SINGAPORE (Reuters) – Elon Musk, chief executive of U.S. electric vehicle (EV) maker Tesla Inc, defended his view that Singapore was not supportive of EV ownership after a commentary in the city-state’s biggest newspaper criticized the billionaire’s social media post. Elon Musk speaks at a Boring Company community meeting in Bel Air, Los Angeles, California,… Continue reading Tesla’s Musk laments Singapore electric vehicle stance
Tag: Strategy
Assurant completes $2.5 billion acquisition of The Warranty Group
The Warranty Group has been acquired by New York-based insurance specialist Assurant in a move which aims to “further cement” its global lifestyle growth strategy.
Tata Motors sharpens focus on electric mobility, appoints Shailesh Chandra as president of EV biz
In a bid to capture the opportunities arising out of new mobility trends and to bring about organisational focus and alignment, Tata Motors has announced the appointment of Shailesh Chandra to lead the company’s electric mobility business in addition to his current responsibility. Chandra has been promoted as president— Electric Mobility Business & Corporate Strategy,… Continue reading Tata Motors sharpens focus on electric mobility, appoints Shailesh Chandra as president of EV biz
Automotive: software accused of inflating prices of spare parts
Several carmakers, including Renault, PSA and Jaguar Land Rover, have inflated more than a billion dollars (about 850 million euros) in ten years the turnover they perform on spare parts through software, according to court documents. This software, marketed by Accenture , identifies the parts that consumers think are more expensive than they actually are.… Continue reading Automotive: software accused of inflating prices of spare parts
A 25000-Mile Road Trip Set Sanchez on Path to Power in Spain
LISTEN TO ARTICLE SHARE THIS ARTICLE On the way to the 2015 election’s biggest debate, Pedro Sanchez’s team were psyching up the candidate. Their strategy hinged on nailing Prime Minister Mariano Rajoy for his ties to a party corruption racket. They’d rehearsed the line — Rajoy wasn’t fit to hold the office — and they… Continue reading A 25000-Mile Road Trip Set Sanchez on Path to Power in Spain
How carmakers hike spare parts prices by using software and stealth
London CARMAKERS including Renault, Jaguar Land Rover (JLR) and Peugeot have boosted revenues by over US$1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. The software works, Accenture told prospective clients, by identifying which spare… Continue reading How carmakers hike spare parts prices by using software and stealth
Software and stealth: how carmakers hike spare parts prices
LONDON/PARIS (Reuters) – Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. FILE PHOTO: Vehicles are seen at a Dongfeng Peugeot Citroen… Continue reading Software and stealth: how carmakers hike spare parts prices
UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
FCA in talks with Santander Consumer USA over car financing JV
BALOCCO, Italy (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) wants to set up its own car financing business in the United States under a new five-year plan and is in talks with Santander Consumer USA (SCUSA) (SC.N) to buy its share in their joint venture. Fiat Chrysler Automobiles logo is seen on a panel at the… Continue reading FCA in talks with Santander Consumer USA over car financing JV
McLaren Group welcomes new shareholder
McLaren Group is pleased to confirm that Michael Latifi, a Canadian businessman, has become a shareholder, in a move that significantly strengthens the group’s balance sheet and underpins its ambitious growth plans. McLaren announced on 14 May it had sold shares to Nidala (BVI) Limited, controlled by Michael Latifi. McLaren Group encompasses the McLaren Automotive,… Continue reading McLaren Group welcomes new shareholder