German Handelsblatt: First interview as CEO: New VW boss Oliver Blume: “Reducing costs is not yet a strategy”005047

Oliver Blume The previous Porsche boss will be given new tasks as the new Volkswagen CEO – and will still keep his old job. (Photo: dpa) The new Volkswagen boss Oliver Blume wants to accelerate the restructuring of the car manufacturer with a ten-point plan. “This includes robust, consistent financial planning with tight return, cash… Continue reading German Handelsblatt: First interview as CEO: New VW boss Oliver Blume: “Reducing costs is not yet a strategy”005047

@Geely: Thu 01 Sep 2022Lotus launches new e-commerce site for parts, accessories and merchandise 1 | 8 | 0 Lotus estimates that up to 70% of …

New online retail platform for current and legacy cars dating back to 1981 Latest Lotus merchandise plus some heritage items also available via parts.lotuscars.com UK customers can either collect, or choose direct delivery, from retail agent Official parts manuals also available to help owners keep their Lotus performing to specification Hethel, UK – 1 September… Continue reading @Geely: Thu 01 Sep 2022Lotus launches new e-commerce site for parts, accessories and merchandise 1 | 8 | 0 Lotus estimates that up to 70% of …

ZTO Announces Completion of Convertible Senior Notes Offering

SHANGHAI, Sept. 1, 2022 /PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China (“ZTO” or the “Company”), today announced that it closed the offering (the “Notes Offering”) of US$1 billion in aggregate principal amount of convertible senior notes due 2027 (the “Notes”) on August 29,… Continue reading ZTO Announces Completion of Convertible Senior Notes Offering

Skoda India surpasses CY2012’s record sales in first 8 months of CY2022  

Skoda Auto India has reported wholesales of 4,222 cars in August 2022, a 10% rise over the 3,829 cars it sold in August 2021 but down 5% month-on-month on July 2022’s 4,447 units. For the first five months of FY2023, cumulative wholesales are 24,448 units, which is a strong 162% YoY increase (April-August 2021: 9,320… Continue reading Skoda India surpasses CY2012’s record sales in first 8 months of CY2022  

Nissan India sells 3,283 units in August, domestic demand slows while exports rise

Nissan Motor India has announced wholesales of 3,283 units in August 2022, down 10.47% on July 2022’s 3,667 units. The Chennai-based carmaker is seeing demand slowing down in the domestic market: the cumulative April-August 2022 tally is 14,706 units, down 5.57% YoY (April-August 2021: 15,575 units). In an effort to rev up demand for the… Continue reading Nissan India sells 3,283 units in August, domestic demand slows while exports rise

Anand Mahindra tweets all-electric XUV 400 teaser

Mahindra & Mahindra Group Chairman Anand Mahindra has shared a 15-second teaser of the forthcoming electric version of the XUV 300 compact SUV to be re-christened as the XUV 400. The official launch is expected later this month. The XUV400 will be 4.2m long and will be powered by a larger NMC battery from Korea’s… Continue reading Anand Mahindra tweets all-electric XUV 400 teaser