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Groupe Renault working on ~20 blockchain projects

Green Car Congress

Groupe Renault has identified some 20 projects to deploy blockchain technology. For Groupe Renault, blockchain has to be used as a collaborative, multi-company digital tool within the automotive sector, thereby becoming a source of increased productivity and collective intelligence. Some of these will be deployed soon.

Financing 476
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Iveco Group acquires full control of Nikola Iveco Europe

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Iveco Group N.V. Iveco Group N.V. Iveco Group is licensed to access freely and continue developing vehicle control software for the jointly developed battery-electric (BEV) and fuel-cell-electric (FCEV) trucks.

Europe 395
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Volkswagen Group, Siemens invests $450M in Electrify America

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The Volkswagen Group and Siemens are investing $450 million in Electrify America, with a post-money valuation of $2.45 Through its financing arm Siemens Financial Services (SFS), Siemens becomes a minority shareholder in Electrify America with a low triple-digit million USD investment and will hold a seat on the board.

America 397
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Workhorse Group secures $35M in financing from Marathon Asset Management; $1.3M battery purchase by Duke Energy

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Workhorse Group Inc., a manufacturer of electric-mobility solutions to the transportation sector ( earlier post ), closed a $35-million financing with Marathon Asset Management. —Workhorse CEO Steve Burns. In addition to closing the Marathon loan facility, Workhorse continues working in partnership with Duke Energy Corporation.

Financing 259
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Air Liquide, Groupe PSA, Schneider Electric, Valeo to produce respirators in response to the French government request

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Faced with the compelling need for more respirators, the French government asked a group of French industrial companies led by Air Liquide to study the possibility of increasing the production of respirators so as to provide 10,000 respirators in 50 days, between the beginning of April and mid-May.

France 411
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FCA proposes 50:50 merger with Groupe Renault

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delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Groupe Renault has a strong presence across Europe, Russia, Africa and Middle East, while FCA is uniquely positioned in the high margin segments in North America and is a market leader in Latin America.

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Volkswagen Group to invest $106 billion over next 5 years in Automotive Division

Green Car Congress

The Volkswagen Group will invest a total of €85.6 billion)—roughly 64%—the Group will spend most of the total capex in the Automotive Division on modernizing and extending the product range for all its brands. The Group will also continue to press ahead with the development of hybrid and electric drives.

Poland 317