Mitsubishi (part of the Renault-Nissan-Mitsubishi Alliance) announced a bunch of bad news on July 27, 2020 starting with a very poor financial report. For the fiscal year ending March 2021, the Japanese company anticipates an operating loss of 140 billion yen ($1.33 billion). It will be the second year of losses in a row, and… Continue reading Mitsubishi Is In Trouble, Freezes New Car Launches In Europe
Tag: Strategy
Visteon Career Profile: Kris Doyle, Director of Investor Relations and Strategic Planning
By: Elaine Zhu What is the coolest thing about working at Visteon? The automotive industry is changing rapidly, with vehicles becoming more connected and digital. This has created a great opportunity for Visteon, a pure play cockpit electronics company developing innovative products aligned with these secular trends. I think it makes working at Visteon extremely exciting.… Continue reading Visteon Career Profile: Kris Doyle, Director of Investor Relations and Strategic Planning
@GM: GM Names Alan Wexler Senior Vice President, Innovation and Growth
GM Names Alan Wexler Senior Vice President, Innovation and Growth 2020-07-27 DETROIT – General Motors today announced the appointment of Alan Wexler to the newly created position of senior vice president, Innovation and Growth, effective Monday, Aug. 17, 2020. Wexler is the former Chairman and CEO of digital business transformation firm Publicis Sapient. Wexler will… Continue reading @GM: GM Names Alan Wexler Senior Vice President, Innovation and Growth
Uber: Uber ATG issues enhancements to Safety Case Framework
By: Nat Beuse, Head of Safety at Uber Advanced Technologies Group In July 2019, the team at Uber ATG released our first, open-sourced Safety Case Framework, which clearly organizes the goals, claims, and evidence necessary to substantiate that our self-driving vehicles (SDVs) are acceptably safe to operate on public roads. The framework charted an outline… Continue reading Uber: Uber ATG issues enhancements to Safety Case Framework
Dealers see surge in demand for low mileage lease deals
Dealers are seeing a surge in demand for low mileage car leasing deals as a result of the lockdown. Leasing.com, the platform that provides leasing deals from franchised motor dealerships, independent brokers, motor manufacturers and leasing companies, said it has seen a 40% increase in demand for sub-5,000 mile contracts. Changes in lifestyle, commutes and… Continue reading Dealers see surge in demand for low mileage lease deals
BMW plans to reduce emissions by 80% for each car manufactured by 2030
MUNICH (GERMANY), Jul 27 (EUROPA PRESS) – BMW has reduced the emissions linked to the production of its vehicles by 70% since 2006 and has now set out to continue that reduction, with the aim of cutting an additional 80% of emissions for each car produced before 2030 compared to registered last year. This was… Continue reading BMW plans to reduce emissions by 80% for each car manufactured by 2030
Financial information for the six months ended June 30, 2020
Financial information for the six months ended June 30, 2020 Supported by its diversified offering, engaged employees and robust financial position, Michelin is demonstrating its resilience through a crisis that is as intense as unprecedented The Group quickly deployed all the measures needed to safeguard employee health, ensure business continuity and conserve cash Despite collapsing… Continue reading Financial information for the six months ended June 30, 2020
@Groupe PSA: Half year 2020 results: agility and resilience
QUICK REACTION TO THE COVID-19 CRISIS WITH A FOCUS ON THREE PRIORITIES Safe restart of production Rigorous management of liquidity and protection of a sound financial structure Resilience actions to face sharp sales drop CONTINUED COMMERCIAL SUCCESS WITH STRONG ORDER INTAKE OF €12bn IN H1 AND IMPROVED CUSTOMER SATISFACTION FURTHER RESILIENCE ACTIONS AND… Continue reading @Groupe PSA: Half year 2020 results: agility and resilience
Secret meetings: The search for the VW spy is on – new high point in business crime with Prevent
Volkswagen headquarters in Wolfsburg The eavesdropping affair could have legal consequences. (Photo: dpa) Düsseldorf, Frankfurt Dozens of court cases, private detectives and now also a spy affair: The dispute between Volkswagen and Prevent has developed into a business thriller. The magazine “Business Insider” revealed last weekend that an informer had recorded confidential meetings of a… Continue reading Secret meetings: The search for the VW spy is on – new high point in business crime with Prevent
Insurance companies: Ergo becomes new insurance partner of BMW
Mini production in Oxford In future, Ergo will be the exclusive insurance partner of Bavaria for leasing contracts and financing offers for small cars and other BMW models. (Photo: Reuters) Frankfurt The Munich Re subsidiary Ergo becomes the car company’s new insurance partner BMW and surprisingly stings the rival Generali out. The Düsseldorf primary insurer… Continue reading Insurance companies: Ergo becomes new insurance partner of BMW