Turkey unveiled its first fully domestically-produced car on Friday (27 December), saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira (€3.3 billion) over 13 years.The consortium, called Turkey’s Automobile Initiative Group (TOGG), was established in mid 2018 by five industrial groups: Anadolu Group, BMC, Kok Group, mobile phone operator Turkcell and Zorlu Holding, the parent of TV maker Vestel.TOGG’s CEO is former Bosch executive Gurcan Karakas and its chief operating officer is Sergio Rocha, former General Motors Korea chief executive. More sourcesTurkey unveils first fully home-made car (The Business Times: Dec 30, 2019 at 12:00 AM)
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‘No time left:’ Nissan No. 3 Seki explains decision to bolt
TOKYO — Nissan Motor‘s vice chief operating officer said he chose to leave the carmaker — where he was promoted to No. 3 just this month — for a position at Japanese motor maker Nidec in part because the clock is winding down for him. “I’m 58 years old, so there’s no time left,” Jun… Continue reading ‘No time left:’ Nissan No. 3 Seki explains decision to bolt
Turkey unveils first domestically-produced electric car
Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years.The consortium, called Turkey’s Automobile Initiative Group (TOGG), was established in mid 2018 by five industrial groups: Anadolu Group, BMC, Kok Group, mobile phone operator Turkcell and Zorlu Holding, the parent of TV maker Vestel .TOGG’s CEO is former Bosch executive Gurcan Karakas and its chief operating officer is Sergio Rocha, former General Motors Korea chief executive.
Quick Ride registers 22 lakh new car-pooling users in 2019
Bangalore-based ride-sharing startup company Quick Ride has reported 22 lakh new registrations across Bangalore, Delhi-NCR, Chennai, Mumbai, Pune, Hyderabad, Kerala, and Kolkata in 2019. Quick Ride claims that ever since it began in 2015, it has registered a total user base of 3.2 million users. As per reports, Quick Ride has witnessed a 4x growth in… Continue reading Quick Ride registers 22 lakh new car-pooling users in 2019
Nidec’s charismatic founder still in search for a successor
TOKYO — Japanese motor maker Nidec is to hire Jun Seki, the vice chief operating officer at Nissan Motor, as a potential candidate for president. Seki is the third outside executive recruited by Shigenobu Nagamori, Nidec’s chairman and chief executive, as a candidate for the position. Like Masayoshi Son, SoftBank Group’s president and chief executive, and Tadashi Yanai, president and… Continue reading Nidec’s charismatic founder still in search for a successor
Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan are to jointly acquire a 30 percent ownership stake in HERE Technologies. The companies are co-investing in Here via their newly established, jointly owned holding company ‘COCO Tech Holding’ B.V. in the Netherlands. The transaction is expected to close in the first half of… Continue reading Mitsubishi Corp and NTT to acquire 30% stake in HERE Technologies
Visteon Appoints Jerome Rouquet as Senior Vice President, Finance, and Chief Financial Officer
VAN BUREN TOWNSHIP, Mich., Dec. 19, 2019 (GLOBE NEWSWIRE) — Visteon Corporation (NASDAQ: VC), a global leader in vehicle cockpit electronics, today announced that Jerome Rouquet has been appointed senior vice president, finance, effective Jan. 21, 2020. Rouquet will become Visteon’s chief financial officer following the filing of the company’s fiscal 2019 financial statements with… Continue reading Visteon Appoints Jerome Rouquet as Senior Vice President, Finance, and Chief Financial Officer
HERE Technologies welcomes Mitsubishi Corporation and NTT as new investors
• Companies to co-invest, taking 30% ownership stake in HERE• Broadened shareholder structure will support HERE’s ambitions to accelerate growth in new industries and markets• HERE to explore further strategic opportunities with MC and NTTDecember 20, 2019Amsterdam – HERE Technologies today announced that Mitsubishi Corporation (MC) and Nippon Telegraph and Telephone Corporation (NTT) of Japan… Continue reading HERE Technologies welcomes Mitsubishi Corporation and NTT as new investors
@Renault: Jubilee LADA Vesta: 400 000 cars produced
The 400-thousandth car of the LADA Vesta family rolled off the production line of LADA Izhevsk in December. The sedan of the bright blue color “Diving” in the Exclusive trim level with automatic manual transmission and 1.6 l engine (113 HP) became the jubilee one. The SOP of the LADA Vesta model has been launched… Continue reading @Renault: Jubilee LADA Vesta: 400 000 cars produced
MARELLI FURTHER STRENGTHENS ADVISORY BOARD THROUGH NEW APPOINTMENT
Following the creation of its external advisory board in October this year, leading automotive supplier, MARELLI, today announced that Dr. Jan Becker will become the second market expert to join the Advisory Board. Dr. Becker has over 20 years’ experience in vehicle automation and is currently CEO and Co-Founder of Apex.AI, Inc., which offers safe… Continue reading MARELLI FURTHER STRENGTHENS ADVISORY BOARD THROUGH NEW APPOINTMENT