UK Automotive warns of Brexit tariff damage as new figures reveal ‘no deal’ would cut vehicle production by two million over next five years. WTO tariffs would strike £55.4bn blow to UK sector by 2025 with annual production falling below one million units consistently. Brexit deal must work for automotive to sustain competitiveness, help drive… Continue reading Drive home Brexit deal for Christmas or risk £55bn manufacturing hit, warns UK auto sector
Tag: Strategy
@Ford: Suzy Deering Joining Ford in January as Global CMO; Linda Cash Retiring as Quality, New-Vehicle Launch Leader
Chris Brewer to take on responsibility for Quality, as Ford emphasizes excellence of vehicles and experiences in customer-facing regional business units DEARBORN, Mich., Nov. 24, 2020 – Ford is hiring a dedicated head of Global Marketing to help execute its plan to unlock customer and company value, and its senior product quality and new-vehicle launch… Continue reading @Ford: Suzy Deering Joining Ford in January as Global CMO; Linda Cash Retiring as Quality, New-Vehicle Launch Leader
India: Cars24 turns unicorn with $200m funding led by DST Global
Cars24, which offers a tech-enabled platform to customers to buy and sell pre-owned vehicles, has raised $200 million in its Series E round, taking the company’s valuation to over $1 billion. With this fund-raise, the startup joined the unicorn club, and claimed it is the only startup in the mobility sector to achieve a unicorn… Continue reading India: Cars24 turns unicorn with $200m funding led by DST Global
Cars24 raises new funds led by DST Global, valuation hits $1 billion
Online used car marketplace Cars24 has secured $200 million Series E financing led by existing investor DST Global at a post-money valuation of just over $1 billion, doubling from $500 million when it had raised $100 million financing in October last year. The financing round also catapults the company into the unicorn club, becoming the… Continue reading Cars24 raises new funds led by DST Global, valuation hits $1 billion
Why EV startup Bollinger Motors is focusing on the high-end consumer – Report Door
Bollinger Motors Founder & CEO Robert Bollinger sat down with me to break down the company’s upcoming electric vehicles, the EV space, and whether a SPAC IPO is in the cards. The following is a transcript of the interview: PRAS SUBRAMANIAN: Robert, you guys are ramping up here to get that B1 and B2 out… Continue reading Why EV startup Bollinger Motors is focusing on the high-end consumer – Report Door
@Tata-JLR: JAGUAR LAND ROVER TO HIRE 300 SOFTWARE AND ENGINEERING APPRENTICES
About Jaguar Land Rover Jaguar Land Rover is the UK’s largest automotive manufacturer, built around two iconic British car brands. Land Rover is the world’s leading manufacturer of premium all-wheel-drive vehicles. Jaguar is one of the world’s premier luxury marques, as well as being the first ever brand to offer a premium all-electric performance SUV,… Continue reading @Tata-JLR: JAGUAR LAND ROVER TO HIRE 300 SOFTWARE AND ENGINEERING APPRENTICES
Dealers in a ‘much better place’ now compared to March lockdown
Dealers are in a much better place in the latest lockdown than they were back in March when the pandemic hit and showrooms closed for business. That’s the view of Philip Nothard, insight and strategy director for Cox Automotive who said the experience gained by dealers and the acceleration of digital had a significant impact.… Continue reading Dealers in a ‘much better place’ now compared to March lockdown
@VW Group: Audi and KIT are working on recycling method for automotive plastics
A large number of components in automobiles are made from plastics. They have to meet exacting safety, heat resistance and quality requirements. That is why, so far, only petroleum-based materials have been suitable for manufacturing plastic components in automobiles that are subjected to particularly intensive wear. Such materials are not recyclable in most cases. Whereas… Continue reading @VW Group: Audi and KIT are working on recycling method for automotive plastics
@VW Group: Audi on the road toward CO2-neutral production sites
AUDI AG intends to contribute its share to achieving the Paris climate goals. The company has initiated a large number of actions along the entire value chain to support the vision of achieving carbon neutrality on the environmental balance sheet by 2050. All actions to reduce the environmental footprint in manufacturing and logistics are concentrated… Continue reading @VW Group: Audi on the road toward CO2-neutral production sites
Envoy Raises $11M in Series A Funding
Envoy Technologies has secured an $11 million Series A round and a strategic vehicle financing facility to assist it to scale to thousands of vehicles, the company announced. The Series A was co-led by Shell Ventures and Building Ventures and included other notable investors: DENSO, Goodyear Ventures, GroundBreak Ventures, and the Los Angeles Cleantech Incubator Impact Fund. The… Continue reading Envoy Raises $11M in Series A Funding