Nissan bonds: the comfort of strangers

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German Manager Magazin: Volkswagen: Klaus Zellmer replaces Jürgen Stackmann as Chief Sales Officer000114

The automaker Volkswagen gets a new sales director. Porsche’s USA boss Klaus Zellmer will replace Jürgen Stackmann (58), who has long been controversial, in Wolfsburg, several participants confirmed to manager magazin. When asked, the company did not want to comment. About Stackmann’s withdrawal was since a few months has been speculated. He had come to… Continue reading German Manager Magazin: Volkswagen: Klaus Zellmer replaces Jürgen Stackmann as Chief Sales Officer000114

Xometry Raises $75M in Equity Funding

(PRNewsfoto/Xometry) Xometry, a Gaithersburg, Md.-based on-demand manufacturing marketplace, completed an $75M equity funding. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc. Durable Capital Partners LP and ArrowMark Partners also participated in the round, along with previous venture and strategic investors BMW i Ventures, Greenspring Associates, Dell Technologies Capital,… Continue reading Xometry Raises $75M in Equity Funding

Car makers risk missing deadline to publish WLTP figures

Car makers are “struggling” to publish all model-variant CO2 and MPG figures in time to hit the deadline for the new WLTP fuel economy rules on 1 January 2021, according to a report by industry consultant Jato Dynamics.  “This isn’t about the test itself or compliance with the test but the massive data flows to… Continue reading Car makers risk missing deadline to publish WLTP figures

India’s Ola  Electric  speeds up two-wheeler  EV  launch

Etergo, which was acquired by Ola Electric in May, will launch the App Scooter in the European market this year and in Asia next year, with India being first on the list, said one of the persons mentioned above on the condition of anonymity. The Bhavish Aggarwal-led Ola Electric is expected to locally source and manufacture… Continue reading India’s Ola  Electric  speeds up two-wheeler  EV  launch

Lucid Motors’ second vehicle is an electric SUV, the Gravity

Lucid Motors provided Wednesday a peek of the next vehicle in its all-electric lineup — an SUV called the Lucid Gravity. The Lucid Gravity follows the Air, a luxury all-electric sedan that was revealed Wednesday in a live streamed event. The Gravity, which will have the same underlying vehicle platform as the Air, is already… Continue reading Lucid Motors’ second vehicle is an electric SUV, the Gravity

Lucid Motors just unveiled a new EV that starts at $80,000 and can beat a Tesla Model S on paper — check out the Air

The Lucid Air is the very first car offered by California-based Lucid Motors. It’s an all-electric sedan. Lucid Air.Lucid Lucid says its sedan can achieve a range of 517 miles after independent range verification. Lucid Air.Lucid Lucid said FEV North America, Inc. conducted the test, applying the EPA’s Multicycle Test Procedure. In the optional dual-motor,… Continue reading Lucid Motors just unveiled a new EV that starts at $80,000 and can beat a Tesla Model S on paper — check out the Air

Europcar Announces Debt Restructuring Talks

On Tuesday, Europcar’s shares sunk by as much as 33% on the news to their lowest level on record.  Photo via Europcar.  Europcar Mobility Group said in a press announcement on Tuesday it intends to begin talks with creditors to restructure its debt. The talks look to ensure sufficient financial resources to enable the Group to… Continue reading Europcar Announces Debt Restructuring Talks