Category: Automotive Deals

Deal focus: Rivian acquires Iternio

By on July 8, 2023

Each week, Just Auto’s editors select a deal that illustrates the themes driving change in our sector. It may not always be the largest deal in value, or the highest profile, but it will tell us where the leading companies are focusing their efforts, and why. Our thematic deal coverage is driven by our underlying disruptor data which tracks all major deals across our sectors. Today, it’s the acquisition by Rivian Automotive of Swedish navigation specialist Iternio. The deals Rivian Automotive, an electric vehicle start-up based in the US, has announced the acquisition of Swedish mapping company Iternio, developer of…

SerDes for Automotive Market Business Research With SWOT Analysis [No. 102 Pages Report]

By on July 6, 2023

PRESS RELEASE Published June 26, 2023SerDes for Automotive Market Size With COVID-19 Impact and Russia-Ukraine War Impact on this Industry[102 Pages No.]SerDes for Automotive Marketreport are massive businesses with critical facilities designed to efficiently support robust opportunities, and scalable applications and are often associated with big data-producing companies such as , THine Electronics, NXP, Avago (Broadcom), Cypress, Vitesse (Microsemi), Maxim Integrated, STMicroelectronics, Inova Semiconductors, ON Semiconductor, ROHM Semiconductor, Intesil (Renesas), Texas Instruments, Semtech,. The use of SerDes for Automotive Market is opening new frontiers across the ICT industry. With the ability to manipulate matters, SerDes for Automotive market…

Exclusive: Vietnam’s Truong Hai considers stake sale in $5 billion automotive arm

By on July 4, 2023

SINGAPORE/HANOI, June 28 (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the unit at around $5 billion, two people familiar with the matter said. Truong Hai Group is in talks with a financial advisor to explore the potential sale of a minority stake in Thaco Auto after receiving interests from regional financial investors and corporates, the sources said. The group could be selling about 20% in Thaco Auto, one of the sources said. Deliberations were ongoing and…

Automotive pioneer Gerald C. Meyers, former CEO of American Motors, died at 94

By on July 3, 2023

Gerald C. Meyers, who went from top product engineer to CEO at American Motors Corp. during an era that produced the AMC Pacer and Gremlin vehicles, died on June 19. Meyers, 94, died of natural causes at his home in West Bloomfield, according to his family. The son of a successful immigrant tailor from Poland, Meyers worked hard to get to the top of the automotive industry and his career included stints at Ford Motor Co. and Chrysler Corp., his daughter Susan Meyers told the Detroit Free Press. He graduated from Bennett High School in Buffalo, New York, in 1945…

Used-car prices rebound, making buying a challenge

By on June 28, 2023

Our main advice for buyers in this still tricky market is to act quickly and negotiate from an informed perspective. That can make the difference between getting a fair deal or paying too much. Also, it’s never been more important to make sure your credit is in good shape. Interest rates are up, but the most competitive rates are reserved for those with strong credit ratings. Here are some other ways to make the best of a challenging market. Consider buying a new car. If you’re looking at newer used cars—models in the 1- to 3-year-old range—you may find that…

Can You Return a Car You Just Bought? Buyer’s Remorse Law and More

By on June 25, 2023

Problem: “The dealership ripped me off” If the car salesperson you worked with didn’t keep promises or you suspect fraud, you might have a case. But don’t make wild, unfounded accusations. Instead, use any documentation you can find. If you think you paid way too much, reference the Edmunds Suggested Price as proof of the vehicle’s market value and an acceptable price. There are also times when people go overboard on the options they purchase in the F&I room before signing a contract. Things such as extended warranties or curbed wheel coverage can add thousands to the loan price and…

General Motors Stock (NYSE:GM): Supercharging the Auto Race with New Deals

By on June 23, 2023

General Motors (NYSE:GM), one of the world’s oldest and largest automakers, is supercharging the automotive race with newer partnerships and investments. Yesterday, GM announced a pact with rival electric vehicle (EV) maker Tesla (NASDAQ:TSLA) that would allow GM EV drivers to use Tesla’s supercharger network. At the same time, GM announced an investment of over $500 million in the Texas plant to produce next-gen internal combustion engines (ICE)-based full-size sport utility vehicles (SUVs). Following the news, GM stock rose more than 3.8% in extended trading on June 8. GM Leverages Tesla’s Superchargers General Motors CEO Mary Barra and Tesla CEO…

Toyota EVs Will Get Solid-State Batteries

By on June 21, 2023

While Toyota has been slow to introduce all-electric vehicles, it’s easy to forget that the Japanese automaker continues to be a leader in hybrids, plug-in hybrids, and hydrogen cars. The automaker may only have one EV on sale with the bZ4X, but Toyota has plans to introduce 10 new EVs and sell 1.5 million electric cars by 2026. In order to reach those goals, Toyota’s going to have to step up its EV tech, which it plans to do with the introduction of high-performance, solid-state batteries.The news comes from the automaker’s technical briefing session, “Toyota Technical Workshop,” where it…