RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Carlos Tavares, Chairman of Groupe PSA (Paris:UG) Managing Board, and Opel CEO Michael Lohscheller had today fruitful discussions with Peter Altmaier, German Federal Minister of Economic Affairs and Energy and Hubertus Heil, German Federal Minister of Labor and Social Affairs. The dialogue was open and constructive expressing shared desire to work… Continue reading Groupe PSA: Press Release
Tag: Strategy
Tata Motors bets on turnaround plan to boost CV market share to 44% in FY18
In terms of market share, Tata Motors increased it to 43.95 per cent in FY18 from 42.79 per cent in FY17. NEW DELHI: Homegrown auto major Tata Motors saw its market share in commercial vehicles (CV) segment in the domestic market inch closer to 44 per cent in 2017-18 riding on its turnaround strategy which… Continue reading Tata Motors bets on turnaround plan to boost CV market share to 44% in FY18
Biting criticism of established car manufacturers: Ex-Opel boss Neumann goes to car startup Evolozcity
All articles and backgrounds 04/22/2018 Biting criticism of established car manufacturers Ex-Opel boss Neumann goes to car startup Evolozcity DPA Dominates the big stage: Karl-Thomas Neumann at the IAA 2013 with Chancellor Angela Merkel. There were many rumors about Karl-Thomas Neumann in recent months. Time should be the former boss of the automaker Opel take… Continue reading Biting criticism of established car manufacturers: Ex-Opel boss Neumann goes to car startup Evolozcity
Start-up for electric cars: Ex-Opel boss Neumann goes to California
Karl-Thomas Neumann After the sale to Peugeot Opel boss Karl-Thomas Neumann has left his post. Now he apparently has found a new job: Neumann moves to California to a start-up for electric cars, as the “Frankfurter Allgemeine Sonntagszeitung” reports. Accordingly, Neumann joins Evelozcity, which was founded by Stefan Krause, the former CFO of BMW and… Continue reading Start-up for electric cars: Ex-Opel boss Neumann goes to California
China-Backed SF Motors Debuts Electric SUVs As Rival Tesla Hits Rocky Patch
SF Motors will start taking orders for its SF5 SUV in late 2018, with initial deliveries to begin in 2019. Detailed pricing isn’t yet available. Surely it’s a coincidence that Silicon Valley-based Chinese EV maker SF Motors chose to unveil two elegant battery-powered crossovers just as Elon Musk tries to stem Tesla’s plunging stock price.… Continue reading China-Backed SF Motors Debuts Electric SUVs As Rival Tesla Hits Rocky Patch
Aston Martin’s e-Lagonda to challenge Rolls-Royce and Bentley “duopoly”
Andy Palmer: “In powertrain technology, we want to keep complete control over our V12 engine, and we want to keep control of the electrical motor because we think this is important going forward.” Andy Palmer, CEO of Aston Martin reveals how the British sports car maker aims to be the first luxury car maker to… Continue reading Aston Martin’s e-Lagonda to challenge Rolls-Royce and Bentley “duopoly”
Nissan to cut hundreds of jobs at Sunderland plant
Nissan Plummeting diesel sales deal another employment blow to the UK automotive industry Nissan would not confirm any job losses, although local reports suggested long-serving staff could be asked to take voluntary redundancy. Photograph: Christopher Furlong/Getty Images Nissan is to cut hundreds of jobs at its Sunderland plant, Britain’s biggest car factory, as plummeting diesel… Continue reading Nissan to cut hundreds of jobs at Sunderland plant
Antitrust chief calls Hyundai Motor’s governance restructuring ‘right direction’
SEOUL, April 20 (Yonhap) — The head of South Korea’s antitrust regulator said Friday that Hyundai Motor Group has taken a step in the right direction, citing its latest plan to streamline its complicated governance structure through business spinoffs and mergers. In a meeting with foreign correspondents in Seoul, Korea Fair Trade Commission Chairman Kim… Continue reading Antitrust chief calls Hyundai Motor’s governance restructuring ‘right direction’
General Motors Korea fails to reach wage deal, edging closer to bankruptcy filing
General Motors’ loss-making South Korean unit and its labour union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the unit. GM Korea held a board meeting on Friday evening to discuss filing for a court-led rehabilitation but it delayed a decision until… Continue reading General Motors Korea fails to reach wage deal, edging closer to bankruptcy filing
UPDATE 4-GM Korea delays vote on bankruptcy protection to Monday as talks fail
SEOUL (Reuters) – General Motors’ (GM.N) loss-making South Korean unit and its labor union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the unit. FILE PHOTO: An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon, South Korea… Continue reading UPDATE 4-GM Korea delays vote on bankruptcy protection to Monday as talks fail