Jaguar Land Rover and BMW are teaming up on new electric drive technologies
BMW bought Rover Group, which then included Jaguar and Land Rover brands for $902 million in 1994. It then sold Jaguar Land Rover to Ford in 2000 for $2.7 billion.The theory behind collaborations such as this is that both companies will benefit from shared research, engineering and production costs, as well as economies of scale in their purchases from suppliers.
A team of JLR and BMW experts will engineer the electric-drive units, but each partner will be able to customize them for their respective range of vehicles. Each company will manufacture its own units. JLR will produce them at its Wolverhampton engine manufacturing centre, where it has 1,600 workers. Battery packs will be assembled in Hams Hall, near Birmingham.I have worked through three recessions, chronicled the rise of Asia and European automakers in the U.S., the bankruptcies of General Motors and Chrysler, and witnessed t...
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why this former Facebook executive keeps investing in A.I. and messaging start-upsAnand Chandrasekaran once worked on Facebook Messenger. Now, he's investing in start-ups that leverage AI and messaging technologies.
Consulte Mais informação »
Paris cracks down on electric scootersMayor Anne Hidalgo and police want to limit speeds of electric scooters to 20 kilometres per hour in most areas as they cause accidents and disorder in Paris.
Consulte Mais informação »
The technology industry is rife with bottlenecksTo globalised technology firms, the contest between America and China feels like a nightmare
Consulte Mais informação »
Electric-scooter startups are becoming more cautiousSome cities are banning electric scooters as dangerous or deadly incidents arise
Consulte Mais informação »
Raytheon and United Technologies are reportedly in talks to merge in an all-stock dealAfter Huawei was cut off from sales of American technology, Chinese government officials are warning big technology companies that they will face big consequences for excluding Chinese companies from the sales of American technology.
Consulte Mais informação »