Experts at the Stuttgart site are developing new, state-of-the-art production facilities as the technological template for subsequent series production. Martin Daum, Chairman of the Board of Management of Daimler Truck AG and Member of the Board of Management of Daimler AG: “We are pursuing the vision of the CO2-neutral transportation of the future. The hydrogen-based… Continue reading @Daimler: Daimler Truck AG is working intensively to prepare series production of fuel cells
Tag: Strategy
Bharat Forge writes off its investment in e-truck maker Tevva Motors
Bharat Forge has provided Rs 89 crore towards impairment of its investment in Tevva Motors (Jersey) Ltd, the company said in a regulatory filing today. In June 2018, Bharat Forge had taken a strategic stake in the UK-based Tevva Motors, a provider of electric powertrain solutions for commercial vehicles for 10 million pounds (about Rs… Continue reading Bharat Forge writes off its investment in e-truck maker Tevva Motors
NIO Announces Substantial Completion of Cash Injections into NIO China in June
SHANGHAI, China, June 29, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NIO), a pioneer in China’s premium smart electric vehicle market, today announced that the investors have substantially completed the cash injection obligations for the first two installments of their investments in NIO China. NIO (Anhui) Holding Co., Ltd., or NIO Anhui,… Continue reading NIO Announces Substantial Completion of Cash Injections into NIO China in June
@AML: Aston Martin Lagonda Global Holdings plc Appointment of Chief Financial Officer
The Board of Aston Martin Lagonda Global Holdings plc (“Aston Martin”, or the “Company”) today announces the appointment of Kenneth Gregor as Chief Financial Officer. Ken, 53, will be appointed to the Board as an Executive Director today, 22 June. Ken will report to the Executive Chairman, Lawrence Stroll, and to the Chief Executive Officer,… Continue reading @AML: Aston Martin Lagonda Global Holdings plc Appointment of Chief Financial Officer
PSA Discusses Its Medium Electric Van Portfolio
PSA Group (Peugeot, Citroën, DS, Opel/Vauxhall) just released a very interesting presentation of its medium electric vans, which we have listed earlier this month here. We must admit that Xavier Peugeot, Vice President Groupe PSA Business Unit for Light Commercial Vehicles, gave one of the best presentations that EV vans ever had, pointing out all… Continue reading PSA Discusses Its Medium Electric Van Portfolio
Changes on the board of management of Robert Bosch GmbH
Stuttgart, Germany – Effective December 31, 2020, Christoph Kübel (60) will be retiring from the board of management of Robert Bosch GmbH. He will then devote himself to other company-related activities, which will be made public in due course. Kübel began his more than 30-year career at Bosch in 1986, as a commercial trainee. He… Continue reading Changes on the board of management of Robert Bosch GmbH
Auto demand has bounced back to 35% of pre-covid levels: Pawan Goenka
According to Goenka, the opening ramp-up has been faster than expected however it will probably taper down again and will take a while to reach 100 percent. New Delhi: The automobile industry is slowly limping back to life. Pawan Goenka, Managing Director of utility vehicles maker Mahindra & Mahindra (M&M) on Friday said that the… Continue reading Auto demand has bounced back to 35% of pre-covid levels: Pawan Goenka
@Groupe PSA: Faurecia shareholders’ meeting renewal of mandates of three board members and the Chairman of the board of Directors
Texte In particular, the Shareholders’ Meeting approved the renewal of the Board membership of Odile Desforges, Linda Hasenfratz, Olivia Larmaraud and Michel de Rosen for a further period of four years. The renewal of Michel de Rosen’s term as Chairman of the Board of Directors therefore took effect at the end of the Meeting, as… Continue reading @Groupe PSA: Faurecia shareholders’ meeting renewal of mandates of three board members and the Chairman of the board of Directors
@Groupe PSA: Faurecia welcomes the French government’s recovery plan which will benefit the entire automotive industry
Faurecia, a world-leading automotive technology company, welcomes the measures announced by the French President in favor of the automotive industry, in particular the support for Research & Development and public orders of fuel cell electric vehicles. France is the historical center of the Group’s activities, with 30 industrial sites and 7 R&D centers, employing more… Continue reading @Groupe PSA: Faurecia welcomes the French government’s recovery plan which will benefit the entire automotive industry
@Groupe PSA: Opel with New Business Model in Bulgaria
Sofia France Auto to be appointed as import partner More agility and flexibility will foster growth Another important step in the implementation of the PACE! plan Rüsselsheim. Opel is further developing its business strategy in selected European markets to become more agile, flexible and efficient as outlined in the PACE! strategic plan. In a further… Continue reading @Groupe PSA: Opel with New Business Model in Bulgaria