PARIS, March 3 (Reuters) – Renault's Alpine brand will launch a more luxurious version of its sleek A110 sports car as it looks to branch out from its core French market and consolidate a jump in sales last year, its chief executive said.
The Renault group, which also makes budget Dacia cars, revived the Alpine brand and its two-seater models in 2017, updating a classic design which hit a peak in the 1960s and 70s.
But the French company is struggling with slumping demand in emerging markets and outlined cost cuts in February to try to turn around a decline in operating margins.
Pricier models like the Alpine could help improve the group's profitability and growth in the longer run as the brand goes even more upmarket and plans more launches, Alpine Chief Executive Patrick Marinoff told Reuters.
“If you look at profit potential in the future, Alpine is the tool and the weapon for Groupe Renault to harvest that potential,” he said in a telephone interview to replace an event p..
Category: Newswire
Martinrea International Inc. Completes Purchase of Structural Components for Passenger Cars Division of Metalsa S.A. de C.V.
TORONTO, March 02, 2020 (GLOBE NEWSWIRE) — Martinrea International Inc., a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced it has completed the acquisition of the Structural Components for Passenger Cars operations of Metalsa S.A. de C.V. The purchase price… Continue reading Martinrea International Inc. Completes Purchase of Structural Components for Passenger Cars Division of Metalsa S.A. de C.V.
McLaren 765LT revealed: more power, less weight, looks the same
Last year we raved about the 600LT Spider, observing that it wouldn’t be too long before the LT range adopted the 4.0-litre V8 engine from McLaren’s “Super” series of cars (the middle tier of the company’s output, sandwiched by the Sports and Ultimate ranges).The new 755bhp/590lb ft 765LT coupé uses the 3,994cc twin-turbo V8 and seven-speed sequential gearbox with a memory function so that even if you request a downshift that might over-rev the engine, it will make that shift only when the engine and road speed will allow it.For the first time in the LT range, each car will be numbered and production will be capped at, you’ve guessed, 765.
Valmet Automotive set production record in 2019
In 2019, Valmet Automotive manufactured a total of 114,000 vehicles at the Uusikaupunki, Finland plant. This is a new production record for the plant, the previous record was made in 2018, when 110,000 vehicles were completed. In recent years, the production volumes at the Uusikaupunki plant have been steadily growing. The value of the production… Continue reading Valmet Automotive set production record in 2019
Nikola Corporation, a Global Leader in Zero-Emissions Transportation Solutions, to Be Listed on NASDAQ Through a Merger With VectoIQ
PHOENIX, March 3, 2020 /PRNewswire/ — Nikola to use proceeds to accelerate its portfolio of battery-electric (BEV) and hydrogen fuel-cell electric vehicles (FCEV) targeting zero emissions globally Nikola will build out a hydrogen station infrastructure to support its FCEV vehicles Nikola has more than 14,000 pre-orders representing more than $10 billion in potential revenue and… Continue reading Nikola Corporation, a Global Leader in Zero-Emissions Transportation Solutions, to Be Listed on NASDAQ Through a Merger With VectoIQ
Renault Samsung to launch XM3 SUV next week
Renault Samsung’s sales fell 34 percent to 90,591 vehicles in 2019 from 137,208 units a year earlier due to a lack of new models and labor disputes affecting production.From January to February, its sales plunged 48 percent to 13,290 units from 25,414 in the same period a year earlier.Renault has an 80 percent stake in Renault Samsung.
LG Chem buys Turkish plant in Poland for EV output expansion
LG Chem Ltd., South Korea’s largest chemicals company, said Tuesday it has acquired a Turkish television assembly factory in Poland for US$31.4 million to expand its plant for electric vehicle (EV) batteries.The South Korean chemical giant plans to raise its capacity to 100 GWh, enough to supply batteries to 1.6 million electric vehicles, by the end of this year.LG Chem supplies electric vehicle batteries to 13 of the top 20 car brands, including German automaker Volkswagen, French carmaker Renault, American auto giant General Motors and South Korea’s largest carmaker, Hyundai Motor.
JLR rejects concerns over handling of new tax law
…person added. A large exodus of workers could trigger delays to the production of Land Rover car models and new electric vehicles, they warned. Alexander Wilson, an IR35 barrister and chartered tax adviser…
Hyundai Motor Unveils “Prophecy” Concept EV
– New concept EV takes Sensuous Sportiness design philosophy to the next level – Concept EV expands Hyundai’s concept of Optimistic Futurism with the aim of forging an emotional connection between humans and automobiles SEOUL, South Korea and OFFENBACH, Germany, March 3, 2020 /PRNewswire/ — Hyundai Motor Company unveiled its new concept EV, “Prophecy”, expressing the… Continue reading Hyundai Motor Unveils “Prophecy” Concept EV
Disclosure of inside information in accordance with Art. 17 MAR Grammer AG (WKN 589540, ISIN DE0005895403)
Disclosure of inside information in accordance with Art. 17 MARGrammer AG (WKN 589540, ISIN DE0005895403) -Earnings for Q1/2020 expected to be very significantly below previous year-Executive Board’s proposal for the appropriation of profit of EUR 0.11 per share Amberg, March 2nd, 2020 – Based on the preliminary figures for the months of January and February… Continue reading Disclosure of inside information in accordance with Art. 17 MAR Grammer AG (WKN 589540, ISIN DE0005895403)