Andy Palmer: “In powertrain technology, we want to keep complete control over our V12 engine, and we want to keep control of the electrical motor because we think this is important going forward.” Andy Palmer, CEO of Aston Martin reveals how the British sports car maker aims to be the first luxury car maker to… Continue reading Aston Martin’s e-Lagonda to challenge Rolls-Royce and Bentley “duopoly”
Tag: Strategy
Nissan to cut hundreds of jobs at Sunderland plant
Nissan Plummeting diesel sales deal another employment blow to the UK automotive industry Nissan would not confirm any job losses, although local reports suggested long-serving staff could be asked to take voluntary redundancy. Photograph: Christopher Furlong/Getty Images Nissan is to cut hundreds of jobs at its Sunderland plant, Britain’s biggest car factory, as plummeting diesel… Continue reading Nissan to cut hundreds of jobs at Sunderland plant
Antitrust chief calls Hyundai Motor’s governance restructuring ‘right direction’
SEOUL, April 20 (Yonhap) — The head of South Korea’s antitrust regulator said Friday that Hyundai Motor Group has taken a step in the right direction, citing its latest plan to streamline its complicated governance structure through business spinoffs and mergers. In a meeting with foreign correspondents in Seoul, Korea Fair Trade Commission Chairman Kim… Continue reading Antitrust chief calls Hyundai Motor’s governance restructuring ‘right direction’
General Motors Korea fails to reach wage deal, edging closer to bankruptcy filing
General Motors’ loss-making South Korean unit and its labour union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the unit. GM Korea held a board meeting on Friday evening to discuss filing for a court-led rehabilitation but it delayed a decision until… Continue reading General Motors Korea fails to reach wage deal, edging closer to bankruptcy filing
UPDATE 4-GM Korea delays vote on bankruptcy protection to Monday as talks fail
SEOUL (Reuters) – General Motors’ (GM.N) loss-making South Korean unit and its labor union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the unit. FILE PHOTO: An employee works at an assembly line of GM Korea’s Bupyeong plant in Incheon, South Korea… Continue reading UPDATE 4-GM Korea delays vote on bankruptcy protection to Monday as talks fail
Baby SUVs to spearhead new Land Rover offensive
Land Rover is readying a raft of new models over the next four years that will take it into new sectors and will culminate in the launch of a model that revives the spirit of the original Freelander. The diverse new cars, which also include a £250,000 (Rs 2.3 crore) Range Rover coupé, a Defender pick-up truck… Continue reading Baby SUVs to spearhead new Land Rover offensive
FIRST-QUARTER 2018 SALES
Strong sales growth of 9.3% at constant currencies, significantly outperforming automotive production in all regions. in €m Q1 2017* Q1 2018 At constant currencies Automotive production** Sales 4,203 4,315 +9.3% -0.3% By region Europe North America Asia South America Rest of the World 2,108 1,177 689 169 60 2,279 1,063 742 168 63… Continue reading FIRST-QUARTER 2018 SALES
Peugeot & Citroën Announces The Low Emission Vehicles Business Unit To Focus Only On Electric Cars
Original Article
FAURECIA : STRONG SALES GROWTH OF 9.3% AT CONSTANT CURRENCIES, SIGNIFICANTLY OUTPERFORMING AUTOMOTIVE PRODUCTION IN ALL REGIONS
https://edge.media-server.com/m6/p/a5nxrnicThe replay will be available at the same link in the afternoon.CalendarMay 15, 2018: Capital Markets Day focused on Smart Life on Board (Paris)May 29, 2018: Annual Shareholders’ Meeting (Paris)July 20, 2018: H1 2018 results announcement (before market hours)October 4-14, 2018: Faurecia’s presence at Paris Mondial de l’AutoOctober 11, 2018: Q3 2018 sales announcement (before… Continue reading FAURECIA : STRONG SALES GROWTH OF 9.3% AT CONSTANT CURRENCIES, SIGNIFICANTLY OUTPERFORMING AUTOMOTIVE PRODUCTION IN ALL REGIONS
Mercedes-Powered Volvos Possible Thanks To Geely Investment
Daimler might even take over a portion of Volvo. Now that Geely chairman Li Shufu is the largest single shareholder in Daimler, there’s a strong possibility that the two firms could cooperate on tech development. According to the German business publication Manager Magazin, the partnership could even extend to Daimler buying a small stake in Volvo,… Continue reading Mercedes-Powered Volvos Possible Thanks To Geely Investment