Tavares has stoked competition among Peugeot and former Opel factories to push workers to cut costs. PARIS – Carlos Tavares, a former Renault star credited with reviving the company’s French rival Peugeot SA , has long shone as a restructurer-in-chief, staring down unions and slicing down bureaucracies. Now the 61-year-old Portuguese car fanatic and weekend… Continue reading Peugeot’s turnaround driver, Tavares, faces his biggest challenge
Category: Automotive
Eduard Vaino will focus on strategic development of AVTOVAZ
Eduard Karlovich Vaino, Vice-President for external and shareholders’ relations of JSC AVTOVAZ, decided to focus on strategic development in the Board of Directors of the Company, and to leave the position in operational management from November 1, 2019. ”AVTOVAZ, with the active support of its shareholders – Groupe Renault and Rostec – has successfully overcome… Continue reading Eduard Vaino will focus on strategic development of AVTOVAZ
Mazda braces for 30% FY profit drop on falling car sales in US, China: Nikkei
Mazda Motor Corp is facing a drop in annual profit of about 30 per cent as the Japanese automaker struggles with falling sales in the United States and China, its biggest markets, the Nikkei newspaper reported on Friday.The updated forecast would be almost half the automaker’s previous profit forecast of 110 billion yen.Demand for Mazda vehicles including the Mazda3 sedan and the CX-5 SUV crossover has slumped since the company posted record annual sales of about 1.6 million vehicles in the 2018 financial year.
Bosses leave car dealer Lookers as Brexit blamed for profit warning
Automotive industry Shares plunge and company announces the closure of 15 branches Lookers says it expects annual underlying pre-tax profit to plunge to about £20m from £67m a year earlier. Photograph: Suzanne Plunkett/Reuters Lookers, one of Britain’s biggest car dealerships, has parted company with its chief executive and chief operating officer as it blamed Brexit… Continue reading Bosses leave car dealer Lookers as Brexit blamed for profit warning
Geely ICON Publicly Unveiled
2019 October 30, Nanjing. Geely Auto’s (Geely) second B-Segment Modular Architecture (BMA) based SUV, ICON was unveiled to the media at a design seminar in Nanjing. Retaining much of the design seen on the well-received Geely’s Concept ICON shown at the 2018 Beijing Auto Show, ICON explores the limits of Geely’s design language and showcases… Continue reading Geely ICON Publicly Unveiled
Wirecard Shapes the Future of Mobility With Renowned Partners – PR Newswire UK
Further members of a recently formed working group led by Rinspeed include SAP, Osram, DEKRA and Zurich Insurance As part of the collaboration, Wirecard is testing digital payment and authentication solutions for autonomous driving First prototypes will be presented at CES in Las Vegas in early 2020 ASCHHEIM, Germany, Nov. 1, 2019 /PRNewswire/ — Wirecard,… Continue reading Wirecard Shapes the Future of Mobility With Renowned Partners – PR Newswire UK
Daimler Truck AG: many brands, one family – one website
Daimler Trucks and Daimler Buses now under the common roof of Daimler Truck AG, also online at http://www.daimler-truck.com/ Martin Daum, Chairman of the Board of Management Daimler Truck AG: “We work for all who keep the world moving. It’s our common drive that gives us renewed motivation every day.” Stuttgart – The Daimler Group launched… Continue reading Daimler Truck AG: many brands, one family – one website
Hyundai launches the first 100% electric rural carsharing in Spain
Hyundai Motor Spain launches the first 100% electric rural carsharing service in Spain The initiative starts in Campisábalos, the town with the cleanest air in Spain according to the World Health Organisation Through an app, created specifically to support this service, residents can manage the reservation of the vehicle VIVe is an example of Hyundai’s… Continue reading Hyundai launches the first 100% electric rural carsharing in Spain
Hyundai Accelerates Hydrogen Technology Development
Hyundai to invest in Impact Coatings, H2Pro and GRZ Technologies for fuel cell, hydrogen production, and hydrogen storage technologies The investments will strengthen Hyundai’s hydrogen leadership with expanded infrastructure and efficient FCEV manufacturing 30 October 2019 – Hyundai Motor Company announced key investments into three companies – Impact Coatings, H2Pro and GRZ Technologies – to… Continue reading Hyundai Accelerates Hydrogen Technology Development
Kia Motors posts global sales of 248,752 units in October
Kia Motors Corporation announced today that it sold 248,752 vehicles around the world in October, compared to 250,680 units sold in the same period last year. Best-selling model for the month was the Sportage SUV, with 41,707 units sold worldwide. Sales in Korea rose 2.3 percent from a year earlier to 47,143 units, led by… Continue reading Kia Motors posts global sales of 248,752 units in October