Category: Automotive

@Groupe PSA: PR Appointment of Linda Jackson as CEO of the PEUGEOT brand001060

Linda Jackson has been appointed CEO of the PEUGEOT brand as of January 20, 2021. From the United Kingdom to France, Linda Jackson has built her wide experience across the industry, notably with Finance and Commercial roles in Jaguar, Land Rover and Rover Group in which she went from Regional Financial Manager for Rover Europe… Continue reading @Groupe PSA: PR Appointment of Linda Jackson as CEO of the PEUGEOT brand001060

Renesas, NXP and other chipmakers raise prices on surging auto demand

TOKYO — Japan’s Renesas Electronics, the Netherlands’ NXP Semiconductors and other chipmakers are raising prices on semiconductors that go into cars and telecom equipment as they attempt to maneuver out of a squeeze created by soaring demand and limited foundry capacity. Some observers expect chip shortages for another six months, a drought that is likely… Continue reading Renesas, NXP and other chipmakers raise prices on surging auto demand

Asia’s chip crunch slams the brakes on carmakers’ COVID recovery

TOKYO/TAIPEI — Recovering demand for cars should make this a great time to be selling to the automotive industry — but for a Japanese executive at an affiliate of one of the country’s biggest software developers, it is deeply frustrating. The software he sells for cars is useless without computer chips to run it. And they are… Continue reading Asia’s chip crunch slams the brakes on carmakers’ COVID recovery

Toyota-owned Daihatsu, a gas engine stalwart, tries again in hybrid cars

OSAKA — Japan’s Daihatsu Motor — the country’s only major automaker to develop all gasoline-powered cars — plans to roll out a hybrid compact SUV this year in a second attempt at electrified vehicles, Nikkei has learned. The hybrid version of the Rocky sport utility vehicle will feature technology co-developed by Daihatsu’s parent, Toyota Motor. Hybrid… Continue reading Toyota-owned Daihatsu, a gas engine stalwart, tries again in hybrid cars

Electric vehicles close to ‘tipping point’ of mass adoption

Electric, hybrid and low-emission cars Sales increase 43% globally in 2020 as plunging battery costs mean the cars will soon be the cheapest vehicles to buy In a poll of electric car owners, 91% said they would not want to return to petrol. Photograph: David Gee/Alamy Electric vehicles are close to the “tipping point” of… Continue reading Electric vehicles close to ‘tipping point’ of mass adoption

MotoRefi raises $10M to keep pedal on auto refinancing growth

A month before the COVID-19 pandemic had spread to North America, auto fintech startup MotoRefi — newly armed with nearly $9 million in venture capital — was preparing to bring its refinancing platform to the masses. CEO Kevin Bennett, and the investors behind the company, saw the opportunity to service Americans who collectively hold $1.2… Continue reading MotoRefi raises $10M to keep pedal on auto refinancing growth

EV Startup Aiways Said to Seek Funds at $2 Billion Value

TipRanks 2 “Strong Buy” Penny Stocks That Could See Outsized Gains Well, it’s official. Joe Biden is now President, and he’ll be backed – at least for the short term – by Democratic majorities in both Houses of Congress. Wall Street is taking the measure of the new Administration, and sees, among its first moves,… Continue reading EV Startup Aiways Said to Seek Funds at $2 Billion Value