Renault’s chief declared the automaker is firmly on the comeback trail after a record loss, forecasting stable profitability despite the global chip shortage and rising raw material prices. The carmaker has “abandoned the approach of only looking for sheer growth,” Chief Executive Officer Luca de Meo said in a Bloomberg TV interview. “We are actually… Continue reading Renault CEO says struggling carmaker has come ‘back from hell’
Tag: FCA
Ferrari N.v. Places Eur 150 Million in Bonds With U.s. Private Investors, Due 2032
Maranello (Italy), 29 July 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announced that it has completed a private placement to certain US institutional investors of EUR 150 million aggregate principal amount of 0.91% senior notes due 2032 (the “Notes”). The net proceeds from the offering will be used towards general corporate… Continue reading Ferrari N.v. Places Eur 150 Million in Bonds With U.s. Private Investors, Due 2032
SVOLT Energy Closes 10.28 Billion RMB B Round Financing in Less Than 5 Months
This round of financing was led by Bank of China Group Investment (BOCGI), followed by the Sub-funds of National Fund for Technology Transfer and Commercialization, Country Garden Venture Capital, Shenzhen Capital Group(SCGC), CCB Investment, IDG Capital, Sany, Xiaomi Corporation, Oceanpine Capital, CHINA RENAISSANCE among others. Original shareholders, including SDIC and JZ Capital, significantly increased their… Continue reading SVOLT Energy Closes 10.28 Billion RMB B Round Financing in Less Than 5 Months
@Ferrari: Ferrari N.V. places eur 150 million in bonds with u.s. Private investors, due 2032000143
Maranello (Italy), 29 July 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announced that it has completed a private placement to certain US institutional investors of EUR 150 million aggregate principal amount of 0.91% senior notes due 2032 (the “Notes”). The net proceeds from the offering will be used towards general corporate… Continue reading @Ferrari: Ferrari N.V. places eur 150 million in bonds with u.s. Private investors, due 2032000143
Free2Move to provide home charging system ‘easyWallbox’ with Leasys rentals
All Leasys customers will also have the option of requesting – at a special price, not included in the fee – the professional installation that will allow the easyWallbox to operate at up to 7.4 kW as well as to use only the power available at home in real time, avoiding any risk of blackout.… Continue reading Free2Move to provide home charging system ‘easyWallbox’ with Leasys rentals
@FCA: MEDIA ADVISORY: Stellantis Celebrates Launch of First New Assembly Plant in Detroit in 30 Years
Stellantis Celebrates Launch of First New Assembly Plant in Detroit in 30 Years With Release of Documentary Film on July 28 What: It takes a village! Just over two years ago, Stellantis made a commitment to Detroit. The promise? To build the first new assembly plant in the city in 30 years, prioritize Detroiters in the… Continue reading @FCA: MEDIA ADVISORY: Stellantis Celebrates Launch of First New Assembly Plant in Detroit in 30 Years
‘Ferrari has to evolve or it will cease to exist’
Electrification is happening in the car industry – but it remains a bit of a dirty word among true petrolheads. So there will be mixed emotions at the reveal this week of Ferrari’s 296 GTB, a mid-engined supercar that mixes V6 grunt with the ability to go up to 15 miles on electric power alone.… Continue reading ‘Ferrari has to evolve or it will cease to exist’
Ferrari Classiche: restoring Maranello’s classics
A yellow Ferrari 250 LM instantly catches our attention in the showroom-like workspace, a perfect example of the mid-engined racer that scored the firm’s last Le Mans 24 Hours win in 1965. To one side, a Testarossa belonging to Piero Ferrari – son of Enzo – awaits attention. All around sit neatly arranged new parts… Continue reading Ferrari Classiche: restoring Maranello’s classics
From start-up of the Politecnico to protagonist for recharging electric cars: Nhoa promises 35 thousand columns in 10 years
A first international fast charging network for electric vehicles in Europe. This is the proposal that was launched by Carlalberto Guglielminotti (CEO of NHOA, the former Engie Eps born at the Polytechnic of Turin and which today has new resources and new management with the entry of the Asian TCC) together with Roberto Di Stefano… Continue reading From start-up of the Politecnico to protagonist for recharging electric cars: Nhoa promises 35 thousand columns in 10 years
Stellantis opening billions of dollars in new credit lines as chip shortage continues
Stellantis is adding billions of dollars to its available credit, giving itself more of a cushion as the auto industry continues to grapple with a microchip shortage affecting production of new vehicles that does not appear to be letting up. The automaker announced Friday that it had signed a new revolving credit facility of approximately… Continue reading Stellantis opening billions of dollars in new credit lines as chip shortage continues