SEOUL (Reuters) – Only weeks into a new job heading General Motors Co’s international operations, Barry Engle flew into a frigid South Korea in January and held a series of meetings with government officials to discuss the future of GM’s loss-making local unit. In what they thought were meet-and-greet introductions, senior officials agreed to work… Continue reading Lost in translation? GM plant shutdown shocks South Korea
Tag: Strategy
Mahindra & Mahindra to take 16 percent stake in Zoomcar
In November 2017, Mahindra Electric and Zoomcar launched 20 Mahindra e20 PLus EVs for hire by residents and visitors in Mysore. Mahindra & Mahindra (M&M) has announced that it is to invest in Zoomcar India and in Zoomcar Inc, its US incorporated holding parent company, in line with the automaker’s thrust on the shared mobility… Continue reading Mahindra & Mahindra to take 16 percent stake in Zoomcar
Ford overhauls China operations: ‘Bear with us’
Peter Fleet, then the Vice President, Marketing, Sales and Service, Asia Pacific, Ford Motor Company, announces in April 2017 that the Ford Ranger midsize pickup will be available to Chinese customers in 2018. (Photo: Ford Motor Company) Ford Motor Co. is resetting its China operations, moving some workers back to the U.S. and hiring Chinese… Continue reading Ford overhauls China operations: ‘Bear with us’
Faurecia to Build New $60 Million Manufacturing Facility in Kansas City Metro
BLUE SPRINGS, Mo., Feb. 15, 2018 /PRNewswire-USNewswire/ — The Kansas City Area Development Council announced today that Faurecia, a leading automotive technology company, will build a new $60 million, 250,000-square-foot interiors production facility in Blue Springs, Missouri, part of the Kansas City area. The company, a global leader in developing automotive seating, interior systems and… Continue reading Faurecia to Build New $60 Million Manufacturing Facility in Kansas City Metro
Renault Board of Directors proposes appointment of Messrs. Pierre Fleuriot and Thierry Derez as New Independent Directors
On the proposal of the Appointment and Governance Committee, the Board of Directors of Renault proposed at its meeting held on February 15, 2017, the appointment of Messrs. Pierre Fleuriot and Thierry Derez as new independent directors, as successors to Messrs. Marc Ladreit de Lacharrière et Thierry Desmarest, and the renewal of the directorship of… Continue reading Renault Board of Directors proposes appointment of Messrs. Pierre Fleuriot and Thierry Derez as New Independent Directors
Communication from the board of directors following the meeting of February 15, 2018
The Groupe Renault Board of Directors, acting upon the recommendation of the Appointments and Governance Committee, has proposed the renewal of Mr. Carlos Ghosn’s position as Director. This recommendation will be submitted at the Renault annual shareholders’ meeting to be held on June 15, 2018.
EVgo, Chargepoint annual reports show growth in electric-car charging
Follow John 2017 Chevrolet Bolt EV electric car at EVgo fast-charging station, Newport Centre, Jersey City, NJ Enlarge Photo Seven years and almost 800,000 cars after the first modern electric cars went on sale, there’s still a lot wrong with the national charging infrastructure in the U.S. There’s little central planning, little standardized signage or… Continue reading EVgo, Chargepoint annual reports show growth in electric-car charging
Opel Vauxhall Finance launches a strategic plan to support Opel/Vauxhall sales growth
• Opel Vauxhall Finance launches its strategic plan, 100 days after its acquisition through BNP Paribas and Groupe PSA• All initiatives are dedicated to support Opel/Vauxhall’s profitable growth• The aim is to finance every third Opel vehicle by 2020• The company will leverage competitive costs of funding and expertise of its shareholders BNP Paribas Personal… Continue reading Opel Vauxhall Finance launches a strategic plan to support Opel/Vauxhall sales growth
Honeywell Announces Darius Adamczyk To Assume Chairman Title In April 2018; Names Duncan B. Angove To Board Of Directors
— Board of Directors nominates Adamczyk to serve as both Chairman and CEO beginning after Honeywell’s Annual Shareowners Meeting on April 23– Single leader will help Honeywell navigate a period of significant portfolio change and drive a strategic shift toward becoming a software-industrial leader– Angove, who is President of Infor Inc. with more than two… Continue reading Honeywell Announces Darius Adamczyk To Assume Chairman Title In April 2018; Names Duncan B. Angove To Board Of Directors
Mercedes-Benz at the Mobile World Congress 2018: Focus on artificial intelligence
Stuttgart. At the Mobile World Congress in Barcelona (MWC; 26 February to 1 March) Mercedes-Benz is presenting innovations and initiatives from a variety of fields as part of its overarching digitisation strategy. The press conference is to be held on 26 February from 11 a.m. to 11.20 a.m. at the Mercedes-Benz stand in Hall 6. The focus here is on systems… Continue reading Mercedes-Benz at the Mobile World Congress 2018: Focus on artificial intelligence