British luxury supercar and hypercar maker McLaren Automotive announces the appointment of Michael Leiters as its new Chief Executive Officer from 1 July, 2022. German-born Mr Leiters, 50, holds a doctorate in engineering and has held senior positions at Porsche AG and, more recently, was Chief Technology Officer at Ferrari. Mr Leiters will be based… Continue reading @McLaren: Read more000170
Tag: FCA
Stellantis to decommission engine line in Trenton, cut workforce
Jeep maker Stellantis NV on Thursday said it will decommission an engine line at its Trenton Engine Complex by the end of the year in a move to consolidate production that will result in workforce reductions. The announcement comes with a $24.7 million investment into the complex’s south plant for retooling for a flexible engine… Continue reading Stellantis to decommission engine line in Trenton, cut workforce
Turin polishes its hidden jewel: design is “worth” 2,500 jobs
Turin polishes one of its most hidden jewels, with all the intention of putting it on display and being proud of it as soon as possible. It is about design, a note of style that – over time – has become a transversal actor among many sectors and even more productions. The Mira observatory has… Continue reading Turin polishes its hidden jewel: design is “worth” 2,500 jobs
@Ferrari: FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION000250
Maranello (Italy), June 30, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it intends to commence a Euro 150 million share buyback program, as the initial tranche of the new multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made… Continue reading @Ferrari: FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION000250
FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION
Maranello (Italy), June 30, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it intends to commence a Euro 150 million share buyback program, as the initial tranche of the new multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made… Continue reading FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION
The Drako Motors 2,000-hp electric luxury SUV “feels more like a spaceship”
Startup EV manufacturer Drako Motors previewed today the follow-up to its $1.25 million Drako GTE: the 2,000-horsepower Drako Dragon Super-SUV. The San Jose, California-based automaker said the Dragon zips from 0 to 60 mph in 1.9 seconds using the company’s in-house DriveOS Quad Motor Powertrain, and DriveOS vehicle architecture. Individual torque control and a three-stage… Continue reading The Drako Motors 2,000-hp electric luxury SUV “feels more like a spaceship”
@FCA: Stellantis Announces Investment and Plans for Trenton, Michigan, Engine Complex
June 30, 2022 , Auburn Hills, Mich. – Stellantis today announced plans for the two facilities that comprise its engine complex in Trenton, Michigan, which will provide maximum flexibility for the operation. The plan includes a $24.7 million investment to retool the south plant to be a flexible engine line, capable of producing the two variations… Continue reading @FCA: Stellantis Announces Investment and Plans for Trenton, Michigan, Engine Complex
@FCA: What’s New for 2023: Jeep® Grand Cherokee
June 30, 2022 , Auburn Hills, Mich. – From the moment the Jeep® brand introduced the Grand Cherokee 30 years ago, by literally driving the SUV up the steps of Cobo Hall in Detroit and through a window, signifying the breakthrough premium SUV, it set a new industry benchmark and quickly became synonymous with upscale design… Continue reading @FCA: What’s New for 2023: Jeep® Grand Cherokee
@FCA: What’s New for 2023: Jeep® Grand Cherokee L
June 30, 2022 , Auburn Hills, Mich. – The 2023 Jeep® Grand Cherokee L delivers exceptional performance, comfort and functionality while continuing Grand Cherokee’s legacy as the most awarded and celebrated SUV ever with legendary 4×4 capability, on-road refinement, and premium styling and craftsmanship inside and out. Built on an all-new architecture, the first ever three-row… Continue reading @FCA: What’s New for 2023: Jeep® Grand Cherokee L
@FCA: What’s New for 2023: Jeep® Grand Cherokee 4xe
June 29, 2022 , Auburn Hills, Mich. – As the Jeep® brand pushes toward its future of Zero Emission Freedom, the all-new Jeep Grand Cherokee 4xe, launched for the 2022 model year, represents the most technologically advanced and 4×4-capable Jeep Grand Cherokee yet, delivering 25 miles of all-electric range and 56 miles per gallon equivalent (MPGe).… Continue reading @FCA: What’s New for 2023: Jeep® Grand Cherokee 4xe