Nissan Motor Co. is planning to cut about 300 billion yen ($2.8 billion) in annual fixed costs and book restructuring charges as the coronavirus pandemic further depresses the carmaker’s sales, a person with knowledge of the measures said.
Category: Newswire
Wallbox Completes Second Tranche Of $25M Series A Investment
BARCELONA, Spain, May 13, 2020 /PRNewswire/ — Wallbox, the smart EV charging company, today announced the closing of a $13 million USD (€12 million) second tranche of Series A investment in early March, bringing the total Series A round to $25 million USD (€23 million). The round was led by Seaya Ventures, a Spanish venture fund… Continue reading Wallbox Completes Second Tranche Of $25M Series A Investment
Renault resumes operations, opens over 194 showrooms and workshops
Renault has restarted operations in India with resumption of production in a phased manner at its alliance manufacturing facility in Chennai.The customers can book a Renault vehicle through the Renault India website or the MyRenault App with zero booking amount and avail loan facility from Renault Finance.Renault dealerships are sanitizing their facilities and test drive cars.
AB Volvo’s Board of Directors Withdraws Proposal for Ordinary Dividend
GÖTEBORG, Sweden, May 12, 2020 /PRNewswire/ — The Board of Directors of AB Volvo has decided to withdraw the proposal to the Annual General Meeting for an ordinary dividend of SEK 5.50 per share and instead proposes that no dividend for 2019 will be paid. The Volvo Group has a strong financial position. However, there… Continue reading AB Volvo’s Board of Directors Withdraws Proposal for Ordinary Dividend
Hyundai car plant in St. Petersburg to work in two shifts by May 15, says company
ST. PETERBURG, May 12. /TASS/. The auto production plant of Hyundai car concern in St. Petersburg has resumed operations after May holidays, with the plan to work in two production shifts by May 15, press service of the company said in a statement on Tuesday.
“The Russian plant of Hyundai Motor plans to work in two production shifts in the period from May 12 to 15. The plant will produce over 700 cars each day for the Russian market and for export,” the statement said.
The enterprise suspended production due to Russian President Vladimir Putin's decree on days off starting March 30. Hyundai has tightened coronavirus precautionary measures and resumed auto production with the permission of the local authorities starting April 13. Operations at the plant were suspended during May holidays and on May 6-8.
Hyundai car concern launched its St. Petersburg plant in 2010. It is the second-biggest car production plant in Russia that makes Hyundai Solaris, Hyundai Creta and Kia Rio models. ..
Slovak e-mobility specialist Voltia partners with Nissan
The Bratislava-based company Voltia and global automaker Nissan have partnered to bring to the market an expanded Nissan electric pick-up truck optimised for urban last-mile delivery.Equipped with a 40kWh capacity traction battery and smart energy management technology, the e-NV200 XL Voltia reinforces Nissan’s commitment in leading the charge towards sustainable last-mile delivery.
Hertz Global Holdings Reports First Quarter 2020 Financial Results
ESTERO, Fla., May 11, 2020 /PRNewswire/ –Hertz Global Holdings, Inc. (NYSE: HTZ) (“Hertz Global” or the “Company”) today reported results for its first quarter 2020. Financial results significantly impacted by COVID-19 pandemic Consolidated revenue of $1.9 billion, U.S. RAC revenue of $1.4 billion Hertz Global net loss of $356 million, Adjusted Corporate EBITDA of negative… Continue reading Hertz Global Holdings Reports First Quarter 2020 Financial Results
Jaguar XF sedan facelift undergoes testing
Jaguar is expected to reveal an updated XF before the year is out, and a disguised prototype of the sedan was recently spied in Sweden.The new XE will no longer be available with the supercharged V6 S variant for the rest of its lifecycle, while V6 petrol and diesel versions of the F-Pace and XF are no longer on sale.In India, Jaguar recently launched the BS6 version of the XF sedan which is essentially the pre-facelift model of the one that is caught on the lens.
Genesis Motor America Announces ‘Genesis Concierge’ At-Home Car Shopping Service
“A true luxury experience should exceed a customer’s unique desires and expectations,” said Mark Del Rosso, President and CEO, Genesis Motor North America. “Genesis Concierge is a tailored service that delivers a new level of personalized luxury, because we are committed to delivering an experience that satisfies our customers on their terms, not ours. As… Continue reading Genesis Motor America Announces ‘Genesis Concierge’ At-Home Car Shopping Service
Valmet Automotive restarts car production today with strict safety measures
Valmet Automotive restarts car production today at the Uusikaupunki, Finland car plant. Production has been suspended since April 3 due to lack of components caused by the covid-19 pandemic. All Valmet Automotive plants are now operative, as the battery plant in Salo, Finland and the roof and kinematic systems plant in Zary, Poland, have restarted… Continue reading Valmet Automotive restarts car production today with strict safety measures