Sergio Marchionne, who has led Fiat Chrysler Automobiles since 2009, has words of advice for the automobile industry: The future of cars is coming swiftly, and if you can’t innovate and differentiate, you won’t survive. Marchionne, one of the longest-serving chief executives in the auto industry, confirmed on Monday, the opening of the North American… Continue reading Fiat Chrysler CEO Sergio Marchionne To Step Down, Warns Auto Industry of Commoditization
Tag: Mobility
Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Sergio Marchionne, one of the longest-serving CEOs in the auto industry, has a stark warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Dongfeng Yulon moves into high gear, by rebranding
Dongfeng Yulon’s Luxgen models are displayed at an auto show in Changchun, Jilin province. [Photo/China Daily] Dongfeng Yulon Motor Co, a joint venture between the Chinese mainland’s Dongfeng Motor Corp and Taiwan’s Yulon Motor, is re-positioning itself in an attempt to rev up its performance in the competitive Chinese market. Jack Hsin-fa Wu, general manger… Continue reading Dongfeng Yulon moves into high gear, by rebranding
Report: Ride Hailing Accounted for 65% of Business Travel Expense Transaction Volume in 2017
Photo via Mark Warner/Flickr Automated travel and entertainment expense management software provider, Certify, announced the results of its fifth, full-year SpendSmart Report with analysis of U.S. business travel and expense spending trends for 2017. The Certify SpendSmart report tracks business travel expense spending across major categories such as food, airlines, lodging, and car rental. The… Continue reading Report: Ride Hailing Accounted for 65% of Business Travel Expense Transaction Volume in 2017
Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh
Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh Launches its range of all-electric vehicles – e2oPlus, eVerito and eSupro in Uttar Pradesh e-Alfa Mini, Mahindra’s electric rickshaw for passenger movement, was launched in Uttar Pradesh, in September, 2017 Vehicles to be available in Lucknow, Agra and Kanpur Lucknow, February 5, 2018: Mahindra &… Continue reading Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh
MWC 2018: Continental Is Shaping the Future of Mobility
Continental will be unveiling innovative solutions and services at the Mobile World Congress in Barcelona Holistic connectivity is turning vehicles into smartphones on wheels Smart integration of mobile devices maximizes driver and user experience Barcelona, February 8, 2018. Starting in April 2018, every new car in Europe will have to be equipped with an integrated… Continue reading MWC 2018: Continental Is Shaping the Future of Mobility
Nissan reports nine-month results for fiscal year 2017
YOKOHAMA, Japan (February 8, 2018) – Nissan Motor Co., Ltd. today announced financial results for the nine-month period to December 31, 2017. Nissan generated an operating profit of 364.2 billion yen on net revenues of 8.53 trillion yen, equivalent to an operating margin of 4.3%. During the period, the Group’s performance was adversely impacted by… Continue reading Nissan reports nine-month results for fiscal year 2017
Bosch to enhance localisation of electrified portfolio in India
Soumitra Bhattacharya, MD, Bosch Limited and president, Bosch India Group: “Bosch strongly believes that its current and future portfolio of electromobility solutions will be one of the key contributing factors that lead to a dynamic ecosystem in the country.” At the Bosch Technology Exposition 2018, Bosch announced its plans to significantly increase the extent of localisation of its electrified… Continue reading Bosch to enhance localisation of electrified portfolio in India
Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
China officially has five electric vehicle companies valued at US$1 billion or more, as China Money Network has learned that Byton, an EV start-up rooted in China, is currently seeking a new financing round at a minimum valuation of US$1.2 billion. Byton, previously known as Future Mobility Corp, last raised around US$200 million at a… Continue reading Exclusive: Electric Vehicle Firm Byton To Raise New Round From Chinese State Investor At $1.2B Valuation
Volvo Cars reports record operating profit of SEK14.1 billion in 2017
Volvo Cars reports record operating profit of SEK14.1 billion in 2017 Volvo Cars, the premium car maker, has reported a strong 27.7 per cent increase in operating profit in 2017, earning a record SEK14.1 billion compared to SEK11.0 billion in 2016, driven by global sales of 571,577 cars. Net revenue for the period… Continue reading Volvo Cars reports record operating profit of SEK14.1 billion in 2017