Category: OEMRSSCHK

@VW Group: Note for editors: ||The successful ID. family continues to grow: World premiere for the ID.5 and the ID.5 GTX004123

On November 3rd, Volkswagen presents its first E-SUV coupé, the all-electric top model with premium features based on the modular electric drive matrix (MEB). The new ID.5 and the sporty ID.5 GTX with dual-motor all-wheel drive inspire with expressive design, long-distance capability and the latest software generation. Volkswagen is transforming into the direction of electrification… Continue reading @VW Group: Note for editors: ||The successful ID. family continues to grow: World premiere for the ID.5 and the ID.5 GTX004123

@VW Group: ŠKODA AUTO achieves stable operating profit in the first three quarters, major burdens for the remainder of the year004123

“Since the third quarter, the semiconductor shortage and the limited availability of parts due to bottlenecks in the automotive supply chains have been a bitter setback for ŠKODA AUTO’s strong growth trajectory. Despite high demand and high order backlogs for our successful products, we have had to cut back our production. Against this background, however,… Continue reading @VW Group: ŠKODA AUTO achieves stable operating profit in the first three quarters, major burdens for the remainder of the year004123

@FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group

November 1, 2021 , AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) is pleased to announce completion of the acquisition of F1 Holdings Corp., parent company to First Investors Financial Services Group (“First Investors”), from an investor group led by Gallatin Point Capital LLC. The acquisition, previously announced on September 1, 2021,… Continue reading @FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group

@Tata-JLR: SEMICONDUCTOR SHORTAGE CONTINUES TO CONSTRAIN SALES AND PROFITABILITY IN Q2 DESPITE STRONG DEMAND

Q2 wholesales 64,032, down 12.8% year-on-year due to chip supply, in line with guidance Revenue of £3.9 billion and pre-tax loss of £302 million Free cash outflow of £664 million, significantly better than expected £1 billion outflow Demand remains strong with record order book of more than 125k units Strong liquidity of £5.9 billion at… Continue reading @Tata-JLR: SEMICONDUCTOR SHORTAGE CONTINUES TO CONSTRAIN SALES AND PROFITABILITY IN Q2 DESPITE STRONG DEMAND

@Geely: Geely Auto Group Launches “Leishen” Global Powertrain Brand

Leishen Power, a new leading intelligent high-efficiency powertrain solutions provider officially launched Leishen’s products include: a world-class modular hybrid powertrain platform; a high-efficiency dedicated hybrid transmissions; new hybrid engines; and new E-drive systems New powertrain brand part of Geely’s commitment to sustainability, offering consumers sustainable low emission powertrain solutions 2021 November 01, Hangzhou Bay. Geely… Continue reading @Geely: Geely Auto Group Launches “Leishen” Global Powertrain Brand

@Nissan: Nissan production, sales and exports for September and April-September 2021000524

2021/10/28 YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced production, sales and export figures for September and for the six months from April to September 2021. 1. Production September 2021 Global production in September declined 27.9% from a year earlier. Production in Japan declined 24.5% from a year earlier. Production outside Japan declined 28.4%… Continue reading @Nissan: Nissan production, sales and exports for September and April-September 2021000524

@Nissan: Statement regarding the litigation against Al Dahana000523

2021/10/26 Recently, the Dubai Court of First Instance ruled that Nissan and Nissan Middle East must pay more than AED 1.2 billion in compensation to Al Dahana for a dispute with Al Dahana regarding Nissan’s vehicle distribution agreement in the Middle East. Nissan maintains that it has fully complied with its contractual obligations and it… Continue reading @Nissan: Statement regarding the litigation against Al Dahana000523