NINGDE, China, July 31, 2020 /PRNewswire/ — Contemporary Amperex Technology Co. Limited (CATL) <300750.SZ> and Trailer Dynamics GmbH (Trailer Dynamics) have signed a battery supply agreement for a new way to electrify long-haul trucks. According to the agreement, CATL will develop, manufacture, and supply batteries for the Newton eTrailer, which will launch in 2023 to… Continue reading CATL to supply batteries to Trailer Dynamics to accelerate road transport electrification in Europe
Tag: Strategy
Vitesco Technologies and Padmini VNA to jointly offer BS VI powertrain tech
Vitesco Technologies and Padmini VNA Mechatronics, two leading automotive suppliers for future- oriented drives, have today signed a joint venture partnership. The new company, called PV Clean Mobility Technologies, will offer selected powertrain technologies that meet Bharat Stage VI emission standards in the Indian market. The aim is to create a strong local supplier for the… Continue reading Vitesco Technologies and Padmini VNA to jointly offer BS VI powertrain tech
@VW Group: TRATON GROUP sees first signs of business recovery in third quarter
The TRATON GROUP recorded lower unit sales, sales revenue, and earnings in the first six months of 2020 in the wake of the expected market downturn in Europe and the significant impact of the global COVID-19 pandemic. Unit sales recorded by the three brands Scania, MAN and Volkswagen Caminhões e Ônibus from January to June… Continue reading @VW Group: TRATON GROUP sees first signs of business recovery in third quarter
@VW Group: Volkswagen brand with effective crisis management in the first half of the year
Business at the Volkswagen Passenger Cars brand was significantly impacted by the global Covid-19 pandemic in the first half of 2020. However, effective countermeasures reduced the impact of the crisis. Through strict cost management the brand substantially reduced its general overhead costs, expenditures for research and development and capex year-on-year. In addition, production was strictly… Continue reading @VW Group: Volkswagen brand with effective crisis management in the first half of the year
Ford Bronco reservations surpass 150,000
The reception to Bronco 2021 — Ford’s flagship series of 4×4 vehicles that were revealed earlier this month — surpassed expectations of the company’s most optimistic initial projections, CEO Jim Hackett said in an earnings call Thursday. More than 150,000 customers have plunked down $100 to reserve a spot to order one of the vehicles,… Continue reading Ford Bronco reservations surpass 150,000
In India, a diminished Nissan bets big on a small SUV
NEW DELHI (Reuters) – By any measure, Nissan Motor Co Ltd (7201.T) has had a dreadful run in India. A push to revive its lower-end Datsun brand flopped, sales have slumped 60% over the past five years and its sole plant in the country is operating way below capacity. The Nissan Magnite Concept SUV is… Continue reading In India, a diminished Nissan bets big on a small SUV
Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip
That could have been worse. After missing eight of 13 second-quarter weeks of North American production because of the coronavirus shutdown, General Motors Co. posted a loss of less than $800 million for the three-month period, rescinded most of its salary cuts and signaled that the second half of the year could prove surprisingly resilient.… Continue reading Howes: GM demonstrates resilience amid COVID-19 pandemic, but shares slip
British engine manufacturing down -38.8% in first half of 2020
30 July 2020 #SMMT News #UK Manufacturing UK engine production falls -38.8% in first half to 814,957 units. Demand from home and international markets down -32.4% and -42.3% respectively. Decline mirrors drop in output at vehicle plants primarily a result of global coronavirus lockdowns. Mike Hawes, SMMT Chief Executive, said, With key global markets locked… Continue reading British engine manufacturing down -38.8% in first half of 2020
Lordstown Motors Shows Off Endurance Electric Pickup Truck In New Video
Lordstown Motors just released a new promotional video with its all-electric pickup – Endurance, scheduled for market launch in 2021 (in Summer 2021 according to what we heard the last time). The new video shows us that the Lordstown Endurance is suitable for a variety of applications, including towing, off-road driving and can even power… Continue reading Lordstown Motors Shows Off Endurance Electric Pickup Truck In New Video
Twin storms batter struggling Nissan-Renault-Mitsubishi alliance
TOKYO — It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history — but anyone who thought that marked the end of their trials has been roundly disabused of the notion. Renault announced Thursday that it posted a record… Continue reading Twin storms batter struggling Nissan-Renault-Mitsubishi alliance