PSA Aftermarket continues its development in the circular economy by expanding its partnership with Faurecia Clarion Electronics (FCE) for multi-brand electronic repairs. Groupe PSA is expanding its existing partnership with Faurecia Clarion Electronics with 4 new product families: clusters, engine control units, vehicle control units and switch modules. The goal of the repair is threefold:… Continue reading @Groupe PSA: Electronic repairs: Groupe PSA expands its circular economy offering in Europe and select Faurecia Clarion Electronics
Tag: Strategy
Tata Motors to shed 1,100 JLR jobs after pandemic hits earnings
BENGALURU (Reuters) – India’s Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after it raised the cost-cutting target at its luxury unit by 1 billion pounds ($1.26 billion) to ride out the disruptions caused by the coronavirus outbreak. FILE PHOTO: A Tata Tigor car is pictured at the assembly… Continue reading Tata Motors to shed 1,100 JLR jobs after pandemic hits earnings
India: Logistics startup LetsTransport snags funding from Stride Ventures
Logistics start up LetsTransport on Monday raised ₹10 crore from Stride Ventures, a leading venture debt fund. The start-up will use the funds to scale up their operations and network so as to help streamline urban logistics for enterprises in the current times. Stride will be a strategic partner in LetsTransport’s journey with their customized… Continue reading India: Logistics startup LetsTransport snags funding from Stride Ventures
JLR parent sees weak quarter, targets $789 million savings as lockdowns weigh
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
@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