Kia and CODE42.ai jointly invest in new start-up, using proprietary operating system to manage mobility services New start-up extends Kia’s footprint in growing Transportation as a Service (TaaS) sector Kia pursuing new business opportunities based on EV mobility Kia Motors Corporation has today announced the founding of ‘Purple M’, a new mobility service start-up designed… Continue reading @Hyundai: Kia establishes ‘Purple M’ start-up to accelerate EV mobility services
Tag: Strategy
Car maker: Investors praise Daimler CEO: “Källenius ends his predecessor’s dreams”
Ola Källenius The new mantra of the Daimler CEO is “Margin comes before quantity”. (Photo: dpa) Munich The carmaker has been fighting for two and a half years Daimler with steadily falling profits. The crisis of the Dax group is far from over. As a result of the corona crisis, the Mercedes manufacturer even reported… Continue reading Car maker: Investors praise Daimler CEO: “Källenius ends his predecessor’s dreams”
@Hyundai: Hyundai KONA Electric Hits 100,000 Global Sales Milestone
Hyundai KONA Electric achieved the 100K milestone in just over two years since its launch KONA Electric’s class-leading driving range, fast-charging capability, safety and convenience features have led to sales success and industry accolades Hyundai seeks to sell 560,000 BEVs annually by 2025, leveraging KONA Electric’s global success 17 July 2020 – KONA Electric, Hyundai… Continue reading @Hyundai: Hyundai KONA Electric Hits 100,000 Global Sales Milestone
Restructuring with obstacles: Daimler wants to save two billion in personnel – How the group should get back on track
Daimler boss Ola Källenius The manager sees the future of the group in the luxury sector. (Photo: Smetek) Champagne, diamond rings and cases made of precious leather – luxury products are particularly important at Daimler. When CEO Ola Källenius speaks to top managers about the future of the car company these days, the name keeps… Continue reading Restructuring with obstacles: Daimler wants to save two billion in personnel – How the group should get back on track
India: Tata Sons may raise $1b to finance a fresh equity infusion into group firms
The board of the Tata group holding company discussed possible avenues for the fund-raise at its meeting on Friday, the people cited above said on condition of anonymity. “The board discussed various fund-raise options available, and is likely to soon take a final decision in this regard,“ said the first of the two people, adding,… Continue reading India: Tata Sons may raise $1b to finance a fresh equity infusion into group firms
@Groupe PSA: Worldwide sales at 1 Million units in the first semester
Global sales almost doubled in June versus May, in the context of the coronavirus crisis Electrification of the PC and LCV range at high pace: 13[1] new models launched since beginning of 2019 and one innovative mobility solution with Citroën Ami The Group is among the best performing OEMs and is compliant with 2020 European… Continue reading @Groupe PSA: Worldwide sales at 1 Million units in the first semester
Electric cars: St Athan confirmed as site for planned battery factory
Plans to build a plant for producing electric car batteries in Wales are a step closer, the firm behind the proposals has said. Britishvolt had also been considering a Coventry site but said it had signed a memorandum of understanding (MOU) with the Welsh Government to build the factory in St Athan, Vale of Glamorgan.… Continue reading Electric cars: St Athan confirmed as site for planned battery factory
@Tata-JLR: 1.5 MILLION AND COUNTING: JAGUAR LAND ROVER CELEBRATES CLEAN ENGINE MANUFACTURING MILESTONE
*The EMC provides powertrain options across all Jaguar Land Rover models except the Jaguar I-PACE **Government announces Advanced Propulsion Centre funding. https://www.gov.uk/government/news/735-million-to-boost-green-economic-recovery-in-automotive-sector For more information about Destination Zero please visit https://www.jaguarlandrover.com/2019/strategy 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… Continue reading @Tata-JLR: 1.5 MILLION AND COUNTING: JAGUAR LAND ROVER CELEBRATES CLEAN ENGINE MANUFACTURING MILESTONE
@Daimler: Preliminary results for the second quarter 2020 above market expectations –positive Industrial Free Cash Flow
Stuttgart (Germany) – Following a better than expected market recovery and a strong June performance, Daimler Group adjusted EBIT, Mercedes-Benz Cars & Vans adjusted EBIT and Daimler’s Industrial Free Cash Flow for the second quarter of 2020 are all above market expectations. Daimler’s deployment of extensive cash preservation measures plus the favorable demand-driven development of… Continue reading @Daimler: Preliminary results for the second quarter 2020 above market expectations –positive Industrial Free Cash Flow
@GM: GM Releases 10th Annual Sustainability Report Outlining 2019 Progress and Plans for the Future Pandemic causes no delay in all-electric lineup Sig…
Pandemic causes no delay in all-electric lineup Significant progress made on COVID-19 mask and ventilator production GM makes commitment to become the most inclusive company in the world and build a safer, more equitable culture DETROIT – General Motors today released its 10th annual sustainability report, providing transparency and accountability on its progress and key… Continue reading @GM: GM Releases 10th Annual Sustainability Report Outlining 2019 Progress and Plans for the Future Pandemic causes no delay in all-electric lineup Sig…