Joshua Sirefman, an urban planner who trained at the University of Michigan and began his career in Detroit, is returning to lead the evolution of Michigan Central Station as the new CEO of what is now a subsidiary of Ford Motor Co. Sirefman, 54, lives in New York City and plans to look for a home within walking… Continue reading Ford recruits CEO with Detroit roots to run Michigan Central Station, Corktown site
Tag: People
@Groupe PSA: PR Full-year 2021 results003308
Citation 2021 was a foundational year for Faurecia. Firstly, the successful spin-off from PSA/Stellantis significantly increased our free float, enlarged our international shareholder base and enhanced share liquidity. Secondly, we launched the acquisition of a majority stake in HELLA, a strategic and transformative investment that was successfully closed within five months. For the full year,… Continue reading @Groupe PSA: PR Full-year 2021 results003308
Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
(Bloomberg) — Ford Motor Co. is looking at ways to separate its electric-vehicle operation from its century-old legacy business, hoping to earn the sort of investor respect enjoyed by Tesla Inc. and other pure-play EV makers. Most Read from Bloomberg Chief Executive Officer Jim Farley wants to wall off Ford’s electric operations from its internal… Continue reading Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
Volta Trucks concludes Series C funding
Volta Trucks, a full-electric commercial vehicle manufacturer and services provider, has announced the successful and oversubscribed conclusion of its Series C funding round with a €230 million capital raise. The funding round was led by New York-based Luxor Capital, while initial seed investor, Byggmästare Anders J Ahlström of Stockholm, added to its holding in the… Continue reading Volta Trucks concludes Series C funding
@BMW: Joint winners in the BMW Munich – Urban Production architecture competition001774
Munich. The winners of the BMW Munich – Urban Production architecture competition for outstanding, future-proof production at the home plant in Munich have been decided. The jury of the international contest voted unanimously in favour of designs by Rotterdam’s OMA and Copenhagen’s 3XN architects. After a day and a half of intense deliberation, they concluded… Continue reading @BMW: Joint winners in the BMW Munich – Urban Production architecture competition001774
Q&A: AutoNation CEO sees vehicle prices moderating this year – WRAL News
By TOM KRISHER, AP Auto Writer DETROIT — Prices of new and used automobiles are staggeringly high, and that’s partly responsible for strong earnings last year by AutoNation, the country’s largest dealership group. Mike Manley, CEO of the Fort Lauderdale, Florida, company, said used-vehicle prices are starting to ease a bit, but he doesn’t think… Continue reading Q&A: AutoNation CEO sees vehicle prices moderating this year – WRAL News
@Nissan: Nissan to build two all-new, all-electric models at Mississippi assembly plant000664
2022/02/17 Nissan to invest $500 million to transform Canton assembly plant to build all-new Nissan and Infiniti EV models starting in 2025; the company has now invested $13.5 billion in its U.S. manufacturing operations Investment supports retraining and upskilling nearly 2,000 jobs, transforming the Canton plant into a center for EV manufacturing and technology EV… Continue reading @Nissan: Nissan to build two all-new, all-electric models at Mississippi assembly plant000664
Tavares EU CO2 Critique Finds Support, But Environmentalists Disagree – Forbes
Carlos Tavares, chief executive officer of Stellantis. Photographer: Cyril Marcilhacy/Bloomberg © 2021 Bloomberg Finance LP Leaders of the European auto industry are almost at one in carrying out politicians’ orders without question that a climate change emergency demands swift action to cut carbon dioxide using battery electric power; almost, but not quite all. Carlos Tavares,… Continue reading Tavares EU CO2 Critique Finds Support, But Environmentalists Disagree – Forbes
Chinese auto parts manufacturer CITIC to set up 3rd plant in Morocco
A worker is seen in the factory of auto parts manufacturer CITIC Dicastal. [Photo/group.citic] RABAT — The Chinese auto parts manufacturer CITIC Dicastal on Wednesday kicked off the launching ceremony of its third plant in Morocco. With an investment of $200 million, the new factory will create 760 jobs for the local community. The ceremony was… Continue reading Chinese auto parts manufacturer CITIC to set up 3rd plant in Morocco
German Manager Magazin: At VW, many shifts will be canceled from April001546
“We had to phase out temporary work at almost all locations and therefore changed course at the turn of the year,” said Volkswagen-Chief Human Resources Officer Gunnar Kilian of the German Press Agency. Plants like Emden are already geared towards two shifts instead of three shifts at VW. Works council chief Daniela Cavallo emphasized: “We… Continue reading German Manager Magazin: At VW, many shifts will be canceled from April001546