Stuttgart, Germany – Daimler completed the financial year of 2020 in a challenging environment with a very strong fourth quarter, in particular with regard to Industrial Free Cash Flow. All divisions contributed to this success. Mercedes-Benz Cars and Vans exceeded key financial metrics of the financial year 2019. Industrial Free Cash Flow, Daimler Group EBIT,… Continue reading @Daimler: Preliminary results for the financial year 2020 significantly above guidance and market expectations
Tag: Strategy
New electric truck maker to finish first prototypes in March
Lordstown, Ohio – A fledgling electric vehicle maker in Ohio expects to complete the prototypes of its new pickup truck in March and remains on target to start full production in the fall, the company said Thursday. Lordstown Motors Corp. said it already has begun metal stamping and welding for the Endurance All-Electric Pickup Truck… Continue reading New electric truck maker to finish first prototypes in March
@BMW: BMW i Ventures Invests in Inventory Optimization Software Company Verusen to Fuel Intelligent, Connected Supply Chains.000874
Mountain View, CA – January 28, 2021… BMW i Ventures announced today an investment in the Series A financing of Verusen, which provides an AI-driven inventory optimization solution to fuel the intelligent, connected supply chain. The funds will be used to support the company’s seven-fold sales growth in 2020, including its global expansion and scaled… Continue reading @BMW: BMW i Ventures Invests in Inventory Optimization Software Company Verusen to Fuel Intelligent, Connected Supply Chains.000874
Japan’s Renesas moves more automotive chip production in-house
TOKYO — Japan’s Renesas Electronics is fabricating more of its automotive semiconductors in-house as contract manufacturers are swamped with orders, Nikkei learned Thursday. The switch primarily affects 40-nanometer microcontrollers, as Renesas appears to have lifted the ratio of in-house fabrication for that item. The company did not disclose the scale of the shift. Much of… Continue reading Japan’s Renesas moves more automotive chip production in-house
Valmet Automotive signs second customer deal for Uusikaupunki battery plant
Valmet Automotive has signed a second battery manufacturing contract with a major automotive OEM for the Uusikaupunki, Finland battery plant. The construction work at the Uusikaupunki battery plant site is proceeding as planned, with the production launch scheduled for the latter half of 2021. Production operator recruitments will start during spring this year. The new… Continue reading Valmet Automotive signs second customer deal for Uusikaupunki battery plant
Subcompact Renault Kiger unveiled in India, launch in Q1
Renault India today took wraps off its Renault Kiger compact SUV. The car was unveiled to the global audience in an event in New Delhi. The Renault Kiger which was first showcased as a Concept car at the Auto Expo 2020, is based on Renault-Nissan’s compact modular frame (CMF-A) platform which also underpins the recently… Continue reading Subcompact Renault Kiger unveiled in India, launch in Q1
@Geely: Thu 28 Jan 2021Matt Windle appointed MD Lotus CarsFollowing the news today that Phil Popham is to step down from his position at Lotus, the company co…
(Hethel, UK – 28 January 2021) – Following the news today that Phil Popham is to step down from his position at Lotus, the company confirms that Matt Windle, Executive Director, Engineering, is the newly appointed Managing Director, Lotus Cars. Welcoming Matt into his new role, Phil Popham said: “Matt is an excellent fit for… Continue reading @Geely: Thu 28 Jan 2021Matt Windle appointed MD Lotus CarsFollowing the news today that Phil Popham is to step down from his position at Lotus, the company co…
Britishvolt Appoints Timon Orlob As Chief Operating Officer
LONDON, Jan. 28, 2021 /PRNewswire/ — Britishvolt, the UK’s foremost investor in battery technologies, has further strengthened its leadership team with the appointment of Timon Orlob as Chief Operating Officer, effective 1 February 2021. Reporting directly to CEO, Orral Nadjari, Orlob will be responsible for delivering the skills and systems required for Britishvolt to construct… Continue reading Britishvolt Appoints Timon Orlob As Chief Operating Officer
@Ford: Ford to Manufacture Mustang Mach-E in China for Local Customers
All-new all-electric Mustang Mach-E will be manufactured by Changan Ford for customers in China Supporting firmware over-the-air updates, Mustang Mach-E will be equipped with Ford Co-Pilot360™ advanced driver-assist technologies and SYNC+ intelligent infotainment system Over-600km1 estimated range offers thrill of a Mustang with confidence in driving an electric vehicle SHANGHAI, Jan. 28, 2021 – Ford… Continue reading @Ford: Ford to Manufacture Mustang Mach-E in China for Local Customers
@BMW: Ad-hoc announcement: BMW AG Preliminary Automotive Free Cash Flow for the fourth quarter and the full year 2020 above market expectations000872
Munich. The BMW AG’s preliminary Automotive segment Free Cash Flow for the fourth quarter 2020 is around € 2.8 billion (Q4 2019: € 1.5 billion), leading to around € 3.4 billion (2019: € 2.6 billion) for the full year 2020 and thus exceeds current market expectations. The better than expected Free Cash Flow development of the… Continue reading @BMW: Ad-hoc announcement: BMW AG Preliminary Automotive Free Cash Flow for the fourth quarter and the full year 2020 above market expectations000872