Mercedes boss Ola Källenius with the S-Class Anyone who wants to buy a Mercedes in the future will have to pay significantly more for it. (Photo: Bloomberg) Throughout its 135-year history, Mercedes-Benz has always aimed high. But the brand often failed because of its ambitions: whether as an integrated technology group, as a global corporation… Continue reading German Handelsblatt: Automaker: New luxury strategy: Mercedes cancels three compact cars and increases target margin to 14 percent004335
Tag: FCA
@Groupe PSA: PR CEO Tavares Marks a New Era for Stellantis in India003762
CEO emphasizes the importance of India as a key growth market and strategic sourcing hub Long-term commitment in line with Dare Forward 2030 strategic plan and the Indian government’s “Make in India” initiative Stellantis has invested over €1 billion in its Indian operations since 2015 New products from Jeep® and Citroën are laying the foundation for growth… Continue reading @Groupe PSA: PR CEO Tavares Marks a New Era for Stellantis in India003762
‘Indian Citroen will lead the way on EV introduction’
Citroen will lead the way in electric vehicles (EVs) for India next year, said Carlos Tavares, CEO Stellantis, at a virtual roundtable in Chennai on Tuesday. “Citroen will introduce the smart car programme, it has been created under the Citroen umbrella and the EV versions are part of this programe. Specifically the Indian Citroen will… Continue reading ‘Indian Citroen will lead the way on EV introduction’
‘Jubilation’: Stellantis retracts unpopular supplier-contract terms
Jeep maker Stellantis NV on Monday said it has retracted changes it made to its supplier contract terms earlier this year following a backlash from its vendors. Among the least popular requirements of the new terms effective Jan. 1, 2022, were those that required suppliers to pass along to the transatlantic automaker any cost-savings incurred and allowed Stellantis… Continue reading ‘Jubilation’: Stellantis retracts unpopular supplier-contract terms
@Ferrari: FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM000245
FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM Maranello (Italy), May 16, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the sixth tranche of the common share buyback program announced on March 3, 2022 (“Sixth Tranche”), additional common shares – reported in aggregate form, on… Continue reading @Ferrari: FERRARI N.V.: PERIODIC REPORT ON THE BUYBACK PROGRAM000245
@FCA: MC20 Cielo: the name of the new Maserati spyder is unveiled Maserati is ready to showcase another new model: a one-of…
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OLG Stuttgart: FCA Bank has to pay back processing fees to retailers
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German Manager Magazin: Formula 1: Why the racing series has a future after all001779
Champagne mood: award ceremony after the Australian F1 Grand Prix in April. Sergio Pérez (right), Red Bull, and George Russell (left), Mercedes, landed behind Ferrari driver Charles Leclerc (in the background). Photo: Dan Istitene / Formula 1 / Getty Images Go to Source
“Aston Martin desperately needs a clear direction for its future”
After just two years, CEO Tobias Moers is the latest senior executive to go through the well worn exit door at Aston Martin. Insiders and former staff members say he was one of the main reasons so many talented and long-serving employees had already left the business; his management style is, apparently, rather blunt. Sure,… Continue reading “Aston Martin desperately needs a clear direction for its future”
Aston Martin replaces Tobias Moers with former Ferrari boss
In a surprise move, Aston Martin has announced the departure of its chief executive Tobias Moers with immediate effect. Moers will be replaced by Amedeo Felisa, a former chief executive of Ferrari who was already sitting on the Aston Martin board of directors. In a statement to the stock exchange Aston Martin said that Moers… Continue reading Aston Martin replaces Tobias Moers with former Ferrari boss