NEW YORK/WASHINGTON — Japanese and European automakers have cried foul over Washington’s plans to subsidize electric vehicles made by union labor, declaring that the treatment would amount to a two-tiered system favoring a select group of manufacturers. The Biden administration and Democratic lawmakers look to finalize a scheme that would grant a $4,500 tax credit… Continue reading Biden’s EV subsidy plan draws ire of Japan and European automakers
Tag: FCA
Waymo self-driving vehicles will begin mapping NYC’s streets
Waymo’s self-driving cars will make an appearance in New York City on Thursday, but don’t expect to hail a robotaxi in the Big Apple anytime soon — or ever. The company is a long way from testing or launching its autonomous vehicles commercially in the city. Instead, Waymo announced plans to manually drive its vehicles… Continue reading Waymo self-driving vehicles will begin mapping NYC’s streets
@Ferrari: Ferrari, Double Digit Growth, on the Way to Another Record Year000172
Total shipments of 2,750 units, up 18.9% versus Q3 2020 and 11.2% versus Q3 2019 Net revenues of Euro 1,053 million, up 18.6% versus prior year and up 15.1% versus Q3 2019 EBITDA(1) of Euro 371 million, up 12.4% versus prior year and up 19.6% versus Q3 2019.EBITDA(1) margin of 35.2% in Q3 2021. EBIT… Continue reading @Ferrari: Ferrari, Double Digit Growth, on the Way to Another Record Year000172
@Ferrari: Double digit growth, on the way to another record year000172
Benedetto Vigna, CEO of Ferrari, commented: “The strong third quarter results are an important step forward towards the upward revised 2021 guidance. The exceptional client relationships, fundamental in achieving the double digit growth in this quarter and year to date, are reflected in the record order intake worldwide, particularly in China and USA. These results… Continue reading @Ferrari: Double digit growth, on the way to another record year000172
Ferrari, Double Digit Growth, on the Way to Another Record Year
Total shipments of 2,750 units, up 18.9% versus Q3 2020 and 11.2% versus Q3 2019 Net revenues of Euro 1,053 million, up 18.6% versus prior year and up 15.1% versus Q3 2019 EBITDA(1) of Euro 371 million, up 12.4% versus prior year and up 19.6% versus Q3 2019.EBITDA(1) margin of 35.2% in Q3 2021. EBIT… Continue reading Ferrari, Double Digit Growth, on the Way to Another Record Year
Change SuiteStellantis offers early retirement program to eligible U.S. employees1:28 AM UTC
A Stellantis sign is seen outside the company’s headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Nov 1 (Reuters) – Stellantis NV (STLA.MI), the world’s fourth-largest automaker, is offering voluntary retirement program to pension-eligible employees in the United States, the company said late Monday. The Netherlands-based firm said the early retirement… Continue reading Change SuiteStellantis offers early retirement program to eligible U.S. employees1:28 AM UTC
Autos & TransportationEV startup Rivian could be worth nearly as much as Honda in U.S. IPO10:23 PM UTC
Nov 1 (Reuters) – Rivian Automotive Inc, which is backed by Amazon.com Inc (AMZN.O), is targeting a valuation of more than $53 billion for its U.S. debut, making the electric vehicle manufacturer potentially almost as valuable as rival Honda Motor (7267.T). The startup is looking to raise up to $8.4 billion, setting it up to… Continue reading Autos & TransportationEV startup Rivian could be worth nearly as much as Honda in U.S. IPO10:23 PM UTC
Apple is bringing car crash detection to the iPhone, says the Wall Street Journal
Apple is reportedly working on a new iPhone and Apple Watch feature that detects if you’re in a car crash and dials 911 automatically. The current plan is to roll out such a feature next year, according to The Wall Street Journal. Google’s Personal Safety app on Pixel phones already includes a feature to call… Continue reading Apple is bringing car crash detection to the iPhone, says the Wall Street Journal
@FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group
November 1, 2021 , AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) is pleased to announce completion of the acquisition of F1 Holdings Corp., parent company to First Investors Financial Services Group (“First Investors”), from an investor group led by Gallatin Point Capital LLC. The acquisition, previously announced on September 1, 2021,… Continue reading @FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group
Stellantis’ Carlos Tavares, Hyundai’s Jose Muñoz set example in recruiting diverse high-level leaders – Automotive News
Yes, they have names that sound to American ears like members of minority groups. But Muñoz is from Spain, Tavares from Portugal: They were born into the established, dominant male group in their respective Iberian nations. Muñoz is global COO for Korean automaker Hyundai Motor Co. and CEO of Hyundai Motor North America. It’s in… Continue reading Stellantis’ Carlos Tavares, Hyundai’s Jose Muñoz set example in recruiting diverse high-level leaders – Automotive News