Category: Official Press Release

GM to Convert More than 650 U.S. Temporary Employees to Full-Time Status in January

DETROIT, Jan. 4, 2021 /PRNewswire/ — Wages, profit sharing opportunity and benefits set to rise for new full-time employees Team members at nine sites in four states to see significant gains General Motors Co. (NYSE: GM) announced today that more than 650 hourly employees at its sites in the U.S. will transition from temporary to… Continue reading GM to Convert More than 650 U.S. Temporary Employees to Full-Time Status in January

@Ford: Ford Names Andrew Frick as Head of Sales for U.S. and Canada; Mark LaNeve Caps Successful Tenure at Ford

DEARBORN, Mich., Jan. 4, 2020 – Ford Motor Company today announced that Andrew Frick has been appointed vice president, Sales, U.S. and Canada, effective today. He is succeeding Mark LaNeve, who has elected to depart Ford after an accomplished career as a senior marketing and sales leader in order to pursue the next chapter of… Continue reading @Ford: Ford Names Andrew Frick as Head of Sales for U.S. and Canada; Mark LaNeve Caps Successful Tenure at Ford

@FCA: FCA announces conditional special cash distribution

IMPORTANT NOTICEBy reading the following communication, you agree to be bound by the following limitations and qualifications:This communication is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an invitation to exchange,… Continue reading @FCA: FCA announces conditional special cash distribution

Aeva, Inc. and InterPrivate Acquisition Corp. Announce $200 Million Investment from Sylebra Capital in Support of Business Combination

Under the terms of the agreement, Sylebra, a current holder of InterPrivate common stock, has committed to purchase an additional $200 million of InterPrivate common stock in connection with the expected closing of the business combination. Sylebra has also entered into a one-year lock-up agreement on the majority of its investment, and will vote all… Continue reading Aeva, Inc. and InterPrivate Acquisition Corp. Announce $200 Million Investment from Sylebra Capital in Support of Business Combination

Magna Expands With Fisker: Secures Full ADAS System Business

Complements EV platform sharing, vehicle engineering and manufacturing cooperationDelivers complete set of ADAS features and unique suite of software packagesIncludes first-to-market digital imaging radar technologyAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) —  Magna today confirmed that it is collaborating with Fisker to develop an Advanced Driver Assistance System (ADAS), which will be applied to the… Continue reading Magna Expands With Fisker: Secures Full ADAS System Business

New Year Brings New CEO for Magna

21-year company veteran Swamy Kotagiri takes the helm at MagnaFormer Magna President and CTO blends strategic vision, leadership capabilities and technical expertiseAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) — Last October, Magna’s Board of Directors announced the appointment of Swamy Kotagiri as Magna’s next Chief Executive Officer, effective January 1, 2021. Today, Kotagiri begins his… Continue reading New Year Brings New CEO for Magna

World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690

Hyundai Motor Group, South Korea’s top automaker, will accelerate its drive to morph into a future mobility solutions provider this year to better compete with rivals, the group’s chief said Monday. To strengthen its presence in the eco-friendly vehicle market, the group’s main affiliate Hyundai Motor Co. plans to launch the IONIQ 5, the first… Continue reading World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690

@Hyundai: Looking into E-GMP: A Balance of Function and Sensibility

Q. EVs based on ICEV platforms are quite practical and efficient themselves. What makes the PE System on the E-GMP even better than them? As you say, EVs built on ICEV platforms are quite efficient as is. But they do have some concrete limits, stemming from the fact they are developed on an ICEV platform… Continue reading @Hyundai: Looking into E-GMP: A Balance of Function and Sensibility

@Nio: 000176

On January 3, NIO provided its December and 2020 full-year delivery results. NIO delivered 7,007 vehicles in December, increasing by 32.4% month-over-month, setting a new record for five consecutive months, and by 121% year-over-year, registering its ninth straight month of twofold growth since April. For the full year, NIO delivered 43,728 vehicles in 2020, representing… Continue reading @Nio: 000176