Kia‘s next electric vehicle (EV), due to arrive in 2021 based on last year’s Imagine concept, will be a high-end, high-performance showcase for the firm’s future line-up. The zero-emissions model, which will take a new nameplate, will sit above the existing e-Niro and Soul EV crossovers. Adding a third, larger model will help Kia reach its goal of a 6.6% global… Continue reading Next Kia EV will be ‘super-high-performance’ halo model
Tag: Strategy
Edited Transcript of DAN earnings conference call or presentation 13-Feb-20 3:30pm GMT
Q4 2019 Dana Inc Earnings Call Maumee Feb 14, 2020 (Thomson StreetEvents) — Edited Transcript of Dana Inc earnings conference call or presentation Thursday, February 13, 2020 at 3:30:00pm GMT TEXT version of Transcript ================================================================================ Corporate Participants ================================================================================ * Craig Barber Dana Incorporated – Senior Director of IR and Strategic Planning * James K. Kamsickas… Continue reading Edited Transcript of DAN earnings conference call or presentation 13-Feb-20 3:30pm GMT
@Nio: NIO Announces Additional US$100 Million Private Placements of Short-term Convertible Notes
SHANGHAI, China, Feb. 14, 2020 (GLOBE NEWSWIRE) — NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today announced that it has entered into definitive transaction documents with two unaffiliated Asia-based investment funds (the “Purchasers”), pursuant to which NIO will issue and sell convertible notes in an aggregate… Continue reading @Nio: NIO Announces Additional US$100 Million Private Placements of Short-term Convertible Notes
Toyota Financial Services Issues Fifth Green Bond, Reinforcing Toyota’s Commitment to Sustainability
PLANO, Texas, Feb. 14, 2020 /PRNewswire/ — Toyota Financial Services (TFS) issued its latest unsecured Green Bond, reinforcing the company’s industry-leading commitment to the sale of environmentally friendly vehicles. Proceeds from the $750 million bond will be used to fund the acquisition of new retail installment contracts and operating lease contracts financing Toyota and Lexus… Continue reading Toyota Financial Services Issues Fifth Green Bond, Reinforcing Toyota’s Commitment to Sustainability
Renault is preparing a drastic “taboo-free” savings program
Posted Feb 14 2020 at 10:14 am Updated on Feb 14 2020 at 10.49 am Renault ended a dark year in red, a first since the economic crisis of 2009. And his staff does not expect to do much better this year, the coronavirus and the Chinese prospects not helping. It is therefore necessary to… Continue reading Renault is preparing a drastic “taboo-free” savings program
Introducing Our COO and Rising Engineering Leaders
Readying Voyage to launch a self-driving car business I’m both incredibly proud of and humbled by the all-star team we’ve built at Voyage. As we work to unlock the potential of self-driving cars for people who need them, we’re building a business to create advanced mobility technology that serves people at-scale. Our people are remarkable, and… Continue reading Introducing Our COO and Rising Engineering Leaders
Karma Automotive to lay off 60 more workers at California headquarters
Karma Automotive is laying off 60 workers at its Irvine, Calif., headquarters, just three months after cutting 200 workers, according to documents filed with the California Employment Development Department. The Chinese-backed California-based startup filed the notice under the Worker Adjustment and Retraining Notification Act, which requires employers to alert the state of mass layoffs. The… Continue reading Karma Automotive to lay off 60 more workers at California headquarters
Hyundai Group, Canoo to co-develop platform for future electric vehicles
Hyundai Motor Group has engaged Canoo, a Los Angeles based company creating EVs for subscription only, to jointly develop an electric vehicle (EV) platform based on Canoo’s proprietary skateboard design for upcoming Hyundai and Kia models. As part of the collaboration, Canoo will provide engineering services to help develop a fully scalable, all-electric platform to… Continue reading Hyundai Group, Canoo to co-develop platform for future electric vehicles
Lyft: Lyft Announces Record Fourth Quarter and Fiscal Year Results
Surpasses $1 billion in quarterly revenue, up 52% year-over-yearFiscal 2019 revenue of $3.6 billion up 68% year-over-yearIssues outlook for fiscal 2020 SAN FRANCISCO, Feb. 11, 2020 (GLOBE NEWSWIRE) — Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its fourth quarter and fiscal year ended December 31, 2019. Fourth Quarter 2019 Financial Highlights Lyft reported Q4… Continue reading Lyft: Lyft Announces Record Fourth Quarter and Fiscal Year Results
Daimler CEO Källenius presents future strategy: “The next three years will be a sack full of work”
Annual profit: slumped by a third. The dividend: from 3.25 euros per share to 90 cents. Employee bonuses: plummeted to around EUR 1,000 after around EUR 5,000 the previous year. Daimler’s head of office Ola Källenius, who has been in office since May 2019, has had a catastrophic start – you can’t say it otherwise.… Continue reading Daimler CEO Källenius presents future strategy: “The next three years will be a sack full of work”