Volkswagen’s I.D. Crozz, I.D. Vizzion and I.D. Buzz model cars at the 88th International Motor Show at Palexpo in Geneva, Switzerland. Photo: Denis Balibouse/Reuters The accelerating demise of diesel, long used by carmakers to boost fuel-efficiency, is undermining their plans to meet looming European Union CO2 goals and avoid big annual fines. Executives gathered at… Continue reading Diesel collapse gives carmakers carbon headache
Tag: Strategy
Mahindra enters into Joint Venture with Ideal Motors for vehicle assembly in Sri Lanka
Mahindra enters into Joint Venture with Ideal Motors for vehicle assembly in Sri Lanka – Mahindra to take 35% stake in the JV– Partnership to create a win-win for both companies in the automotive space. April 3, 2018, Colombo: Mahindra & Mahindra Ltd., a part of the USD 19 billion Mahindra Group based in India,… Continue reading Mahindra enters into Joint Venture with Ideal Motors for vehicle assembly in Sri Lanka
PSA, Suzuki set up EV business divisions
While PSA Group’s new business unit will be responsible for defining and deploying the Group’s electric vehicle strategy and rolling out the related products and services, Suzuki is Electric Vehicle Division and Advanced Technology Division will be set up as part of its R&D division. The rapid advance of electric mobility in the automobile world… Continue reading PSA, Suzuki set up EV business divisions
Appointment of Christian Chapelle as Senior Vice President, Monozukuri Operations, Middle East & Africa
Effective 1 April 2018, Christian Chapelle will take over the Monozukuri1 Operations department for the Middle East & Africa region. His role will be to ensure that the region has the vehicle products, sourcing network, manufacturing resources and supply chain needed to meet the objectives set out in the Push to Pass strategic plan.He will… Continue reading Appointment of Christian Chapelle as Senior Vice President, Monozukuri Operations, Middle East & Africa
Creation of a Business Unit dedicated to electric vehicles. Alexandre Guignard appointed to head the new BU
• The creation of the Low Emission Vehicles Business Unit is a step towards the Group’s aim of developing an electric offering covering its entire range by 2025, with implementation starting in 2019• The two priorities are profitable growth and contribution to Groupe PSA’s CO2 objectives• Alexandre Guignard appointed Senior Vice President of the new BU To respond… Continue reading Creation of a Business Unit dedicated to electric vehicles. Alexandre Guignard appointed to head the new BU
Hyundai has no reason to overreact to Elliott’s demands; regulator
SEOUL, April 5 (Yonhap) — The chief of South Korea’s financial regulator on Thursday said he views Elliott Advisors Ltd.’s demands for more efforts to improve corporate governance at Hyundai Motor Group differently from Elliott’s intervention in the merger of two Samsung Group affiliates three years ago. In a venture startup fund event held in… Continue reading Hyundai has no reason to overreact to Elliott’s demands; regulator
Construction Commencement of GWM Manufacturing Base …
On March 28, construction of GWM Manufacturing Base in Yongchuan, Chongqing (hereinafter referred to as “the Project”) was formally commenced in the Phoenix Lake Industrial Park, High-tech Zone, Yongchuan District. Wei Jianjun (Chairman of GWM), Meng Shujie, (General Manager of GWM (Chongqing)), Lu Kehua (Vice-Mayor, People’s Government, Chongqing Municipality), Teng Hongwei (Secretary of Yongchuan District… Continue reading Construction Commencement of GWM Manufacturing Base …
Daimler to explore further cooperation with Geely
Daimler AG (AG) is exploring the possibility of further cooperation with new major shareholder Li Shufu’s Chinese car maker Geely, Chief Executive Dieter Zetsche said at Daimler’s annual general meeting on Thursday. Mr. Li, who has accumulated close to a 10% stake in Daimler, is supporting the car maker’s long-term strategy and talks have been… Continue reading Daimler to explore further cooperation with Geely
2017 Sustainability Report: new focus
Detailed documentation of the economic, ecological and social effects of corporate activities Current target programme: sustainability strategy 2030 Stuttgart. On the day of the Daimler Annual General Meeting in Berlin on 5 April 2018, the company will also publish its 2017 Sustainability Report. From that date the comprehensive report can be found here in the… Continue reading 2017 Sustainability Report: new focus
Dieter Zetsche at the Annual Shareholders’ Meeting: “At Daimler, we take advantage of the opportunities that arise from change. That’s why we occupy the top spot today.”
BERLIN, April 5, 2018 /PRNewswire/ — 2017 was the most successful year in the company’s history Daimler is undergoing the greatest transformation in its history with a focus on five strategic areas Shareholders vote on highest-ever dividend of €3.65 per share to date Changes in the Supervisory Board “Daimler AG mastered many challenges extremely well… Continue reading Dieter Zetsche at the Annual Shareholders’ Meeting: “At Daimler, we take advantage of the opportunities that arise from change. That’s why we occupy the top spot today.”