Valeo’s capital begins to consolidate. After bpifrance about a year ago , it is now the turn of the Strategic Equity Fund (FSP) to go up to the round of the tricolor equipment supplier. Created in 2013, bringing together several French insurers whose aim is to support French companies via long-term investments, this investment fund… Continue reading Valeo strengthens its round in Covid-19 storm
Tag: Strategy
Coronavirus: shadows hanging over the PSA-Fiat Chrysler merger
Officially, the work continues: the megafusion between PSA and Fiat Chrysler (FCA) , sealed just before Christmas, is not affected by the coronavirus crisis. “At this stage nothing has changed, the discussions continue. The “deal” should be finalized within twelve to eighteen months, we have time to return to a normalized situation, “said a source… Continue reading Coronavirus: shadows hanging over the PSA-Fiat Chrysler merger
@GM: General Motors Fortifies Balance Sheet in Response to COVID-19
General Motors Fortifies Balance Sheet in Response to COVID-19 2020-03-24 DETROIT – General Motors (NYSE:GM) announced today that it intends to drawdown approximately $16.0 billion from its revolving credit facilities. This is a proactive measure to increase GM’s cash position and preserve financial flexibility in light of current uncertainty in global markets resulting from the… Continue reading @GM: General Motors Fortifies Balance Sheet in Response to COVID-19
Toyota and NTT in tie-up for $1.8bn smart city project
TOKYO — Toyota Motor and Nippon Telegraph and Telephone have decided to sign a capital and business tie-up deal, Nikkei learned Tuesday. The companies, which will spend a total of some 200 billion yen ($1.81 billion), will bring together their respective technologies for a project to build a smart city to start in 2021 on a former Toyota plant site… Continue reading Toyota and NTT in tie-up for $1.8bn smart city project
Fiat Chrysler to start producing 1 million face masks a month
Fiat Chrysler Automobiles said Monday it will start manufacturing face masks in the coming weeks and donate the critical medical equipment to first responders and healthcare workers — the latest automaker to direct its manufacturing expertise toward the COVID-19 pandemic. The automaker confirmed to TechCrunch that production capacity is being installed this week at one… Continue reading Fiat Chrysler to start producing 1 million face masks a month
Volkswagen CEO warns factory closures may drag on for weeks
FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt (Reuters) – Volkswagen AG (VOWG_p.DE) CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned. “Most of our… Continue reading Volkswagen CEO warns factory closures may drag on for weeks
UPDATE 1-VW CEO warns factory closures may drag on for weeks
FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt (Reuters) – Volkswagen AG (VOWG_p.DE) CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned. “Most of our… Continue reading UPDATE 1-VW CEO warns factory closures may drag on for weeks
@VW Group: Porsche AG Group – Innovative Mobility
Economic stability Social and ecological sustainability does not run counter to corporate success but in fact contributes to this goal. Long-term economic success is likewise a fundamental requirement for effective sustainable operations. The company enjoys excellent profitability and has set itself the strategic target of a minimum operating return on sales of 15 per cent. Porsche… Continue reading @VW Group: Porsche AG Group – Innovative Mobility
@VW Group: Porsche AG Group – Procurement
Alongside multiple model start-ups, the production launch of the Taycan was a key challenge in the reporting year. After all, this first all-electric sports car from Porsche represented uncharted territory for the company in a number of respects. Procurement also explored a number of options for optimising value chains, intensifying its networking efforts with suppliers… Continue reading @VW Group: Porsche AG Group – Procurement
@VW Group: Porsche AG Group – Employees
As of 31 December 2019, the company counted 35,429 employees, 9.6 per cent more than at the end of the previous year. A significant driver of jobs is the Taycan, which celebrated its world premiere in September 2019. During the reporting year, Porsche took the high level of demand as its cue to hire a… Continue reading @VW Group: Porsche AG Group – Employees