Posted on Jul 15, 2020 at 8:28 p.m. They wanted to give substance to their project, to put aside the impersonal term “New Co”. PSA and FCA, who have to merge , save for a setback, at the beginning of next year, have found their future name: it will be Stellantis, from the Latin verb… Continue reading PSA and Fiat Chrysler have chosen their future name: Stellantis
Author: Les Echos (French)
Automobile: 100,000 conversion bonuses already granted
Posted on Jul 2, 2020 at 6:08 p.m. “The automobile recovery plan is effective! “Following the meeting of major players in the sector held Thursday morning, the Minister of the Economy, Bruno Le Maire, welcomed the first results of the vast support plan to the industry, announced on May 26 and launched without delay. In… Continue reading Automobile: 100,000 conversion bonuses already granted
Amazon strengthens in autonomous vehicles with Zoox
It’s confirmed, Amazon will expand its empire a little more by heading to the world of mobility . The retail giant has indeed confirmed Friday the acquisition of the young American shoot Zoox, specializing in autonomous vehicles. While the coronavirus crisis has benefited him, the company is investing in a sector where many ambitions have… Continue reading Amazon strengthens in autonomous vehicles with Zoox
Renault: Luca de Meo says “optimistic and confident”
It was with great ease and in perfect French, barely tinged with a slight accent, that Luca de Meo spoke to Renault shareholders on Friday. Expected as the messiah to the general management of the Losange, the Italian leader declared himself “a little moved” by starting his little speech of presentation during the general assembly… Continue reading Renault: Luca de Meo says “optimistic and confident”
Coronavirus: BMW cuts 6,000 jobs and breaks with Daimler
BMW presses the brake on spending, against the background of the coronavirus crisis. The Bavarian automaker confirms, this Friday, its intention to cut 6,000 jobs in 2020, in particular via retirements. As a reminder, the group employed around 126,000 people at the end of 2019. “After the existing flexibility measures,” including short-time working, “additional measures… Continue reading Coronavirus: BMW cuts 6,000 jobs and breaks with Daimler
PSA / FCA: what remedies to get the green light from Brussels?
Carlos Tavares, Chairman of the PSA Management Board, repeatedly affirmed : the project to merge the French carmaker with Fiat Chrysler (FCA) is highly strategic, and the two groups are ready to make “all the concessions necessary” to obtain the precious sesame of Brussels. Now that the Commission has announced the initiation of a full… Continue reading PSA / FCA: what remedies to get the green light from Brussels?
Forsee Power dreams of seeing electric buses becoming widespread in France
France, land of industrialization of the electric vehicle? Christophe Gurtner, CEO of Forsee Power, is delighted with the speeches hammered in recent weeks by public authorities. His company, created in 2011, specializes in the design and manufacture of battery systems for light vehicles (2 or 3 wheels), and for heavy vehicles (especially buses). And the… Continue reading Forsee Power dreams of seeing electric buses becoming widespread in France
Volkswagen falls behind in electrics
It may not be in 2020 that Volkswagen will double Tesla – at least on the number of electric cars sold. While the chairman of the board of the German giant, Herbert Diess, openly displayed at the beginning of the year his hope to “overtake the firm of Elon Musk […] to dominate the electric… Continue reading Volkswagen falls behind in electrics
Volkswagen plunges into governance crisis
The crisis that has been rumbling for several weeks within the world’s largest automaker has erupted. The supervisory board of Volkswagen announced Monday evening that Herbert Diess, the boss of the group, renounces the presidency of the eponymous brand. From 1 July, Ralf Brandstätter, its operational director, will take command of the German manufacturer’s standard.… Continue reading Volkswagen plunges into governance crisis
Makoto Uchida: “Nissan and Renault must support each other, provided the competitiveness is there”
Nissan, like its partner Renault, is at a turning point in its history. The Japanese manufacturer, whom the coronavirus crisis surprised even while it was going through a serious financial crisis, announced at the end of May a net loss of 6 billion euros on its last financial year, as well as a vast transformation… Continue reading Makoto Uchida: “Nissan and Renault must support each other, provided the competitiveness is there”