Tag: People

Press Release – Magna Announces Outlook

Please click HERE for a PDF version of the release. Continuing to grow sales faster than vehicle production through 2020 Accelerating free cash flow1 in 2018-2020 period AURORA, ON, Jan. 16, 2018 /CNW/ – Magna International Inc. (TSX: MG; NYSE: MGA) today announced its financial outlook for 2018 and 2020.  “The pace of change in… Continue reading Press Release – Magna Announces Outlook

Visteon Announces New $500 Million Share Repurchase Authorization

VAN BUREN TOWNSHIP, Mich., Jan. 16, 2018 /PRNewswire/ — Visteon Corporation (Nasdaq: VC) today announced that its board of directors has authorized an additional share repurchase program of up to $500 million of common stock to be executed through 2020, reflecting the company’s strong balance sheet and free cash flow generation. Visteon expects to fund… Continue reading Visteon Announces New $500 Million Share Repurchase Authorization

Spotlight on Singapore: Grab x Hyundai, ComfortDelGro x Uber & Volvo x NTU

Spotlight on Singapore: Grab x Hyundai, ComfortDelGro x Uber & Volvo x NTU Welcome to our weekly news highlights by Splyt, the place where you‘ll find the most relevant information about the urban mobility scene. Follow us for updated news, we post every Tuesday! Here is what happened last week: Hyundai Invests in Grab And yet, another automaker… Continue reading Spotlight on Singapore: Grab x Hyundai, ComfortDelGro x Uber & Volvo x NTU

Jobs, salaries: PSA provides a strict plan for 2018

Do not reproduce the same mistakes. While PSA accounts are shiny again , the car manufacturer does not want to break with the “Malthusianism” practiced for three years. PSA has passed a little more 3.6 million cars in 2017. But “he had an unsuitable structure, thought to sell four million vehicles a year. Our ambition… Continue reading Jobs, salaries: PSA provides a strict plan for 2018

BMW Group acquires Parkmobile, LLC to become world’s leading provider of digital parking solutions

Munich. The BMW Group has acquired Parkmobile, LLC, the largest provider of mobile parking services in North America, in January 2018, making the BMW Group the leading international provider of digital parking solutions. With its corporate strategy NUMBER ONE > NEXT, the BMW Group is firmly focused on the mobility of the future and investing… Continue reading BMW Group acquires Parkmobile, LLC to become world’s leading provider of digital parking solutions

Chinese Carmaker May Use Fiat Chrysler for Foothold in United States

“In the first half of this year, we will establish a North American sales company that will be responsible for developing the dealership network,” Mr. Jun said. “We will explore all sorts of channels including partnering with F.C.A. as well as others.” Sergio Marchionne, Fiat Chrysler’s chief executive, said his company was ready to assist… Continue reading Chinese Carmaker May Use Fiat Chrysler for Foothold in United States

Electromobility driver at car manufacturers: These men trim German carmakers on electric

All articles and backgrounds 01/16/2018 Electromobility driver at car manufacturers These men trim German carmakers on electric AUDI Audi e-tron quattro: The electric SUV comes in 2018 to the dealers Germany’s automakers are facing a feat of strength this year: they need to invest a lot of money to make their electric car announcements come… Continue reading Electromobility driver at car manufacturers: These men trim German carmakers on electric

Reinvent or die: Fiat CEO to car companies

Marchionne has witnessed major changes already leading Fiat for almost 14 years, overseeing the combination with Chrysler in 2014 and the 2016 spinoff of Ferrari DETROIT: Sergio Marchionne, one of the longest-serving CEOs in the automotive industry, has a blunt warning: Carmakers have less than a decade to reinvent themselves or risk being commoditised amid… Continue reading Reinvent or die: Fiat CEO to car companies

Mahindra Electric launches Virtual Reality drive experience for all-electric e2oPlus

Mahindra Electric launches Virtual Reality drive experience for all-electric e2oPlus First ever Virtual Reality based drive for the most popular electric vehicle in India, set to revolutionize the test drive experience The 2D, 360 degree version of the experience is also available on https://www.youtube.com/watch?v=qAdGe2lDMU8 Bengaluru, January 3, 2018: Mahindra Electric, part of the diversified USD… Continue reading Mahindra Electric launches Virtual Reality drive experience for all-electric e2oPlus