 'revolutionary new convergence between e-commerce and a concept store' - that's making its debut a stone's throw from Paris in Vélizy 2, a bustling shopping centre.
After VW and Amazon Web Services (AWS) said yesterday (28 March) they would develop the Volkswagen Industrial Cloud together and had agreed a multi-year, global deal to jointly carry out the project, VW said on Friday Siemens was joining as an integration partner.
Ride-hail firm Lyft is set to debut on the Nasdaq stock market today (29 March) with shares priced at US$72, ahead of the initial guidance range of $62-$68 amid expectations of high demand from investors. If demand for the shares proves high, the company could achieve a valuation in excess of $24bn.
Daimler has struck a deal with Geely for a 50:50 joint venture based in China to develop and operate the Smart brand globally as an all-electric carmaker.
News
28 Mar, 2019
All seven engine manufacturers here in the UK are hit by the decline
PT Honda Prospect Motor (HPM), Honda Motor's automobile subsidiary in Indonesia, has celebrated its 20th anniversary at its factory in Karawang, West Java.
Volvo Cars said it would replace its current paint shop at its Torslanda, Sweden car manufacturing plant with a new one which would reduce energy consumption and emissions by at least a third.
ZF Friedrichshafen AG has announced that it has entered into a definitive agreement to acquire Wabco for US$136.50 per share.
Three new automakers - Subaru, Nissan, and Mazda - will participate in Japan's D-Call Net system which comprises the non-profit Emergency Medical Network of Helicopter (HEM-Net), auto manufacturers, and service providers.
Honda Motor and Toyota subsidiary Hino are to join the Mobility as a Service (MaaS) joint venture between SoftBank and Toyota known as Monet Technologies.
Nissan Motor CEO Hiroto Saikawa has said he was unaware of discussions about the possibility that Renault was considering a bid for Fiat Chrysler Automobiles (FCA).
News
28 Mar, 2019
Finnish indoor test facility offers over mile-long indoor test track, allows for year-round winter testing
Toyoda Gosei has developed a turbo duct made entirely of plastic.
PSA said it was acquiring a controlling interest in Longstar to further expand its spare parts business in China.
Ford Motor Company of Southern Africa (FMCSA) is expanding its operations at the Struandale Engine Plant in Port Elizabeth as part of a wide-ranging investment in its two South African plants, announced late last year.