Two Dates to the Dance: Veoneer takes acquisition deal with Magna despite Qualcomm outbid
Stockholm, Sweden — Veoneer has decided to stick with Magna International’s acquisition bid after being courted with a higher offer from Qualcomm, though Veoneer says it will continue in negotiations with Qualcomm. Last month, Aurora, Ont.-based Magna International put forth a $31.25 per share bid on Veoneer which was outbid by Qualcomm on Monday, who […]
Circular Solutions: BMW designs 100 percent recyclable ‘Vision Circular’ concept vehicle
Toronto, Ontario — BMW revealed its vision for a sustainable future on Monday, unveiling the fully-recyclable Vision Circular concept vehicle, made entirely from reusable materials. When BMW says that everything in this car is both recycled and eventually recyclable, they mean everything, as the company boasts that the battery driving the concept vehicle “is 100% […]
Raising the Bar: Mazda announces exterior upgrades on 2022 CX-5, reflective body and gloss black finishes
Toronto, Ontario — Mazda’s CX-5 is getting a makeover in it’s 2022 model year, as the automaker’s popular crossover is due for updated exterior design and new interior features, according to a press release from Tuesday. With Nappa leather and genuine wood grain additions to the interior, Mazda appears to be positioning the new model […]
Cross Reference: NHTSA requests data from 12 OEMs as part of Tesla probe
Toronto, Ontario — Tesla’s autopilot system is causing safety concerns among drivers and the automotive industry alike, so the National Highway Traffic Safety Administration (NHTSA) has decided to take up the case and send letters to 12 major OEMs, requesting equivalent data for comparison. The group includes the “Detroit Three” automakers of Ford, General Motors […]
U-POL Position: Axalta closes acquisition of U-POL
Glen Mills, Pennsylvania — Global paint-supplier Axalta announced on Wednesday that it has officially closed on their acquisition of U-POL Holdings Ltd. “The acquisition of U-POL is another step in Axalta’s growth strategy and strengthens our global leadership position in the refinish coatings segment,” said Axalta CEO Robert Bryant. “The addition of U-POL’s team, industry […]
