Category: Official Press Release

@GM: Ultium Cells LLC Starts Ground Prep on New Electric Vehicle Battery Cell Facility in Lordstown

Ultium Cells LLC Starts Ground Prep on New Electric Vehicle Battery Cell Facility in Lordstown 2020-05-19 LORDSTOWN, Ohio – Ultium Cells LLC is the name of the General Motors and LG Chem joint venture for cell manufacturing. Construction has started with ground prep activities for the future site of the Ultium battery cell manufacturing facility… Continue reading @GM: Ultium Cells LLC Starts Ground Prep on New Electric Vehicle Battery Cell Facility in Lordstown

@VW Group: Volkswagen is publishing reports about a special audit of the Environmental Management Systems

Today Volkswagen is publishing the third and final series of reports from an Environmental Management System special audit, conducted in 2019, which is required by the U.S. Department of Justice and California Third Partial Consent Decrees (“Consent Decrees”) entered into by Volkswagen in 2017. The Consent Decrees require Volkswagen to retain an independent third party… Continue reading @VW Group: Volkswagen is publishing reports about a special audit of the Environmental Management Systems

@VW Group: All Volkswagen retail partners agree new sales model for ID. family

All Volkswagen retail partners have signed the agreement for the new sales model for vehicles from the all-electric ID. family. The sales launch of the ID.3 marks the start of the agency model for private customers and small commercial enterprises that has already proven its worth for major customers over many years. The benefit for… Continue reading @VW Group: All Volkswagen retail partners agree new sales model for ID. family

@Toyota: Toyota is conducting a safety recall involving certain RAV4 vehicles

PLANO, Texas (May 20, 2020) – Toyota is conducting a safety recall involving certain 2019 – 2020 Model Year RAV4 and RAV4 Hybrid vehicles in the United States. Approximately 9,500 vehicles are involved in this recall. The front lower suspension arms, which connect to the front wheels, on the subject vehicles may have been manufactured with… Continue reading @Toyota: Toyota is conducting a safety recall involving certain RAV4 vehicles

@Groupe PSA: Press Release: General Meeting 25 June, 2020

The Annual General Shareholders Meeting of Peugeot S.A. will be held on June 25, 2020 behind closed doors Given the state of health emergency linked to the Covid-19 epidemic, the Managing Board of Peugeot S.A., in agreement with the Supervisory Board, decided, pursuant to ordinance n° 2020-321 of March 25, 2020, to convene the Annual… Continue reading @Groupe PSA: Press Release: General Meeting 25 June, 2020

Ferrari Announces Offering of Notes  

Maranello, 20 May, 2020 – Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that it plans to offer unsecured debt securities (the “Notes”) in benchmark size and subject to market conditions. The Notes are intended to rank pari passu with respect to all other outstanding unsecured and unsubordinated obligations of Ferrari.Ferrari intends to use the net… Continue reading Ferrari Announces Offering of Notes  

LEAKED: Europe’s draft ‘green recovery’ plan

The European Commission’s promised green recovery plan will focus on building renovation, renewables and hydrogen as well as clean mobility and the circular economy.Yesterday, EURACTIV got hold of a draft presented as “a working document” related to the green aspects of the recovery plan.On the funding side, the Commission plans to launch a “European Renovation Financing Facility”, tentatively financed with €91 billion per annum and blended with other sources of funding to reach €350 billion in investment per year.