CarBlock announced that it has joined MOBI, the Mobility Open Blockchain Initiative, to explore blockchain and distributed ledger technology (DLT) for use in the development of a digital mobility ecosystem that could make transportation safer, more affordable, and more widely available. CarBlock is collaborating with the MOBI and other industry, government, and non-profit partners to… Continue reading CarBlock joins The Mobility Open Blockchain Initiative
Tag: Financial Results
Feng Qingfeng to succeed Jean-Marc Gales as Lotus CEO
L-R: Feng Qingfeng and Jean-Marc Gales. Zhejiang Geely Holding Group (Geely Holding), China’s leading privately-owned automotive group, has announced that Feng Qingfeng, vice-president and chief technical officer of Geely Auto Group, has been appointed to succeed Jean-Marc Gales as chief executive officer of Group Lotus effective immediately. Jean-Marc Gales will head up the Essex-based classic car dealer… Continue reading Feng Qingfeng to succeed Jean-Marc Gales as Lotus CEO
Exclusive: Lotus boss Jean-Marc Gales departs car maker
Jean-Marc Gales has abruptly left his position as CEO of Group Lotus plc, the Norfolk-based sports car maker and technology consultancy acquired last year by China’s Geely group, which also owns Volvo, Lynk&Co, Proton and LEVC. Gales told Autocar that he was leaving for “personal reasons” and that it was “time to move on”. He departs his job today and described it as… Continue reading Exclusive: Lotus boss Jean-Marc Gales departs car maker
Geely Auto Has Found A New Gear
I don’t write about it as often as I’d like to, but Geely Auto (OTCPK:GELYY) (0175.HK) has long been one of my favorite companies and stocks. Although there is a long list of potential reasons to avoid the name, I’ve been bullish on the company’s prospects to drive significant unit volume growth (as well as… Continue reading Geely Auto Has Found A New Gear
Volvo Cars’ global sales up by 13.3 per cent in May
Volvo Cars’ global sales up by 13.3 per cent in May Volvo Cars’ sales momentum continued in May with global sales up 13.3 per cent compared with the same month last year, as the premium carmaker grew in all its main markets. In the first five months of 2018, sales grew by 13.6… Continue reading Volvo Cars’ global sales up by 13.3 per cent in May
Car makers used software to raise spare parts prices
Reuters/Benoit Tessier Ever had the nagging suspicion that your car’s manufacturer was charging outrageous prices for parts simply because it could? Software might be to blame. Reuters has obtained documents from a lawsuit indicating that Jaguar Land Rover, Peugeot, Renault and other automakers have been using Accenture software (Partneo) that recommended price increases for spare… Continue reading Car makers used software to raise spare parts prices
How carmakers hike spare parts prices by using software and stealth
London CARMAKERS including Renault, Jaguar Land Rover (JLR) and Peugeot have boosted revenues by over US$1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. The software works, Accenture told prospective clients, by identifying which spare… Continue reading How carmakers hike spare parts prices by using software and stealth
Foreign companies struggle in cash-strapped Turkmenistan
ALMATY/ANKARA (Reuters) – Some foreign companies in Turkmenistan are struggling to make sales and collect payments as economic pressures mount in large part because of a sharp drop in the Central Asian nation’s crucial gas exports. FILE PHOTO: People stay in front of the terminal of the newly built airport with a portrait of Turkmen… Continue reading Foreign companies struggle in cash-strapped Turkmenistan
Software and stealth: how carmakers hike spare parts prices
LONDON/PARIS (Reuters) – Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. FILE PHOTO: Vehicles are seen at a Dongfeng Peugeot Citroen… Continue reading Software and stealth: how carmakers hike spare parts prices
Non, la Chine ne rachète pas la France !
La France investit bien plus en Chine que les Chinois sur notre sol. Au niveau mondial, notre pays est loin d’être la terre d’accueil privilégiée des investisseurs chinois. Nous avons tort de nous en réjouir. Vous aimez cet article ? Partagez le ! Par Steven Zunz. L’année 2018 pourrait bien marquer le début d’un regain… Continue reading Non, la Chine ne rachète pas la France !