Donkervoort Automobielen B.V. is steadily expanding its network of authorised dealers & service points. In addition to its own facilities in Lelystad and Düsseldorf, Donkervoort is represented in Belgium and France but now also in Spain, Switzerland and Israel. In its more than 41 years of existence, Donkervoort Automobielen B.V. has built many sports cars… Continue reading Donkervoort expands its dealer network with four new partners
Tag: Strategy
Tata Motors to spin off cars unit to seek strategic allies
Tata Motors Ltd., the Indian owner of Jaguar Land Rover, plans to separate its cars business from trucks and buses, as the company seeks partners for a unit slammed by the coronavirus outbreak and a global shift to electric vehicles.Tata Motors’ shares fell 0.1% in Mumbai after surging as much as 7.2% earlier in the day.Tata Motors also appointed Shailesh Chandra, head of its electric vehicles business, as the head of the cars unit.
@Groupe PSA: Faurecia is organized to get through the global crisis
Texte Due to the crisis and the subsequent lack of visibility for the automotive industry, the full-year 2020 financial objectives that Faurecia announced on February 17 are no longer relevant. The Group will present its new financial objectives for 2020 as soon as the macro-economic outlook for the rest of the year is sufficiently clear.… Continue reading @Groupe PSA: Faurecia is organized to get through the global crisis
@Tata: Tata Motors Ltd (TML) Board approves plan to subsidiarize TML’s Passenger Vehicles (PV) including Electric Vehicles (EV) business into a separate subsidiary through a scheme of arrangement
27 March, 2020 Key highlights: Tata Motors Ltd (TML) Board approves plan to subsidiarize TML’s Passenger Vehicles (PV) including Electric Vehicles (EV) business into a separate subsidiary through a scheme of arrangement This shall help provide differentiated focus for the PV and CV businesses and help each of them realise their potential This decision is… Continue reading @Tata: Tata Motors Ltd (TML) Board approves plan to subsidiarize TML’s Passenger Vehicles (PV) including Electric Vehicles (EV) business into a separate subsidiary through a scheme of arrangement
Kia Motors appoints Ho-sung Song as its new President
Ho-sung Song will spearhead the advancement of ‘Plan S’, Kia’s mid- to long-term growth strategy. He replaces Han-woo Park, who will move on to an advisory role and continue to support Kia’s business Kia Motors Corporation today announced the elevation of Ho-sung Song, Head of Global Operations Division, to the President of the organisation. He… Continue reading Kia Motors appoints Ho-sung Song as its new President
@Hyundai: Kia Motors Corporation appoints Ho-sung Song as President
Song will spearhead advancement of company’s mid- to long-term strategy ‘Plan S’ Song’s extensive experience across automotive value chain, expertise in overseas operations are expected to help company’s transition to future businesses — electric vehicles and mobility solutions Kia Motors Corporation today announced that Ho-sung Song, Head of Global Operations Division, has been promoted to… Continue reading @Hyundai: Kia Motors Corporation appoints Ho-sung Song as President
MAGNA PROVIDES UPDATE ON CURRENT COVID-19 ACTIONS AND WITHDRAWS OUTLOOK
AURORA, Ontario, March 26, 2020 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today provided an update on a number of actions related to the COVID-19 pandemic.Magna has established internal task forces to assess, monitor and deal with the potential impact of COVID-19 on our business and share information across the company. We… Continue reading MAGNA PROVIDES UPDATE ON CURRENT COVID-19 ACTIONS AND WITHDRAWS OUTLOOK
Press: ZF 2019 financial results: New orders and high investments ready ZF to face a difficult market environment
“At present, we are witnessing how the markets are collapsing overnight,” said ZF CEO Wolf-Henning Scheider on Thursday in Friedrichshafen. “At ZF, we have reacted quickly and decisively to the spread of the coronavirus and have prioritized the health and interests of our employees in line with those of the company in the best way… Continue reading Press: ZF 2019 financial results: New orders and high investments ready ZF to face a difficult market environment
@Mitsubishi: Mitsubishi Motors North America Names Yoichi Yokozawa President And CEO
Since joining Mitsubishi Motors Corporation (MMC) in August 1998, Yokozawa, 55, has held senior-level positions throughout MMC’s financial, strategic planning, Nissan-MMC Alliance, and global marketing and sales organizations. He was previously president and CEO of MMNA from April 2011 until February 2014. “Yoichi is an experienced team player, and his global background and previous North American… Continue reading @Mitsubishi: Mitsubishi Motors North America Names Yoichi Yokozawa President And CEO
UPDATE 1-Volkswagen extends production halt as demand sinks and supply chains falter
(Updates with details) FRANKFURT, March 26 (Reuters) – Volkswagen , the world’s biggest carmaker, said on Thursday that it will extend stops to production in Germany as it deals with fallout from the coronavirus outbreak. The German carmaker, which owns the Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda brands, said that it was… Continue reading UPDATE 1-Volkswagen extends production halt as demand sinks and supply chains falter