On purely business grounds, Renault could do without its plant in Maubeuge. Like its sister factory, 75 kilometers (47 miles) away in Douai, the plant opened nearly half a century ago as part of a government effort to stem the decline of France’s northern industrial coal belt. Production at the two sites is now at… Continue reading Why closing car plants in France is a long and painful process – Automotive News Europe
Tag: Strategy
Brayleys buys Romford Honda from Glyn Hopkin
Brayleys has bought Romford Honda from Glyn Hopkin for an undisclosed sum. The Hertfordshire-based group now has eight Honda showrooms and nine aftersales outlets. The Romford business joins Brayley Honda dealerships in Enfield, St Albans, Hemel Hempstead, Ruislip, Thames Ditton, Ewell and Leatherhead and a stand-alone aftersales facility in Grays, Essex. Brayleys also represents Kia,… Continue reading Brayleys buys Romford Honda from Glyn Hopkin
@VW Group: Technical innovations tested in motorsport made their way into road cars from ŠKODA
Christian Strube, Board Member for Technical Development at ŠKODA AUTO, emphasizes: “The close cooperation between motorsport engineers and colleagues from technical development is significantly important for us. This cooperation is founded on the highest technical competence, great commitment and love for technology. This excitement and the know how from motorsport is transferred from the rally… Continue reading @VW Group: Technical innovations tested in motorsport made their way into road cars from ŠKODA
Groupe Renault : Finalization of a €5 Billion Credit Facility Agreement With a Guarantee of the French State
PRESS RELEASEGROUPE RENAULT ANNOUNCES THE FINALIZATION OF A €5 BILLION CREDIT FACILITY AGREEMENT WITH A GUARANTEE OF THE FRENCH STATEBoulogne-Billancourt, on June 3rd, 2020 – Groupe Renault announces the finalization of a credit facility agreement with a banking pool, for a maximum total amount of €5 billion benefiting from a guarantee of the French State.This… Continue reading Groupe Renault : Finalization of a €5 Billion Credit Facility Agreement With a Guarantee of the French State
Nissan: UK factory still under threat from no-deal Brexit
Media playback is unsupported on your device The UK’s largest car manufacturing plant is “unsustainable” if the UK leaves the European Union without a trade deal, owner Nissan says. The Japanese company’s global chief operating head told the BBC people had to understand the EU was the Sunderland factory’s biggest customer. Ashwani Gupta said that… Continue reading Nissan: UK factory still under threat from no-deal Brexit
Nissan warns UK plant ‘unsustainable’ without EU trade deal -BBC
FILE PHOTO: Workers are seen on the production line at Nissan’s car plant in Sunderland Britain, October 10, 2019. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Nissan’s (7201.T) car manufacturing plant in Sunderland, northern England, which employs 7,000, is “unsustainable” if Britain leaves the European Union without a trade deal, it said on Wednesday. Ashwani Gupta,… Continue reading Nissan warns UK plant ‘unsustainable’ without EU trade deal -BBC
Vertu Motors announces acquisition intention in 2019 financial results
Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown. Group chief executive, Robert Forrester, told AM “there’s no point being pessimistic” as he discussed the results of the group’s financial year to… Continue reading Vertu Motors announces acquisition intention in 2019 financial results
@Groupe PSA: Groupe PSA and Punch Powertrain Expand Strategic Partnership in Electrification
Agreement to establish second Joint Venture New Joint Venture to design, manufacture and supply state of the art components and sub-systems for the future generation of the electrified transmission (e-DCT[1]) e-DCT will equip Groupe PSA’s mild hybrid electric (MHEV) and plug-in hybrid electric (PHEV) vehicles and carmakers globally Groupe PSA and Punch Powertrain have signed… Continue reading @Groupe PSA: Groupe PSA and Punch Powertrain Expand Strategic Partnership in Electrification
Mitsubishi Corporation and NTT complete acquisition of 30% stake in HERE Technologies
June 2, 2020Amsterdam and Tokyo – HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan have completed their joint acquisition of a 30% ownership stake in the company, after receiving regulatory approvals.HERE welcomes MC and NTT as strategic investors. The two companies have co-invested in HERE via… Continue reading Mitsubishi Corporation and NTT complete acquisition of 30% stake in HERE Technologies
Locus Robotics Announces $40 Million Series D Investment
WILMINGTON, Mass., June 2, 2020 /PRNewswire/ — Locus Robotics, the market leader in autonomous mobile robots (AMR) for fulfillment warehouses, announced that it raised more than $40 million in Series D funding led by Zebra Ventures, the strategic investment arm of Zebra Technologies. Existing investors, including Scale Venture Partners, also participated in the round. The Series… Continue reading Locus Robotics Announces $40 Million Series D Investment