Tag: Nissan

@Renault: GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021000214

PRESS RELEASE #RenaultResults First quarter revenues supported by price discipline in a still disturbed environment due to the pandemic Group revenues reached €10 billion (-1.1%) in the first quarter of 2021. At constant exchange rates1, revenues would have been up 4.4%. Automotive excluding AVTOVAZ revenues were stable at €8.6 billion. The highlight of the quarter… Continue reading @Renault: GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021000214

Indonesian ride-hailing giant Gojek to completely switch to electric vehicles by 2030 …

Indonesian ride-hailing startup Gojek plans to make every car and motorcycle on its platform an electric vehicle (EV) by 2030 through partnerships with manufacturers and favourable leasing arrangements, co-Chief Executive Kevin Aluwi told Reuters. Gojek announced the plan on Friday under a zero-emission pledge laid out in its first annual sustainability report, which analysts widely… Continue reading Indonesian ride-hailing giant Gojek to completely switch to electric vehicles by 2030 …

Visteon Announces First-Quarter 2021 Results

• $746 million Q1 net sales; 14% increase Y/Y excluding currency • Net income of $16 million in Q1 or $0.56 per diluted share • Adjusted EBITDA of $64 million, 8.6% of sales • $1.8 billion in new business wins     — First microZone™ display award with large North American OEM     —… Continue reading Visteon Announces First-Quarter 2021 Results

IRP Systems announces $31M series C to further accelerate its Electric Vehicle (EV) powertrain offerings and expand its global reach

IRP Systems provides TrueDrive™, a revolutionary electric powertrain that enables high performance and efficiency while reducing the weight, size and overall cost of the powertrain in electric vehicles of all sizes. Using the company’s cutting-edge electric motors and controllers, electric vehicle manufacturers can eliminate the industry’s tradeoff between cost and performance. “The automotive industry is… Continue reading IRP Systems announces $31M series C to further accelerate its Electric Vehicle (EV) powertrain offerings and expand its global reach

Sports carmaker Lotus to ramp up production more than tenfold

The sports carmaker Lotus has unveiled plans to increase its output more than tenfold, in a boost to the UK’s post-Brexit automotive sector that will lead to new electric models being built in Norfolk. Lotus, majority-owned by China’s Geely since 2017, said it would ramp up production at sites including its Hethel plant, near Norwich,… Continue reading Sports carmaker Lotus to ramp up production more than tenfold

Mitsubishi cuts output by another 16,000 vehicles on chip crunch

TOKYO — Mitsubishi Motors will slash output by 16,000 units worldwide in May, the Japanese automaker said Friday, after a factory fire at key supplier Renesas Electronics squeezed the already tight global supply of automotive semiconductors. Mitsubishi will eliminate 11 shifts next month, mainly night hours, at its Mizushima plant in Japan, which produces kei minicars and the RVR sport utility vehicle. The… Continue reading Mitsubishi cuts output by another 16,000 vehicles on chip crunch

@Renault: GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021000210

PRESS RELEASE #RenaultResults First quarter revenues supported by price discipline in a still disturbed environment due to the pandemic Group revenues reached €10 billion (-1.1%) in the first quarter of 2021. At constant exchange rates1, revenues would have been up 4.4%. Automotive excluding AVTOVAZ revenues were stable at €8.6 billion. The highlight of the quarter… Continue reading @Renault: GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021000210

MG offers £750 discount for electric car converts

MG has launched a new campaign which it hopes will incentivise the uptake of electrified vehicles. Between now and 26 April, anyone who test drives the MG ZS EV, MG 5 EV or MG HS Plug-in Hybrid will get £750 off the price of those cars. MG’s latest deal is in addition to the government’s… Continue reading MG offers £750 discount for electric car converts

Renesas aided by 14,000 outside workers to restore fire-hit plant

TOKYO — According to cellphone location data analyzed by Nikkei, 14,000 people from among the Japanese company’s business partners and other organizations participated in the recovery of Renesas Electronics, which resumed semiconductor production on April 17 at its Naka plant in Ibaraki Prefecture. The plant had been partially shut down because of a fire. Nearly… Continue reading Renesas aided by 14,000 outside workers to restore fire-hit plant