Infiniti’s Electrification Strategy Includes BEVs And Series Hybrids

Infiniti to electrify its portfolio within two years, introducing two options – battery-electric or series-hybrid (non-plug-in). Infiniti brand (part of Nissan) soon will be celebrating its 30th anniversary (launched on November 8, 1989) and just like Lexus (which also celebrates its 30th anniversary), Infiniti gears up for electrification. Finally, especially since there is a necessity… Continue reading Infiniti’s Electrification Strategy Includes BEVs And Series Hybrids

Auto component major Mahle Group to step up investments in India – Economic Times

MUMBAI: The Indian government’s push on localisation of electric and low-emission vehicles in India has seen the €12.6 billion auto component major Mahle Group committing to invest more in joint ventures (JVs), new products and plant expansion. Mahle Group has raised its stake in former JV, Mahle Letrika Roots India, to 90% from 50%. This… Continue reading Auto component major Mahle Group to step up investments in India – Economic Times

LEVC CEO counts on products, new markets to lift UK-based Geely unit – Automotive News Europe

Since LEVC’s successful introduction of the plug-in hybrid TX Taxi in 2017, the UK-based unit of Zhejiang Geely Holding has struggled with costs. As a result, the money-losing producer of the iconic London black cab brought in longtime Audi executive Joerg Hofmann as its new CEO in February. Hofmann’s first job was to stabilize the… Continue reading LEVC CEO counts on products, new markets to lift UK-based Geely unit – Automotive News Europe

CTO.ai Raises $7.5M in Seed Funding

CTO.ai, a Vancouver, British Columbia, Canada-based provider of platform for scaling DevOps teams, raised $7.5M USD in seed funding. The round was led by Tiger Global, and Slack Fund, with participation from Yaletown Partners, Pallasite Ventures, Panache Ventures and Jonathan Bixby. The company intends to use the funds to expand their current offerings for enterprise… Continue reading CTO.ai Raises $7.5M in Seed Funding

Toyota Strengthens Manufacturing Organization

PLANO, Texas, Nov. 4, 2019 /PRNewswire/ — As part of its commitment to mobility and helping people find better ways to go places, Toyota Motor North America, Inc. (TMNA) today announced several changes to its organization to further improve unprecedented changes to the automotive landscape. Effective immediately, TMNA will establish a Manufacturing Project Innovation Center… Continue reading Toyota Strengthens Manufacturing Organization

Ferrari looks to capitalize on brand name as it promises faster growth

MILAN (Reuters) – Strong sales of Ferrari’s (RACE.MI) Portofino and 812 Superfast models enabled the Italian luxury carmaker to raise its outlook on Monday, with a new brand strategy promising even more growth. FILE PHOTO: The new Ferrari Portofino is displayed during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12, 2017. REUTERS/Ralph Orlowski/File… Continue reading Ferrari looks to capitalize on brand name as it promises faster growth

NIO Inc. Provides October 2019 Delivery Update

Delivered 2,526 vehicles in October 2019, including 2,220 ES6s and 306 ES8s Cumulative deliveries of ES8 and ES6 reached 26,215 SHANGHAI, China, Nov. 04, 2019 (GLOBE NEWSWIRE) —  NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s premium electric vehicle market, today provided its October 2019 delivery results. NIO delivered 2,526 vehicles in… Continue reading NIO Inc. Provides October 2019 Delivery Update

Ferrari forecast turbo-charged by Portofino, Superfast sales

MILAN (Reuters) – Strong sales of Ferrari’s (RACE.MI) Portofino and 812 Superfast models helped the Italian luxury carmaker raise its 2019 forecasts on Monday, powering its shares to a record high. FILE PHOTO: The new Ferrari Portofino is displayed during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12, 2017. REUTERS/Ralph Orlowski/File Photo Ferrari’s… Continue reading Ferrari forecast turbo-charged by Portofino, Superfast sales

04. Nov 2019Daimler launches new corporate structure

November 04, 2019 – We have launched our new corporate structure as planned on November 1, 2019. The separation of the car and van and the truck and bus businesses to two new subsidiaries took effect at the end of October with their respective entries in the commercial register. Three legally independent stock corporations now… Continue reading 04. Nov 2019Daimler launches new corporate structure

Lotus Engineering set to expand with new leadership

Lotus Engineering, the division that acts as an engineering consultant for third-party clients, is set to be expanded under new leadership. Boss Miguel Fragoso has begun reinvigorating the division, with a new commercial director appointed. Fragoso has kept a team “working on the areas instrumental in maintaining our capability”, such as advanced structures, dynamics, propulsion… Continue reading Lotus Engineering set to expand with new leadership