Tag: Strategy

Nissan to show three electric vehicles at Auto China 2018

New model to be displayed alongside Nissan LEAF and IMx KURO, highlighting commitment to electrification BEIJING (April 9, 2018) – Nissan will show three electric vehicles at Auto China 2018, as part of a lineup that offers an exciting glimpse of the future and shows the company’s strength and depth in the highly competitive and… Continue reading Nissan to show three electric vehicles at Auto China 2018

Aston Martin lines up banks to steer £4bn stock market float

The British luxury car-maker Aston Martin is lining up a trio of banks to lead a prospective £4bn stock market listing that could take place within months. Sky News has learnt that the manufacturer of James Bond’s vehicle of choice is close to hiring Deutsche Bank, Goldman Sachs and JPMorgan as the global co-ordinators for… Continue reading Aston Martin lines up banks to steer £4bn stock market float

Electric transporter: Deutsche Post checks the IPO of the street scooter division

Electric vans of the German Post The logistics giant is considering an IPO for the electromobility division. (Photo: AP) The German postal service checks a report by the news agency Bloomberg According to strategic options for her Electric delivery truck Streetscooter. Considered also an external investor, who is to help with the expansion of the… Continue reading Electric transporter: Deutsche Post checks the IPO of the street scooter division

Ford wins approval for German banking licence

LONDON (Reuters) – Ford (F.N) said it had won approval from the European Central Bank for its application to set up a bank in Germany as part of its strategy to mitigate any risk from Britain leaving the European Union. “The European Central Bank has approved Ford Credit Europe (FCE) Bank’s application for a banking… Continue reading Ford wins approval for German banking licence

Daimler eyes 9% return on sales across global markets

“Our passion to create better future is part of our DNA. We know this is a very ambitious goal. But that’s exactly what our founding fathers did. And it’s time to do it again.” New Delhi: German vehicle manufacturer Daimler is aiming to achieve a sustainable return on sales of 9 per cent in its… Continue reading Daimler eyes 9% return on sales across global markets

Diesel collapse gives carmakers carbon headache

Volkswagen’s I.D. Crozz, I.D. Vizzion and I.D. Buzz model cars at the 88th International Motor Show at Palexpo in Geneva, Switzerland. Photo: Denis Balibouse/Reuters The accelerating demise of diesel, long used by carmakers to boost fuel-efficiency, is undermining their plans to meet looming European Union CO2 goals and avoid big annual fines. Executives gathered at… Continue reading Diesel collapse gives carmakers carbon headache

Mahindra enters into Joint Venture with Ideal Motors for vehicle assembly in Sri Lanka

Mahindra enters into Joint Venture with Ideal Motors for vehicle assembly in Sri Lanka – Mahindra to take 35% stake in the JV– Partnership to create a win-win for both companies in the automotive space. April 3, 2018, Colombo: Mahindra & Mahindra Ltd., a part of the USD 19 billion Mahindra Group based in India,… Continue reading Mahindra enters into Joint Venture with Ideal Motors for vehicle assembly in Sri Lanka

PSA, Suzuki set up EV business divisions

While PSA Group’s new business unit will be responsible for defining and deploying the Group’s electric vehicle strategy and rolling out the related products and services, Suzuki is Electric Vehicle Division and Advanced Technology Division will be set up as part of its R&D division. The rapid advance of electric mobility in the automobile world… Continue reading PSA, Suzuki set up EV business divisions

Appointment of Christian Chapelle as Senior Vice President, Monozukuri Operations, Middle East & Africa

Effective 1 April 2018, Christian Chapelle will take over the Monozukuri1 Operations department for the Middle East & Africa region. His role will be to ensure that the region has the vehicle products, sourcing network, manufacturing resources and supply chain needed to meet the objectives set out in the Push to Pass strategic plan.He will… Continue reading Appointment of Christian Chapelle as Senior Vice President, Monozukuri Operations, Middle East & Africa