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Ford exec reveals company has no plans to make all-electric Super Duty pickup trucks

Ford Motor Co. does not intend to build all-electric Super Duty pickup trucks, a top Ford executive told industry analysts Monday. “At the moment, we do not have any plans to go into heavy duty with battery-electric vehicles,” said Kumar Galhotra, president, Americas and International Markets Group, during a forum hosted by Dan Levy of Credit Suisse. The bestselling… Continue reading Ford exec reveals company has no plans to make all-electric Super Duty pickup trucks

Lidar startup Aeva to go public via $2.1 billion SPAC merger

Aeva, a Mountain View, California-based lidar company started by two former Apple engineers and backed by Porsche SE, is merging with special purpose acquisition company InterPrivate Acquisition Corp., with a post-deal market valuation of $2.1 billion. The deal with InterPrivate, which is led by private equity investor Ahmed Fattouh, is expected to close by early… Continue reading Lidar startup Aeva to go public via $2.1 billion SPAC merger

German Manager Magazin: Billions in aid for auto suppliers: Peter Altmaier wants “bonus program” 000295

Federal Minister of Economics Peter Altmaier (62, CDU) has presented key points for a billion-dollar program with the Auto supplier to be supported in structural change. According to information from the German Press Agency, the program is intended to accelerate transformation, strengthen innovation and advance the use of data. The Ministry of Economic Affairs assumes… Continue reading German Manager Magazin: Billions in aid for auto suppliers: Peter Altmaier wants “bonus program” 000295

German Manager Magazin: Oliver Zipse, BMW: “A hard Brexit won’t kill us” 000295

BMW boss Oliver Zipse (56) sees the elections in the USA and the struggle for one Brexit trade agreement calmly. “We can get along with any government,” Zipse told journalists in Munich. And if Great Britain and the EU should collect customs duties on cars and parts from January, that would be a burden, but… Continue reading German Manager Magazin: Oliver Zipse, BMW: “A hard Brexit won’t kill us” 000295

German Manager Magazin: Federal Environment Agency imposes a fine of millions on Tesla000289

The US electric car makerTeslashould in Germany Pay a fine of over twelve million euros. According to information from “Welt am Sonntag”, this is evident from the report filed with the US Securities and Exchange Commission for the third quarter of the fiscal year. It says: “The German Federal Environment Agency (UBA) has issued a… Continue reading German Manager Magazin: Federal Environment Agency imposes a fine of millions on Tesla000289

German Manager Magazin: Ford and Volvo agree on CO2 alliance000289

The American automaker ford tries to avoid the impending CO2 penalties in Europe through an alliance with the Swedish competitor Volvo. The companies registered their alliance with the European Union on Thursday. Ford will meet the stricter rules for CO2 emissions that have been in effect since this year together with Volvo, according to company… Continue reading German Manager Magazin: Ford and Volvo agree on CO2 alliance000289

German Manager Magazin: Ford: Pickup hype makes for profit000288

The second largest US automakerfordhas increased profit significantly in the third quarter. The bottom line was that the group earned 2.4 billion dollars (2 billion euros) in the three months to the end of September after 400 million in the same period last year. Sales rose 1 percent to $ 37.5 billion, Ford announced on… Continue reading German Manager Magazin: Ford: Pickup hype makes for profit000288

German Manager Magazin: PSA and Fiat Chrysler with robust figures in the merger, Opel sales extremely weak000288

Before the crucial phase of the merger with Fiat Chrysler can he OpelParent companyPPEhave a robust business and full order books. In the third quarter, sales in the auto division rose by 1.2 percent to almost twelve billion euros. One reason is that the French group again sold more profitable vehicles such as SUVs and… Continue reading German Manager Magazin: PSA and Fiat Chrysler with robust figures in the merger, Opel sales extremely weak000288