Q1 revenue of $57.7M driven by customer deliveries of 360 vehicles in the quarter Strong demand with more than 30,000 customer reservations as of today, reflecting potential sales of $2.9B Production volume outlook for 2022 remains on track at 12,000 to 14,000 vehicles Announces new pricing effective June 1 while honoring current pricing for all… Continue reading Lucid Reports First Quarter 2022 Financial Results
Category: Automotive
Electrify America delivers 1.45 million charging sessions in 2021—up from 268,000 in 2020
Charging network Electrify America provided 1.45 million customer charging sessions in 2021—a colossal increase from the 268,000 it recorded in 2020. The company dispensed 41 GWh of energy in 2021, and estimates that this represents more than 145 million EV miles driven, and 5.7 million gallons of gas saved. Electrify America currently has 800 EV… Continue reading Electrify America delivers 1.45 million charging sessions in 2021—up from 268,000 in 2020
TomTom nominates Gemma Postlethwaite as new Supervisory Board Member
Amsterdam, the Netherlands, 5 May 2022, TomTom (TOM2), the geolocation technology specialist, today announced that Gemma Postlethwaite has been nominated for appointment to the TomTom Supervisory Board for a term of four years, effective as of 1 October 2022. Her appointment will be proposed at an Extraordinary General Meeting to be convened later this year.… Continue reading TomTom nominates Gemma Postlethwaite as new Supervisory Board Member
NEW GOODYEAR MANUFACTURING PROCESS ENABLES INDUSTRY-LEADING RESPONSE TIME
The Goodyear Tire & Rubber Company officially opened its new manufacturing facility in Dudelange, Luxembourg, today following a $77 million investment in its industry 4.0 digital manufacturing process. The new facility is a first of its kind for Goodyear and it will provide opportunities to learn, test and mature technology as production capability continues to… Continue reading NEW GOODYEAR MANUFACTURING PROCESS ENABLES INDUSTRY-LEADING RESPONSE TIME
@Groupe PSA: PR First Quarter 2022 Shipments and Revenues003691
Stellantis Reports 12% Increase in Q1 2022 Net Revenues Full-Year Guidance Confirmed • Net revenues of €41.5 billion, up 12% compared to €37.0 billion for Q1 2021 Pro Forma(1) reflecting strong pricing and vehicle mix, as well as favorable FX translation effects • Consolidated shipments(2) of 1,374 thousand units, down 12% primarily due to impact… Continue reading @Groupe PSA: PR First Quarter 2022 Shipments and Revenues003691
@BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 31 March 2022001958
Ladies and Gentlemen, Strong products and desirable brands are the foundation of the BMW Group’s success as a company. With our customer-centric portfolio, we have experienced very robust demand in recent years, despite the difficult circumstances. We are seeing this trend grow even more this year. Never before in the history of our company have our pre-orders… Continue reading @BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 31 March 2022001958
@BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 31 March 2022001957
Good Morning, Ladies and Gentlemen. The BMW Group has made a strong start to 2022 – in an increasingly volatile geopolitical and global economic environment. Our business is performing in line with our expectations. The ongoing war in Ukraine is affecting the availability of vehicle components, which led to brief production disruptions at several European plants… Continue reading @BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 31 March 2022001957
@BMW: BMW Group Quarterly Statement to 31 March 2022001956
Attached please find the Quarterly Statement to 31 March 2022 for download.The telephone conferences for journalists and analysts will also be broadcasted on our web page at 10:00 a.m. (CEST) and 2:00 p.m. (CEST) respectively. BMW Group In AmericaBMW of North America, LLC has been present in the United States since 1975. Rolls-Royce Motor Cars NA,… Continue reading @BMW: BMW Group Quarterly Statement to 31 March 2022001956
VW wants to offer Level 4 vehicles from 2026
Carmaker Volkswagen announced that it would launch a Level 4 vehicle by 2026. The CEO of Volkswagen, Herbert Diess, has an autonomous vehicle on level 4 announced. The vehicle should be on the market by 2026. This is apparently related to a new partner: Qualcomm. VW will source its hardware from the company. Autonomous driving… Continue reading VW wants to offer Level 4 vehicles from 2026
Ferrari Purosangue SUV confirmed for V12 engine
“I’m convinced on this car and the technical concept,” Ferrari’s then chief technical officer, Michael Leiters, told Autocar in 2019. “I think we’ve found a concept and a package which is on one side a real SUV and will convince SUV customers to buy it, but on the other side there’s a huge differentiation of… Continue reading Ferrari Purosangue SUV confirmed for V12 engine