DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCA) (FCHA.MI) (FCAU.N) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. “We’re not going to break up… Continue reading UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
Tag: Strategy
Fiat Chrysler boss says no plans to break up company
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit. Speaking at the Detroit auto show, Chief Executive Sergio… Continue reading Fiat Chrysler boss says no plans to break up company
Renault beats its third consecutive sales record
Renault and its Nissan and Mitsubishi partners will they be able to claim first step of the podium of automakers in 2017 ? It will be necessary to wait for the commercial results of the other actors, at the beginning of February, to know it, but the French manufacturer will in any case largely made… Continue reading Renault beats its third consecutive sales record
Faurecia and MAHLE to collaborate on technologies for thermal management of the Cockpit of the Future
Within the framework of this cooperation, Faurecia will bring its unique expertise as a full interior system integrator. MAHLE adds its holistic thermal expertise for passenger comfort and energy efficiency. The two companies have already identified several potential collaboration fields addressing topics such as air distribution, air conditioning integration solutions for electric vehicles and the… Continue reading Faurecia and MAHLE to collaborate on technologies for thermal management of the Cockpit of the Future
BMW Group Press Conference, North American International Auto Show, NAIAS Detroit 2018
And we expect more than 20% of US 5 Series sales in 2018 will be Plug-in-Electric Hybrids With increased customer demand for our electrified models, the US plays a vital role in our global electrification strategy. To keep the momentum going, the new and updated 2018 BMW i8 Coupe here on stage makes its World… Continue reading BMW Group Press Conference, North American International Auto Show, NAIAS Detroit 2018
Shell Acquires Interest in Silicon Ranch Corporation
NASHVILLE, Tenn., Jan. 15, 2018 /PRNewswire/ — Silicon Ranch Corporation, a leading U.S. developer, owner, and operator of solar energy plants, announced today that it has signed an agreement to make Shell its largest shareholder. As part of the agreement, Shell will acquire a 43.83% interest in Silicon Ranch from Partners Group, the global private markets… Continue reading Shell Acquires Interest in Silicon Ranch Corporation
BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends
Jan 15 (Reuters) – Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne told reporters in Detroit: * BELIEVES MAKES MORE SENSE TO USE CASH TO BUY BACK SHARES THAN TO PAY OUT DIVIDEND * WHEN ASKED ABOUT A POTENTIAL JEEP SPIN-OFF, SAYS SEPARATING BRANDS FROM THE GROUP IS A “COMPLEX MATTER”, WOULD NOT DISTANCE HIMSELF FROM… Continue reading BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends
Failed on ignition for the Kwid in Brazil
While Renault had high hopes for the launch of the Kwid in Latin America, the French manufacturer had some failures in ignition in Brazil. Sold in India for two years, this little car with very low costs had been launched in Brazil last September at a price of 30,000 to 40,000 reals (between 8,000 and… Continue reading Failed on ignition for the Kwid in Brazil
VW is planning a comeback with a new Jetta
China has given VW a record year, sales in the US are finally picking up again. The group wants to finally make the leap into the mass market – and announced billions of investments. VW North America boss Hinrick Woebcken (left in picture) and board member Herbert Diess in Detroit Monday, 15.01.2018 10:49 clock After… Continue reading VW is planning a comeback with a new Jetta
One year old Pony.ai raises $112 million Series A to build autonomous car future
No that’s not a typo. Yes, that is larger than the median IPO fundraise last year. But few problems are as daunting as trying to build a fully autonomous car, particularly without the large resources of technology giants like Google, Uber, or Baidu behind you. So for Pony.ai, which was founded a little more than… Continue reading One year old Pony.ai raises $112 million Series A to build autonomous car future