With effect from 3 February 2014, international automotive supplier Continental has taken over full ownership of its former joint venture, Zytek Automotive, based in the UK.
It previously had a 50% shareholding in Zytek Automotive. Both companies have agreed not to disclose the price for the acquisition.
Ford says it has increased production of the Fiesta at its German plant in Cologne to satisfy growing demand for the subcompact model.
The latest General Motors recall is a serious problem: more than a million cars are at risk, and the mechanical problem (a faulty ignition switch) is responsible for at least 13 deaths. With a mess like this, sometimes Jon Stewart has to be the voice of reason.
A U.S. Senate panel raised the prospect of criminal prosecution and promised more hearings over General Motors’ failure to fix a defective ignition switch, as GM CEO Mary Barra withstood intense questioning from lawmakers frustrated by a lack of answers.
Telefonica will provide Machine-To-Machine (M2M) connectivity for the Tesla Model S in Europe.
Telefonica and its M2M World Alliance partners will provide connectivity for Model S across multiple countries in Europe, including in Germany and the United Kingdom on Telefonica’s O2 network, in Spain on Movistar, and in the Netherlands on KPN.
