Toyota City, Japan, Mar 3, 2020 – (JCN Newswire) – Toyota Motor Corporation (TMC) announced today that it intends to implement changes to its executive structure, senior management responsibilities, and organizational structure described below effective April 1, 2020. Change Highlight: Consolidation of the post of executive vice president and the post of the operating officer… Continue reading @Toyota: Toyota Announces Changes to Executive Structure, Senior Management Responsibilities, and Organizational Structure
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@Toyota: TMC Announces Changes to Executive Structure, Senior Management Responsibilities, and Organizational Structure
Regarding the changes announced today, TMC President Akio Toyoda commented: “While overcoming the numerous difficulties that our company has faced since I was appointed president in 2009, such as the large-scale recall crisis and the Great East Japan Earthquake, I became aware of the importance of contemplating what our company is all about and of… Continue reading @Toyota: TMC Announces Changes to Executive Structure, Senior Management Responsibilities, and Organizational Structure
Renault’s Alpine goes further upmarket as it looks beyond France
PARIS, March 3 (Reuters) – Renault's Alpine brand will launch a more luxurious version of its sleek A110 sports car as it looks to branch out from its core French market and consolidate a jump in sales last year, its chief executive said.
The Renault group, which also makes budget Dacia cars, revived the Alpine brand and its two-seater models in 2017, updating a classic design which hit a peak in the 1960s and 70s.
But the French company is struggling with slumping demand in emerging markets and outlined cost cuts in February to try to turn around a decline in operating margins.
Pricier models like the Alpine could help improve the group's profitability and growth in the longer run as the brand goes even more upmarket and plans more launches, Alpine Chief Executive Patrick Marinoff told Reuters.
“If you look at profit potential in the future, Alpine is the tool and the weapon for Groupe Renault to harvest that potential,” he said in a telephone interview to replace an event p..
Daimler CEO says ‘no issues’ with supplies of electric vehicle battery cells
FILE PHOTO: Ola Kaellenius, CEO of German luxury car manufacturer Daimler AG, speaks at the annual results news conference in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas Gebert (Reuters) – Daimler AG Chief Executive Ola Kaellenius said Tuesday the automaker has ‘no issues’ securing electric vehicle battery cells, and is ramping up battery production to meet… Continue reading Daimler CEO says ‘no issues’ with supplies of electric vehicle battery cells
Martinrea International Inc. Completes Purchase of Structural Components for Passenger Cars Division of Metalsa S.A. de C.V.
TORONTO, March 02, 2020 (GLOBE NEWSWIRE) — Martinrea International Inc., a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced it has completed the acquisition of the Structural Components for Passenger Cars operations of Metalsa S.A. de C.V. The purchase price… Continue reading Martinrea International Inc. Completes Purchase of Structural Components for Passenger Cars Division of Metalsa S.A. de C.V.
Finnish Sensible 4 receives capital injection
The startup for autonomous e-shuttles Sensible 4 from Finland receives $ 7 million in grants. For the further development of the autonomous e-shuttle concept, the startup has Sensitive 4 out Finland raised seven million dollars. The money comes from a deep-tech fund, NordicNinja VC and the Japanese company Itochu. As a unique selling point, the… Continue reading Finnish Sensible 4 receives capital injection
Mercedes R&D boss: EQC production is “learning curve”
The supply chain issues for Mercedes’ EQC electric SUV have presented a steep learning curve, according to Mercedes R&D board member Markus Schafer, but he says the maker is back on track to produce 50,000 EQCs this year. Issues with Mercedes’ battery supplier, LG Chem, had led to widespread reports that Mercedes would not fulfil its… Continue reading Mercedes R&D boss: EQC production is “learning curve”
PSA Ellesmere Port factory investment will hang on EU trade deal
PSA boss Carlos Tavares remains “eager to invest” in Vauxhall’s Ellesmere Port factory should a suitable business case be made for it off the back of UK-EU trade deal talks. However, should tariffs be imposed on cars or car parts then Tavares said the UK government would need to make the investment as it “would not be… Continue reading PSA Ellesmere Port factory investment will hang on EU trade deal
@Geely: Operations Resume at Kandi Technologies and Subsidiaries
JINHUA, CHINA, March 03, 2020 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced that full operations have resumed at the Company and its subsidiaries and affiliates. Affiliate Fengsheng Automotive Technology Group (“Fengsheng”), which produces the Maple Model 30X, resumed production at the end of February. The… Continue reading @Geely: Operations Resume at Kandi Technologies and Subsidiaries
Valmet Automotive set production record in 2019
In 2019, Valmet Automotive manufactured a total of 114,000 vehicles at the Uusikaupunki, Finland plant. This is a new production record for the plant, the previous record was made in 2018, when 110,000 vehicles were completed. In recent years, the production volumes at the Uusikaupunki plant have been steadily growing. The value of the production… Continue reading Valmet Automotive set production record in 2019