PSA’s French rival Renault moved into Morocco in 2012, opening its largest car assembly plant in Africa and creating 7,000 people. Kenitra: French automotive giant PSA on Thursday opened a factory in Morocco to assemble 100,000 cars per year as it seeks to double sales in the Middle East and Africa region. The factory, launched… Continue reading French auto giant PSA opens factory in Morocco
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Indian two-wheeler rental startup Vogo in talks to raise up to $50m
Vogo Automotive Pvt. Ltd, which offers bikes on rent, is in talks to raise $40-50 million as equity to fuel its growth plans, said two people familiar with the matter, requesting anonymity. The Bengaluru-based startup, which operates under the brand Vogo, has mandated Mumbai-based investment bank Avendus Capital for the latest fundraise, said the first… Continue reading Indian two-wheeler rental startup Vogo in talks to raise up to $50m
Nissan grants Renault execs boardroom seats, ending dispute
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau/File Photo TOKYO/PARIS (Reuters) – Japan’s Nissan said on Friday it would grant alliance member Renault’s representatives seats on key committees of its board, ending a dispute between the two automakers.… Continue reading Nissan grants Renault execs boardroom seats, ending dispute
Look inside innovation powerhouse Marchant Cain’s new Coventry factory
“ Marchant Cain is a company born out of a desire to solve problems that others can’t. We visited their new factory in Coventry to find out more. The company is an expert in window regulators for supercars, “It is crazy,” Pam Cain, director at Marchant Cain tells me. “We will have done the same… Continue reading Look inside innovation powerhouse Marchant Cain’s new Coventry factory
JLR will not be sold to any manufacturer, says CEO
Jaguar Land Rover has given its strongest indication yet that the company will not be sold to Peugeot–Citroen, Fiat–Chrysler, Hyundai–Kia or any other motor manufacturing groups hoping to buy their way into the premium car and luxury SUV markets. Dr Ralph Speth, JLR’s CEO, concedes that his British-based company is currently going through a financially… Continue reading JLR will not be sold to any manufacturer, says CEO
Renault and Nissan partner with Waymo to develop self-driving services
The Renault-Nissan alliance has signed an exclusive deal with Google’s sister company Waymo to develop self-driving services in France and Japan.The tie-up between the car-makers and the autonomous vehicles company will focus on “all aspects” of driverless mobility services for moving people and goods.The deal does not currently extend to working together to build autonomous vehicles – unlike Waymo’s previous tie-ups with Jaguar Land Rover and Chrysler.
Renault will vote to back Nissan’s move to give it boardroom seats
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – French carmaker Renault, which is looking to preserve and strengthen its alliance with Nissan, said it would vote in favor of a move by Nissan to… Continue reading Renault will vote to back Nissan’s move to give it boardroom seats
Tesla hasn’t met Musk’s Q2 production goal: Report
San Francisco: Electric Vehicle (EV) maker Tesla has not met CEO Elon Musk‘s second quarter (Q2) record production goal, according to media reports. “At the end of May, a leaked email reportedly sent by Elon Musk to Tesla employees suggested that the electric vehicle maker had a good chance of making Q2 the highest deliveries… Continue reading Tesla hasn’t met Musk’s Q2 production goal: Report
Sophisticated and Sporty: The All-New Kia Seltos
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Seltos brings sophistication and assertiveness to the compact SUV marketForward-looking interior characterized by high-quality materialsPowered by efficient Smartstream petrol and diesel enginesOne of the most high-tech cars in its class with a range of in-car featuresSeltos will be manufactured in Andhra Pradesh, India, and Gwangju, KoreaOn sale in global markets during the second half of 2019 The new Kia Seltos brings sophistication, assertiveness and cutting-edge technology and safety features to the global compact SUV segment. Kia revealed the Seltos for the first time globally today at a special event in Delhi, India. The Seltos is characterized by distinctive design details, lending the compact SUV an air of understated sportiness. It combines forward-looking technical features, class-leading space and a suite of world-class safety features, and is powered by a choice of highly-efficient Smartstream petrol and diesel engines. Mr. Han-Woo..
Aston Martin’s CEO says the company can’t reach all of its potential customers without hiring and promoting women in a meaningful way, but the company still has a long way to go in promoting gender parity
When Aston Martin CEO Andy Palmer arrived at the luxury automaker in 2014, he felt its female employees were being held back from reaching their full potential.To build cars that would appeal to female customers, Palmer realised the company would have to integrate female employees in a meaningful way.And just 9.4% of the employees who ranked among the top 25% in pay were women in April 2018, down from 14.8% in April 2017.