Category: OEMs

@BMW: BMW Group Plant Munich goes fully electric001544

+++ Plant Munich launches production of the fully electric BMW i4 +++ At least half of all cars from Munich plant will be electrified by 2023 +++ Project for emission-free transport logistics in home plant gets under way +++ Nedeljković: “BMW i4 is a milestone on the road to electric mobility.”   Munich. The first… Continue reading @BMW: BMW Group Plant Munich goes fully electric001544

@Renault: GROUPE RENAULT: 3RD QUARTER 2021 INFORMATION000318

PRESS RELEASEOCTOBER 22, 2021  Third quarter 2021: priority given to value over volume optimized revenues in a context strongly marked by the semiconductor crisis Group revenues amounted to €9 billion for the quarter, down 13.4% (-14% at constant scope and exchange rates1) while global sales decreased by 22.3% to 599,027 vehicles. Renault Group is continuing… Continue reading @Renault: GROUPE RENAULT: 3RD QUARTER 2021 INFORMATION000318

@FCA: Statement: Relay

Statement: Relay  October 22, 2021 , Auburn Hills, Mich. – FCA US LLC is recalling an estimated 131,177 U.S.-market vehicles to prevent a possible engine-compartment electrical short. An internal investigation discovered the intake heater-grid relays on certain vehicles may exhibit overheating. In rare instances, this condition may pose a fire risk. The Company is aware of a single… Continue reading @FCA: Statement: Relay

Nissan ex-chair Ghosn set on restoring reputation – The Independent

Carlos Ghosn, 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. The former head of the Nissan-Renault alliance fled to Lebanon in late 2019, while out on bail facing financial misconduct charges in Japan In a recent interview with The… Continue reading Nissan ex-chair Ghosn set on restoring reputation – The Independent

Carlos Ghosn: Landed as a legend, left in a packing crate – Management Today

The November 2018 arrest of auto legend Carlos Ghosn by Japanese prosecutors was improbable on almost every level. The man who had engineered the rescue of Nissan Motor Company by France’s Renault and created the world’s biggest auto alliance had no inkling of trouble ahead. Neither Nissan’s board nor the company’s auditors ever asked him… Continue reading Carlos Ghosn: Landed as a legend, left in a packing crate – Management Today

GM sets to double revenue, lead US in electric vehicle sales – Yahoo Eurosport UK

WARREN, Mich. (AP) — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that can handle most tasks on the… Continue reading GM sets to double revenue, lead US in electric vehicle sales – Yahoo Eurosport UK

AutoNation gobbles up used cars to turn profit amid chip crisis – The Seattle Times

AutoNation, the country’s largest car-dealer chain, posted better-than-expected third-quarter profit by pivoting to used-vehicle sales as an ongoing chip shortage choked off the supply of new automotive inventory. The Fort Lauderdale, Florida-based retailer delivered earnings per share of $5.12, beating the $4.14 average estimate of eight analysts surveyed by Bloomberg. Revenue from used-car sales surged… Continue reading AutoNation gobbles up used cars to turn profit amid chip crisis – The Seattle Times