Struggling luxury UK carmaker Aston Martin has announced that chief executive Andy Palmer has stepped down. Tobias Moers is taking over from 1 August, with Keith Stanton filling the gap as interim chief operating officer. Mr Moers joins from Mercedes’ high-performance subsidiary AMG, where he is currently chief executive. Aston Martin was struggling before the… Continue reading Aston Martin chief leaves after 94% share price collapse
Tag: Strategy
@Daimler: 26. May 2020Rolls-Royce and Daimler Truck AG plan cooperation on stationary fuel-cell systems
May 26, 2020 – Daimler Truck AG and Rolls-Royce plc plan to cooperate on stationary fuel-cell generators as CO2-neutral emergency power generators for safety-critical facilities such as data centers. They are to offer emission-free alternatives to diesel engines, which are currently used as emergency power generators or to cover peak loads. The companies have signed… Continue reading @Daimler: 26. May 2020Rolls-Royce and Daimler Truck AG plan cooperation on stationary fuel-cell systems
Continental and Pioneer Agree on Strategic Partnership for a New User Experience
Pioneer provides the entire infotainment subdomain for cockpit solutions Continental integrates the infotainment system into a complete one-stop shop Shared focus on the Asian market in particular Cockpit high performance computer: Modular high-performance platform as a technical foundation for a new user experience in the cockpit of the future Babenhausen, May 26, 2020. The technology… Continue reading Continental and Pioneer Agree on Strategic Partnership for a New User Experience
Britishvolt And AMTE Power Outline Plan For Battery Gigafactory In UK
AMTE Power and Britishvolt sign MoU for UK’s landmark battery Giga Factory London, 20.05.20: AMTE Power and Britishvolt are pleased to announce plans to investigate collaborating to build the UK’s first full cycle battery cell GigaPlant, servicing the automotive and energy storage markets. Both parties have signed a memorandum of understanding (MoU) focussed on each… Continue reading Britishvolt And AMTE Power Outline Plan For Battery Gigafactory In UK
Jaguar Land Rover in talks over government loan
Jaguar Land Rover (JLR) is in talks with the government to secure a loan of more than £1bn, following a drop in sales during the coronavirus pandemic. According to reports, the carmaker has been in discussions for weeks about a support package. JLR, which is owned by India’s Tata Motors, has seen sales plunge by… Continue reading Jaguar Land Rover in talks over government loan
Sixt Adds 1K Vehicles to Carsharing Fleet
The company reported that demand from business and corporate customers is currently flat due to the general restrictions on travel and the almost complete closure of commercial airports. Photo via Sixt. In its first quarter earnings report released on May 13, Sixt outlined new service initiatives the company is implementing to adjust to the coronavirus… Continue reading Sixt Adds 1K Vehicles to Carsharing Fleet
Mercedes-Benz Doesn’t Consider Synthetic Fuels A Viable Alternative To EVs
After implying that those automakers whose first electric vehicle wasn’t a crossover had the wrong strategy, this time Mercedes-Benz R&D boss, Marcus Schäfer, says researching synthetic fuels is not worthwhile. He considers it not a credible alternative to either traditional fossil fuels or newer means of making power. Autocar quotes Schäfer as saying ‘ We… Continue reading Mercedes-Benz Doesn’t Consider Synthetic Fuels A Viable Alternative To EVs
France warns Renault could disappear; Nissan plans job cuts
PARIS/TOKYO (Reuters) – Europe’s car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn’t get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe. FILE PHOTO: The logo of Renault carmaker is pictured… Continue reading France warns Renault could disappear; Nissan plans job cuts
UPDATE 1-Nissan considering 20,000 job cuts, mainly in Europe, developing nations -Kyodo
FILE PHOTO: A Nissan logo is pictured at Brussels Motor Show, Belgium, January 9, 2020. REUTERS/Francois Lenoir TOKYO (Reuters) – Nissan Motor Co (7201.T) is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover from plunging car sales.… Continue reading UPDATE 1-Nissan considering 20,000 job cuts, mainly in Europe, developing nations -Kyodo
Renault could disappear and must adapt: French finance minister
FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe PARIS (Reuters) – Renault (RENA.PA) could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, France’s Finance Minister Bruno Le Maire said on… Continue reading Renault could disappear and must adapt: French finance minister