Russian auto boomtown grinds to halt over Ukraine sanctions

A third, the PSMA Rus plant that is a joint venture between Stellantis and Mitsubishi and employs 2,000, may halt production soon due to a lack of parts, Stellantis’ chief executive said last Thursday. Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of… Continue reading Russian auto boomtown grinds to halt over Ukraine sanctions

Mitsubishi Motors Reports Strong First Quarter Sales Led By Record Sales Of All-New Outlander

MMNA’s flagship vehicle, the all-new 2022 Outlander, continued to lead the brand’s sales success for the quarter, with 13,065 total vehicles sold, a 218.2% year-over-year increase. Q1 2022 also represented the best-ever retail-only quarter for the nameplate since launch in 2002. Meanwhile, on the strength of its best-ever retail sales month in March, sales of… Continue reading Mitsubishi Motors Reports Strong First Quarter Sales Led By Record Sales Of All-New Outlander

NIKOLA AND ENGS COMMERCIAL FINANCE CO. SIGN AGREEMENT TO PROVIDE FINANCING FOR ZERO-EMISSION SEMI-TRUCK SALES

PHOENIX, March 29, 2022 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, and ENGS Commercial Finance Co. (“ENGS”), a member of Mitsubishi HC Capital Group (“MHC”) and a market leading commercial finance company, today announced a signed agreement to facilitate sales of Class 8 Nikola Tre battery-electric vehicles (BEVs) and… Continue reading NIKOLA AND ENGS COMMERCIAL FINANCE CO. SIGN AGREEMENT TO PROVIDE FINANCING FOR ZERO-EMISSION SEMI-TRUCK SALES

@Renault: RENAULT GROUP: Availability of the 2021 Universal Registration Document000370

PRESS RELEASEMarch 24, 2022 Availability of the 2021 Universal Registration Document Boulogne-Billancourt, March 24, 2022 – Renault announces that the 2021 Universal Registration Document (in French version) has been filed, in ESEF format, with the French Financial Markets Authority (Autorité des Marchés Financiers – AMF), on March 24, 2022. The 2021 Universal Registration Document (French version)… Continue reading @Renault: RENAULT GROUP: Availability of the 2021 Universal Registration Document000370

RENAULT GROUP: Renault industrial activities in Russia are suspended

PRESS RELEASE March 23rd, 2022 Renault industrial activities in Russia are suspended Boulogne-Billancourt, March 23rd, 2022 – The Board of Directors of Renault Group met today and approved the following items: Renault Group activities in its manufacturing plant in Moscow are suspended as of today. Regarding its stake in AVTOVAZ, Renault Group is assessing the… Continue reading RENAULT GROUP: Renault industrial activities in Russia are suspended

@Renault: RENAULT GROUP: Renault industrial activities in Russia are suspended000368

PRESS RELEASEMarch 23rd, 2022 Renault industrial activities in Russia are suspended Boulogne-Billancourt, March 23rd, 2022 – The Board of Directors of Renault Group met today and approved the following items: Renault Group activities in its manufacturing plant in Moscow are suspended as of today. Regarding its stake in AVTOVAZ, Renault Group is assessing the available… Continue reading @Renault: RENAULT GROUP: Renault industrial activities in Russia are suspended000368

German Handelsblatt: Automotive supplier: Continental sets aside millions due to diesel investigations004020

Continental headquarters in Hanover The group is due to the possible involvement in the diesel scandal in the sights of the investigation. (Photo: imago stock&people) The supplier Continental has set aside a high amount of millions because of the investigation into the diesel scandal. According to the annual report for 2021 published on Monday, a… Continue reading German Handelsblatt: Automotive supplier: Continental sets aside millions due to diesel investigations004020

Foxconn aims to get 5% of global market share for EV business by 2025

Foxconn recently said it will build electric vehicle manufacturing facilities in the US and Thailand next year. Beijing: Foxconn, the world’s largest electronics contract manufacturer and Apple’s main iPhone supplier, is planning to capture around 5 per cent of the market share globally in the electric vehicles (EV) by the end of 2025. By that… Continue reading Foxconn aims to get 5% of global market share for EV business by 2025

Hino Trucks offers all-inclusive solution for fleet electrification

Hino Trucks, a Toyota Group company, manufactures a lineup of Class 4-8 commercial trucks in the US. The company is developing electric trucks, which it hopes to bring into low-volume production by 2023. Now the truck-maker has introduced Hino INCLUSEV, a portfolio of end-to-end EV solutions that includes customer EV consulting, intelligent charging, warrantied infrastructure,… Continue reading Hino Trucks offers all-inclusive solution for fleet electrification