Company gains retail market share in key segments DETROIT — General Motors Co. (NYSE: GM) dealers delivered 446,997 vehicles in the U.S. in the third quarter of 2021, down 218,195 units from a year ago as a result of semiconductor supply chain disruptions and historically low inventories. During the quarter, GM provided an update for… Continue reading @GM: GM Reports Third-Quarter Sales October 1, 2021
Tag: Strategy
@Hyundai: Kia Canada’s historic sales run continues with a record-breaking September and strong third quarter
Kia Canada reports third quarter sales with 25,057 units delivered Best-ever September with 8,407 units sold Certified Pre-Owned (CPO) sales continue to soar with strongest September sales and Q3 ever recorded Brand-new 2022 Sorento HEV and PHEV coming this fall – the first of 7 electrified vehicles to arrive in Canada by 2025 TORONTO, Oct.… Continue reading @Hyundai: Kia Canada’s historic sales run continues with a record-breaking September and strong third quarter
@Toyota: Toyota Untold: How Toyota Got its Name and the Many that Followed
There are many variables that go into the development of a vehicle – strategic planning, design, production, sales, marketing, and so much more. But have you ever wondered how Toyota gets to the names that you see on the back of your most beloved cars? It could be as simple as it looks cool, it… Continue reading @Toyota: Toyota Untold: How Toyota Got its Name and the Many that Followed
Foxconn secures first EV plant in U.S. with Lordstown deal
TAIPEI — Foxconn has struck a deal to acquire its first electric vehicle manufacturing plant in North America, part of $280 million in deals with U.S. electric vehicle startup Lordstown Motors that also include a share purchase. The Taiwanese tech giant said on Friday morning it will take a roughly 4% stake in Lordstown for around… Continue reading Foxconn secures first EV plant in U.S. with Lordstown deal
@GM: GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule September 30, 2021
GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule DETROIT, Sept. 30, 2021 /PRNewswire/ — As GM pursues carbon-neutral commitment, company expects to source 100 percent renewable energy in the U.S. by 2025 GM teams with PJM and TimberRock to launch a new carbon tracking system to monitor… Continue reading @GM: GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule September 30, 2021
Aurora shines spotlight on autonomous truck tech, strategy ahead of SPAC merger
On Interstate 45 in Texas, a billboard with “Aurora” emblazoned at the top in giant white letters offers a cryptic message: “A new way to drive is on the horizon.” It’s hard to know just how many of the thousands of drivers on this stretch of road know what that means or what Aurora is;… Continue reading Aurora shines spotlight on autonomous truck tech, strategy ahead of SPAC merger
@BMW: Ad-hoc announcement: BMW AG raises earnings guidance for the financial year 2021001486
Munich. Bayerische Motoren Werke Aktiengesellschaft (BMW AG) increases the guidance corridor for the EBIT margin of the Automotive Segment from between 7% and 9% to between 9.5% and 10.5% for the financial year 2021. Additionally, the guidance corridor for the Return on Equity for the Financial Services Segment is revised from between 17% and 20%… Continue reading @BMW: Ad-hoc announcement: BMW AG raises earnings guidance for the financial year 2021001486
Adient closes previously announced transactions, strategically transforming its business in China
– Company ends Yanfeng Adient Seating Co., Ltd. (YFAS) joint venture with partner Yanfeng Automotive Trim Systems Ltd. (YF) – Adient acquires YFAS’s 50% equity interest in Chongqing Yanfeng Adient Automotive Components Co., Ltd. (CQYFAS) and 100% equity interest in Yanfeng Adient (Langfang) Seating Co., Ltd. (YFASLF) from YFAS – Transactions will enable Adient to… Continue reading Adient closes previously announced transactions, strategically transforming its business in China
GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule
DETROIT, Sept. 30, 2021 /PRNewswire/ — As GM pursues carbon-neutral commitment, company expects to source 100 percent renewable energy in the U.S. by 2025 GM teams with PJM and TimberRock to launch a new carbon tracking system to monitor and reduce emissions in real time Today, General Motors announced that it plans to source 100… Continue reading GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule
Canoo and AVL Partner to Build Proprietary Software for Electric Vehicle Safety Features
JUSTIN, Texas and PLYMOUTH, Mich., Sept. 30, 2021 /PRNewswire/ — Canoo (Nasdaq: GOEV), a company manufacturing breakthrough electric vehicles (EVs), and AVL today announced a partnership to develop, test and validate Advanced Driver Assistance Systems (ADAS) software for Canoo’s Lifestyle Vehicle. Canoo’s proprietary ADAS is designed with the driver in mind – to keep occupants safe and alert. The technology provides an… Continue reading Canoo and AVL Partner to Build Proprietary Software for Electric Vehicle Safety Features