GOTHENBURG, Sweden, April 26, 2021 /PRNewswire/ — Volvo Group has signed definitive agreements to acquire 60 percent of Designwerk Technologies AG, an engineering company in Switzerland, that develops and sells electromobility products and engineering services within electromobility eco-systems. By investing in Designwerk Technologies, the Volvo Group will complement its current capabilities when it comes to… Continue reading Volvo Group invests in Designwerk Technologies AG to complement electromobility capabilities
Category: Newswire
World NM: Ford halts engine production at Merseyside factory001145
Ford is shutting down its Merseyside plant for at least a month and slashing shifts at a Dagenham engine factory as the car industry is battered by a global microchip shortage. The US company will temporarily halt production on May 10 at its Halewood factory. Ford sites in Spain, Germany, Romania and Turkey are also cutting… Continue reading World NM: Ford halts engine production at Merseyside factory001145
Technology-backed 3rd Gen HAVAL H6 Debuts at Auto Shanghai 2021
3rd Gen HAVAL H6 is a new generation model based on globalized high intelligent modular “L.E.M.O.N”. It is the new generation of global technology vehicle, enjoys most features of high-tech and low-energy consumption, enabling it to meet the needs of more consumers under various driving scenarios. In terms of appearance and interior, 3rd Gen HAVAL… Continue reading Technology-backed 3rd Gen HAVAL H6 Debuts at Auto Shanghai 2021
Jolta Announces That It Will Serve As The First U.S. Distributor For Faraday Future
This is the first partnership that Jolta has publicly announced and grants distribution rights to Faraday Future’s cutting-edge electric cars in up to 15 major U.S. cities, including Miami, Los Angeles, San Jose, San Diego, and more. As a FF distribution partner, Jolta locations will support FF’s online-to-offline direct sales model, vehicle delivery, charging, service… Continue reading Jolta Announces That It Will Serve As The First U.S. Distributor For Faraday Future
Daimler AG: Management Board appointments for Truck CEO Daum and Chief Financial Officer Wilhelm extended
STUTTGART, Germany, April 23, 2021 /PRNewswire/ — The Supervisory Board of Daimler AG at its meeting on April 23, 2021 extended the appointments of management board members Martin Daum and Harald Wilhelm. The appointments of Martin Daum (61), as member of the board of management for Daimler AG and Chief Executive of Daimler Truck AG,… Continue reading Daimler AG: Management Board appointments for Truck CEO Daum and Chief Financial Officer Wilhelm extended
Autoliv’s Q1 2021 Financial Report January – March 2021
STOCKHOLM, April 23, 2021 /PRNewswire/ — (NYSE: ALV) (SSE: ALIV.sdb) Q1 2021: Good progress in sales, profits, balance sheet Financial highlights Q1 2021 $2,242m net sales 17.9% organic sales growth* 10.6% operating margin 10.6% adjusted operating margin* $1.79 EPS – an increase of 108% $1.79 adjusted EPS* – an increase of 103% Full year 2021 indications Around 23% net sales growth… Continue reading Autoliv’s Q1 2021 Financial Report January – March 2021
World NM: Jaguar Land Rover closing 2 plants in Britain due to chip shortage001139
Jaguar Land Rover said Thursday it will shut down production for a week at its two main plants in Britain due to a global supply shortage of semiconductor chips. Go to Source
GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021
PRESS RELEASE #RenaultResults First quarter revenues supported by price discipline in a still disturbed environment due to the pandemic Group revenues reached €10 billion (-1.1%) in the first quarter of 2021. At constant exchange rates1, revenues would have been up 4.4%. Automotive excluding AVTOVAZ revenues were stable at €8.6 billion. The highlight of the quarter… Continue reading GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021
Nidec Announces Financial Results for Fiscal Year Ended March 31, 2021
KYOTO, Japan, April 22, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2021. The highlights are as follows: Net sales stood at a record high of ¥1,618.1 billion, 5.4% higher Y/Y. Operating… Continue reading Nidec Announces Financial Results for Fiscal Year Ended March 31, 2021
Karma Automotive Announces New Dealer Partner In Seattle, Washington
“We’re proud to have Park Place Motors join the Karma dealership network and introduce the Karma brand to our local customers,” said David Bingham, the CEO of Park Place Motors Ltd. “Adding Karma to our lineup of luxury automotive brands, while also providing the best levels of customer service, is consistent with what our customers… Continue reading Karma Automotive Announces New Dealer Partner In Seattle, Washington