Formula 1’s 2023 season isn’t even half over, but manufacturers are already working on 2026. That is when revised power-unit regulations, running through 2030, will take effect. It will be the biggest overhaul to the rules since the introduction of 1.6-liter V6 turbocharged engines in 2014. There will be more manufacturers and a step toward… Continue reading F1 Teams Are Already Working on the Power Units Coming in 2026
Tag: FCA
Western car makers look to slash EV costs to fight Chinese onslaught
Western automakers are fretting about an “invasion” of cheap Chinese electric cars in Europe, prompting France’s Renault to say on Thursday it was aiming to slash production costs for its electric models by 40%. Finance chief Thierry Pieton said the best way to fend off price competition was for Renault to cut its own development and… Continue reading Western car makers look to slash EV costs to fight Chinese onslaught
Western car makers look to slash EV costs to fight Chinese ‘invasion’
Renault aims to cut electric vehicle production costs by 40% to compete with cheap Chinese electric cars flooding Europe’s market. Western automakers, including Stellantis, face fierce competition and must seek cost competitiveness to stay profitable. Western automakers are fretting about an “invasion” of cheap Chinese electric cars in Europe, prompting France‘s Renault to say on… Continue reading Western car makers look to slash EV costs to fight Chinese ‘invasion’
German Manager Magazin: Volkswagen: Car manufacturer cuts sales forecast due to uncertain economy002628
Volkswagen increased the operating result significantly in the second quarter thanks to decreasing delivery bottlenecks, but has become more cautious in its sales forecast due to the uncertain economy. The operating result increased by almost a quarter to 5.6 billion euros, the Wolfsburg-based group announced on Thursday. Sales climbed 15.2 percent to a good 80… Continue reading German Manager Magazin: Volkswagen: Car manufacturer cuts sales forecast due to uncertain economy002628
Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
Scott Mlyn | CNBC Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and a net profit of 10.9… Continue reading Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up
New York – The Federal Reserve’s decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy. Mortgage rates, which have surged since the Fed began lifting rates in March 2022, may now rise further. So could rates on credit cards and some… Continue reading Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up
Stellantis posts record $12.1B net profit in first half of 2023
The maker of Chrysler, Dodge, Jeep and Ram vehicles early Wednesday reported record financial results for the first half of 2023, boosted by improved shipments of microchip deliveries compared to 2022. Stellantis NV reported a record $12.1 billion (10.9 billion euro) net profit, up 37% year-over-year for the first six months, on a best-ever $109… Continue reading Stellantis posts record $12.1B net profit in first half of 2023
@AML: Total Voting Rights000496
RNS Number : 3035H Aston Martin Lagonda Global.Holdings PLC 26 July 2023 26 July 2023 Aston Martin Lagonda Global Holdings plc (the “Company”) Announcement for Admission of New Shares pursuant to Warrant Instrument In accordance with Listing Rule 9.6.4(6), the Company announces that 1,324,037 Ordinary Shares of £0.10 (the “Warrant… Continue reading @AML: Total Voting Rights000496
@Groupe PSA: PR First Half 2023 Results006056
AMSTERDAM – Stellantis N.V. continues to deliver value across multiple dimensions, posting strong growth and setting new records in Net revenues, AOI and Net profit, while driving a transformative, cost-effective product pivot to electrified and software-defined vehicles across its 14 iconic brands. Despite the challenging business environment, Stellantis is successfully executing its Dare Forward 2030… Continue reading @Groupe PSA: PR First Half 2023 Results006056
@FCA: Seven Automakers Unite to Create a Leading High-powered Charging Network Across North America
July 26, 2023 , Auburn Hills, Mich. – Seven of the world’s leading automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV – are creating a joint venture to accelerate the transition to electric vehicles in North America, by making EV charging more convenient, accessible and reliable. The joint venture will include… Continue reading @FCA: Seven Automakers Unite to Create a Leading High-powered Charging Network Across North America