Tag: Strategy

2017 UK car manufacturing declines by -3% but still second biggest output since turn of the century

1.67m cars built in the UK in 2017, a decline of -3.0% with production for domestic demand down -9.8%. Car exports remain at historically high level, down just -1.1% with 1.34m shipped worldwide – 79.9% of total production. British engine manufacturing at record-ever levels, with 2.72m produced, up 6.9% on 2016. SMMT restates need for… Continue reading 2017 UK car manufacturing declines by -3% but still second biggest output since turn of the century

CEO of Ford’s China operation resigns

Jason Luo (Photo: Ford Motor Company) The chairman and CEO of Ford Motor Co.’s Chinese operations resigned Monday, less than six months after taking over there. Jason Luo resigned for unspecified “personal reasons that predate his time at Ford,” according to Peter Fleet, Ford’s president of the Asia Pacific region. Fleet will take on Luo’s… Continue reading CEO of Ford’s China operation resigns

Electric Vehicle Manufacturer XPENG Motors kicks off RMB 2.2 Billion of Series B Capital Funding with Alibaba, Foxconn and IDG Capital, as Joint-Major Investors

HONG KONG, Jan. 29, 2018 /PRNewswire/ — XPENG Motors on Monday announced at a Hong Kong press conference the kick-off of its Series B capital funding of  RMB 2.2 billion, with Alibaba Group, Foxconn and IDG Capital as three  major investors. That will bring the total raised by XPENG Motors in capital market to over… Continue reading Electric Vehicle Manufacturer XPENG Motors kicks off RMB 2.2 Billion of Series B Capital Funding with Alibaba, Foxconn and IDG Capital, as Joint-Major Investors

Gérard Détourbet Is Renault’s Master of Cutting Corners

Six years ago, after more than four decades with Renault SA, Gérard Détourbet decided he was done. He was in Chennai, leading a group of engineers from Renault and its strategic partner, Nissan Motor Co., in an attempt to create a low-cost vehicle for the Indian market, when some of his employees left his team… Continue reading Gérard Détourbet Is Renault’s Master of Cutting Corners

Ford China CEO shocks investors with resignation; company officials focus on future

CLOSE We sit down with Jim Hackett, Ford Motor Company’s new CEO, to talk about his new position and the company’s future. Kimberly P. Mitchell/Detroit Free Press Ford China CEO and chairman Jason Luo, who began his job just a few months ago, has resigned. (Photo: Key Safety Systems) Ford China CEO and chairman Jason… Continue reading Ford China CEO shocks investors with resignation; company officials focus on future

Engine production at Nissan’s Resende plant in Brazil reaches 200,000

This milestone shows that the Resende plant is helping Nissan grow in Latin America RESENDE, Brazil – A major milestone was achieved this week by Nissan’s Resende Industrial Complex, in Rio de Janeiro State in Brazil. Less than four years since start of operations, Nissan’s plant in Brazil has produced its 200,000th engine – a… Continue reading Engine production at Nissan’s Resende plant in Brazil reaches 200,000

Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business

PLYMOUTH, Mich., Jan. 29, 2018 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, today announced first quarter earnings. Q1 GAAP net income and EPS diluted of $(216) million and $(2.32), respectively; Q1 adjusted-EPS diluted of $1.06 Q1 Adjusted-EBIT of $163 million (margin of 3.9%) Cash and cash equivalents of $390 million at December… Continue reading Adient’s Q1 results impacted by headwinds in Seat Structures & Mechanisms (SS&M) business

At a glance: Electric initiative at Mercedes-Benz Cars

Video-Link: https://youtu.be/AiplVDi1_nM [embedded content] In 2017, Mercedes-Benz Cars set important strategic course for electromobility: Electric hubs for the production of electric vehicles and batteries are currently being built around the globe. By 2022, Daimler will electrify the entire portfolio of Mercedes-Benz, offering customers at least one electrified alternative in all Mercedes-model series. The company is… Continue reading At a glance: Electric initiative at Mercedes-Benz Cars

MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS

SAILAUF, Germany, Jan., 29th 2018 Stricter emission legislation has become one of the major challenges for global car manufacturers. To help achieve these emission goals and to improve the dynamic driving experience, Magna will support the BMW Group´s large-volume transverse vehicle platform (UKL) with its third generation dual-clutch transmissions (DCT), the GETRAG 7DCT300. BMW Group´s… Continue reading MAGNA DUAL-CLUTCH TRANSMISSION HELPS LOWER EMISSIONS AND IMPROVE DRIVING DYNAMICS