The Norfolk-based manufacturer of lightweight sports cars, Zenos, has revealed that it’s entered administration – citing a downturn in sales for it ceasing trading. The start-up company has been punching above its weight since it launched the brilliant E10 in January 2015. Journalists raved about the £26,995 Lotus rival – but, ultimately, it wasn’t enough… Continue reading British sports car maker Zenos has gone into administration – City A.M.
Tag: Strategy
@AML: Mercedes-Benz AG strategic technology agreement, new financing and Q3 results000065
Aston Martin Lagonda Global Holdings plc (“Aston Martin”, “Aston Martin Lagonda” or the “Company”) today provides the following market update Targeting c.10k vehicles, c.£2bn revenue and c.£500m Adjusted EBITDA by FY 2024/25 New fully committed proposed financing strengthens financial resilience and supports growth ambitions, leading to pro-forma cash of > £500m Expanded and enhanced technology… Continue reading @AML: Mercedes-Benz AG strategic technology agreement, new financing and Q3 results000065
UK budget, von der Leyen on pandemics, Lucid takes on Tesla
Chancellor Rishi Sunak is set to announce the UK’s budget on Monday and it includes a £5bn “restart” grant scheme, European Commission president Ursula von der Leyen warns that Europe could face an “era of pandemics,” and Japanese officials are preparing revisions to the country’s corporate governance code in an effort to change an inward… Continue reading UK budget, von der Leyen on pandemics, Lucid takes on Tesla
Autocar Professional’s March 1 issue is all about connectivity
The world is literally standing at crossroads- the interface between human experience and technology and Autocar Professional seeks to connects the dots between the OEMs and the suppliers with its Connectivity & Electronics Special March 1 issue. This 64-page issue brings you exclusive interviews, in-depth analysis and detailed insight about how automobiles are increasingly transforming into computers… Continue reading Autocar Professional’s March 1 issue is all about connectivity
Cubic Telecom delivers fully complaint IoT software solution in Brazil for automotive industries
Cubic Telecom has expanded its global IoT software solution to Brazil by obtaining an Autorizada Licence and establishing a partnership with TIM Brasil, the leading Brazilian 4G network with nationwide coverage across 3,500 cities. Forging this strategic partnership with TIM Brasil, Cubic Telecom will extend its quality IoT solutions for global customers to Brazil – a… Continue reading Cubic Telecom delivers fully complaint IoT software solution in Brazil for automotive industries
Old-school Stellantis car factories gear up for the shock of electric
Carlos Tavares is an unashamed petrolhead, with a rally-racing hobby that harks back to an earlier automotive age. Yet carmakers like Stellantis, which he leads, and its rivals have had to set aside affection for roaring internal combustion engines as environmental rules set the limits for the industry. Stellantis was formed in January in a… Continue reading Old-school Stellantis car factories gear up for the shock of electric
China Tech Digest: Huawei Says It Won’t Make EVs, SenseTime Rumored To Seek A+H Listings
Huawei says it will not to build cars but will help car companies build better cars Reuters reported that Huawei plans to make EV under its own brand and could launch some models this year, citing four insiders who know the matter directly. It says that Huawei is in talks with Changan Automobile and other… Continue reading China Tech Digest: Huawei Says It Won’t Make EVs, SenseTime Rumored To Seek A+H Listings
@VW Group: Volkswagen Group closes 2020 stronger than expected and accelerates transformation002497
The Volkswagen Group closed fiscal year 2020 stronger than expected despite the Covid-19 pandemic. Important strategic steps accelerated the Group’s transformation into a tech company at the same time. The Group’s effective crisis management, the rapid recovery of its largest single market China and particularly the more stable premium and financial services business were key… Continue reading @VW Group: Volkswagen Group closes 2020 stronger than expected and accelerates transformation002497
China guides its self-driving startups into the fast lane
HONG KONG/ PALO ALTO, U.S. — When AutoX said in December that it had become the first Chinese company to test fully self-driving vehicles on open roads in the country, the result took a back seat to the fact that the test took place at all. The boast of 4-year-old Auto X about its test… Continue reading China guides its self-driving startups into the fast lane
Advik Hi-Tech acquires Hanon Systems’ Bangalore unit
Advik Hi-Tech, a leading global automotive component manufacturer, today completed the acquisition of Hanon Bangalore Operations (Hanon Bangalore), from Hanon Systems, South Korea. This plant currently manufactures automotive water pumps and vacuum pumps for global vehicle manufacturers, with scope for expansion. Advik says the acquisition is a strategic fit as it accelerates Advik Hi-Tech’s global… Continue reading Advik Hi-Tech acquires Hanon Systems’ Bangalore unit