Category: OEMs

@niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831

Magna (MGA) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.90%. A quarter ago, it was expected that this… Continue reading @niche: Magna (MGA) Surpasses Q1 Earnings and Revenue Estimates001831

@BMW: BMW iFactory. LEAN. GREEN. DIGITAL. – Master plan for the production of the future.001928

Munich.  It’s the master plan for the automotive production of tomorrow: The BMW iFACTORY production strategy defines the future orientation of plants and production technologies at the BMW Group and meets the challenges of the transformation to e-mobility. “Automotive manufacturing of the future requires a new, holistic way of thinking. With our BMW iFACTORY, we… Continue reading @BMW: BMW iFactory. LEAN. GREEN. DIGITAL. – Master plan for the production of the future.001928

@Nio: NIO Inc. Files Its Annual Report on Form 20-F000381

Apr 29, 2022 NIO Inc. Files Its Annual Report on Form 20-F SHANGHAI, April 29, 2022 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it filed its annual report on Form 20-F for the fiscal year… Continue reading @Nio: NIO Inc. Files Its Annual Report on Form 20-F000381

@Tata-JLR: Mass transit group Swvl confirms estimated $100M acquisition of UK startup Zeelo

Mass transit group Swvl has confirmed to TechCrunch its deal to buy U.K. startup Zeelo, estimated to be a $100 million acquisition, according to sources. The Egyptian-born startup that provides shared transportation services for intercity and intracity trips, recently expanded into Turkey with its acquisition of Volt Lines. Earlier this year it went public (NASDAQ:… Continue reading @Tata-JLR: Mass transit group Swvl confirms estimated $100M acquisition of UK startup Zeelo

@Daimler: Annual Meeting: Mercedes-Benz continues its successful transformation

New Group structure established: First Annual Meeting of Mercedes-Benz Group AG Performance raised: Successful 2021 and strong Q1, 2022 results despite volatile environment EV strategy accelerated: Portfolio to include more than 10 fully electric vehicles in 2022 Milestone achieved: Vision EQXX sets benchmark with >1,000 kilometres range Supervisory Board expertise broadened: Candidates specialised in ESG and luxury… Continue reading @Daimler: Annual Meeting: Mercedes-Benz continues its successful transformation

Mary Barra says GM will begin tying executive compensation to success of its EV targets – Electrek.co

In a recent interview, General Motors (GM) CEO Mary Barra stated that long-term executive compensation will be contingent upon the American automaker reaching specific targets for its transition into electrification. With some bold targets already in place, what better way to get the suits paid than to dangle a zero-emissions carrot in front of them?… Continue reading Mary Barra says GM will begin tying executive compensation to success of its EV targets – Electrek.co

@GM: General Motors Releases 2021 Sustainability Report Showing Accelerated Progress Toward an Equitable, All-Electric Future April 28, 2022

General Motors Releases 2021 Sustainability Report Showing Accelerated Progress Toward an Equitable, All-Electric Future GM is prioritizing equitable climate action to help ensure its all-electric future is inclusive for current and future workforce, customers and communities.    The company launched a $50 million philanthropic fund with a focus on initiatives aimed at helping to close equity… Continue reading @GM: General Motors Releases 2021 Sustainability Report Showing Accelerated Progress Toward an Equitable, All-Electric Future April 28, 2022

@VW Group: Volkswagen Group and bp launch strategic partnership to rapidly rollout EV fast charging in Europe004968

Volkswagen and bp have today launched their strategic partnership that will boost the adoption of electric vehicles (EVs) across Europe, unveiling the first charger in Dusseldorf, Germany. The partnership brings together two of the leading global players in e-mobility who aim to transform access to EV charging in key European markets by rapidly building a… Continue reading @VW Group: Volkswagen Group and bp launch strategic partnership to rapidly rollout EV fast charging in Europe004968