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Tag Archives: venture

How BMW gained control of the China corner venture

Magna opens Czech plant to offer BMW in Europe SHENYANG — BMW pronounced it will take infancy control of a categorical China corner try for 3.6 billion euros ($4.2 billion), a initial such pierce by a tellurian automaker as Beijing starts to relax tenure manners for a world’s biggest automobile …

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Honda brings special ability to GM’s Cruise self-driving venture

Cruise, a immature startup corroborated by a hulk automaker, is quick proof a intensity to propel General Motors into a care purpose in self-driving vehicles. Cruise, that GM acquired in 2016, now has a subsidy of a eminent record investment organisation and a opposition automaker, Honda Motor Co., that final …

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Times Get Tougher for GM’s Chinese Venture As Automaker Orders 3.3 Million Vehicle Recall

Tariffs and other pressures are weighing on a once peppery prohibited Chinese new automobile market, and a cessation emanate has now combined new charge clouds to General Motors’ before balmy skies. The automaker’s Chinese arm, GM Shanghai, has announced a remember of 3.3 million Chevrolet, Buick, and Cadillac models. Bad …

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Toyota-backed companies will form self-driving venture, news says

   Print  Reprints  Respond TOKYO — Four Toyota organisation companies will form a corner try to mix self-driving technologies to improved contest with retailer giants such as Robert Bosch, a Nikkei business daily reported on Friday. The new company, to be set adult by Denso, Aisin Seiki, Jtekt and Advics, …

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Former Venture owners behind in justice for some-more than $410M blurb dispute

Detroit — Plastics businessman Larry Winget is behind in justice for a blurb brawl that has lasted some-more than a decade. JPMorgan Chase Bank, in a justice filing submitted in June, pronounced it is seeking to redeem roughly $410 million, and an additional $368 million in delinquent seductiveness and fees, …

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Nissan enters former hot section for battery recycling venture

NAMIE, Japan — Nissan Motor Co. has non-stop a first-of-its-kind estimate core in farming Japan for recycling electric automobile batteries. The idea is to boost residuals for Leaf EVs and find a delegate marketplace for depleted modules no longer make-up adequate punch to energy a car. But a lithium ion …

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Mazda and Toyota’s Joint Venture Is Official, Tons of Corollas and a Mystery Model Await

There’s 4,000 new jobs entrance to Huntsville, Alabama, yet there’ll also be 150,000 unnamed Mazda crossovers rolling out to dealers opposite North America any year — presumption a model’s a success. Our money’s on Mazda giving a new child a name starting with “CX-.” Mazda and Toyota done their 50-50 …

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Volvo Launches a Venture Capital Fund to Invest in Startups

I spend a lot of my giveaway time during automobile dealerships because, well, we have a problem. A integrate of weeks ago we went to a Volvo dealership to check out their flagship S90 sedan and it was epic; it was also scarcely $80,000. But as we hear some-more about …

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MINI and Great Wall Motors Team adult for Joint Venture in China

Using this plans for success, a foundation of MINI in China could be a large understanding for a brand. Last year MINI delivered about 35,000 units to China. With new electric models entrance soon, MINI hopes to boost this series significantly over a subsequent few years. To give some perspective, …

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Toyota-Mazda try offers opportunities

HUNTSVILLE, Ala. — Toyota Motor Corp. and Mazda Motor Corp. announced in Jan that they will jointly build a $1.6 billion public plant nearby here to furnish a Toyota Corolla and an as-yet unclear Mazda crossover. Brian Krinock, comparison clamp boss in assign of car plants during Toyota Motor Engineering …

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