The IPO would reveal the financial results and perspectives of the electric bus business U.S. electric bus manufacturer Proterra has reportedly hired banks in preparation for an initial public offering (IPO), according to unofficial sources. It’s not known when company will move forward, and details are scarce, but it could be interesting as Proterra has attracted high-profile… Continue reading It Appears Electric Bus Maker Proterra Is Preparing For An IPO
Tag: Financial Results
Comment: After BMW’s departure, tough decisions are now being made at BMW
BMW Group headquarters The automobile company has lost its lead in electromobility in recent years and at the same time a revenue problem. (Photo: DAPD) Profit warning, power struggles and an increasingly unsettled workforce: The news from the BMWHeadquarters have not been good in recent months. The pressure on CEO Harald Kruger was great. Now… Continue reading Comment: After BMW’s departure, tough decisions are now being made at BMW
Dealers slam into reverse with £10k losses in May
Dealer profitability went to reverse in May with the average site turning in losses of £10,000 for the month. The loss negated the gains made in April leaving retailers behind for the overall quarter. According to dealer profitability specialist ASE, a “sizeable cause” of the drop in overall performance was attributable to a hit on… Continue reading Dealers slam into reverse with £10k losses in May
JLR calls for UK ‘gigafactory’ as it invests in electric vehicles
“ Jaguar Land Rover’s recent calls for a UK ‘gigafactory’ to ease the transition to electrification for the struggling car industry appear more relevant than ever, as plans for a new range of electric cars at its Castle Bromwich plant are revealed. JLR has big electrification plans – image courtesy of JLR. The automotive industry’s… Continue reading JLR calls for UK ‘gigafactory’ as it invests in electric vehicles
Harald Krüger will not seek a second term of office as Chairman of the Board of Management of BMW AG
The Chairman of the Supervisory Board has complete respect and understanding for his decision Krüger: “I would like to pursue new professional endeavours” Munich. The Chairman of the Board of Management of BMW AG, Harald Krüger, gave notice today that he will not seek a second term of office. The Chairman of the Supervisory Board,… Continue reading Harald Krüger will not seek a second term of office as Chairman of the Board of Management of BMW AG
Renault-Nissan unsure whether will publish cost-saving figures: sources
PARIS (Reuters) – Renault-Nissan has not decided whether to publish figures on cost savings and other synergies achieved by the alliance over the last year, as has been its custom, two sources close to Renault said, amid growing tension in the partnership. The logo of French car manufacturer Renault is seen at a dealership of… Continue reading Renault-Nissan unsure whether will publish cost-saving figures: sources
UPDATE 1-Jaguar Land Rover to build electric cars at UK plant
LONDON (Reuters) – Jaguar Land Rover (TAMO.NS) is making a multi-million pound investment to build electric vehicles in Britain, in a major boost for the UK government and a sector hit by the slump in diesel sales and Brexit uncertainty. FILE PHOTO – A car hangs on the wall of Jaguar’s Castle Bromwich manufacturing facility… Continue reading UPDATE 1-Jaguar Land Rover to build electric cars at UK plant
Jaguar to make multi-million pound electric car investment in UK plant
FILE PHOTO – A car hangs on the wall of Jaguar’s Castle Bromwich manufacturing facility in Birmingham, Britain, November 17, 2016. REUTERS/Darren Staples LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (TAMO.NS) is making a multi-million pound investment to build electric vehicles in its home market, in a major boost to a sector hit… Continue reading Jaguar to make multi-million pound electric car investment in UK plant
Pendragon sells California JLR dealership for £28.2m
Pendragon has sold its Jaguar Land Rover dealership in Mission Viejo, California for £28.2m. The deal, which was flagged up in May, is in line with the group’s strategy of selling off its dealerships in the US. Pendragon said work is ongoing on the sale of other dealerships in the US as part of the… Continue reading Pendragon sells California JLR dealership for £28.2m
China’s Didi removes 300,000 drivers amid safety overhaul
2018 was the year when Didi Chuxing, the ride-hailing company that defeated Uber in China, vowed to put safety ahead of rocket-ship growth after two deadly passenger incidents. One way it works to ramp up safety is a stricter vetting process for drivers. The mobility giant said Tuesday to a group of media that it… Continue reading China’s Didi removes 300,000 drivers amid safety overhaul