Despite the continued extraordinary external circumstances with the corona pandemic and component shortages, 2021 was a year of growth for Valmet Automotive in all business lines with the strongest growth in EV Systems. The most significant events of the year included several new customer contracts in all business lines, new production facilities and products in the… Continue reading Valmet Automotive’s Annual Review 2021: Strong growth in EV Systems, record operating profit for the Group
Tag: Contract Manufacturer
German Handelsblatt: Automotive supplier: Controversial spin-off plans – what remains of Continental?003903
Wolfgang Reitzle will alles aus Continental herausholen. Der Aufsichtsratschef des Dax-Konzerns hat es auf eine höhere Börsenbewertung und mehr Kapital abgesehen. Sein Plan: Die Conti-Sparte für das automatisierte Fahren aus dem Gesamtkonzern herauslösen und dadurch den wirklichen Wert des wichtigsten Zukunftsgeschäfts für Investoren sichtbar machen. Die könnten sich dann auch an den hohen Investitionen beteiligen.… Continue reading German Handelsblatt: Automotive supplier: Controversial spin-off plans – what remains of Continental?003903
ForTwo to 4×4: How Smart factory became home to Ineos Grenadier – Autocar
Part of Ineos’s success has been to assemble a crack team of manufacturing experts. Torseke was a director at NEVS before joining Valmet Automotive, the Finnish firm that for years made the Boxster and Cayman for Porsche. CEO Philippe Steyer has worked in operational roles for Mercedes, often at Hambach, for 20 years. Stefan Bruhnke, who heads up quality control, is… Continue reading ForTwo to 4×4: How Smart factory became home to Ineos Grenadier – Autocar
INEOS Grenadier Seeks to Deliver the Classic SUV Experience – Car and Driver
Many of us feel deep regard for our favorite cars, but few can match the commitment Jim Ratcliffe has shown to one of his. The CEO of the INEOS chemical company and one of the U.K.’s richest men, Ratcliffe mourned the passing of the previous-generation Land Rover Defender so much that he ordered the creation… Continue reading INEOS Grenadier Seeks to Deliver the Classic SUV Experience – Car and Driver
Valmet Automotive’s operations are CO2 neutral since beginning of 2022
Valmet Automotive Group is confirmed by the international classification society DNV to be CO2 neutral in its operations since January 1, 2022. Carbon neutrality is a strategic goal of Valmet Automotive, and the company has significantly reduced emissions from its operations in recent years. Valmet Automotive is a leading player in the automotive industry in climate… Continue reading Valmet Automotive’s operations are CO2 neutral since beginning of 2022
CANOO INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2021 RESULTS
JUSTIN, Texas, Feb. 28, 2022 /PRNewswire/ — Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the fourth quarter and fiscal year 2021. “We continue to make key progress and recently executed multiple agreements with the state of Oklahoma, including for the purchase of 1,000 vehicles. We broke ground in… Continue reading CANOO INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2021 RESULTS
Magna Enters Joint Venture With LAN to Assemble Seats in Michigan
JV to assemble complete seats for Ford Production expected to start in the second quarter of 2023 More than 390 new jobs to be created AURORA, Ontario, Feb. 22, 2022 (GLOBE NEWSWIRE) — Today Magna announced it has entered into a joint venture (“JV”) with LAN Manufacturing, a minority-owned automotive supplier based in Michigan. The… Continue reading Magna Enters Joint Venture With LAN to Assemble Seats in Michigan
Volta Trucks concludes Series C funding
Volta Trucks, a full-electric commercial vehicle manufacturer and services provider, has announced the successful and oversubscribed conclusion of its Series C funding round with a €230 million capital raise. The funding round was led by New York-based Luxor Capital, while initial seed investor, Byggmästare Anders J Ahlström of Stockholm, added to its holding in the… Continue reading Volta Trucks concludes Series C funding
Fisker Ocean electric SUV ‘on schedule’ for November deliveries, CEO says
Electric vehicle (EV) company Fisker (FSR) unveiled its Ocean EV SUV in late November at the Los Angeles Auto Show with the goal of making the car “the world’s most sustainable vehicle.” The base model, named the Ocean Sport, will start at $37,499 before any government incentives. CEO and chairman Henrik Fisker said that customers… Continue reading Fisker Ocean electric SUV ‘on schedule’ for November deliveries, CEO says
Ex-Mahindra design head Ramkripa Ananthan creates micro EV concept vehicle
Ramkripa Ananthan, ex-Mahindra Design Head and Director, KRUX Studio: “Today’s customers seek sustainable options and manufacturers want to be environmentally and socially responsible. Our concept addresses that.” As the former Head of Design at Mahindra & Mahindra, Ramkripa Ananthan is known to have led the team that designed the Mahindra XUV500, XUV300 and the Marazzo.… Continue reading Ex-Mahindra design head Ramkripa Ananthan creates micro EV concept vehicle