#Partnerships
Volkswagen Buys Stake in Navistar, Wants a Slice of the U.S. Heavy Truck Market
Volkswagen’s commercial vehicles division is eager to enter the U.S. heavy truck market, and it just found a partner to help pull it off.
Volkswagen Truck & Bus has announced it will buy a 16.6 percent stake in U.S. truck maker Navistar International Corp., a share buy worth $256 million. Both companies hope to save money (and make more of it) through the technology-sharing deal, with joint products on the horizon.
'I Came for the Men's Briefs, But I Stayed for the Tesla Model X'
Sometimes, a consumer just wants to know what electric vehicle pairs well with their wrinkle-free straight leg Chinos.
Nordstrom shoppers at The Grove shopping mall in Los Angeles can breathe a sigh of relief come Saturday, when Tesla Motors plans to open a ‘gallery’ retail location inside the upscale store.
Let’s hope they swap the Model S P90D for a 60 kWh model on discount days.
Nissan to Spend $2.2 Billion for Controlling Stake in Mitsubishi
Yesterday’s vague Japanese media reports proved right this morning, as Nissan Motor Co. announced it will purchase a 34 percent controlling stake in scandal-plagued Mitsubishi Motors.
Taking advantage of Mitsubishi’s reduced market value following the company’s admission of cheating on Japanese fuel economy tests, Nissan’s 237 billion yen ($2.2 billion) bulk buy of shares makes it the automaker’s largest shareholder.
It’s a big win for Nissan, which can take credit for exposing the gas mileage scandal less than a month ago.
GM to Lyft Applicants: Baby, You Can Drive My Car
Old car? Can’t get a driving job? Not a problem.
If you’re looking to drive for the ride-sharing service Lyft in Chicago, General Motors wants to get you into a new Chevrolet Equinox.
Under its Express Drive program, Lyft drivers whose own cars don’t meet the company’s standards can finance an Equinox at a declining rate — starting at a maximum of $99/week — with insurance and maintenance included.
General Motors Returning To Medium-Duty Truck Market Via Isuzu
General Motors exited the medium-duty commercial truck market when it left bankruptcy in 2009. Now, the automaker plans to return with the help of Isuzu.
County Officials Seek New Partner For Miller Motorsports Park
Earlier this month, Miller Motorsports Park said it would cease operations this October. Now, Tooele County, Utah officials intend to keep the track open.
PSA Peugeot-Citron, Ford Renewing Small Diesel Engine Tie-Up
A tie-up between PSA Peugeot-Citroën and Ford involving small diesel engines will be extended in time for the former’s new diesel family debut.
Fate Of Jeep In Toledo Rests On Supplier Park, Partnerships
The fate of Toledo, Ohio holding onto the Jeep factory may be decided not on incentives or land acquisition, but by what happens with the supplier park.
Continental AG Interested In Partnering With Apple In Car Project
Whether or not Apple is actually building a car, German tire manufacturer Continental AG wants in.
Honda UK Launches First Commercial Solar Hydrogen Facility
In a partnership with various organizations, including Briggs Equipment UK, BOC and the Swindon Borough Council, Honda UK has launched its first commercial-scale hydrogen production and refueling facility in its hometown of Swindon, England.
Mercedes-AMG Buys Stake, Enters Partnership With MV Agusta
Daimler AG’s Mercedes-AMG high-performance luxury brand has decided that two wheels aren’t so bad after all, putting down an undisclosed sum for 25 percent of Italian motorcycle manufacturer MV Agusta S.p.A.
Tesla-Toyota Relationship On Hold After Rocky RAV4 EV Program
Just four years ago, Tesla and Toyota entered into a relationship where the former would supply battery packs for the latter’s RAV4 EV. In turn, Toyota invested $50 million in Tesla, and sold the NUMMI facility — which Toyota once shared with General Motors — for $42 million. Things have changed, in the sage words of Bob Dylan.
Aston-Daimler Partnership Deepens With Component Agreement, Increased Holdings
Daimler’s partnership with Aston Martin is growing, as the former will supply electric and electronic components to the latter for a 1 percent increase in holdings.
Panasonic, Tesla Enter Into Gigafactory Agreement
It’s official: Panasonic and Tesla have signed an agreement regarding their partnership involving the Gigafactory.
Tesla: Toyota Desires Battery R&D Partnership, Panasonic Wants Gigafactory For Itself
Though Toyota will soon end its battery program with Tesla for its RAV4 EV crossovers, the automaker aims to remain R&D partners on battery technology. Meanwhile, Panasonic wants to be the only producer involved in Tesla’s Gigafactory production.
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