5/11Work October 5, 2019 In the competitiveness agreement for the period 2020-2023, the Ferrari productivity premium was extended to all 3,500 workers. The amount, which starts at 4,600 euros, can reach up to 13,500 euros. The “parameters” of reference are the number of cars produced and Ebitda, weighted on the basis of a quality indicator… Continue reading Ferrari: € 4,600 to € 13,500 bonus but beware of absences
Tag: M and A
‘Jaguar is beating the rest of the world in terms of car design and style’
Jaguar has just invested untold years and countless people – plus a cool half a billion quid – on a new, world-beating product with a loud but stylish ‘Made in England’ tag proudly attached to it. But the firm is insisting that this latest masterpiece, built at Gaydon, Warwickshire, isn’t for sale – at… Continue reading ‘Jaguar is beating the rest of the world in terms of car design and style’
AMS takeover of Osram fails
… technology . “We intend to leverage our position as OSRAM’s largest shareholder in a dialogue with OSRAM as we continue to pursue the full acquisition of the company, securing a solid future for OSRAM” AMS…
STRIVE, ITOCHU invest in Japanese flying car developer SkyDrive’s $14m round
Japanese flying car developer SkyDrive has secured $14 million in a fresh funding round, which will finance the startup to carry out flight tests with humans on board. Tokyo-based venture capital firm STRIVE III Limited Liability Partnership and ITOCHU Technology Ventures, the venture capital arm of Japanese ITOCHU Corporation, poured money into the new round.… Continue reading STRIVE, ITOCHU invest in Japanese flying car developer SkyDrive’s $14m round
BMW Exec Says Charging Infrastructure Is Holding Back EV Adoption
He’s right in some ways, but BMW could just go ahead and install chargers like Tesla has done. Wait, but what about all those people who simply charge at home? And, the city dwellers who generally have some decent access to public charging. Are we just talking about long road trips here? If that’s the… Continue reading BMW Exec Says Charging Infrastructure Is Holding Back EV Adoption
Indian antitrust watchdog throws Hyundai-Kia-Ola deal in doubt
BANGALORE — The Competition Commission of India, an antitrust watchdog, has thrown into disarray a plan by South Korean automaker Hyundai and its affiliate Kia Motor to invest $300 million in ride-hailing unicorn Ola. In response to an application sent by the three companies seeking approval, the regulator asked Ola’s parent ANI Technologies to outline the impact on competition… Continue reading Indian antitrust watchdog throws Hyundai-Kia-Ola deal in doubt
Dana and Valeo Collaborate to Supply Complete 48-Volt Electric Vehicle Systems
MAUMEE, Ohio, Oct. 3, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN) and Valeo today announced a global collaboration to develop and supply 48-volt electric-vehicle systems for new-mobility applications, including low-speed electric and hybrid e-AWD vehicles. The first system is scheduled to launch in early 2020 with a major European automaker on series-produced cars. The joint… Continue reading Dana and Valeo Collaborate to Supply Complete 48-Volt Electric Vehicle Systems
Changan ford to launch 18 new models in 3 years
CHONGQING, Oct. 3 (Xinhua) — Changan Ford Automobile Co. Ltd., a joint venture between China's Changan Automobile and American automaker Ford, plans to launch 18 new automobile models by the end of 2021, including 5 new energy vehicles in the Chinese market.
Since its establishment in Chongqing in 2001, Changan Ford has produced more than 6.5 million vehicles with an output value of more than 800 billion yuan (112 billion U.S. dollars), and its annual sales were once close to 1 million vehicles. Changan Ford, however, ended the trend of continuous growth in 2017, with annual sales of 819,000 vehicles, a year-on-year decline of 14 percent. Sales in 2018 were only 378,000 units, down 54.4 precent from a year earlier.
Experts said the sales downturn of Changan Ford is partly due to a lack of new models from 2016 to 2018.
To tackle the downturn, Ford Motor said it will accelerate the localization of new models of Ford and Ford luxury brand Lincoln. The first Lincoln SUV model will be..
NewMotion and Chargepoint sign networks sign UK roaming partnership
NewMotion, Shell’s charging network subsidiary, and ChargePoint have announced a roaming partnership that will enable EV drivers in the UK to access both charging networks without the need to create a new account. ChargePoint users will gain access to NewMotion’s public charging network both in the UK and across Europe. The agreement also includes the… Continue reading NewMotion and Chargepoint sign networks sign UK roaming partnership
MAHLE Powertrain showcasing MMHP fully integrated and modular hybrid drive at Aachen – Green Car Congress
p>MAHLE Powertrain will showcase its new MMHP (MAHLE Modular Hybrid Powertrain) fully integrated and modular hybrid drive (earlier post), which can be tailored to suit a wide range of vehicle applications, at Aachen Colloquium 7-9 October. The MMHP is a fully integrated, plug-in hybrid drive that incorporates a highly efficient 2- or 3-cylinder, turbocharged gasoline… Continue reading MAHLE Powertrain showcasing MMHP fully integrated and modular hybrid drive at Aachen – Green Car Congress