In late January, retired General Motors employee Joseph Jones bought a 2021 GMC Sierra full-size pickup after having driven his 2004 Sierra for 17 years. Jones, 68, tracked the production of the new light-duty pickup in cherry red from his home in Franklin, Tennessee. He saw that it was built on Feb. 15 at GM’s Silao Assembly Plant in Mexico,… Continue reading GM build-shy strategy has tens of thousands of vehicles parked awaiting chip parts
Tag: Strategy
Lion Electric Closes Business Combination with Northern Genesis Acquisition Corp. and will Debut as a Publicly Traded Company
MONTREAL, May 6, 2021 /PRNewswire/ – Lion Electric (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, and Northern Genesis Acquisition Corp. (“NGA”) (NYSE: NGA), a special purpose acquisition company, announced today the completion of their previously announced business combination (the “Business Combination”). The Business Combination was approved by NGA… Continue reading Lion Electric Closes Business Combination with Northern Genesis Acquisition Corp. and will Debut as a Publicly Traded Company
Renault: new logo, electrified range and the electric Megane arrives
4 ‘of reading Renault has unveiled the innovations for the future, presented within the Renaulution strategic plan. It was Luca de Meo himself, president of the Alliance, who showed how Renault will change from the new logo to the new electric Megane. The “Nouvelle Vague” intends to transform Renault into a manufacturer of technology, services… Continue reading Renault: new logo, electrified range and the electric Megane arrives
The Chinese supercar will be “made in Emilia”: 1,000 hires in the motor valley
Ultra-luxury supercar with electric drive The industrial project of the Americans of Silk EV and the Chinese of FAW, a reality with 130 thousand employees and 3.5 million cars sold in 2019, therefore takes another step forward after the birth of the joint venture last February. A collaboration, as the company points out in a… Continue reading The Chinese supercar will be “made in Emilia”: 1,000 hires in the motor valley
@Fisker: Fisker Launches New Resource for Environmental, Social, and Governance Policy, Practices and Reporting000009
LOS ANGELES–(BUSINESS WIRE)– #EVs–Fisker Inc. today launched a new online resource in support of its commitment to the highest standards of ESG. Go to Source
Pratap Bose joins Mahindra &Mahindra, likely to head New Global Design Centre
Bose is known to have driven the new design language in Tata Motors’, refreshed passenger car portfolio, which includes models like the Nexon compact sport utility vehicle, Altroz premium hatchback and Harrier SUV. Tata cars have become more aspirational for the young buyers, experts say. Automobile designer Pratap Bose is set to join the Mahindra… Continue reading Pratap Bose joins Mahindra &Mahindra, likely to head New Global Design Centre
Adient reports solid second quarter 2021 financial results despite a turbulent production environment
Transformational change to the company’s capital structure underway, underpinned by accelerated debt repayment PLYMOUTH, Mich., May 6, 2021 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced second quarter 2021 financial results. (PRNewsfoto/Adient) Q2 GAAP net income and EPS diluted of $69M and $0.72 respectively; Q2 Adj.-EPS diluted of $1.15 Q2… Continue reading Adient reports solid second quarter 2021 financial results despite a turbulent production environment
Valmet Automotive signs 3rd customer deal for Uusikaupunki battery plant, production line installations started
Valmet Automotive has signed a third customer deal for manufacturing battery systems at the Uusikaupunki battery plant. The customer is a major automotive OEM. Installations of the production lines have started at the plant, and the recruitment campaign is progressing well. Production at the battery plant will start in the second half of 2021. The… Continue reading Valmet Automotive signs 3rd customer deal for Uusikaupunki battery plant, production line installations started
Sarwant Singh quits Frost Sullivan; joins Switch Mobility leadership team
Sarwant is an MBA from the University of Leads and a B Tech in electrical engineering from Saurashtra University. New Delhi: Sarwant Singh, former managing partner at consulting firm Frost & Sullivan, has joined as Ashok Leyland-owned Switch Mobility UK’s president and chief planning officer, and CEO of the mobility service company of the Group,… Continue reading Sarwant Singh quits Frost Sullivan; joins Switch Mobility leadership team
Mahindra & Mahindra to set up advanced design centre in the UK
The Mahindra Group has announced the setting up of Mahindra Advanced Design Europe (M.A.D.E) in the West Midlands, UK. An official statement issued today says, “The new Centre of Excellence (CoE), will be a part of the Mahindra Global Design Network that includes the Mahindra Design Studio in Mumbai, India, and Pininfarina Design in Turin,… Continue reading Mahindra & Mahindra to set up advanced design centre in the UK