FILE PHOTO: A Tata Tigor car is pictured at the assembly line inside the Tata Motors car plant in Sanand, on the outskirts of Ahmedabad, India, August 7, 2018. REUTERS/Amit Dave BENGALURU (Reuters) – India’s Tata Motors Ltd (TAMO.NS) on Monday forecast a significantly weak first quarter and said it was reviewing all its businesses… Continue reading JLR parent sees weak quarter, targets $789 million savings as lockdowns weigh
Tag: Strategy
@Tata-JLR: IAN HARNETT RETIRES AND JAGUAR LAND ROVER APPOINTS NEW BOARD MEMBERS
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: IAN HARNETT RETIRES AND JAGUAR LAND ROVER APPOINTS NEW BOARD MEMBERS
@Tata-JLR: JAGUAR LAND ROVER REPORTS FOURTH QUARTER AND FULL-YEAR RESULTS FOR FISCAL 2019/20
• In Fiscal 2019/20 Jaguar Land Rover revealed plans to manufacture a range of new electrified vehicles at its Castle Bromwich manufacturing plant in the UK, with the first vehicle confirmed as the next-generation all-electric Jaguar XJ.• The company will open a new Battery Assembly Centre near Birmingham (UK) and will begin the manufacture of… Continue reading @Tata-JLR: JAGUAR LAND ROVER REPORTS FOURTH QUARTER AND FULL-YEAR RESULTS FOR FISCAL 2019/20
Ampere Electric launches new Magnus Pro at Rs 73,990, bets on premium e-scooters
Ampere Electric Vehicles, the electric mobility arm of the Mumbai-based Greaves Cotton, today launched the new Magnus Pro, the first of what are to be a number of new high-speed premium offerings. The company claims the Magnus Pro offers the best-in-class performance and comfort, a range of 75-80km per charge, and a maximum speed of 55kph.… Continue reading Ampere Electric launches new Magnus Pro at Rs 73,990, bets on premium e-scooters
@Hyundai: Announcement Regarding Interim Dividend
Hyundai Motor Company has decided to suspend the interim dividend for FY2020 to preemptively secure liquidity in response to worsening business environment and escalated uncertainty caused by COVID-19. Moving forward, through active risk management, we will overcome current hardship, as well as continue to put every effort to establish the foundation for sustainable future growth.… Continue reading @Hyundai: Announcement Regarding Interim Dividend
Battery Industry Veteran Isobel Sheldon Joins Britishvolt to Build Ground Breaking UK Gigafactory
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
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