Renault on Wednesday confirmed a report that its joint venture with Chinese carmaker Brilliance Auto Group had run out of cash and is heading for a restructuring. “In light of (the JV‘s) inability to meet its current financial obligations, the company’s board of directors has resolved to initiate a restructuring process,” a spokesperson said. A source in September told Reuters Renault was in… Continue reading Renault’s China JV with Brilliance heading into restructuring
Tag: Geely
Lotus ends production of Elise, Exige and Evora
Lotus has ended production for all three of its stalwart models, with the final Elise, Exige and Evora models rolling off the production line ahead of the launch of the new Emira-led era. Combined, Lotus has produced 51,738 units of the three models, which amounts to nearly half of the firm’s total production over its… Continue reading Lotus ends production of Elise, Exige and Evora
“Netflix for Cars” – a Primer on Car Subscription Services
Clear differentiators between car rentals, car subscriptions, and car sharing are disappearing. We previously explored the opportunity for car rental companies to make a small pivot to embrace carsharing; in the article below we explore the current state and opportunities in the growing market of car subscription services. The Current State of the Car Subscription… Continue reading “Netflix for Cars” – a Primer on Car Subscription Services
DFDS extends its record order with another 25 electric trucks from Volvo
GÖTEBORG, Sweden, Dec. 22, 2021 /PRNewswire/ — Volvo Trucks has received an order for an additional 25 heavy electric trucks from DFDS, Northern Europe’s largest shipping and logistics company. The new vehicles are on top of the record order of 100 Volvo FM electric trucks that was made in October, adding up to a total of… Continue reading DFDS extends its record order with another 25 electric trucks from Volvo
Chinese self-driving startup Haomo.AI entres unicorn club after $157m Series A round …
Beijing-based autonomous driving startup Haomo.AI has raised nearly 1 billion yuan ($156.9 million) in a Series A round of financing to reach a unicorn status with a valuation of over $1 billion, the startup announced on Wednesday. Hillhouse Capital’s early-stage investment unit GL Ventures, food delivery giant Meituan, Qualcomm’s venture capital (VC) arm Qualcomm Ventures,… Continue reading Chinese self-driving startup Haomo.AI entres unicorn club after $157m Series A round …
The road to hands-free: automated driving trends for 2022
As the automotive industry’s quest for autonomous cars continues, we consider the major developments expected to emerge in 2022. After two years of industry-wide disruption, OEMs are hoping for some better news. As we head into January to navigate and adapt to an ever-changing COVID world, we’ve put together a few predictions that seem safe… Continue reading The road to hands-free: automated driving trends for 2022
Harry Domash, Online Investing | Electric vehicles could give jolt to these ETFs – Santa Cruz Sentinel
Next year, we’ll see all-electric vehicles (EVs) introduced by established brands such as Audi, BMW, Cadillac, Ford, Hyundai, Jaguar, Kia, Mercedes-Benz, Porsche, Volvo and Subaru, as well as from new brands including Bollinger Motors, Canoo Lifestyle, Fisker and Lucid Group. One major advantage of EVs compared with conventional cars and trucks is that they produce… Continue reading Harry Domash, Online Investing | Electric vehicles could give jolt to these ETFs – Santa Cruz Sentinel
EXCLUSIVE Geely, Renault to soon announce hybrid-focused auto JV for Asia – sources
Geely to possibly gain manufacturing foothold in S.Korea-sources Geely looking to use deal to export duty-free to U.S. -sources Deal will help Renault restart operations in China Deal will help create new hybrid-focused Renault brand BEIJING, Dec 21 (Reuters) – Geely Holding and France’s Renault are likely to soon announce a deal to jointly produce… Continue reading EXCLUSIVE Geely, Renault to soon announce hybrid-focused auto JV for Asia – sources
Göran Nyberg to Lead Commercial Operations at Navistar
“Both Friedrich Baumann and Göran Nyberg are proven commercial vehicle experts with extensive experience and a clear understanding of customer needs in the transport industry,” said Christian Levin, CEO of TRATON SE. “The change in personnel means that our international group of strong commercial vehicle brands is growing ever closer together. MAN, Navistar and thus… Continue reading Göran Nyberg to Lead Commercial Operations at Navistar
@Geely: Mon 20 Dec 2021Lotus Engineering consultancy wins ‘Dynamics Team of the Year’ in prestigious Vehicle Dynamics International Awards 2021Lotus Engineeri…
Fitting tribute to high-profile year that includes development and commercialisation of four new dedicated Lotus vehicle architectures Judges full of praise for broad range of innovation including work on next-generation electric vehicles Consultancy division of Group Lotus also successfully collaborated on Extreme E and Olympic track bike during 2021 2022 set to be another pivotal… Continue reading @Geely: Mon 20 Dec 2021Lotus Engineering consultancy wins ‘Dynamics Team of the Year’ in prestigious Vehicle Dynamics International Awards 2021Lotus Engineeri…