PORTFOLIO NEWS China-based autonomous driving startup WeRide announced in Summer 2021 that it will deepen joint development with Nissan of autonomous driving technology for the Chinese market. The announcement comes as the company raised $310 million to reach a valuation of $3.3 billion. Led by founder Tony Han, the company is developing Level 4 autonomous… Continue reading @Renault-Nissan-Mitsubishi: Chinese driverless car company WeRide launches self-driving vans for deliveries
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Ferrari Releases Its 2021 Annual Report and Files Annual Report on Form 20-F
Maranello (Italy), February 25, 2022 – Ferrari N.V. (NYSE/EXM: RACE) announced today that it has published its 2021 Annual Report and filed its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2021, with the United States Securities and Exchange Commission. Ferrari’s 2021 Annual Report and annual report on… Continue reading Ferrari Releases Its 2021 Annual Report and Files Annual Report on Form 20-F
Yamaha sharpens India focus for mobility services
India finds an interesting mention in Yamaha Motor Co’s medium-term management plan (2022-24) presented in Japan on February 10. “In the area of mobility services, we will establish new companies in India and Nigeria and expand our asset management business through collaborations with local partners.” The significance of this statement is still not clear though… Continue reading Yamaha sharpens India focus for mobility services
Honda Cars’ new chief has his task cut out
Takuya Tsumura who takes over as President and CEO of Honda Cars India (HCIL) on 1 April 2022 is taking the helm of the Japanese brand at a time when it going through its toughest phase in India. The car manufacturer which launched cars like the Civic Hybrid at the top end and the Brio… Continue reading Honda Cars’ new chief has his task cut out
Faraday Future is preparing to actually sell its FF 91
Despite a litany of financial struggles and botched factory plans, Faraday Future has built its first production-intent car. The EV startup today unveiled the FF 91 at its Hanford, California-based plant, and announced it would begin production in Q3 of 2022. Since the best-laid plans of Faraday Future often go haywire, we won’t hold our… Continue reading Faraday Future is preparing to actually sell its FF 91
Ford among vehicle recalls this week
U.S. National Highway Traffic & Safety Administration The U.S. National Highway Traffic Safety Administration has issued recalls for February 17 through 24, including a Ford recall involving 330,784 units. See the list of this week’s car recalls involving ten or more units below, or search USA TODAY’s automotive recalls database for more: Audi Volkswagen Group… Continue reading Ford among vehicle recalls this week
@GM: Building on Commitment to Equitable Climate Action, General Motors Announces Doubling of its Climate Equity Fund
Building on Commitment to Equitable Climate Action, General Motors Announces Doubling of its Climate Equity Fund 2022-02-14 GM commits an additional $25 million to equitable climate action through its Climate Equity Fund Additional investment reinforces the urgency of ensuring an equitable and just transition to an all-electric future GM’s Climate Equity Fund has supported 21… Continue reading @GM: Building on Commitment to Equitable Climate Action, General Motors Announces Doubling of its Climate Equity Fund
January engine production falls -15.9% as pandemic pressures continue
25 February 2022 #SMMT News #UK Manufacturing UK engine production declines -15.9% on January last year, to 141,472 units. Production for domestic and overseas markets falls -29.2% and -6.2% respectively. Pandemic-related supply shortages continue to bite as rising energy costs and inflation add to challenges. Mike Hawes, SMMT Chief Executive, said, The impact of global… Continue reading January engine production falls -15.9% as pandemic pressures continue
UK commercial vehicle output begins 2022 up 22.2%
25 February 2022 #SMMT News #UK Manufacturing British commercial vehicle production starts the year up 22.2% to 6,860 units. Growth driven by export markets, up 32.1%, while output for UK customers rises 10.9%. 57.5% of all British-built CVs exported, with majority destined for EU roads. UK commercial vehicle (CV) production grew 22.2% in the first… Continue reading UK commercial vehicle output begins 2022 up 22.2%
Supply chain shortages squeeze January car output but EV surge brightens outlook
UK car production falls -20.1% in worst January since 2009 with 68,790 units leaving factory gates. Production for overseas and domestic markets down -17.5% and -30.8% respectively. Battery electric vehicle production up a third, with one in 11 cars rolling off factory lines zero emission. UK car production fell -20.1% to 68,790 units last month,… Continue reading Supply chain shortages squeeze January car output but EV surge brightens outlook