LONDON/FRANKFURT (Reuters) – Volkswagen Group VOWG_p.DE is hosting preliminary talks with potential bidders for its Ducati brand to gauge potential interest in the motorcycle maker ahead of a November planning round, three people familiar with the matter told Reuters. Slideshow ( 2 images ) During the five-year planning round, VW will review the future of… Continue reading VW gauges interest in Ducati brand as a prelude to potential sale: sources
Tag: Strategy
@Ford: How Ford’s Next-Gen Test Vehicle Lays the Foundation for Our Self-Driving Business
By John Davis, Chief Engineer, Ford Autonomous Vehicles LLC A fourth-generation self-driving test vehicle from Ford and Argo AI Launching a self-driving service is complex. Many different pieces need to come together to create a trusted and scalable self-driving service that provides value to customers and the cities they operate in. At Ford, we are taking a… Continue reading @Ford: How Ford’s Next-Gen Test Vehicle Lays the Foundation for Our Self-Driving Business
Lightning Systems Renames Company Lightning eMotors, Expands to Meet Growing Demand for Medium-Duty Commercial EVs
LOVELAND, Colo., Oct. 20, 2020 /PRNewswire/ — Lightning Systems, a leading provider of complete electrification solutions for commercial fleets, today announced that it is expanding and renaming the company to Lightning eMotors, effective immediately. Continue Reading Electric drivetrains being assembled at Lightning eMotors’ facility in Loveland, CO “When we originally selected Lightning Systems as our name,… Continue reading Lightning Systems Renames Company Lightning eMotors, Expands to Meet Growing Demand for Medium-Duty Commercial EVs
Magna Names Seetarama (Swamy) Kotagiri Chief Executive Officer
Kotagiri, current Magna President and 21-year company veteran, to succeed Don WalkerWalker to retire at end of 2020 after 15 consecutive years as CEO, 33 years with MagnaMedia conference call to be held today, October 20, at 8 a.m. EDTAURORA, Ontario, Oct. 20, 2020 (GLOBE NEWSWIRE) — Magna announced today that its Board of Directors… Continue reading Magna Names Seetarama (Swamy) Kotagiri Chief Executive Officer
@VW Group: Porsche launches new Panamera models
10/20/2020 Porsche is completing the product line-up for the new Panamera with three new models. The new Panamera Turbo S E-Hybrid is now the most powerful variant in the completely revamped product line, combining a 420 kW (571 PS; Panamera Turbo S E-Hybrid models: Fuel consumption combined 2.8 – 2.7 l/100 km; CO2 emissions combined… Continue reading @VW Group: Porsche launches new Panamera models
@Tata: Tata Motors Passenger Vehicles Business joins hands with HDFC Bank to provide ex ..
17 October, 2020 Key Highlights: EMI per lakh per month starting as low as Rs. 799/- at attractive rate of interest Flexible EMI options available Enjoy up to 100% ex-showroom funding on the entire PV range Loan tenure of up to 5-years Schemes available on all passenger vehicles Tata Motors, India’s leading automotive brand, in… Continue reading @Tata: Tata Motors Passenger Vehicles Business joins hands with HDFC Bank to provide ex ..
Ford wage, benefits fuel union buzz at Honda, Toyota, says Unifor leader
Jerry Dias has his eye on Honda and Toyota now. The president of Unifor, the union representing Detroit Three autoworkers in Canada, said contract talks with Ford Motor Co. went so well that nonunion workers have begun making inquiries, wondering if the time has come to join. The Ford deal announced Sept. 28 included a $1.5 billion (U.S.) investment… Continue reading Ford wage, benefits fuel union buzz at Honda, Toyota, says Unifor leader
Citygate Automotive acquires Škoda outlet from Lookers
Citygate Automotive has added its third Škoda outlet with the acquisition of the West London franchise from Lookers, for an undisclosed sum. This follows the group’s recent acquisitions of West London Volkswagen and Twickenham Volkswagen earlier this year. Employing over 650 staff, the company’s latest purchase increases its portfolio to 14 dealerships across London and… Continue reading Citygate Automotive acquires Škoda outlet from Lookers
@BMW: Ad-hoc announcement: Preliminary free cash flow for the Automotive segment of BMW AG in the third quarter of 2020 above market expectations000661
Munich. The preliminary free cash flow for the Automotive segment of BMW AG in the third quarter 2020 amounts to €3,065 million (previous year: €714 million) and thus exceeds current market expectations. This was due in particular to a faster recovery in several markets, which led to higher sales growth. In addition, a focused management has… Continue reading @BMW: Ad-hoc announcement: Preliminary free cash flow for the Automotive segment of BMW AG in the third quarter of 2020 above market expectations000661
Analyst Report: Magna International Inc.
TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Markets thrive on risk, but risk is hard to talk about. It’s easy to fall back on cliches – buy low and sell high, or the bulls and bears make money while the pigs get slaughtered – but those cliches have drifted into… Continue reading Analyst Report: Magna International Inc.