Category: OEMs

@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

Ghosn vows to ‘get back my rights’ since escape from Japan – Nikkei Asia

TOKYO — Carlos Ghosn, the former Nissan Motor chief turned fugitive, has vowed to defend his rights in the face of charges from Nissan and Renault despite fleeing Japan nearly two years ago following his arrest. In an interview over Zoom from the Lebanese capital Beirut on Tuesday, Ghosn justified his escape from Japan, calling… Continue reading Ghosn vows to ‘get back my rights’ since escape from Japan – Nikkei Asia

Nissan ex-chair Ghosn set on restoring reputation – Associated Press

FILE – In this May 25, 2021, file photo, Nissan’s former chairman Carlos Ghosn speaks during an interview with The Associated Press, in Dbayeh, north of Beirut, Lebanon. The former auto industry superstar whose career screeched to a halt with his arrest three years ago, isn’t about to settle into quiet retirement. Ghosn fled to… Continue reading Nissan ex-chair Ghosn set on restoring reputation – Associated Press

Stellantis’ Carlos Tavares, Hyundai’s Jose Muñoz set example in recruiting diverse high-level leaders – Automotive News

Yes, they have names that sound to American ears like members of minority groups. But Muñoz is from Spain, Tavares from Portugal: They were born into the established, dominant male group in their respective Iberian nations. Muñoz is global COO for Korean automaker Hyundai Motor Co. and CEO of Hyundai Motor North America. It’s in… Continue reading Stellantis’ Carlos Tavares, Hyundai’s Jose Muñoz set example in recruiting diverse high-level leaders – Automotive News