BEIJING/SHANGHAI (Reuters) – Geely Automobile Holdings Ltd (0175.HK) said its board has approved a preliminary proposal to list new renminbi shares on mainland China’s Nasdaq-like STAR board, sending its Hong Kong-listed shares up as much as 7% on Thursday. FILE PHOTO: The logo of Chinese carmaker Geely Auto is pictured at the second media day… Continue reading Geely Automobile steps toward mainland China listing; HK shares surge
Tag: Ford
Ford offers 30,000 U.S. employees option to work from home until New Year’s
CLOSE Ford has released this video to its employees on face mask guidelines and returning to work. Detroit Free Press An estimated 30,000 salaried employees at Ford Motor Co. learned at a virtual staff meeting early Wednesday that they may choose whether to work from home full-time, return to the office full-time or create a blended schedule that… Continue reading Ford offers 30,000 U.S. employees option to work from home until New Year’s
GM CEO Mary Barra ‘cautiously optimistic’ on coronavirus recovery, consumer demand
General Motors CEO and Chairman Mary Barra told CNBC on Wednesday she is “cautiously optimistic” about consumer demand returning as well as a global economic recovery as businesses continue to reopen following shutdowns due to the coronavirus pandemic. “We’ve been pleasantly surprised how demand has come back,” she said in a “Squawk Box” interview. Barra said the company… Continue reading GM CEO Mary Barra ‘cautiously optimistic’ on coronavirus recovery, consumer demand
EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition
A four-month antitrust investigation launched by the executive brand of the European Union on Wednesday into the pending merger between Fiat Chrysler Automobiles NV and French rival Groupe PSA should not affect the companies’ goal to close their transaction by the end of March 2021, the automakers said. The probe is a setback for the… Continue reading EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition
China’s Geely Automobile moves towards mainland listing
BEIJING/SHANGHAI (Reuters) – Geely Automobile Holdings Ltd (0175.HK) said on Wednesday its board had approved a preliminary proposal for the possible issue of renminbi shares and a listing on mainland China’s Nasdaq-like STAR board. FILE PHOTO: The logo of Chinese carmaker Geely Auto is pictured at the second media day for the Shanghai auto show… Continue reading China’s Geely Automobile moves towards mainland listing
Small Car Rental Companies Pivot to New Business
Rich Guernsey, owner of Rabbit Rentals in Utah, installed keypads on the doors of his vans for $150 to facilitate a contactless rental process. Photo courtesy of Rabbit Rentals. “The coronavirus crisis could not have come at a worse time,” wrote Rich Guernsey, owner of Rabbit Rentals, on May 21. “We took delivery of the… Continue reading Small Car Rental Companies Pivot to New Business
Audi sets up Silicon Valley office to develop automated driving systems for US market
Audi has opened an office in Silicon Valley that aims to adapt and develop advanced driver assistance systems for the U.S. market. The Audi Automated Driving Development (A2D2) R&D office will be located in San Jose and initially staffed with about 60 employees. The company said A2D2 will have the “flexibility to quickly develop new… Continue reading Audi sets up Silicon Valley office to develop automated driving systems for US market
Future uncertain for new Ford Edge as company heads into labor talks in Canada
CLOSE Ford’s sporty midsize SUV boasts 335 hp, twin-turbo V6, automatic emergency braking and more. Wochit Plans to build a next-generation Ford Edge crossover have been shelved, according to an automotive forecaster who provides consulting and analytical data to automakers, suppliers and financial institutions. “We have confirmed the information from multiple sources within the industry,” Sam Fiorani, vice president… Continue reading Future uncertain for new Ford Edge as company heads into labor talks in Canada
@Ford: Ford to Provide ‘Look’ at All-New F-150 During Citi Conference Call
The all-new Ford F-150 will be detailed by company leaders during a June 26 conference call with Citi Research. Go to Source
Hyundai bets big on new Creta to boost UV market share
The UV segment in the passenger vehicle space is one which, despite the two-year-long slowdown in the Indian automotive industry, has been consistently witnessing swift action, embracing growth on the back of strong liking from consumers for the SUV body style. In FY2020, even as the overall PV segment recorded a sharp decline of almost… Continue reading Hyundai bets big on new Creta to boost UV market share