By Shirley Li
Beijing hosted the world’s first ever Formula E (electric motor car) race Saturday, featuring 10 teams of two drivers each weaving through a circuit around the city’s Olympic Park.
Daily Archives: September 16, 2014
Tesla shares Tumble After Analyst Raises Cautions About Growth
By Keith Naughton
One of Tesla’s strongest supporters on Wall Street issued a cautious report on the maker of luxury electric cars today, sending its shares skidding 9.1 percent.
ZF to purchase TRW for $105.60 a share
German partsmaker ZF Friedrichshafen has reached a deal to buy U.S.-based TRW Automotive Holdings for $105.60 a share, completing a supply chain megadeal that has been in the works since mid-July.The transaction will create the world’s second-largest auto supplier with pro forma combined revenue of about €30 billion ($41 billion) and 138,000 employees, ZF and TRW said in separate statements.
Toyota C-HR crossover concept to debut in Paris
The Japanese manufacturer announced it will unveil its new compact crossover concept, dubbed the C-HR, to the Paris Motor Show in October.
