Ford, GM, and Stellantis, also known as the Detroit Big Three, announced today a joint goal for electric vehicles to achieve 40% to 50% of their sales in the US by 2030. Who is going to buy the other 50% of their cars? Over the last year, Ford, GM, and Stellantis (mainly Chrysler, Dodge, Ram,… Continue reading Ford, GM, and Stellantis announce joint 40-50% EV sale goal in 2030 – who is going to buy other 50%?
Tag: FCA
@FCA: Stellantis Reaffirms Commitment to Electrification in Response to Fuel-Economy NPRM
Stellantis Media – Stellantis Reaffirms Commitment to Electrification in Response to Fuel-Economy NPRM Stellantis Reaffirms Commitment to Electrificationin Response to Fuel-Economy NPRM Our path to a cleaner future is defined by our $35 billion investment in vehicle electrification, which includes four flexible BEV platforms, a scalable family of three electric-drive modules and solid-state battery development.… Continue reading @FCA: Stellantis Reaffirms Commitment to Electrification in Response to Fuel-Economy NPRM
@FCA: Ford, GM and Stellantis Joint Statement on Electric Vehicle Annual Sales
Ford, GM and Stellantis Joint Statement on Electric Vehicle Annual Sales Today, Ford, GM and Stellantis announce their shared aspiration to achieve sales of 40-50% of annual U.S. volumes of electric vehicles (battery electric, fuel cell and plug-in hybrid vehicles) by 2030 in order to move the nation closer to a zero-emissions future consistent with Paris… Continue reading @FCA: Ford, GM and Stellantis Joint Statement on Electric Vehicle Annual Sales
@Groupe PSA: PR First Half 2021 Results002222
Stellantis Reports Record H1 Pro Forma(1) Results with 11.4% Margin, All Segments ProfitableFull-Year Guidance Raised to ~10% Adjusted Operating Income(2) Margin Pro Forma(1) Net revenues of €75.3 billion, up 46% Pro Forma(1) Adjusted operating income(2) (“AOI”) of €8.6 billion, with 11.4% margin; record North America margin at 16.1% Strong start to synergies execution, with ~€1.3 billion of net… Continue reading @Groupe PSA: PR First Half 2021 Results002222
EV powertrains set to disrupt auto industry’s pecking order
TOKYO — Electric-vehicle makers including Hyundai Motor and Stellantis have begun to look beyond their own development teams for powertrain systems — the throbbing heart that makes EVs go — in a trend that could reshape decades-old automotive supply chains. EV powertrains, called e-axles, combine motors, gearboxes and other drive components into one system that plays a… Continue reading EV powertrains set to disrupt auto industry’s pecking order
Ferrari, Continuing Strong Momentum Across All Regions
CONTINUING STRONG MOMENTUM ACROSS ALL REGIONS Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2021. Second quarter results can be summarized as follows: Total shipments of 2,685 units, almost doubled versus prior year and up 0.5% versus Q2 2019… Continue reading Ferrari, Continuing Strong Momentum Across All Regions
Bridgestone Americas to Acquire Fleet Management Software Provider Azuga to Accelerate Mobility Solutions Business
Pending customary closing conditions and regulatory approvals, Bridgestone will assume ownership of Azuga’s brands and business platforms. The Azuga fleet management platform, which includes advanced safety and fleet management tools, will complement the existing Bridgestone portfolio of cloud-based fleet mobility solutions. The acquisition of Azuga will rapidly advance Bridgestone’s comprehensive solutions for small to enterprise-sized… Continue reading Bridgestone Americas to Acquire Fleet Management Software Provider Azuga to Accelerate Mobility Solutions Business
Autos & Transportation · 12:10 PM UTCFerrari sticks to 2021 targets after strong Q2Ferrari (RACE.MI) stuck to its main 2021 targets on Monday, despite…
Ferrari’s latest limited-edition special series is seen in this handout photo obtained by Reuters on April, 21, 2021. Ferrari/Handout via REUTERS FY cash flow guidance raised to around 450 mln euros Forecasts on FY revenues and adj. EBITDA unchanged Adj. EBITDA at 386 mln euros in Q2 MILAN, Aug 2 (Reuters) – Ferrari (RACE.MI) stuck… Continue reading Autos & Transportation · 12:10 PM UTCFerrari sticks to 2021 targets after strong Q2Ferrari (RACE.MI) stuck to its main 2021 targets on Monday, despite…
@Ferrari: Ferrari, Continuing Strong Momentum Across All Regions000146
CONTINUING STRONG MOMENTUM ACROSS ALL REGIONS Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2021. Second quarter results can be summarized as follows: Total shipments of 2,685 units, almost doubled versus prior year and up 0.5% versus Q2 2019… Continue reading @Ferrari: Ferrari, Continuing Strong Momentum Across All Regions000146
@Ferrari: Continuing strong momentum across all regions000146
Total shipments of 2,685 units, almost doubled versus prior year and up 0.5% versus Q2 2019 Net revenues of Euro 1,035 million, nearly doubled versus prior year and up 5.2% versus Q2 2019 EBITDA(1) of Euro 386 million, tripled versus prior year and up 23.0% versus Q2 2019. EBITDA(1) margin of 37.4% in Q2 2021.… Continue reading @Ferrari: Continuing strong momentum across all regions000146