New Delhi: Tata Motors Limited has announced Marc Llistosella as the new chief executive officer and managing director of the company effective July 1, 2021. He will take over from the current incumbent Guenter Butschek, who has preferred to relocate to Germany, his native place. The Tata Group chairman N Chandrasekaran, who is also the… Continue reading Tata Motors appoints Marc Llistosella as CEO & MD
Tag: Mitsubishi
Fiat Chrysler and Peugeot Approve a Merger They Need to Survive
Shareholders of Fiat Chrysler Automobiles and PSA, the French maker of Peugeot, Citroën and Opel cars, voted on Monday to merge in an effort to acquire the scale necessary to survive in an industry gripped by technological change and pummeled by the pandemic. The new company, to be called Stellantis, will employ 400,000 people and… Continue reading Fiat Chrysler and Peugeot Approve a Merger They Need to Survive
Dow Jones Futures Rise Despite Market Rally Warning Signs; 6 Key Stock Movers
Benzinga Apple Car: After Hyndai Fallout, Rumors Of Renault Partnership Appear The Apple Inc. (NASDAQ: AAPL) Car project continues to heat the market, although not directly the Apple stock. For some time, the Cupertino company has been working on a fully autonomous electric car, but it doesn’t seem to have found the right partner among… Continue reading Dow Jones Futures Rise Despite Market Rally Warning Signs; 6 Key Stock Movers
New Zealand backs more low-emission vehicle options
Representative Image Wellington: The New Zealand government has extended additional support to clean up the environment with the approval for 22 new low-emission transport projects, Energy and Resources Minister Megan Woods said on Wednesday. A community electric bike and car share scheme, additional EV charging stations, as well as five hydrogen trucks and a demonstration… Continue reading New Zealand backs more low-emission vehicle options
@Mitsubishi: Reimagined 2022 Mitsubishi Eclipse Cross — New Styling, More Features, Increased Cargo Capacity, Priced From $23,395
Offering a full suite of upgrades inside and out and powered by a proven turbocharged 1.5-liter direct-injection engine, the 2022 Mitsubishi Eclipse Cross starts at just $23,395.1 Mitsubishi’s motorsport-derived Super All-Wheel Control (S-AWC)2 all-wheel drive system can be added to any trim level for $1,600. Major Exterior Redesign At the front of the vehicle, a… Continue reading @Mitsubishi: Reimagined 2022 Mitsubishi Eclipse Cross — New Styling, More Features, Increased Cargo Capacity, Priced From $23,395
Suzuki to offer hybrid-powered models for all ‘kei’ minicars
TOKYO — Suzuki Motor will aim to equip all of its minivehicles with simple hybrid systems in a few years, Nikkei has learned, as the automobile industry weathers a storm of change amid intensifying competition. The Japanese automaker also plans to develop fuel-efficient high-performance hybrid vehicles and electric vehicles. Japan’s signature miniature vehicles, known as… Continue reading Suzuki to offer hybrid-powered models for all ‘kei’ minicars
Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
KYOTO, Japan, Feb. 05, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine… Continue reading Nidec to Acquire Mitsubishi Heavy Industries Machine Tool Co., Ltd.
@niche: Israeli EV startup REE to go public through $3.6 billion blank-check deal000518
By Reuters Staff 2 Min Read (Reuters) – Electric vehicle technology startup REE Automotive has agreed to go public through a merger with a blank-check company, in a deal that values the Israeli firm at around $3.6 billion, the companies said on Wednesday. FILE PHOTO: A prototype of a platform by Israel’s REE Automotive, developers… Continue reading @niche: Israeli EV startup REE to go public through $3.6 billion blank-check deal000518
Japan’s Nidec to buy Mitsubishi machine tool unit for EV motor push
Japan’s Nidec Corp said it will acquire a unit of Mitsubishi Heavy Industries that makes machine and cutting tools as it bolsters a push in motors for electric vehicles (EV). Nidec will buy the business from Japan’s biggest machinery maker for around 30 billion yen ($284 million) in a deal that will help it improve… Continue reading Japan’s Nidec to buy Mitsubishi machine tool unit for EV motor push
Fourth quarter and full year 2020 results
Amsterdam, the Netherlands, 4 February 2021 7:00 AM CEST TomTom on track for 10% growth in Location Technology in 2021 TOMTOM’S CHIEF EXECUTIVE OFFICER, HAROLD GODDIJN“The past year has been a turbulent one. COVID-19 continues to impact people’s lives and disrupt the global economy. While we have also been affected, our Enterprise business showed resilience… Continue reading Fourth quarter and full year 2020 results