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Toshiba splitting into three companies; first such spin-off scheme for a Japanese company of this size

Green Car Congress

Toshiba Corporation intends to split itself into three standalone companies: Infrastructure Service Co. Toshiba , holding its shares in Kioxia Holdings Corporation (KHC) and Toshiba Tec Corporation. Toshiba , holding its shares in Kioxia Holdings Corporation (KHC) and Toshiba Tec Corporation.

Companies 321
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Sumitomo Corporation of Americas makes strategic investment in hydrogen fuel provider OneH2

Green Car Congress

Sumitomo Corporation of Americas (SCOA), the largest subsidiary of Sumitomo Corporation, one of the world’s largest traders of goods and services, has invested in OneH2, a hydrogen fuel company headquartered in Longview, North Carolina. Their solution is both mobile and scalable.

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Daimler to split into two pure-play companies: cars & vans, trucks & buses

Green Car Congress

Daimler plans a fundamental change in its structure, splitting into two independent pure-play companies: Mercedes-Benz Cars & Vans, and Daimler Truck, which will be a spin-off the current Truck and Bus business. It represents the start of a profound reshaping of the company. This is a historic moment for Daimler.

Companies 497
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XL Fleet going public via merger with SPAC Pivotal Investment Corporation II; expanding fleet portfolio to all-electric solutions

Green Car Congress

XL Fleet and Pivotal Investment Corporation II, a publicly traded special purpose acquisition company (SPAC), have recently entered into a definitive merger agreement. SPACs, which raise money through an IPO for the purpose of acquiring an existing company, have existed for decades, but have surged recently.

Fleet 448
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Forty percent of BMW’s CY23 sales came from corporate customers | Autocar Professional

Baua Electric

BMW Group India, which registered 18 percent year-on-year (YoY) growth in CY23 , by cumulatively selling 14,172 cars under its BMW and Mini brands, also registered a 56 percent growth in corporate sales last year. These niche products are growing rapidly, and are expected to grow, but on a low base,” Pawah said.

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Canadian company AK Motor International introduces new EV brand: Maple Majestic

Green Car Congress

Canada-based AK Motor International Corporation, an automotive intellectual property management company, is launching a new electric vehicle brand: Maple Majestic. This in turn translates to lower sales in relatively cold regions of the world. Climate Friendly driving does not necessarily mean an SUV, says the company.

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Fuji Heavy Industries to change company name to Subaru Corporation

Green Car Congress

the manufacturer of Subaru vehicles, will change its company name to Subaru Corporation with effect from 1 April 2017 (tentatively). Implementation of the name change is subject to shareholder approval for amendments to the company’s Articles of Incorporation at the 85 t h General Meeting of Shareholders scheduled for 28 June 2016.