As CSO, Tarr will report directly to Karma CEO Dr Lance Zhou, providing valuable insight and leadership for Karma’s business model, strategic innovation and future product portfolio. As Karma Automotive develops future vehicle programs across Electric Luxury Cars, Supercars, Commercial Vehicles and Technology Platforms, Tarr’s strategic guidance will strengthen the company’s growing global presence and… Continue reading Karma Automotive Names New Chief Strategy Officer To Drive Corporate Growth
Category: Newswire
GAC MOTOR Delivers the First All-electric Vehicle GE3 Overseas
As an environmentalist, Mr. Ben Hion has always wanted to own an electric car. He was attracted by the exterior design of the GE3 when he first saw it advertised on social media. The background of GAC MOTOR as a car manufacturer with rich experience and its partnership with the Union Group, one of Israel’s largest… Continue reading GAC MOTOR Delivers the First All-electric Vehicle GE3 Overseas
Automotive Safety Systems Manufacturer Autoliv Romania Revenue Down 2.5% to RON3.9B in 2019
Automotive safety systems manufacturer Autoliv Romania, the local (…). Automotive Safety Systems Manufacturer Autoliv Romania Revenue Down 2.5% to RON3.9B in 2019. Romanian News by Romaniapress.com
Valmet Automotive: our car plant is CO2 neutral by the end of 2021
Valmet Automotive sets a highly ambitious goal for the Uusikaupunki, Finland car plant to be CO2 neutral by the end of 2021. The goal is part of the Valmet Automotive Group’s Sustainability Action Plan, with which the company aims to be one of the leaders of the automotive industry in sustainability indicators. The CO2 neutrality… Continue reading Valmet Automotive: our car plant is CO2 neutral by the end of 2021
New car registrations in Germany down almost 50 pct in May
BERLIN, June 4 (Xinhua) — New passenger car registrations in Germany were down by almost 50 percent in May compared to the same month last year, the Federal Motor Transport Authority (KBA) said on Thursday.
Around 168,000 new passenger cars were registered in Germany in May, according to the KBA.
In the first five months of this year, 990,300 new passenger cars were registered, which was “the lowest figure in this time frame in reunited Germany,” according to the German Association of the Automotive Industry (VDA).
After the “historic slump” of 61 percent in April, Germany's new car market “showed the first signs” of recovery in May, the consulting firm Ernst & Young (EY) noted on Thursday. EY expected the decline in new car registrations in Germany in the coming months to be less severe than in May.
“The state of shock is over,” said Peter Fuss, partner at EY Germany. More German customers dare to visit car dealerships, and the registration offices should soon be operating norma..
Grammer AG is in advanced talks concerning the increase of the existing syndicated loan, suspending the dividend and planning a capital increase
Publication of insider information pursuant to Art. 17 of (EU) Regulation No. 596/2014 GRAMMER AG (WKN 589540, ISIN DE0005895403) Grammer AG is in advanced talks concerning the increase of the existing syn-dicated loan, suspending the dividend and planning a capital increase Ursensollen, June 04, 2020 – The economic impacts of the global COVID-19 pan-demic has… Continue reading Grammer AG is in advanced talks concerning the increase of the existing syndicated loan, suspending the dividend and planning a capital increase
Valens’ VA7000 Automotive Family: Delivering Resilient, High-Speed, Long-Reach Sensor Connectivity
HOD HASHARON, Israel, June 4, 2020 /PRNewswire/ — Valens, the leader in high-speed in-vehicle connectivity, today announced the VA7000 family of automotive chipsets, which will deliver ultra-high-speed connectivity with the most resilient physical layer (PHY) for error-free links and high EMI immunity. The VA7000 chipsets will be the first in the industry to implement the MIPI… Continue reading Valens’ VA7000 Automotive Family: Delivering Resilient, High-Speed, Long-Reach Sensor Connectivity
Nikola Orders Enough Electrolysis Equipment From Nel to Produce 40,000 kgs of Hydrogen Per Day
PHOENIX, June 3, 2020 /PRNewswire/ — Nikola Corporation who becomes publicly traded on June 4, 2020 on the Nasdaq (NKLA), signed a purchase order with Nel ASA (Nel, OSE: NEL), for 85-megawatt alkaline electrolyzers supporting five of the world’s first 8 ton per day hydrogen fueling stations. Together, these electrolyzers may produce over 40,000 kgs… Continue reading Nikola Orders Enough Electrolysis Equipment From Nel to Produce 40,000 kgs of Hydrogen Per Day
Groupe Renault : Finalization of a €5 Billion Credit Facility Agreement With a Guarantee of the French State
PRESS RELEASEGROUPE RENAULT ANNOUNCES THE FINALIZATION OF A €5 BILLION CREDIT FACILITY AGREEMENT WITH A GUARANTEE OF THE FRENCH STATEBoulogne-Billancourt, on June 3rd, 2020 – Groupe Renault announces the finalization of a credit facility agreement with a banking pool, for a maximum total amount of €5 billion benefiting from a guarantee of the French State.This… Continue reading Groupe Renault : Finalization of a €5 Billion Credit Facility Agreement With a Guarantee of the French State
Subaru Of America, Inc. Reports May 2020 Sales
“While we at Subaru of America continue to feel the effects the pandemic has had on both the auto industry and the country as a whole, we are hopeful that our May results show a positive change,” said Thomas J. Doll, President and CEO, Subaru of America. “Our retailers have gone above and beyond to… Continue reading Subaru Of America, Inc. Reports May 2020 Sales