Baltimore, MD – February 7, 2022… BMW of North America and Tradepoint Atlantic today celebrated the grand opening of the new BMW vehicle distribution center (VDC) at the Tradepoint Atlantic Terminal in Sparrows Point, Maryland. The two companies were joined by Maryland Governor Larry Hogan, U.S. Senator Chris Van Hollen, Baltimore County Executive Johnny Olszewski,… Continue reading @BMW: BMW of North America Celebrates Grand Opening of New Vehicle Distribution Center at Tradepoint Atlantic Terminal in Baltimore, Maryland.001736
Category: Automotive
Gojek to roll out premium car-hailing service in Singapore
GoCar Premium will begin rolling out to all users in the city-state on February 14 with a fleet of premium taxis and four-seater vehicles. Go to Source
Nissan to end most development of new gasoline engines
TOKYO — Nissan Motor will end development of new internal combustion engines in all its major markets except the U.S. and focus its resources on electric vehicles, becoming the first major Japanese automaker to make such a break, Nikkei has learned. Go to Source
ASEAN new car sales rise for first time in 3 years
BANGKOK — Total new car sales rose for the first time in three years in 2021 in the Association of Southeast Asian Nations’ six major economies, thanks to a sharp increase in unit sales in Indonesia and the easing of COVID-19 movement restrictions in the second half of the year. Go to Source
Tesla subpoenaed by SEC over Elon Musk’s ‘funding secured’ settlement
Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Join over 300,000 Finance professionals who already subscribe to the FT. Go to Source
Adient (ADNT) Incurs Q1 Loss, Surpasses Sales Estimates
Adient plc ADNT reported an adjusted loss per share of 38 cents in the first quarter of fiscal 2022. The Zacks Consensus Estimate was pegged at earnings of 8 cents. The bottom line also compared unfavorably with the year-ago earnings of $1.71 per share. This downside stemmed from declining profitability across all the segments. In… Continue reading Adient (ADNT) Incurs Q1 Loss, Surpasses Sales Estimates
Faurecia & Hella – Day one of the new combined Group
Nanterre (France), February 7, 2022 FAURECIA & HELLADAY ONE OF THE NEW COMBINED GROUP Strong strategic rationale between two highly complementary companies Ambition to reach sales above €33bn, operating margin above 8.5% and c. €1.75bn of net cash flow in 2025 A sustainable governance in place to accelerate collaboration and achieve above €250million in cost… Continue reading Faurecia & Hella – Day one of the new combined Group
The Station: Autonowashing floodwaters are rising, driving the Kia EV6, and Cruise unlocks more Softbank cash
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Autonowashing… Continue reading The Station: Autonowashing floodwaters are rising, driving the Kia EV6, and Cruise unlocks more Softbank cash
Faurecia and Hella announce combined group name as Forvia
Following the successful takeover of Hella by Faurecia on January 31, 2022, Faurecia and Hella announced the newly combined Group’s name as ‘Forvia.’ The combined entity represents the seventh largest automotive supplier worldwide. Forvia will have strategic oversight of Faurecia and Hella, which will continue to operate as two independent legal companies, closely collaborating to… Continue reading Faurecia and Hella announce combined group name as Forvia
Uno Minda to raise stake in Minda Kosei
News 81067 81067 81064 81067, Go to Source