Extended model range, extensive equipment Stuttgart. Mercedes-EQ is expanding the model range of its successful electric SUV: the EQC 400 4MATIC (combined power consumption: 21.5 kWh/100 km, combined CO2 emissions: 0 g/km[1]) is now available as a base model which is identically configured throughout Europe and therefore especially attractively priced from €66,068.80[2]. The new EQC… Continue reading @Daimler: The EQC now even more attractive: new base model, new sports version
Tag: Strategy
@Mitsubishi: MITSUBISHI MOTORS Launches the Refreshed PAJERO SPORT in Indonesia
TOKYO, Feb 17, 2021 – (JCN Newswire) – MITSUBISHI MOTORS CORPORATION (MMC) continues to expand its product portfolio by launching the refreshed PAJERO SPORT1 mid-size SUV in Indonesia. Inheriting the PAJERO series’ off-road capability, reliability and durability, the PAJERO SPORT fuses elegance and comfort. The latest model is designed with a more refined, powerful exterior… Continue reading @Mitsubishi: MITSUBISHI MOTORS Launches the Refreshed PAJERO SPORT in Indonesia
Martinrea International Inc. Announces Additional Strategic Investment in NanoXplore Inc. and Filing of Early Warning Report
TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX: MRE) (“Martinrea” or the “Company”) announced today it filed an early warning report in connection with the acquisition by Martinrea pursuant to a private purchase agreement of an aggregate of 1,000,000 common shares of NanoXplore Inc. (“NanoXplore”) for an aggregate purchase price of $4,000,000… Continue reading Martinrea International Inc. Announces Additional Strategic Investment in NanoXplore Inc. and Filing of Early Warning Report
REE Automotive to set up engineering centre at UK’s MIRA Technology Park
Israel-based REE Automotive, which recently announced its merger with 10X Capital Venture Acquisition to go public, has announced setting up of a new state-of-the-art Engineering Centre of Excellence in MIRA Technology Park in the UK. The new centre will expedite REE’s strategic plans to meet anticipated global demand for its REEcorner and electric vehicle (EV)… Continue reading REE Automotive to set up engineering centre at UK’s MIRA Technology Park
SMMT statement on the future strategy of UK’s largest automotive business
15 February 2021 #SMMT News SMMT statement on the future strategy of UK’s largest automotive business Mike Hawes, SMMT Chief Executive, said, The news today that the UK’s largest automotive business has confirmed its long-term commitment to the UK is very welcome and is an injection of confidence into the wider sector. Its roadmap to… Continue reading SMMT statement on the future strategy of UK’s largest automotive business
Financial information for the year ended December 31, 2020
Financial information for the year ended December 31, 2020 In 2020, the Group focused sharply on protecting its employees and maintaining business continuity, while supporting its host communities. With the steep drop in markets over the year, SOI* came to €1,878 million, a 37% decline that reflected: the Covid-19 crisis, which led to a €1,703 million decrease… Continue reading Financial information for the year ended December 31, 2020
Jaguar Land Rover to test fuel cell powertrains within the year
Jaguar Land Rover (JLR) has confirmed that fuel cell powertrain development forms a core part of its bold new ‘Reimagine’ transformation strategy, and will begin road testing prototypes within the next 12 months. Last year, the company detailed its Project Zeus initiative: a serious hydrogen power research project with the aim of developing fuel cell-powered versions… Continue reading Jaguar Land Rover to test fuel cell powertrains within the year
Electric Jaguar XJ scrapped as part of brand reinvention plan
The long-awaited electric replacement for the Jaguar XJ has been written out of the company’s long-term strategy as it looks to transition to an electric-only luxury brand from 2025. According to Jaguar Land Rover’s bold new Reimagine plan to transform the company’s fortunes, Jaguar will undergo “a renaissance to emerge as a pure-electric luxury brand with a dramatically… Continue reading Electric Jaguar XJ scrapped as part of brand reinvention plan
German Handelsblatt: New CO2 model: Volkswagen increases prices – except for electric cars001304
Volkswagen logistics car park The next price increase at the Wolfsburg-based car manufacturer is due at the beginning of March. (Photo: dpa) Düsseldorf The January result was miserable: the Volkswagen Passenger Cars brand sold just 34,000 cars in Germany in January, a decrease of 30 percent compared to the same month last year. Nevertheless, the… Continue reading German Handelsblatt: New CO2 model: Volkswagen increases prices – except for electric cars001304
BorgWarner Agrees to Acquire AKASOL AG, Seeking to Expand Electrification Portfolio
AUBURN HILLS, Mich. and DARMSTADT, Germany, Feb. 15, 2021 /PRNewswire/ — BorgWarner Inc. (NYSE: BWA) and AKASOL AG (ETR: ASL) today announced that they have signed a Business Combination Agreement (“BCA”) to position BorgWarner to significantly expand its commercial vehicle electrification capabilities. As part of the agreement, a wholly-owned subsidiary of BorgWarner will launch a… Continue reading BorgWarner Agrees to Acquire AKASOL AG, Seeking to Expand Electrification Portfolio