PRESS RELEASEGROUPE RENAULT “RENAULUTION” STRATEGIC PLANBoulogne-Billancourt, January 14, 2021 – Following approval by the Board of Directors, Luca de Meo, CEO Groupe Renault, presents today “Renaulution”, a new strategic plan, which aims to shift Groupe Renault’s strategy from volume to value.This strategic plan is structured in 3 phases that are launched in parallel:“Resurrection”, running up… Continue reading @Renault: Groupe Renault : Press release strategic plan “Renaulution”000155
Tag: Strategy
@Renault: AVTOVAZ STRONGLY CONTRIBUTES TO GROUPE RENAULT RENAULUTION STRATEGY000155
– LADA will consolidate its leading position in Russia with “state of the art” vehicles, therefore not only defending more than 20% market share, but also focusing on share of wallet- AVTOVAZ continues its transformation to become a world-class effective and competitive automotive manufacturer within Groupe Renault- The creation of the new business unit will… Continue reading @Renault: AVTOVAZ STRONGLY CONTRIBUTES TO GROUPE RENAULT RENAULUTION STRATEGY000155
Nissan CEO says Renault’s strategic plan is strong
By Reuters Staff 1 Min Read FILE PHOTO: Nissan Motor Co CEO Makoto Uchida speaks during a news conference at the company’s headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon PARIS (Reuters) – Nissan Chief Executive Makoto Uchida said on Thursday that Renault’s strategy overhaul, aimed at focusing on fewer and more profitable models,… Continue reading Nissan CEO says Renault’s strategic plan is strong
Chinese self-driving startup WeRide closes Series B round at $310m
Chinese autonomous vehicle startup WeRide announced on Thursday the completion of its Series B2 and B3 rounds of financing, less than one month after the firm raised $200 million in a Series B1 round in late December. Guangzhou, China-based WeRide garnered a combined $310 million across the three tranches. Upon the completion of the Series… Continue reading Chinese self-driving startup WeRide closes Series B round at $310m
@VW Group: Volkswagen Group strengthens market position in 2020 and hits the ground running in e-offensive
The Volkswagen Group handed over 9,305,400 vehicles to customers worldwide in 2020, a decrease of 15.2 percent year-on-year due to Covid-19. In December, deliveries were down just 3.2 percent on the same month of the previous year, while in the fourth quarter they declined by a total of 5.7 percent. This meant that the Group… Continue reading @VW Group: Volkswagen Group strengthens market position in 2020 and hits the ground running in e-offensive
M&M’s market cap hits Rs 100,000 crore mark, helped by market sentiment
If there is one auto major that’s grabbing the headlines right from day one of 2021, it’s got to be Mahindra & Mahindra. The stock’s market capitalisation has again hit the psychologically important one-lakh-crore-rupee mark as the stock price hit fresh two-year highs today. In January alone, the stock has gained almost 13 percent and… Continue reading M&M’s market cap hits Rs 100,000 crore mark, helped by market sentiment
@Nio: NIO Inc. Prices Offering of US$1.3 Billion Convertible Senior Notes000185
January 13, 2021 at 4:56 AM EST SHANGHAI, China, Jan. 13, 2021 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the pricing of US$650 million in aggregate principal amount of convertible senior notes due 2026 (the “2026 Notes”) and US$650 million in… Continue reading @Nio: NIO Inc. Prices Offering of US$1.3 Billion Convertible Senior Notes000185
Geely and Foxconn to form auto partnership: Sources
Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group will form a partnership to provide contract manufacturing and consultancy services to automakers and mobility companies, three sources said on Wednesday. The two companies will set up a joint venture which will form the basis of a strategic partnership for the auto industry, said one source… Continue reading Geely and Foxconn to form auto partnership: Sources
Mercedes-Benz India sells 7,983 units in pandemic-hit CY2020, down 42%, plans 15 launches in 2021
Mercedes-Benz India, the luxury car market leader, has reported sales of 7,893 cars in CY2020, a year which was largely impacted by the Covid-19 pandemic and resultant lockdowns across the country. CY2020 sales are down 42.74 percent year on year (CY2019: 13,786). Last week, BMW India had reported sales of 6,404 cars in CY2020, down 26% The… Continue reading Mercedes-Benz India sells 7,983 units in pandemic-hit CY2020, down 42%, plans 15 launches in 2021
Geely and electronics giant Foxconn ink JV to provide customised consulting to OEMs
Zhejiang Geely Holding Group (Geely Holding) and Foxconn Technology Group (Foxconn) have signed a strategic cooperative agreement that will establish a joint venture company to provide OEM production and comprehensive customised consulting services relating to whole vehicles, parts, intelligent drive systems, automotive ecosystem platforms nd electric vehicle industry value chain to global automotive enterprises. The… Continue reading Geely and electronics giant Foxconn ink JV to provide customised consulting to OEMs