Valmet Automotive restarts car production today at the Uusikaupunki, Finland car plant. Production has been suspended since April 3 due to lack of components caused by the covid-19 pandemic. All Valmet Automotive plants are now operative, as the battery plant in Salo, Finland and the roof and kinematic systems plant in Zary, Poland, have restarted… Continue reading Valmet Automotive restarts car production today with strict safety measures
Tag: Strategy
Lotus and Centrica Agree Partnership to Redesign Electric Vehicle Ownership
– A new model of integrating connected vehicles, connected homes and connected customers is being developed – New, flexible platform designed to power a future digital mobility lifestyle – New global sustainability programme targets net zero carbon across Lotus operations LONDON, May 11, 2020 /PRNewswire/ — Centrica plc, the parent company of British Gas, and… Continue reading Lotus and Centrica Agree Partnership to Redesign Electric Vehicle Ownership
@Geely: Mon 11 May 2020Lotus and Centrica agree partnership to redesign electric vehicle ownershipCentrica plc, the parent company of British Gas, and British…
Lotus Centrica Partnership [embedded content] Lotus-Evija-Powertrain-Animation.mp4 • A new model of integrating connected vehicles, connected homes and connected customers is being developed • New, flexible platform designed to power a future digital mobility lifestyle • New global sustainability programme targets net-zero carbon across Lotus operations (Hethel, UK – 11 May 2020) – Centrica plc,… Continue reading @Geely: Mon 11 May 2020Lotus and Centrica agree partnership to redesign electric vehicle ownershipCentrica plc, the parent company of British Gas, and British…
Uber pushes adjusted quarterly profit target to 2021
Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year. Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth period of 2020, CFO Nelson… Continue reading Uber pushes adjusted quarterly profit target to 2021
@VW Group: Volkswagen invests in battery operations at Salzgitter
The joint venture between Volkswagen Group and the Swedish battery producer Northvolt AB is gaining further momentum. It has been decided that Volkswagen itself will erect the buildings and infrastructure for the joint venture’s “Northvolt Zwei” factory that is to produce lithium-ion battery cells, in order to leverage synergies at the Salzgitter site – based… Continue reading @VW Group: Volkswagen invests in battery operations at Salzgitter
@VW Group: Bugatti Divo configuration – made to order on request
Extremely powerful and very exclusive. Bugatti hyper sports cars have always been at the very pinnacle of automobile construction. They are unique pieces of the highest quality and craftsmanship, developed and manufactured with enormous attention to detail. . Since April 2019 Kostas Psarris has been at the head of the regional Bugatti representation. In his… Continue reading @VW Group: Bugatti Divo configuration – made to order on request
Uber leads $170M Lime investment, offloads Jump to Lime
Lime has announced that it has raised a $170 million funding round. Uber is the leading investor with existing investors Alphabet, Bain Capital Ventures, GV and others also participating. The Information first reported on the new funding round before the official announcement. As part of the deal, Lime is also acquiring Uber’s micromobility subsidiary Jump.… Continue reading Uber leads $170M Lime investment, offloads Jump to Lime
@VW Group: Personnel changes in the Quality organization of the Group and the Volkswagen brand
Frank Moser is the new Head of Group Quality. He is currently Head of Corporate Quality at Porsche AG and will continue to hold this post when he succeeds Andreas Klar, who is retiring from the company under a retirement program, effective June 1, 2020. Christiane Engel, currently Plant Director at the Volkswagen Poznań plant… Continue reading @VW Group: Personnel changes in the Quality organization of the Group and the Volkswagen brand
General Motors made $294 million net income in first quarter, down 87%
CLOSE The logo for the General Motors Corporation (Photo: STAN HONDA, AFP/Getty Images) Hit by the coronavirus crisis, General Motors is the latest of the Detroit Three automakers to have a rough quarter. The automaker reported a net profit of just $294 million, down 86.7% from $2.1 billion for the first quarter a year ago. Its earnings before… Continue reading General Motors made $294 million net income in first quarter, down 87%
@Daimler: Flexibility in times of COVID-19: Mercedes-Benz designo manufaktur produces masks for employees
The Mercedes-Benz designo manufaktur in Sindelfingen manufactures exclusive custom-made and individual interior components for the worldwide vehicle production. During the COVID-19 pandemic, however, the daily work routine for tailors and apprentices looks a bit different than usual: for several weeks, they have been producing hand-crafted masks for use by and therefore the protection of their… Continue reading @Daimler: Flexibility in times of COVID-19: Mercedes-Benz designo manufaktur produces masks for employees