SAN FRANCISCO, Jan. 30, 2020 /PRNewswire/ — Today Scoot, owned by Bird, launched its new Bird Two, a next-generation e-scooter that will roll out in San Francisco beginning today. Bird Two is projected to be the longest-lasting shared e-scooter on the market, delivers an improved rider experience, and provides added features to benefit cities and riders. San… Continue reading Scoot Launches New “Bird Two” in San Francisco
Category: Newswire
Meritor Awarded PACCAR Business for Battery-Electric Refuse and Heavy-Duty Vehicles
TROY, Mich., Jan. 30, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with PACCAR to be its non-exclusive supplier of electric powertrains for its Kenworth T680 and Peterbilt 579 and 520 battery-electric vehicles. Meritor will be the initial launch partner and primary supplier for the integration of functional… Continue reading Meritor Awarded PACCAR Business for Battery-Electric Refuse and Heavy-Duty Vehicles
Volvo Group – The Fourth Quarter and Full Year 2019
GOTHENBURG, Sweden, Jan. 30, 2020 /PRNewswire/ — “2019 was another good year for the Volvo Group. We grew net sales by 11% to SEK 432 billion and improved our adjusted operating income to SEK 47.9 billion (40.7), with a margin of 11.1% (10.4). During the year we also continued to increase our financial strength. With… Continue reading Volvo Group – The Fourth Quarter and Full Year 2019
Luca De Meo Faces Uphill Struggle To Fix Renault And The Alliance, But After 6-Month Rest
New CEO Luca de Meo has taken on a demanding job at Renault as its share price slumps, profits slide, and the alliance with Nissan stumbles towards divorce, while the French government has what amounts to a veto over big strategic decisions.
TVR frustration over Ebbw Vale factory renovation delays
The Welsh Government owns a 3% stake in TVR and it gave the company a £2m loan which is repayable if the company does not move to Wales.
Chinese Automaker NIO Is Relying On Supplier Tesla Clashed With
A troubled electric-vehicle upstart trying to take on Tesla Inc. is clinging to a supplier Elon Musk clashed with dramatically in 2016.
Fiat Idling Illinois Jeep Plant for the Third Time in Six Months
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.
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.