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
Tag: Strategy
@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
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