Tata Motors has, in a regulatory filing, said that Marc Llistosella, who was to join Tata Motors as its CEO and Managing Director effective from July 1, 2021 , will not be joining Tata Motors as its CEO & Managing Director as previously announced on February 12, 2021 . Guenter Butschek will continue as the… Continue reading Marc Llistosella not joining Tata Motors as planned
Tag: Daimler
Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round
Across the street from Suzhou North, a high-speed railway station in a historic city near Shanghai, a futuristic M-shaped building easily catches the eye of anyone passing by. It houses the headquarters of the five-year-old Chinese autonomous driving startup, Momenta. Like other major Chinese cities, Suzhou, which is famous for its serene canals and classical… Continue reading Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round
Chinese self-driving startup Momenta raises $500m from SAIC, Toyota, others
Chinese autonomous driving startup Momenta said on Friday it has received $500 million from SAIC Motor, Toyota Motor and auto parts supplier Bosch, as the global auto industry pursues the autonomous future. Other investors in the funding round include Daimler AG, Temasek, Yunfeng Capital and Tencent, Momenta said in a statement. It did not disclose… Continue reading Chinese self-driving startup Momenta raises $500m from SAIC, Toyota, others
Human Horizons Smart Factory Setting Benchmark for Intelligent Vehicle Manufacturing
Assembly of the HiPhi X in the new smart factory will be supported by a number of sophisticated technological tools. Hundreds of Internet-of-Things (IoT) devices connected through 5G and organized by powerful Manufacturing Operating Management (MOM) cloud computing software, ‘Digital Twin’, will ensure the entire operation is managed efficiently and autonomously. For factory operators, the… Continue reading Human Horizons Smart Factory Setting Benchmark for Intelligent Vehicle Manufacturing
Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources
By Yilei Sun, Tony Munroe 3 Min Read BEIJING (Reuters) – China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. FILE PHOTO: A building… Continue reading Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources
General Motors was ‘un-Australian’ and treated dealers with disrespect when Holden closed
A Senate committee has called on Australia’s competition watchdog to fast-track its investigation into General Motors’ decision to kill off the iconic Holden brand and its “disappointing” treatment of local car dealers. The committee report, released on Thursday evening, follows a year-long inquiry into the circumstances surrounding the February 2020 decision to end the Holden… Continue reading General Motors was ‘un-Australian’ and treated dealers with disrespect when Holden closed
@Daimler: Future-oriented restructuring of the motorsport segment at Mercedes-AMG
With prestigious championship titles and race wins achieved all over the world, Mercedes-AMG ranks among the leading manufacturers in international motorsport. Now, the successful circuit activities will be interconnected even more closely: Mercedes-AMG is pooling and intensifying its involvement in international GT racing and is planning an even closer cooperation with the Mercedes-AMG Petronas F1… Continue reading @Daimler: Future-oriented restructuring of the motorsport segment at Mercedes-AMG
German Handelsblatt: Finanzaufsicht: Plus 50 percent in a few days: Bafin examines the price rally of the VW share001648
Bafin The financial supervisory authority routinely looks at the price rally, according to the Bafin. (Photo: Bloomberg) The latest price rally at Volkswagen calls the financial regulator on the plan. The Bafin routinely watch the movements, said a spokeswoman on Thursday. The papers of the Wolfsburg-based group had attracted attention in the past few days… Continue reading German Handelsblatt: Finanzaufsicht: Plus 50 percent in a few days: Bafin examines the price rally of the VW share001648
@niche: Internationally Renowned Top Executive Joins Sono Motors as CTO000638
Sono Motors is on a mission to enable a revolutionary mobility system, where every electric vehicle is solar, shared, and independent from fossil-fuels. Today, an experienced specialist team is developing a forward-looking electric car that is suitable for daily use, with integrated solar cells and innovative mobility services, the Sion. Both, the integrated solar technology… Continue reading @niche: Internationally Renowned Top Executive Joins Sono Motors as CTO000638
European new car sales drop by 20% y/y in February- ACEA
Sales at Volkswagen and Stellantis dropped by 19% and 22% respectively, while Renault reported a fall of 29%. BERLIN: European car registrations fell in February, industry data showed on Wednesday, as coronavirus lockdowns and accompanying uncertainty across Europe took a toll on sales. New car registrations dropped by 20.3% year-on-year to 850,170 vehicles in the… Continue reading European new car sales drop by 20% y/y in February- ACEA