SEAT continues to grow outside Europe. The company’s ambitious globalisation strategy is gaining new momentum with the final assembly of the Arona and the Leon in the plant owned by the Volkswagen Group and SOVAC, the Group’s importer in Algeria, in the city of Relizane, which is located 280 kilometres southwest of Algiers. Both models… Continue reading SEAT begins assembling the Arona and the Leon in Algeria to boost its globalisation strategy
Tag: Strategy
FAURECIA INVESTS IN SUBPAC TO ACCELERATE THE DEVELOPMENT OF AN IMMERSIVE SOUND EXPERIENCE
Faurecia announces today an investment in the startup SUBPAC, reinforcing the Group’s ecosystem dedicated to a personalized, versatile and connected Cockpit of the Future. Based in Silicon Valley, SUBPAC has developed a hardware and software technology platform that provides a deeply immersive and customized music and media experience by silently transferring low frequencies directly to… Continue reading FAURECIA INVESTS IN SUBPAC TO ACCELERATE THE DEVELOPMENT OF AN IMMERSIVE SOUND EXPERIENCE
BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin
Automaker BAIC Group today announced the completion of the critical construction and equipment installation milestones for Phase 1 of the historic R11billion investment which was announced in 2016. At a special milestone event hosted today (Tuesday, 24 July 2018), BAIC announced the completion of the semi-knocked-down (SKD) line and satisfactory progress on construction work streams of… Continue reading BAIC Group announces R11-billion SA plant set to go live in 2018 Q4 – Job boost for locals, vehicle production to begin
Multi-brand network Euro Repar Car Service launched in Morocco
• First Euro Repar Car Service opened in Casablanca1 on 18 July• Groupe PSA joins forces with its long-standing importer, Sopriam, to roll out its multi-brand repair network in the country• The network now includes 3,500 garages worldwide, and aims to expand to 10,000 locations at least by 2021 The opening was attended by Christophe Musy, Senior Vice… Continue reading Multi-brand network Euro Repar Car Service launched in Morocco
Groupe PSA finalizes the launch of FREE2MOVE Paris, a sustainable and high quality carsharing service for Parisians
Groupe PSA is finalizing the launch of a carsharing service providing mobility to Parisians. The objective is to launch this service operated under the Free2Move brand, by the last quarter of 2018. The fleet will initially include 500 Peugeot and Citroën electric vehicles. The challenge will be to offer the best customer experience thanks to… Continue reading Groupe PSA finalizes the launch of FREE2MOVE Paris, a sustainable and high quality carsharing service for Parisians
You’ll never guess what the new Ford Fusion looks like
2019 Ford Fusion sedan (Photo: Ford Motor Company) Ford plans to get rid of the traditional Fusion sedan in favor of a longer, taller and more brawny version. The new design, which has no scheduled release date, is intended to capture buyers who drive the Subaru Outback wagon and maybe even the BMW 5 Series… Continue reading You’ll never guess what the new Ford Fusion looks like
SoftBank-backed Mapbox targets ride-hailing, self-driving cars
July 20, 2018 Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was… Continue reading SoftBank-backed Mapbox targets ride-hailing, self-driving cars
Uber’s CEO Faces an Impossible Decision
Of all the management mistakes that led to Uber’s culture and business crisis, Travis Kalanick’s biggest mistake was that he kept a tight inner circle of executives, for whom bad behavior appeared to have no consequences. The most egregious example of this anything-goes leadership culture was in 2014, when Emil Michael, then Uber’s senior vice… Continue reading Uber’s CEO Faces an Impossible Decision
2018 HALF YEAR RESULTS
Faurecia announces a double-digit growth in sales** and operating income in the first half of 2018. Full year guidance is upgraded. in €m H1 2017* H1 2018 Change Sales 8,545.2 8,991.3 +10.9%** Operating income 582.7 647.2 +11.1% as % of sales 6.8% 7.2% +40bps Net income, Group share 310.4 342.0 +10.2% Net cash flow 210.5… Continue reading 2018 HALF YEAR RESULTS
Self-driving car startup Voyage brings on ex-Tesla, Cruise and Uber exec as CTO
Voyage, the autonomous driving startup that currently operates self-driving cars in retirement communities, has brought on its first CTO, Drew Gray. Gray most recently worked at Uber as its director of engineering, leading the deep learning and perception team in San Francisco, according to his LinkedIn. This comes shortly after the company poached Uber’s head… Continue reading Self-driving car startup Voyage brings on ex-Tesla, Cruise and Uber exec as CTO