The Volkswagen Group is forging ahead with the fundamental change of system in individual mobility and systematically aligning with electric drives. The Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned. As a result, the projected number of vehicles to be built… Continue reading Volkswagen plans 22 million electric vehicles in ten years
Tag: Strategy
Nissan, Renault break up almighty chairmanship in wake of Ghosn’s ouster
YOKOHAMA, Japan (Reuters) – Japan’s Nissan Motor and France’s Renault said they would retool the world’s top car-making alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship previously wielded by ousted boss Carlos Ghosn. Renault CEO Thierry Bollore, Renault Chairman Jean-Dominique Senard, Nissan CEO Hiroto Saikawa, Mitsubishi Motors Chairman and CEO… Continue reading Nissan, Renault break up almighty chairmanship in wake of Ghosn’s ouster
Mazda Appoints Masahiro Moro to Chairman and CEO of Mazda North American Operations; Welcomes Jeffrey Guyton as President
IRVINE, Calif., March 12, 2019 /PRNewswire/ — Mazda North American Operations (MNAO) today announced several enhancements to its leadership team. Effective April 1, Masahiro Moro, current President and CEO of MNAO, will be appointed to Chairman and CEO of MNAO. In Moro’s expanded role, he will oversee MNAO, Mazda Canada Inc. and Mazda Motor de… Continue reading Mazda Appoints Masahiro Moro to Chairman and CEO of Mazda North American Operations; Welcomes Jeffrey Guyton as President
After Ghosn, Nissan and Renault retool alliance as ‘equals’
YOKOHAMA, Japan (Reuters) – Japan’s Nissan Motor and France’s Renault on Tuesday retooled the board structure of the world’s largest car-making alliance, putting themselves as equals after the ouster of former boss Carlos Ghosn. Reporters take pictures as Renault Chairman Jean-Dominique Senard, Renault CEO Thierry Bollore, Nissan CEO Hiroto Saikawa, Mitsubishi Motors Chairman and CEO… Continue reading After Ghosn, Nissan and Renault retool alliance as ‘equals’
Careem and INSEAD sign MOU for academic research
Careem and INSEAD, have signed a memorandum of understanding that will see INSEAD students earning course credit for action learning projects with Careem. The company will propose problem-solving exercises to INSEAD students based on real-world issues that the tech company is currently addressing.
Faculty and PhD students at INSEAD will work on research to develop new insights into specific regional problems leveraging INSEAD academic expertise and scientific experience, and will present their findings via academic research publications.
At the signing, Careem’s Chief Experience Officer and co-founder Magnus Olsson explained that the partnership will not only give INSEAD faculty some rich, real-word data, with which to enhance their academic research, it will also help Careem improve the ways in which we operate.
Additionally, INSEAD professors will develop and teach case studies to students on how Careem operates. The business school has around 1000 MBA students per year and Careem..
Tesla issues $13.8M in stock to buy trailers in bid to improve electric vehicle deliveries
Tesla is using more than $13 million worth of stock to buy trucks and trailers that will transport its electric vehicles to customers, the latest effort by the automaker to improve its logistics and delivery services. Instead of using cash, Tesla issued $13.8 million in stock, a new securities filing posted Monday shows. Tesla used… Continue reading Tesla issues $13.8M in stock to buy trailers in bid to improve electric vehicle deliveries
Faurecia And Michelin To Create A Global Leader In Hydrogen Mobility
AUBURN HILLS, Mich., March 11, 2019 /PRNewswire/ — Michelin, world leader in tyres and sustainable mobility, and Faurecia, technology leader in the automotive industry, announced today the signature of a Memorandum of Understanding to create a joint venture bringing together all of Michelin’s fuel cell related activities – including its subsidiary Symbio – with those of… Continue reading Faurecia And Michelin To Create A Global Leader In Hydrogen Mobility
Carvana CEO says he wouldn’t bet against Tesla selling cars online
Carvana CEO Ernie Garcia: Building trust in the brand could be Tesla's key to selling cars online
1:51 PM ET Thu, 7 March 2019 | 04:26
The head of a rising online used car business said Tesla's decision to take all sales onto the internet may be a much better bet than some skeptics think.
“I think every business has its challenges, but they've done a pretty good job overall, I wouldn't be betting against them,” Carvana CEO Ernie Garcia, said Thursday on CNBC's Squawk Alley. “I think when you buy a new car, questions are different, but the return policy is enormously powerful like it is on the used side. A customer knows they can return it.”
Tesla shares were up more than 1 percent Thursday.
Tesla's shift to online sales has garnered mixed reviews from some investors, with some saying the move could substantially reduce costs by eliminating stores, but also worrying that Tesla is losing a valuable sales strategy.
“The move to direct sales is bold, though we are comforted that 70%+ of Tesla buyers in 2018 did *not* test drive prior to purchase,” Bernstein analyst Toni Sacconaghi wrote in a research note shortly after Tesla's announcement a week ago. “That said,” he added, “we do believe that salespeople have been important in up-selling Tesla customers, as well as selling Tesla solar products.”
The move will result in the closure of most of Tesla's stores and layoffs. At least one employee said they are still in the dark over Tesla's plans.
The electric car maker has long been waging battles in a number of states to allow Tesla vehicle sales. Several states have laws banning the direct sales of vehicles by automakers. The laws are vestiges of an earlier era, when dealers wanted to be protected from automakers competing directly with them.
Garcia said he is not worried too much about direct competition from Tesla, since Carvana focuses on used cars. But he said the company can bring more customers to online car sales overall.
“Tesla has an incredible megaphone,” he said.
A Milestone in Moving Data
By Navin Shenoy As part of my job leading the data-centric groups at Intel, I regularly meet with customers from across many different industries. They all face unique business challenges, but they have one thing in common: the need to get more value out of enormous amounts of data. To address this, Intel together with… Continue reading A Milestone in Moving Data
Nissan: Nissan LEAF first electric car to pass 400,000 sales
Best-selling electric vehicle of all time will go on sale in more than a dozen new markets this year YOKOHAMA, Japan – The Nissan LEAF today became the first electric car in history to surpass 400,000 sales, solidifying the model’s leading role in the global shift toward more sustainable mobility. Introduced in 2010 as the… Continue reading Nissan: Nissan LEAF first electric car to pass 400,000 sales