MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the absence of a merger. FILE PHOTO: FCA CEO Sergio Marchionne addresses the media during a… Continue reading Fiat Chrysler investors want electric road map in CEO’s swan song
Tag: Strategy
What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer
All articles and backgrounds 05/29/2018 What makes major shareholder Hastor? Chinese Ningbo Jifeng wants auto supplier Grammer entirely DPA Production of car seats at car supplier Grammer in Kümmersbruck (Bavaria) Automotive supplier Grammer is about to be taken over by Chinese major shareholder Ningbo Jifeng. The Chinese have now officially submitted an offer to Grammer… Continue reading What makes major shareholder Hastor ?: Chinese are officially reaching auto supplier Grammer
Daimler Reboots Smart Car’s Management for Electric-Only Future
LISTEN TO ARTICLE SHARE THIS ARTICLE Daimler AG is changing top management at the maker of the tiny Smart car, part of the latest plan to overhaul a brand that’s always been an awkward fit for the world’s largest maker of luxury vehicles. Prompted by a strategic shift to electric vehicles, Annette Winkler will step… Continue reading Daimler Reboots Smart Car’s Management for Electric-Only Future
Zipcar plans all-electric fleet of over 300 Volkswagens in London
Zipcar is rolling out a fleet of 300 Volkswagen e-Golf in London this year — in what the company is touted as the largest rollout of electric cars in a single English city. Details from the company are still sketchy, but Zipcar said that the first electric vehicles will be available over the summer, with… Continue reading Zipcar plans all-electric fleet of over 300 Volkswagens in London
Geely launches new energy strategy
Shanghai (Gasgoo)- China powerful automaker Geely launched the Baorui GE on May 28 in Ningbo Hangzhou Bay New Area. During the launching ceremony, Geely also launched its latest new energy strategy. It is revealed that the Baorui GE has a PHEV version and a MHEV version involving 8 variants with price range between RMB 136,800… Continue reading Geely launches new energy strategy
Nissan to cut North American output by 20 percent to shore up US profitability: Nikkei
(Reuters) – Nissan Motor Co Ltd (7201.T) is slashing vehicle production by as much as 20 percent in North America to cope with falling profitability in the United States, its biggest sales market, Japan’s Nikkei business daily reported on Monday. A car with the Nissan logo badge is seen on display at the North American… Continue reading Nissan to cut North American output by 20 percent to shore up US profitability: Nikkei
Acquisition: Chinese major shareholder reaches for Grammer
The automotive supplier has confirmed advanced negotiations with affiliated companies of the investor Ningbo Jifeng. The auto supplier Grammer may be close to one takeover by the Chinese major shareholder Ningbo Jifeng. The company confirmed advanced negotiations with affiliated companies of Ningbo Jifeng early this morning in Amberg, which could lead to a voluntary public… Continue reading Acquisition: Chinese major shareholder reaches for Grammer
News – The third EU Mobility Package: key takeaways from an automotive point of view
On 17 May, the European Commission presented a new Mobility Package entitled ‘Sustainable Mobility for Europe’ with which it seeks to promote safe, connected and clean mobility across the EU. This third and last Mobility Package by the Juncker Commission contains various legislative and non-legislative proposals that will affect the EU automobile industry. Message from… Continue reading News – The third EU Mobility Package: key takeaways from an automotive point of view
China’s Ningbo Jifeng Auto in talks to buy German partner Grammer in $872m deal
May 29, 2018 Ningbo Jifeng Auto Parts Co. affiliates are in talks to buy out partner Grammer AG in a possible deal that could value the German maker of vehicle seats at about 750 million euros ($872 million). The German company said in a stock exchange statement Tuesday that it had received an indicative proposal… Continue reading China’s Ningbo Jifeng Auto in talks to buy German partner Grammer in $872m deal
PSA Retail opens its first Opel dealership in Paris, France. A European expansion plan is in the pipeline
• Opel customers will now be served by a new dealership, located on Boulevard Lefebvre in the 15th arrondissement of Paris• Several other locations are scheduled to open in France by the end of 2018• A European expansion plan is currently in preparation A new Paris address serving Opel customers in the French capital PSA Retail is proud… Continue reading PSA Retail opens its first Opel dealership in Paris, France. A European expansion plan is in the pipeline