For Carlos Tavares, the man who controls the fate of Jeep, Ram, Chrysler and Dodge, the pandemic, and what it has wrought, has been eye-opening. Crises, which began with COVID-19 and spread into the semiconductor shortage that has tested the resilience of the supply chain, driven up vehicle prices and limited what vehicles are on dealer lots,… Continue reading Stellantis CEO in Detroit: COVID-19 pandemic shows people want cars
Tag: Strategy
@VW Group: Volkswagen Group ties loan to sustainability target for the first time004313
The Volkswagen Group has for the first time concluded a loan with terms tied to achieving a sustainability target (sustainability linked loan). The interest rate on the three-year €1.8 billion agreement depends on the Volkswagen Group achieving its CO2 fleet emission targets in Europe. The funds will be used for refinancing and to cover new… Continue reading @VW Group: Volkswagen Group ties loan to sustainability target for the first time004313
@Groupe PSA: PR Stellantis Targets ~€20 Billion in Incremental Annual Revenues by 2030 Driven by Software-Enabled Vehicles002907
Approximately €4 billion in annual revenues by 2026 and ~€20 billion by 2030, generated by software-enabled product offerings and subscriptions More than €30 billion of investments planned through 2025 to execute software and electrification transformation 34 million monetizable connected cars expected by 2030, with a majority of all new vehicles to be fully over-the-air updatable… Continue reading @Groupe PSA: PR Stellantis Targets ~€20 Billion in Incremental Annual Revenues by 2030 Driven by Software-Enabled Vehicles002907
@BMW: BMW i Ventures Leads the Seed Financing Round of 3D printing Company, Rapid Liquid Print.001635
Mountain View, C.A.– December 7, 2021… BMW i Ventures today announced a lead investment in the seed financing round of Rapid Liquid Print (RLP), which brings the benefits of 3D printing to elastomers with a revolutionary gel-printing technology that uses industry-standard materials, such as soft rubber, silicone and foams, to produce soft, flexible products without… Continue reading @BMW: BMW i Ventures Leads the Seed Financing Round of 3D printing Company, Rapid Liquid Print.001635
Meritor Announces Collaboration with BAE Systems to Deliver Electric Drivetrains for Industrial Vehicles
TROY, Mich., Dec. 7, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it will collaborate with BAE Systems to deliver electrification for the Industrial and Defense markets. The companies will work together to offer efficient, cost-effective, fully-integrated electric vehicle solutions. As part of this strategic collaboration, BAE Systems will leverage its expertise in… Continue reading Meritor Announces Collaboration with BAE Systems to Deliver Electric Drivetrains for Industrial Vehicles
Bollinger Motors partners with EAVX for electric work trucks – Trailer/Body Builders
Bollinger Motors partners with EAVX for electric work trucks Trailer/Body Builders Bollinger Motors Announces Strategic Partnership With EAVX To Develop All-electric Commercial Trucks PRNewswire Bollinger & EAVX join forces to develop all-electric work trucks www.electrive.com Bollinger Motors’ electric chassis will be used to underpin commercial vehicles Automotive News Bollinger Motors, EAVX to Develop All-Electric Commercial Trucks Heavy Duty Trucking View… Continue reading Bollinger Motors partners with EAVX for electric work trucks – Trailer/Body Builders
@BMW: Delivered as promised: BMW Group hands over one-millionth electrified vehicle and achieves next milestone in transformation001634
Munich. Shortly before the end of the year, the BMW Group celebrated the delivery of its one-millionth electrified vehicle: Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands and Sales handed over the milestone vehicle, a BMW iX xDrive40 (Power consumption in kWh/100 km: 22.5-19.3 WLTP), to its owner at… Continue reading @BMW: Delivered as promised: BMW Group hands over one-millionth electrified vehicle and achieves next milestone in transformation001634
Hyundai Motor’s labor union’s “Strong Candidate” showdown…Labor-management relations announced a thorny path
On the 7th, a final vote for the new branch manager will be held.The current centrist executive has been eliminated from the first ballot.The final two candidates. Focus on “Shortening Working Hours While production disruptions are serious enough to wait for Hyundai Motor’s popular models to be released for nearly a year, a final vote… Continue reading Hyundai Motor’s labor union’s “Strong Candidate” showdown…Labor-management relations announced a thorny path
@FCA: Stellantis Targets ~€20 Billion in Incremental Annual Revenues by 2030 Driven by Software-enabled Vehicles
December 7, 2021 , Amsterdam – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) today mapped out its software strategy to deploy next-generation tech platforms, building on existing connected vehicle capabilities to transform how customers interact with their vehicles, and to generate approximately €20 billion in incremental annual revenues by 2030. This transformation will move… Continue reading @FCA: Stellantis Targets ~€20 Billion in Incremental Annual Revenues by 2030 Driven by Software-enabled Vehicles
VW committee unlikely to decide on CEO’s future on Tuesday – sources – Reuters
HAMBURG, Nov 23 (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board executive committee will meet on Tuesday evening to discuss the future of Chief Executive Herbert Diess, but further talks will likely be needed before a final decision is reached, three sources said. Diess and union representatives have clashed in recent weeks over his management style and… Continue reading VW committee unlikely to decide on CEO’s future on Tuesday – sources – Reuters