Author: Interview Scanning Online

GM Delays Closing $2 Billion Nikola Deal As Founder Scandal Escalates – Observer

Nikola and GM won’t close the $2 billion deal on time. Nikola Corp Hydrogen electric truck startup Nikola is facing more troubles as the company grapples with the fallout of recent short-seller attacks and the abrupt resignation of founder and chairman Trevor Milton. Nikola’s latest investor and manufacturing partner, General Motors, seems to be reconsidering the… Continue reading GM Delays Closing $2 Billion Nikola Deal As Founder Scandal Escalates – Observer

Mercedes-Benz Denies Aston Martin Takeover Plans – Ward’s Auto

The head of Mercedes-Benz denies the automaker is planning to take a controlling stake in Aston Martin. In an interview with Wards following the presentation of a new brand strategy this week, Mercedes-Benz CEO Ola Kallenius firmly squelched rumors the company was set to increase its stake in the traditional U.K. sports car maker, in… Continue reading Mercedes-Benz Denies Aston Martin Takeover Plans – Ward’s Auto

Mercedes maps out push to lift profits during electric-car shift – BNN

Mercedes-Benz, which has fixated for years on leading the auto industry in luxury-vehicle sales, will put less emphasis on volume and restructure its operations to be more profitable in the midst of a costly shift to electric cars. Daimler AG’s main division will aim for a return on sales in the mid to high single-digit… Continue reading Mercedes maps out push to lift profits during electric-car shift – BNN

Ineos in link to Mercedes Formula 1 buy-in – Motor1 UK

Former grand prix boss Eddie Jordan fuelled speculation about the move in an interview with the Mail on Sunday, as he suggested that Ineos and its CEO was about to launch a £700 million buyout of the Mercedes F1 team. Jordan said: “The ownership of the team is going to be taken over by Sir… Continue reading Ineos in link to Mercedes Formula 1 buy-in – Motor1 UK

GM CEO Mary Barra: Our $2 billion deal with Nikola ‘validates’ our electric vehicle technology – Yahoo Tech

TipRanks Oppenheimer: These 2 Stocks Are Poised to Surge by Over 100% When it comes to the market’s wild swings, is the glass half empty or half full? Oppenheimer’s chief investment strategist John Stoltzfus is taking the latter view.Despite the volatility that has ruled the market over the last few weeks, Stoltzfus actually likes what… Continue reading GM CEO Mary Barra: Our $2 billion deal with Nikola ‘validates’ our electric vehicle technology – Yahoo Tech

Daimler CEO says demand has stabilised from corona lows – ETAuto.com

Kaellenius said Daimler’s talks with Ineos about selling its plant in Hambach, France were at a “very advanced stage” but declined to elaborate further pending the ongoing nature of negotiations. SINDELFINGEN: Daimler Chief Executive Ola Kaellenius said global demand for Mercedes-Benz cars has stabilised from a sharp drop in sales triggered by the coronavirus crisis.… Continue reading Daimler CEO says demand has stabilised from corona lows – ETAuto.com

Q&A: FCA’s Mark Stewart on building a new auto assembly plant during a pandemic, jobs for Detroiters – Crain’s Detroit Business

Mark Stewart arrived at Fiat Chrysler Automobiles’ North American headquarters in Auburn Hills just weeks before Christmas of 2018 after a two-year stint overseeing package fullfillment operations for Amazon. It came at a time of major change at FCA following the July 2018 death of the global automaker’s turnaround virtuoso Sergio Marchionne, Mike Manley’s asscension… Continue reading Q&A: FCA’s Mark Stewart on building a new auto assembly plant during a pandemic, jobs for Detroiters – Crain’s Detroit Business

The Incredible Shrinking GM: Mary Barra Bets That Smaller Is Better – The Wall Street Journal

Nearly a decade ago, Toyota Motor Corp. dethroned General Motors Co. as the world’s largest car company, leaving some GM executives wringing their hands. Mary Barra wasn’t among them. When she took the CEO job in early 2014, she inherited a company that for decades was so large and unwieldy executives sometimes didn’t know whether… Continue reading The Incredible Shrinking GM: Mary Barra Bets That Smaller Is Better – The Wall Street Journal