TOKYO — Ford Motor was once the model of a vertically integrated company, handling everything from growing timber to assembly finished vehicles in Michigan. Fast forward 100 years and the current auto industry is completely different — dependent on supply chains that sprawl across the planet and myriad industries. But as supply chains become more complex, so has their… Continue reading Blockchain to help automakers tame tangled chip supplies
Category: Automotive
Chief Executive Officer Louis Camilleri Retires for Personal Reasons; Executive Chairman John Elkann acting Chief Executive Officer
Maranello (Italy), 10 December 2020 – Ferrari N.V. (NYSE/MTA: RACE) (”Ferrari” or “the Company”) announces that Mr. Louis Camilleri communicated today to the Company his decision, for personal reasons, to retire with immediate effect from his role as the Company’s Chief Executive Officer and as member of the Board of Directors.Ferrari’s Executive Chairman, John Elkann,… Continue reading Chief Executive Officer Louis Camilleri Retires for Personal Reasons; Executive Chairman John Elkann acting Chief Executive Officer
New Lynk&Co Zero electric coupe-SUV begin testing
The new Lynk&Co Zero, an electric coupé-SUV built on a new dedicated EV architecture set to underpin future Volvo models, has completed its first dynamic testing in China, ahead of going on sale in the country next year. The Volkswagen ID 4 rival will be the first electric model from Geely’s Chinese premium brand, which… Continue reading New Lynk&Co Zero electric coupe-SUV begin testing
Ferrari CEO Louis Camilleri retires for ‘personal reasons’
Ferrari CEO Louis Camilleri has stepped down from his position with immediate effect. Confirmed by Maranello overnight, Camilleri has departed from his CEO role and board member position, with chairman John Elkann stepping into the former role on an interim basis. He’s also charged with finding a successor. Camilleri took over in mid-2018, shortly after former CEO Sergio Marchionne died from… Continue reading Ferrari CEO Louis Camilleri retires for ‘personal reasons’
Israel’s Innoviz goes public in $1.4 billion SPAC pact
Israel-based Innoviz Technologies, a leading player in high-performance, solid-state LiDAR sensors and perception software has entered into a definitive agreement to merge with Collective Growth Corporation in a transaction sponsored by Antara Capital and Perception Capital Partners. The transaction is supported by a $200 million (Rs 1,480 crore) fully committed common stock PIPE led by… Continue reading Israel’s Innoviz goes public in $1.4 billion SPAC pact
Battery factory planned for Wales moved to England
Britishvolt signed a memorandum of understanding (MOU) with the Welsh Government in July to build the plant in St Athan, Vale of Glamorgan. Go to Source
Solera Acquires Automotive Software Provider To Accelerate Expansion Of Its Global State-of-the-Art Bodyshop Management Solution
Solera will provide repair shop customers with an unmatched end-to-end data-driven customer journey – powered by dynamic intelligent data. WESTLAKE, Texas, Dec. 11, 2020 /PRNewswire/ — Solera Holdings, Inc. (“Solera”), a global leader in risk and asset management data and software solutions for the insurance and automotive industries, today announces the acquisition of InSyPro. This transaction… Continue reading Solera Acquires Automotive Software Provider To Accelerate Expansion Of Its Global State-of-the-Art Bodyshop Management Solution
Hyundai Motor Group to Acquire Controlling Interest in Boston Dynamics from SoftBank Group, Opening a New Chapter in the Robotics and Mobility Industry
Under the agreement, Hyundai Motor Group will hold an approximately 80% stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20% stake in Boston Dynamics after the closing of the transaction. Hyundai Motor Group’s affiliates – Hyundai Motor Co., Hyundai Mobis Co. and Hyundai Glovis Co. – and Hyundai Motor Group… Continue reading Hyundai Motor Group to Acquire Controlling Interest in Boston Dynamics from SoftBank Group, Opening a New Chapter in the Robotics and Mobility Industry
Ola appoints Julien Geffard to lead Europe EV operations
New Delhi: (File photo) Ride hailing major Ola on Friday said it has appointed Julien Geffard as the Director of Go-To-Market Strategy for its electric business in Europe as it prepares to launch its range of electric scooters in Europe in the coming months. In this role, Geffard will be responsible for building and growing… Continue reading Ola appoints Julien Geffard to lead Europe EV operations
Next generation Jaguar Land Rover interiors to be made from recycled plastic waste
Jaguar Land Rover has announced that future models will use new materials created with recycled wasteland and ocean plastic, as part of a new company-wide sustainability drive. The British company has teamed up with Italian fibre and polymer giant Aquaful, with next generation cars set to be offered with floor mats and interior trims using… Continue reading Next generation Jaguar Land Rover interiors to be made from recycled plastic waste