NEW DELHI (Reuters) – Nissan Motor Co (7201.T) will produce and sell only premium vehicles in India, while using its sister brand Datsun to crack the mass budget car market, in a revamp of its strategy in the country, a company executive said on Thursday. FILE PHOTO: Logo of the Nissan Motor Co. is displayed… Continue reading Nissan redraws India strategy, to focus on premium cars
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According to Brandbrief: Forecasts missed and confidence lost – Continental needs the turnaround
loss of confidence Investors have used a massive loss of confidence. Investors find it hard to believe what the Conti leadership promises. (Photo: AP) At the end of July there is still a spirit of optimism in Hanover. Conti boss Elmar Degenhart picks up a spade and shovels sand properly. The start of construction for… Continue reading According to Brandbrief: Forecasts missed and confidence lost – Continental needs the turnaround
Our Opel-Teddy needs a name!
*/ ]]> Once upon a time there was a fluffy teddy bear. He has it on the shelf of the Opel shop and on the website of the Opel Collection made comfortable. “How cute!”, People call when you see him in his yellow knit sweater. That’s why he feels so comfortable here. Unfortunately he has… Continue reading Our Opel-Teddy needs a name!
Ford CEO James Hackett, Under Fire From Wall Street, Shows Forbes the Early Fruits of His Turnaround Plan
At a splashy news conference at the Detroit auto show last January, Ford Motor boasted about a slew of 40 new electric vehicles and hybrids coming by 2022, an $11 billion investment. As bolts of electricity flashed across a giant video backdrop, Ford teased one EV in particular, the Mach 1, a high-performance, battery-powered SUV… Continue reading Ford CEO James Hackett, Under Fire From Wall Street, Shows Forbes the Early Fruits of His Turnaround Plan
Drive Motor Retail buys Sherwoods Vauxhall business
Drive Group has bought Sherwoods Vauxhall business for an undisclosed sum. Sherwoods was established as a family business in the 1920s. It has Vauxhall dealerships in Darlington, Stockton and Northallerton, employing 151 people. It is rated 169 in the Motor Trader Top 200 Dealer Groups with annual turnover of £52.9m. Drive Group has a network… Continue reading Drive Motor Retail buys Sherwoods Vauxhall business
Taxify is entering the e-scooter game
Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday. The company has rolled the scooter sharing service into its mobile app, which has attracted 10 million users in 25 countries since it launched in August 2013. A spokesperson for… Continue reading Taxify is entering the e-scooter game
UPDATE 1-Uber ‘on track’ for IPO in 2019, no plans to sell tech unit -CEO
NEW YORK (Reuters) – Uber Technologies Inc Chief Executive Dara Khosrowshahi said on Wednesday the ride-hailing company was on track to launch an initial public offering next year and had no plans to sell its self-driving car research arm. The Chief Executive Officer (CEO) of ride-sharing app Uber Dara Khosrowshahi pictured on stage during an… Continue reading UPDATE 1-Uber ‘on track’ for IPO in 2019, no plans to sell tech unit -CEO
GM invests $28M for Warren battery lab
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Hydrogen Fuel Cell Car Breaks Guinness World Record for Fuel Efficiency
Guinesss World Records has confirmed that a hydrogen fuel cell car engineered at Duke University is the most fuel-efficient vehicle ever operated. The vehicle is powered by a hydrogen fuel cell that delivers the equivalent of 14,573 miles per gallon. Duke Electric Vehicles (DEV’s) record-breaking run took place during the summer of 2018 at Galot… Continue reading Hydrogen Fuel Cell Car Breaks Guinness World Record for Fuel Efficiency
Opel to shift up to 2,000 R&D jobs to Segula Techologies
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