Following the top management succession plans announced on December 20, today Mahindra & Mahindra announced further changes in the Group Corporate Office as well as within the Auto and Farm Sectors, effective April 1, 2020. Auto and Farm SectorsWhile Rajan Wadhera will retire and step down from his executive role as President – Auto Sector,… Continue reading Mahindra & Mahindra announces second round of top management reshuffle
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Indianapolis to End EV Carsharing Service BlueIndy
According to documents, Blue Indy had a deficit of $22 million in 2017. Photo via Depositphotos. Indianopolis’ electric carsharing service BlueIndy will be ending its operations effective May 21, according to the Indianapolis Business Journal. Paris-based BlueIndy launched in September 2015, backed by logistics company Bollore and billionaire Vincent Bollore. The group had projected it would be… Continue reading Indianapolis to End EV Carsharing Service BlueIndy
Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan are to jointly acquire a 30 percent ownership stake in HERE Technologies. The companies are co-investing in Here via their newly established, jointly owned holding company ‘COCO Tech Holding’ B.V. in the Netherlands. The transaction is expected to close in the first half of… Continue reading Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
‘Toyota Inside’ strategy kicks off in China with fuel cells
BEIJING — Toyota Motor has begun supplying key components for fuel cell vehicles to other companies in China, seeking to emulate the way Intel came to dominate the microprocessor business as Taiwanese players built personal computers using its chips. Components being provided by the Japanese automaker include fuel cell stacks, which generate electricity through the… Continue reading ‘Toyota Inside’ strategy kicks off in China with fuel cells
Amazon’s van-buying spree delivers a gift to auto industry
Gabrielle Coppola, Bloomberg News Published 7:14 p.m. ET Dec. 20, 2019 The Amazon.com Inc. vans parked outside apartment buildings and along suburban cul de sacs aren’t just bearing gifts to online shoppers this holiday season. The e-commerce giant’s home-delivery push has been a boon to automakers, too. Amazon announced the order of 100,000 electric delivery… Continue reading Amazon’s van-buying spree delivers a gift to auto industry
Mazda shifts Thai SUV production to Japan as baht soars
TOKYO — Mazda Motor will review its production footprint in Thailand, Southeast Asia’s top automotive hub, and move the assembly of some models to Japan, as the automaker combats the continued appreciation of the baht against key currencies. Mazda will relocate the production of CX-3 sport utility vehicles meant for the Australia market to a factory in the western… Continue reading Mazda shifts Thai SUV production to Japan as baht soars
Tesla nears land deal for German gigafactory outside of Berlin
Tesla is making progress on its plan to build its European gigafactory in Berlin, Bloomberg reports. The Elon Musk-run automaker is working with state officials in Brandenburg on the contract to secure around 740 acres of land just outside Berlin in Gruenheide, and the government has agreed to the contract as currently written and is… Continue reading Tesla nears land deal for German gigafactory outside of Berlin
3.2 billion euros in aid for European batteries
The European battery production sector is gaining momentum. The European Commission has just authorized seven member states to devote 3.2 billion euros in public aid to the development and production of these precious automotive components. This amount, resulting from the cumulative contributions from Germany (1.25 billion euros), France (960 million), Italy (570 […]Read the article… Continue reading 3.2 billion euros in aid for European batteries
Nissan LEAF Gets A Price Cut In The UK
Just in time for Christmas, too. Struggling with what to get your loved ones for Christmas? Well Nissan may have an answer, because it’s cutting the price of its best-selling Leaf electric car over the festive period. The Sunderland-built car, the world’s best-selling EV, has been dropped in price by £1,650 across the entire range, meaning… Continue reading Nissan LEAF Gets A Price Cut In The UK
Autoblog Podcast #608: Robert Bollinger interview – Autoblog
In this week’s Autoblog Podcast, Editor-in-Chief Greg Migliore and Senior Editor, Green, John Beltz Snyder visit Bollinger Motors to speak with the startup’s CEO and founder Robert Bollinger. We talk about the B1 and B2 electric trucks, and Bollinger’s inspiration for creating them in the first place. He offers insights into what goes into creating… Continue reading Autoblog Podcast #608: Robert Bollinger interview – Autoblog