Franchised dealerships are the first choice for 93% of new car buyers. The NFDA Consumer Attitude Survey revealed that 75% of car purchases, for cars under seven years old, are made at franchised dealers, 14% are made at independent garages, 5% at used car supermarkets and 5% from private sellers. It also found that 50%… Continue reading New car buyers stick to franchised dealers despite online trend
Tag: Strategy
Honda Launches e:Technology Brand: Announces Accelerated EV Strategy
All mainstream models to be electrified in Europe quicker than previously anticipated. At the 2019 Tokyo Motor Show, Honda announced a new global “e:Technology” brand for all its electrified products (cars, motorcycles and power product ranges). In this way, the Japanese company follows other manufacturers, which also announced some kind of subbrand (like Volkswagen ID.,… Continue reading Honda Launches e:Technology Brand: Announces Accelerated EV Strategy
Beyond the Numbers: Lyft’s 2019 Inclusion and Diversity Report
At Lyft, inclusion and diversity are at the core of Lyft’s principles, how we make decisions, how we build our teams, and how we serve our communities. Making sustained progress requires clear strategies, metrics that matter, inclusive culture, and leadership that will hold everyone accountable to do their part to retain, hire, develop, and advance… Continue reading Beyond the Numbers: Lyft’s 2019 Inclusion and Diversity Report
Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2019
KYOTO, Japan, Oct. 23, 2019 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2019 through September 30, 2019.The highlights are as follows:First-half net sales remain flat Y/Y and the annual forecast remains unchanged.First-half operating… Continue reading Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2019
Martinrea International Inc. Announces Strategic Relationship With Millison Die Casting
TORONTO, Oct. 23, 2019 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced a strategic relationship with Chongqing Millison Die Casting Co., Ltd. Based in Chongqing, China, Millison manufactures and distributes… Continue reading Martinrea International Inc. Announces Strategic Relationship With Millison Die Casting
Karma Automotive Opens Tech Base In Silicon Valley
“Karma serves as a technology incubator,” said Karma CEO Dr. Lance Zhou. “We are opening our product platform to serve as a test bed to help potential business partners bring emerging innovation to market and increase the speed of our own product development.” Establishing a proactive presence in California’s northern hub of tech development is… Continue reading Karma Automotive Opens Tech Base In Silicon Valley
On the road to mobility in Africa
1.3 billion inhabitants. Twice as many by 2050 and probably four times as many by the year 2100. If Africa is a vibrant continent with great potential, this is the result of its demography. But this also gives rise to the many and diverse challenges across its different regions. With the increase in its population,… Continue reading On the road to mobility in Africa
Honda partners with Vattenfall to deliver flexible energy contracts for European EV users
Honda and Vattenfall sign a Letter of Intent to introduce flexible energy contracts specifically tailored for EV users Europe-first agreement supports the active management of grid demand while maximising the use of renewable energy Vattenfall is a leader in the European energy supply market Honda will launch its first commercial energy service during 2020 to… Continue reading Honda partners with Vattenfall to deliver flexible energy contracts for European EV users
Honda accelerates its ‘Electric Vision’ strategy with new 2022 ambition
Accelerated ‘Electric Vision’ strategy will see all Honda’s European mainstream models electrified by 2022, three years earlier than previously planned New global ‘e:Technology’ branding revealed for all future electrified products in automobile, motorcycle and power product ranges. Six electrifed cars to be launched over the next 36 months Forthcoming Honda e and hybrid-only Jazz are… Continue reading Honda accelerates its ‘Electric Vision’ strategy with new 2022 ambition
Groupe PSA: Q3 2019 Group revenue growth
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) revenue amounted to €15,579 million in Q3 2019 compared to €15,428 million in Q3 2018. Automotive division revenue amounted to €11,824 million up by 0.1% compared to Q3 2018. A strong product mix (+4.4%) as well as positive price conditions (+1.0%) more than offset the decrease of sales… Continue reading Groupe PSA: Q3 2019 Group revenue growth