Official Press Release – Page 31496 – I wish I had more to offer

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@Ford: Ford, Mahindra End Discussions for Auto Joint Venture

DEARBORN, Mich., Dec. 31, 2020 – Ford Motor Company and Mahindra & Mahindra have mutually and amicably determined they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the Dec. 31 “longstop,” or expiration, date of a definitive agreement the organizations entered into in October… Continue reading @Ford: Ford, Mahindra End Discussions for Auto Joint Venture

@Ford: Ford Urges Nation to #FinishStrong in Battle Against COVID; New Initiative Kicks Off Jan. 1 as Vaccines Start to Roll Out

Ford will launch #FinishStrong, a public call to action initiative starting Jan. 1, encouraging Americans to pull together and keep acting to protect each other until COVID-19 vaccines become more widely available; health officials estimate doing so could save 50,000* lives in the months ahead Award-winning filmmaker Peter Berg created the program launch message,… Continue reading @Ford: Ford Urges Nation to #FinishStrong in Battle Against COVID; New Initiative Kicks Off Jan. 1 as Vaccines Start to Roll Out

@niche: Mullen Technologies Receives Letter of Intent for Purchase Order of 1,500 MX-05 Electric Vehicles000410

Letter of Intent to serve as basis for definitive agreements for an initial purchase order of 1,500 MX-05s and up to and additional 8,500 by 2025. BREA, CA / ACCESSWIRE / December 30, 2020 / Mullen Technologies Inc. (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, which previously announced a definitive agreement to merge… Continue reading @niche: Mullen Technologies Receives Letter of Intent for Purchase Order of 1,500 MX-05 Electric Vehicles000410

World NM: BMW’s Chinese Partner Cancels Hong Kong Share Pledge Amid Debt-Dodging Complaints000671

The parent of BMW AG’s main Chinese joint-venture partner has canceled a plan to pledge shares in a Hong Kong-listed subsidiary for loans amid accusations that the state-owned automaker was deliberately failing to pay its debts. Liaoning Xinrui Automotive Industry Development Co. Ltd., a wholly owned subsidiary of Brilliance Auto Group Holdings Co. Ltd., has… Continue reading World NM: BMW’s Chinese Partner Cancels Hong Kong Share Pledge Amid Debt-Dodging Complaints000671

World NM: Honda will stop supplying cars to Russia in 2022000668

MOSCOW, December 30. /TASS/. Honda’s Russian subsidiary, Honda Motor Rus, will stop delivering new cars to Russia during 2022, the company said on Wednesday. Honda Motor Rus, subsidiary of Honda Motor Co., announced termination of deliveries of new cars to authorized dealers in Russia during 2022, the company said. According to the statement, the decision… Continue reading World NM: Honda will stop supplying cars to Russia in 2022000668

World NM: Britain and Turkey secure continued tariff-free trade deal worth $25B000666

Britain and Turkey signed a trade deal Tuesday to continue tariff-free trading that was worth $25 billion last year. Britain has reached trade deals with 62 countries and the European Union in under two years as part of the government’s goal to secure free trade with countries that cover 80% of their trade in three… Continue reading World NM: Britain and Turkey secure continued tariff-free trade deal worth $25B000666

@FCA: FCA Italy Extends Sponsorship Agreement with Juventus Football Club S.p.A.

FCA Italy Extends Sponsorship Agreement with Juventus Football Club S.p.A. FCA Italy S.p.A. (“FCA Italy”), a wholly owned subsidiary of Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) announced today that it has agreed to extend until June 2024 its sponsorship agreement with Juventus Football Club S.p.A (“Juventus”). The agreement contemplates a yearly base… Continue reading @FCA: FCA Italy Extends Sponsorship Agreement with Juventus Football Club S.p.A.

@Geely: Kandi Enters into Strategic Cooperation Agreement with Agricultural Bank of China Hangzhou Branch

Jinhua, China, Dec. 29, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it entered into a strategic cooperation agreement with the Hangzhou Branch of the Agricultural Bank of China.Given China’s effort to both encourage the battery swap model for electric vehicles and to support a… Continue reading @Geely: Kandi Enters into Strategic Cooperation Agreement with Agricultural Bank of China Hangzhou Branch

@Mazda: Mazda Production and Sales Results for November 2020

TOKYO, Dec 28, 2020 – (JCN Newswire) – Mazda Motor Corporation’s production and sales results for November 2020 are summarized below. I. Production 1. Domestic Production Mazda’s domestic production volume in November 2020 decreased 3.8% year on year due to decreased production of passenger and commercial vehicles. [Domestic production of key models in November 2020]CX-5:… Continue reading @Mazda: Mazda Production and Sales Results for November 2020