Tag: Mobility

Ford to return to pre-COVID production rates in U.S. plants by early July, COO says

DETROIT (Reuters) – Ford Motor Co (F.N) expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus pandemic shut down the U.S. auto industry for two months, a top executive said on Wednesday. FILE PHOTO: Jim Farley, President, Global Markets, Ford Motor Company,… Continue reading Ford to return to pre-COVID production rates in U.S. plants by early July, COO says

UPDATE 2-Ford to return to pre-COVID production rates in U.S. plants by early July, COO says

DETROIT (Reuters) – Ford Motor Co (F.N) expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus pandemic shut down the U.S. auto industry for two months, a top executive said on Wednesday. FILE PHOTO: Jim Farley, President, Global Markets, Ford Motor Company,… Continue reading UPDATE 2-Ford to return to pre-COVID production rates in U.S. plants by early July, COO says

Xpeng Opens State-Of-The-Art Electric Vehicle Factory In Zhaoqing

Xpeng Motors, took a giant leap forward today with the opening of its own, state of the art manufacturing facility in Zhaoqing, Guangdong Province. The move solidifies Xpeng as a serious player in the electric vehicle industry in China. It’s not easy to get your own automobile manufacturing license in China, and many startups choose instead… Continue reading Xpeng Opens State-Of-The-Art Electric Vehicle Factory In Zhaoqing

@BMW: Pieter Nota, Member of the Board of Management of BMW AG, Customer, Brands, Sales: “There are millions of people in the EU whose mobility behaviour is ideally suited to a plug-in hybrid vehicle”

Interview with Pieter Nota on the BMW Group’s plug-in hybrid vehicles Munich. In an interview, Pieter Nota, Member of the Board of Management of BMW AG, Customer, Brands, Sales, talks about the advantages of the plug-in hybrid, the technology’s future and about what he expects from legislators. Because he is sure: “Our plug-in hybrids combine… Continue reading @BMW: Pieter Nota, Member of the Board of Management of BMW AG, Customer, Brands, Sales: “There are millions of people in the EU whose mobility behaviour is ideally suited to a plug-in hybrid vehicle”

@Honda: Honda Establishes Hynex Mobility Service, a New Joint Venture Company, to Accelerate Advancements Toward Next-generation Connected Services Business in China

June 10, 2020 – Honda Motor (China) Investment Co., Ltd., a wholly-owned Honda subsidiary in China, today announced the establishment of Hynex Mobility Service Co., Ltd. (Hynex Mobility Service), a new joint venture company with Neusoft Reach Automotive Technology (Shanghai) Co., Ltd. (Neusoft Reach). Hynex Mobility Service will strive to advance connected services and offer… Continue reading @Honda: Honda Establishes Hynex Mobility Service, a New Joint Venture Company, to Accelerate Advancements Toward Next-generation Connected Services Business in China

Auto industry to go back a decade; decline upto 45%: SIAM

New Delhi: Going by the RBI Governors’ estimates of witnessing the negative dip in GDP if it turns out at around one-two percent (which I think will be more), the automobile industry will see a decline of about 25 to 45 percent, which is like going back a decade, said Rajan Wadhera, President, Society of… Continue reading Auto industry to go back a decade; decline upto 45%: SIAM

Tesla launches new car-sharing feature to simplify access

Tesla has launched a new feature that simplifies sharing your car with other people – another step toward its self-driving car-sharing network. With Model 3, Tesla focused on designing around self-driving and car-sharing/ride-sharing capability. Things like the center display, the cabin-facing camera, and using your phone as a key were meant to facilitate launching such… Continue reading Tesla launches new car-sharing feature to simplify access

Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings

DUBLIN, June 9, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV) (the “Company”) today announced the pricing of concurrent offerings of 13,173,495 ordinary shares at a price to the public of $75.91 per share (the “Ordinary Shares Offering”) and 10,000,000 5.50% Series A Mandatory Convertible Preferred Shares (the “mandatory convertible preferred shares”) at a price to the… Continue reading Aptiv PLC Announces Pricing of Ordinary Shares and Mandatory Convertible Preferred Shares Offerings

@Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares

SHANGHAI, China, June 09, 2020 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO) (“NIO” or the “Company”), a pioneer in China’s premium smart electric vehicle market, today announced the commencement of the offering of 60,000,000 American depositary shares (the “ADSs”), each representing one Class A ordinary share of the Company (the “ADS Offering”). The Company intends… Continue reading @Nio: NIO Inc. Announces Proposed Offering of 60,000,000 American Depositary Shares