Category: News Site

Electrified Russian GAZelle NeXT Goes On Sale In Germany

Electric GAZelle NEXT vans go on sales in Germany The E-35 electric series of commercial vehicles based on GAZelle NEXT has now new members in its family: a double cabin version, a van and a van bus. EFA-S GmbH, a German partner of GAZ, is building electric vehicles on the Russian GAZelle NeXT LCV made… Continue reading Electrified Russian GAZelle NeXT Goes On Sale In Germany

Britishvolt And AMTE Power Outline Plan For Battery Gigafactory In UK

AMTE Power and Britishvolt sign MoU for UK’s landmark battery Giga Factory London, 20.05.20: AMTE Power and Britishvolt are pleased to announce plans to investigate collaborating to build the UK’s first full cycle battery cell GigaPlant, servicing the automotive and energy storage markets. Both parties have signed a memorandum of understanding (MoU) focussed on each… Continue reading Britishvolt And AMTE Power Outline Plan For Battery Gigafactory In UK

UPDATE 2-Aston Martin chief to leave, Mercedes-AMG CEO to replace him – source

(Reuters) – Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday. Andy Palmer, President and Group CEO, Aston Martin Lagonda, speaks at the opening of the new… Continue reading UPDATE 2-Aston Martin chief to leave, Mercedes-AMG CEO to replace him – source

Aston Martin sacks chief Andy Palmer after shares plunge

Aston Martin Luxury car maker expected to hire Mercedes-AMG’s Tobias Moers as next CEO, as value falls to below £500m Andy Palmer, present CEO of Aston Martin, in 2018 as the company was floated on the London stock exchange. Photograph: Tolga Akmen/AFP/Getty Images Aston Martin is sacking its chief executive, Andy Palmer, following a 98%… Continue reading Aston Martin sacks chief Andy Palmer after shares plunge

Aston Martin boss Andy Palmer set to be replaced by AMG boss Moers

Aston Martin boss Andy Palmer will be replaced at the helm of the company by AMG boss Tobias Moers on Tuesday, according to a report in the Financial Times. The British sports car maker has responded to the report by saying it has no comment to make, neither confirming nor denying the story. Palmer’s position… Continue reading Aston Martin boss Andy Palmer set to be replaced by AMG boss Moers

Aston Martin’s chief to leave as a part of shake-up: FT

Andy Palmer, President and Group CEO, Aston Martin Lagonda, speaks at the opening of the new factory in Saint Athan, Wales, Britain December 6, 2019. REUTERS/Rebecca Naden (Reuters) – Aston Martin (AML.L) Chief Executive Andy Palmer is leaving the business as part of a shake-up, the Financial Times reported on Sunday. The luxury carmaker will… Continue reading Aston Martin’s chief to leave as a part of shake-up: FT

Jaguar Land Rover in talks over government loan

Jaguar Land Rover (JLR) is in talks with the government to secure a loan of more than £1bn, following a drop in sales during the coronavirus pandemic. According to reports, the carmaker has been in discussions for weeks about a support package. JLR, which is owned by India’s Tata Motors, has seen sales plunge by… Continue reading Jaguar Land Rover in talks over government loan

Hertz Files for Chapter 11 Bankruptcy

Hertz reported $18.8 billion in debt in its first quarter filing. Photo via Flickr/Atomic Taco Hertz Global Holdings announced on May 22 that the company and certain of its U.S. and Canadian subsidiaries have filed for Chapter 11 bankruptcy. All of Hertz’s businesses globally, including its Hertz, Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen… Continue reading Hertz Files for Chapter 11 Bankruptcy