Bentley has revealed plans to invest £2.5 billion into the manufacturing of electric vehicles and a target of net-carbon neutrality by 2030. The investment will be used to renovate the Crewe production facility and produce its future electric models, the first of which is due in 2025. Bentley currently employs 4,000 people at its Crewe… Continue reading Bentley invests £2.5 billion to build Crewe ‘Dream Factory’ for 2025 EV
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@VW Group: Dr. Johannes Lattwein appointed as a member of the board of management responsible for Finance and IT004533
Stuttgart, 28 January 2022. The supervisory board of Porsche Automobil Holding SE (Porsche SE), Stuttgart, has appointed Dr. Johannes Lattwein (48) to the company’s board of management as of 1 February 2022, where he will be responsible for Finance and IT. Dr. Lattwein has been with Dr. Ing. h.c. F. Porsche AG (Porsche AG) and… Continue reading @VW Group: Dr. Johannes Lattwein appointed as a member of the board of management responsible for Finance and IT004533
@VW Group: Brazil: Strong Businesses in Difficult Times 004533
“Working with experts from Porsche Consulting, we gave our new-construction division a more professional structure. Sebastião Longuinho de Jesus, Director of the Brasal branch plant in Uberlândia, Brasal Incorporações The new apartment building shines in Brasília’s evening light. Brasal Incorporações, a Brazilian construction company, completed the Reserva Urbana edifice and its 24 luxury condominiums in… Continue reading @VW Group: Brazil: Strong Businesses in Difficult Times 004533
Gentex (GNTX) Tops Q4 Earnings and Revenue Estimates
Gentex (GNTX) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.94%. A quarter ago, it was expected that this… Continue reading Gentex (GNTX) Tops Q4 Earnings and Revenue Estimates
How an electric car dream was crushed
Before the Prius and Tesla, came the EV1. The world’s first mass-produced electric car was launched by General Motors back in 1996 and was capable of nought to 60 in eight seconds. However, within a few short years, almost every vehicle was recalled and crushed, and the electric car of the future disappeared in history’s… Continue reading How an electric car dream was crushed
Over 80 percent of NFTs minted for free on OpenSea are fake or plagiarized
One of the largest online marketplaces for non-fungible tokens is once again the center of controversy. Mere months after one of its employees resigned for using insider information to profit on NFT drops, OpenSea caused a stir among its users this week when it abruptly announced it was putting a restriction on its free minting… Continue reading Over 80 percent of NFTs minted for free on OpenSea are fake or plagiarized
Joby Aviation wants to conduct dramatic eVTOL flights over San Francisco Bay
Joby Aviation is seeking permission for a series of high-profile air taxi flights over San Francisco Bay, according to documents filed with the FCC and obtained by TechCrunch. The tests of the startup’s second-generation pre-production prototype, called the S4, would be the first in full view of the public and the first in an urban… Continue reading Joby Aviation wants to conduct dramatic eVTOL flights over San Francisco Bay
Used car stock availability is ‘biggest concern’ for dealers
Used car stock availability and vehicle prices continue to be top challenges cited by car dealers for 2022. New research from WMS Group found that 85% of dealers are concerned over the availability of used car stock and 71% over high pricing. The research is captured in WMS’ new ‘From the Forecourt’ mini-report ‘Adapting to… Continue reading Used car stock availability is ‘biggest concern’ for dealers
@Groupe PSA: PR Stellantis Announces Early Repayment of €6.3 Billion Credit Facility with Intesa Sanpaolo003180
AMSTERDAM – Stellantis N.V. announced today that FCA Italy S.p.A., a wholly owned subsidiary, and Stellantis’ other Italian subsidiaries, have repaid the €6.3 billion credit facility to Intesa Sanpaolo.The credit facility, entered into in June 2020, was structured to support the restart and transformation of Italy’s automotive sector after the COVID-19 outbreak by providing liquidity… Continue reading @Groupe PSA: PR Stellantis Announces Early Repayment of €6.3 Billion Credit Facility with Intesa Sanpaolo003180
@Groupe PSA: PR Stellantis Improves 2021 Business Performance in China003179
Dongfeng Peugeot Citroën Automobile achieved turnaround, selling more than 100,000 vehicles Jeep® Wrangler reached historic record in annual sales and Jeep Brand ranked No. 1 in vehicle quality and dependability Significant advancement in independent aftermarket business AMSTERDAM – In 2021, Stellantis strengthened its business position in China laying a solid foundation for the Company’s long-term… Continue reading @Groupe PSA: PR Stellantis Improves 2021 Business Performance in China003179