PARIS (Reuters) – Renault (RENA.PA) is in talks with the French government to secure a state-backed loan worth several billion euros to shore up its liquidity during the coronavirus pandemic, the French carmaker said on Thursday. FILE PHOTO: The logo of French carmaker Renault is seen before the company’s 2019 annual results presentation at their… Continue reading Renault seeks state-backed loan to build cash buffer
Category: News Type
UK’s Aston Martin plans to restart St Athan unit, cuts executives’ pay
FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint Athan, Wales, Britain December 6, 2019. REUTERS/Rebecca Naden/File Photo (Reuters) – Aston Martin (AML.L) said on Thursday it plans to restart its St Athan factory in south Wales on May 5 and will also resume operations at Gaydon later, after the… Continue reading UK’s Aston Martin plans to restart St Athan unit, cuts executives’ pay
Volvo beats first-quarter forecasts but warns of truck order cancellations
STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) on Thursday warned of weakening truck demand despite reporting a smaller-than-expected fall in quarterly operating earnings helped by service sales. FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo Its net order intake… Continue reading Volvo beats first-quarter forecasts but warns of truck order cancellations
Auto companies in no hurry to restart operations as road slowly opens up
For Bajaj Auto, which generates about half its revenue from overseas, the approval has come in for its Waluj plant. New Delhi | Mumbai: The authorities have given the green light to truck-maker Ashok Leyland to start three of its plants, while Bajaj Auto has got the approval to resume production at its exports-focused unit… Continue reading Auto companies in no hurry to restart operations as road slowly opens up
Truck maker Volvo profit falls less than expected amid pandemic pain
FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) reported a smaller-than-expected fall in quarterly operating earnings on Thursday as service sales held up in the face of tumbling sales and orders of… Continue reading Truck maker Volvo profit falls less than expected amid pandemic pain
Kia Motors exploring second plant in India
Kia Motors India, which in its first year of commercial operations has turned into a challenger brand with robust sales of 84,903 units in just eight months, is pulling out all stops to be future-ready in terms of manufacturing capacity. This means, in addition to its existing 300,000 units-per-annum-capacity plant at Anantapur in Andhra Pradesh,… Continue reading Kia Motors exploring second plant in India
Renault’s first-quarter sales fall, outlook still unclear
FILE PHOTO: The logo of French carmaker Renault is seen before the company’s 2019 annual results presentation at their headquarters in Boulogne-Billancourt, near Paris, France, February 14, 2020. REUTERS/Gonzalo Fuentes/File Photo PARIS (Reuters) – French carmaker Renault (RENA.PA) on Thursday posted a 19.2% drop in first-quarter revenue to 10.13 billion euros ($10.97 billion), and said… Continue reading Renault’s first-quarter sales fall, outlook still unclear
Continuous Development of our Mobility Platform
Coauthored with Pascal Rodriguez and Gregory Marti I remember our early production deployments at Bestmile, back in 2016. There were three main software components at the time. The “core” component — holding the seed of Bestmile’s Fleet Orchestration Platform; our homemade API Gateway — holding the plumbing around the core; and finally, the Dashboard web front-end. This early version of… Continue reading Continuous Development of our Mobility Platform
Kia Motors to halt operations at two domestic factories on some days in April, May: union
FILE PHOTO: The logo of Kia Motors is pictured on a car at Kia Motors manufacturing plant in Pesqueria, on the outskirts of Monterrey, Mexico May 8, 2019. REUTERS/Daniel Becerril/File Photo SEOUL (Reuters) – South Korean automaker Kia Motors (000270.KS) plans to suspend operations at two of its domestic factories from April 27 to May… Continue reading Kia Motors to halt operations at two domestic factories on some days in April, May: union
Detroit automakers, UAW to continue talks over reopening U.S. plants
FILE PHOTO: An American flag flies in front of the United Auto Workers union logo on the front of the UAW Solidarity House in Detroit, Michigan, September 8, 2011. REUTERS/Rebecca Cook/File Photo (Reuters) – The United Auto Workers (UAW) said late Wednesday discussions are still underway with Detroit’s Big Three automakers to safely restart U.S.… Continue reading Detroit automakers, UAW to continue talks over reopening U.S. plants