Category: Newswire

Volkswagen, Audi ordered to keep Mexican factories shut 13.06.2020

German carmaker Volkswagen and its subsidiary Audi won’t be able to restart production at their plants in the Mexican state of Puebla as planned on Monday due to fears about the coronavirus spreading.Its plant at Puebla southeast of Mexico City is the largest automobile production facility in the country.The Mexican newspaper La Razon reported that restarting production at the Audi and VW facilities in Puebla would see some 30,000 employees returning to work.

Battery Industry Veteran Isobel Sheldon Joins Britishvolt to Build Ground Breaking UK Gigafactory

LONDON, June 13, 2020 /PRNewswire/ — Battery manufacturer Britishvolt today announces the appointment of seasoned battery industry professional Isobel Sheldon, as Chief Strategy Officer (CSO) and Head of the Advisory Board, to support building the UK’s first large scale cell gigafactory. In this new role, Isobel’s familiarity with the global battery landscape will allow her… Continue reading Battery Industry Veteran Isobel Sheldon Joins Britishvolt to Build Ground Breaking UK Gigafactory

Capacity utilization of Russian automobile plants is below 30% – newspaper

MOSCOW, June 13. /TASS/. Capacity utilization of systemic companies in the Russian automotive industry declined from 50% to less than 30% after two months of the lockdown due to the coronavirus pandemic, Izvestiya newspaper reports on Saturday, citing data of the Russian Ministry of Industry and Trade.
Automobiles production plummeted by 60.2% year-on-year in April 2020, according to the Russian statistical agency Rosstat. Key reasons for the decline was suspension of operations by automobile plants because of nonworking days in the country during the pandemic period, disruption of imported components' deliveries and falling demand, the agency told the newspaper.
The segment of minivans suffered most in the commercial transport sector, GAZ Group told Izvestiya. The plant capacity utilization fell more than twofold in June 2020 on an annualized basis, according to Group data.
Russian President Vladimir Putin announced nonworking days in the country from March 30 to May 12 in order ..

Bitauto Enters into Definitive Agreement for Going-Private Transaction

BEIJING, June 12, 2020 /PRNewswire/ — Bitauto Holdings Limited (“Bitauto” or the “Company”) (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China’s automotive industry, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Yiche Holding Limited (“Parent”), and Yiche Mergersub… Continue reading Bitauto Enters into Definitive Agreement for Going-Private Transaction

Bitauto Announces First Quarter 2020 Results

BEIJING, June 12, 2020 /PRNewswire/ — Bitauto Holdings Limited (“Bitauto” or the “Company”) (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China’s automotive industry, today announced its unaudited financial results for the first quarter ended March 31, 2020[1]. Bitauto First Quarter 2020 Highlights Revenue in the first quarter… Continue reading Bitauto Announces First Quarter 2020 Results

Mullen Group Ltd. Announces Mid-Quarter Update

OKOTOKS, AB, June 11, 2020 /PRNewswire/ – (TSX: MTL)  Mullen Group Ltd. (“Mullen Group”, “We”, “Our” and/or the “Corporation”), one of the leading suppliers of trucking and logistics services in Canada providing a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized and specialized hauling transportation, today provided a mid-quarter update due to the… Continue reading Mullen Group Ltd. Announces Mid-Quarter Update

Nikola Adds Seasoned Industry Veterans To Drive Energy Infrastructure And Manufacturing Rollout

Pablo Koziner will lead Nikola’s hydrogen fueling and battery charging business as president of Nikola Energy. Koziner’s extensive global energy and distribution services experience is derived from his more than 18 years at Caterpillar Inc. where he served as president of Solar Turbines, vice president of Electric Power, and in various roles in North and… Continue reading Nikola Adds Seasoned Industry Veterans To Drive Energy Infrastructure And Manufacturing Rollout

Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings

DUBLIN, June 9, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) (the “Company”) today announced the pricing of concurrent offerings of 13,173,495 ordinary shares at a price to the public of $75.91 per share (the “Ordinary Shares Offering”) and 10,000,000 5.50% Series A Mandatory Convertible Preferred Shares (the “mandatory convertible preferred shares”) at a price to the… Continue reading Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings

Otonomo and Fiat Chrysler Automobiles to Collaborate on Increasing Car Data Utilization in the European Union

Hertzliya, Israel, June 09, 2020 (GLOBE NEWSWIRE) — Otonomo, the leading automotive data services platform, today announced the signature of an agreement with Fiat Chrysler Automobiles (FCA) to get de-identified, aggregated data from FCA connected vehicles in Europe to deliver new use cases such as advanced mapping, advanced traffic management and planning, and smart city… Continue reading Otonomo and Fiat Chrysler Automobiles to Collaborate on Increasing Car Data Utilization in the European Union