Fiat Chrysler Automobiles NV will pause production at a Jeep sport utility vehicle factory for the third time in six months, adding to signs carmakers are expecting sales to slow this year.
Category: Newswire
Nissan’s ‘invisible’ chief accused of failing to lead
…directions, asking staff why they were not selling more cars at greater margins. “There was no contrition at all,” said one person familiar with the details of the trip. Mr Uchida also claimed to be in…
‘Do or die’: Nissan takes the axe to the house Ghosn built
Nissan is planning aggressive cost cuts to deal with an unexpected slump in sales as the expansionist strategy it inherited from fugitive former Chairman Carlos Ghosn flounders.Now, many of those models are missing sales goals and executives at Nissan’s Yokohama headquarters estimate up to 40% of its global manufacturing capacity is unused, or under-used.Nissan is aiming to achieve an operating margin of 6% on revenue of 14.5 trillion yen by March 2023, compared with 3.0% from 13.0 trillion forecast for the year ending in March 2020. More sourcesDo or die: Nissan takes the axe to the house Ghosn built (Reuters: Jan 28, 2020 at 9:30 PM)
Nissan Scales Back U.S. Sales Operations to Regain Footing
Nissan Motor Co. will scale back its U.S. sales operations, shuttering two regional offices and offering buyouts to some of its staff as the Japanese carmaker seeks to regain its footing after a year of management turmoil and weaker demand in key markets.
Toyota Is Halting Production in China Until Feb. 9
Toyota Motor Corp. is halting operations in China until Feb. 9, joining a growing list of global companies that have cut back on business activities in China as a new coronavirus infection spreads, with more than 130 people killed already.
Renault says will reopen Wuhan plant with partner Dongfeng on Feb. 10
LONDON, Jan 28 (Reuters) – Renault will resume production at the factory it runs with Dongfeng Group in Wuhan, Hubei province and the epicentre of the outbreak of a new flu-like virus, on Feb. 10, a spokeswoman for the French carmaker said on Tuesday.
The reopening of the plant will be eight days after the end of the extended Lunar New Year holiday in China, the world's top car market.
2020 Hyundai IONIQ Electric Boasts 37% More Driving Range
Hyundai Motor America has announced prices for the eco-friendly 2020 IONIQ Electric car. The redesigned 2020 IONIQ Electric delivers 170 miles of range, technology and advanced standard safety features at a starting price of $33,045 for the well-equipped SE model. Customers may receive the available federal tax credit of up to $7,500i making the net… Continue reading 2020 Hyundai IONIQ Electric Boasts 37% More Driving Range
Lucid Motors Announces Dr. Eugene Lee as Senior Director of ADAS and Autonomous Driving
Dr. Lee brings with him over 20 years of experience in automotive systems development. For the past 13 years, he played a leading role in developing the autonomous driving strategies and technologies at GM and then at Hyundai. As Hyundai’s Vice President and Head of the Autonomous Vehicle Development Center, he established the automaker’s 10-year… Continue reading Lucid Motors Announces Dr. Eugene Lee as Senior Director of ADAS and Autonomous Driving
Autoliv: Financial Report October – December 2019
STOCKHOLM, Jan. 28, 2020 /PRNewswire/ — Q4 2019: Profitability and cash flow improvement Financial highlights Q4 2019 $2,191m net sales 0.5% organic sales growth* 10.5% operating margin 11.1% adj. operating margin* $1.78 EPS – an increase of 268% $1.84 adj. EPS* – an increase of 30% Full year 2020 indications 3-4% net sales growth 3-4% organic sales growth At least 9.5% adj. operating… Continue reading Autoliv: Financial Report October – December 2019
Bird adquiere Circ, el líder europeo en micromovilidad
Empresa europea líder se une a Bird Fundada por el emprendedor en serie e inversor, Lukasz Gadowski, Circ es una empresa de motos eléctricas compartidas líder en Europa y Oriente Medio. Con operaciones en 43 ciudades y 12 países, Circ ha proporcionado soluciones urbanas de primer nivel y atención al cliente a millones de conductores. Juntas,… Continue reading Bird adquiere Circ, el líder europeo en micromovilidad