New brand, Zeekr, to bring competition into premium electric segment Focus on innovation as standard with users at the centre of operations Unique business model with production given to parent company under asset light operation strategy 2021 March 23rd, Hangzhou and Hong Kong. Geely Auto Group (Geely Auto) today announced the formation of a new… Continue reading @Geely: Geely Auto Forms New Premium Electric Car Company – Zeekr
Tag: Strategy
@VW Group: 30 years of ŠKODA AUTO in the Volkswagen Group: A European economic success story002685
Thomas Schäfer, Chairman of the Board of Management of ŠKODA AUTO, emphasises: “The integration of ŠKODA AUTO into the Volkswagen Group is a great example of a successful transformation in the Czech Republic and the European Union as a whole. With determination, foresight and courage, the people involved at that time set the right course… Continue reading @VW Group: 30 years of ŠKODA AUTO in the Volkswagen Group: A European economic success story002685
India to launch supercharged push for global electric vehicle players
To benefit from the scheme automakers must meet conditions including minimum global revenue of $1.4 billion. For auto parts makers it is $69 million. The companies must grow by at least 8% each year to qualify for the incentives, which are also linked to the distance between the factory and point of sale. By Aditi… Continue reading India to launch supercharged push for global electric vehicle players
Hyundai Mobis introduces premium sound jointly with Meridian
– First introduced in Kia K8…A high-end, high performance audio system combining Hyundai Mobis and Meridian Audio – Meridian with craftsmanship and innovative digital technology…Synergied with infotainment technology and expertise from Hyundai Mobis – The world’s first automotive audio system utilitizing NATEC speakers which use a diaphragm made of natural wood SEOUL, South Korea, March… Continue reading Hyundai Mobis introduces premium sound jointly with Meridian
New Jaguar Land Rover electric car offensive: full details
Land Rover is to launch six pure-electric models within the next five years as part of a wide-ranging review of the overall Jaguar Land Rover business by its incoming chief executive Thierry Bollore, while sister brand Jaguar is to be reimagined as an all-electric luxury brand by 2025. Jaguar Land Rover says that all of its brands’… Continue reading New Jaguar Land Rover electric car offensive: full details
German Manager Magazin: Porsche: Chief Financial Officer Lutz Meschke emphasizes the advantages of an IPO000672
The Mind games in the Volkswagen Group about a initial public offering the daughter Porsche, about which manager magazin has already reported in detail, meet with open ears at the sports car manufacturer from Stuttgart. The decision on this lies with the VW Group, said Porsche CFO Lutz Meschke (54) on Friday during the annual… Continue reading German Manager Magazin: Porsche: Chief Financial Officer Lutz Meschke emphasizes the advantages of an IPO000672
Toyota invests in Chinese self-driving partner Momenta
TIANJIN, China — Toyota Motor has invested in Chinese autonomous-driving startup Momenta as part of a $500 million fundraising round, expanding the Japanese automaker’s development infrastructure in China as tensions between Beijing and the U.S. simmer. Momenta’s systems use deep learning to analyze information from a vehicle’s cameras and sensors and construct a map of its… Continue reading Toyota invests in Chinese self-driving partner Momenta
Vertu Motors acquires Honda dealership from Hepworth Motor Group
Vertu Motors has acquired a Honda dealership based on Leeds Road, Huddersfield from Hepworth Motor Group to grow its Yorkshire presence to 23 sites. The business, which also holds an authorised repair contract for Mitsubishi, has been located in Huddersfield for 40 years. All colleagues will remain at the dealership following the acquisition, ensuring continuity… Continue reading Vertu Motors acquires Honda dealership from Hepworth Motor Group
@VW Group: LATEST FIGURES CONFIRM SIGNIFICANT BOOST TO SUSTAINABILITY AT BENTLEY’S CREWE HQ Mar 19, 2021 …002662
LATEST FIGURES CONFIRM SIGNIFICANT BOOST TO SUSTAINABILITY AT BENTLEY’S ENVIRONMENTALLY-FRIENDLY CREWE HQ Latest environmental data confirms British marque is on course to become the world’s most sustainable luxury car maker Positive advances against Bentley’s plans to reduce production-related environmental impact by 75 per cent over a 15 year period to 2025 Significant fall in CO2… Continue reading @VW Group: LATEST FIGURES CONFIRM SIGNIFICANT BOOST TO SUSTAINABILITY AT BENTLEY’S CREWE HQ Mar 19, 2021 …002662
@VW Group: Porsche achieves sustainable growth in 2020 financial year002665
The operating result is 4.2 billion euros. The previous year it was 4.4 billion euros before special items and 3.9 billion euros after. The return on sales was 14.6 per cent in 2020, within the strategic target corridor despite the tense economic situation. The strong figures from 2019 were thus only barely missed, despite a… Continue reading @VW Group: Porsche achieves sustainable growth in 2020 financial year002665