LONDON, June 13, 2020 /PRNewswire/ — Battery manufacturer Britishvolt today announces the appointment of seasoned battery industry professional Isobel Sheldon, as Chief Strategy Officer (CSO) and Head of the Advisory Board, to support building the UK’s first large scale cell gigafactory. In this new role, Isobel’s familiarity with the global battery landscape will allow her… Continue reading Battery Industry Veteran Isobel Sheldon Joins Britishvolt to Build Ground Breaking UK Gigafactory
Tag: Strategy
M&M stops further investments in SsangYong, to shut Genze
Stung by steep losses arising from its international businesses, Mahindra & Mahindra (M&M) has decided to stop any further investments in Ssangyong Motors. The company is said to be aggressively looking for an investor and has not ruled out completely exiting from its South Korean subsidiary. The company announced a ‘Walk-Run-Fly’ strategy to drive the automotive and… Continue reading M&M stops further investments in SsangYong, to shut Genze
Indian automaker Mahindra seeks to give up control of struggling unit SsangYong
NEW DELHI (Reuters) – Mahindra & Mahindra (MAHM.NS) plans to give up control of struggling South Korean unit SsangYong Motor (003620.KS), the Indian automaker’s managing director said on Friday, as it looks to exit loss-making ventures amid the coronavirus pandemic. “SsangYong needs a new investor. We are working with the company to see if we… Continue reading Indian automaker Mahindra seeks to give up control of struggling unit SsangYong
Bitauto Announces First Quarter 2020 Results
BEIJING, June 12, 2020 /PRNewswire/ — Bitauto Holdings Limited (“Bitauto” or the “Company”) (NYSE: BITA), a leading provider of internet content & marketing services, and transaction services for China’s automotive industry, today announced its unaudited financial results for the first quarter ended March 31, 2020[1]. Bitauto First Quarter 2020 Highlights Revenue in the first quarter… Continue reading Bitauto Announces First Quarter 2020 Results
GM’s electric push risks market-share loss for top moneymakers
David Welch, Bloomberg Published 1:04 p.m. ET June 11, 2020 | Updated 1:06 p.m. ET June 11, 2020 General Motors Co.’s ambitious push into electric vehicles could pose a near-term risk as the automaker spends less to replace its more profitable gas-powered vehicles, according to an annual study published by Bank of America Global Research.… Continue reading GM’s electric push risks market-share loss for top moneymakers
Mullen Group Ltd. Announces Mid-Quarter Update
OKOTOKS, AB, June 11, 2020 /PRNewswire/ – (TSX: MTL) Mullen Group Ltd. (“Mullen Group”, “We”, “Our” and/or the “Corporation”), one of the leading suppliers of trucking and logistics services in Canada providing a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized and specialized hauling transportation, today provided a mid-quarter update due to the… Continue reading Mullen Group Ltd. Announces Mid-Quarter Update
China passenger car sales in May mark first gain in 2 years
SHANGHAI — New-vehicle sales in China have increased the past two months, recording 14.5% annual growth in May to 2.194 million units and stoking optimism in the world’s largest auto market, which had slumped due to the coronavirus pandemic. The news reflects continued growth in the sector, which rose 4.4% in April. The figure for May… Continue reading China passenger car sales in May mark first gain in 2 years
@BMW: ROLLS-ROYCE MOTOR CARS ISSUES CLARIFICATION FOLLOWING RECENT ANNOUNCEMENTS BY ROLLS-ROYCE PLC
Rolls-Royce Motor Cars has issued a statement in response to continuing media confusion and misreporting concerning its assumed or implied connection to Rolls-Royce plc. Media are kindly asked to note that images of Rolls-Royce motor cars, the black and silver “Double R” logo, the “Spirit of Ecstasy” (“Flying Lady”) mascot, the Rolls-Royce Pantheon Grille and… Continue reading @BMW: ROLLS-ROYCE MOTOR CARS ISSUES CLARIFICATION FOLLOWING RECENT ANNOUNCEMENTS BY ROLLS-ROYCE PLC
@VW Group: Ford, Volkswagen Sign Agreements for Joint Projects On Commercial Vehicles, Electrification, Autonomous Driving
Ford Motor Company and Volkswagen AG today signed agreements that expand their global alliance to meet rapidly evolving needs of their respective customers in Europe and other regions by leveraging complementary strengths in midsize pickup trucks and com-mercial and electric vehicles. Plans for the agreements were first announced by Ford and Volkswagen last July. The… Continue reading @VW Group: Ford, Volkswagen Sign Agreements for Joint Projects On Commercial Vehicles, Electrification, Autonomous Driving
@VW Group: Helping Managers Make Better Decisions
Dr. Becker, you are a long-range pilot and senior first officer on Airbus A340 jets, you’ve co-founded a business in Hamburg, and you have a four-year-old son and two-year-old daughter. Has the coronavirus pandemic hit you in three different ways—as an employee, a business owner, and a mother? Dr. Tanja Becker: Indeed it has. I’ve… Continue reading @VW Group: Helping Managers Make Better Decisions