The Belvidere (Illinois) Assembly Plant, where the Jeep Cherokee SUV is made, is laying off 150 workers. Stellantis, the parent company of Jeep since the merger of Fiat Chrysler Automobiles and Peugeot maker PSA Group, confirmed the news Tuesday. “The Stellantis plant in Belvidere, Illinois, is rebalancing its staffing levels as it realigns production to meet… Continue reading Stellantis, citing global demand, laying off 150 at Jeep Cherokee plant
Tag: FCA
Briggs Automotive Company Continues U.S. Expansion Into Michigan
BIRMINGHAM, Mich., Feb. 23, 2021 /PRNewswire/ — Briggs Automotive Company (BAC) is continuing its global expansion and today announced the launch of BAC Michigan, signing an agreement with luxury automotive dealership Platinum Motorcars Detroit (PMC) to bring its Mono supercar to the Midwest. Based in Birmingham, Michigan, just north of Detroit, Platinum Motorcars offers premium… Continue reading Briggs Automotive Company Continues U.S. Expansion Into Michigan
Ferrari and Richard Mille Sign a Partnership Contract
Maranello (Italy), 22 February 2021 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari”) announces that Ferrari and Richard Mille have signed a multi-year partnership agreement, which will see the Haute Horlogerie brand become sponsor and licensee for the Prancing Horse.As Scuderia Ferrari Mission Winnow’s Team Partner and Official Watch, starting from the next F1 Season the Swiss… Continue reading Ferrari and Richard Mille Sign a Partnership Contract
Baidu-Geely EV venture names Mobike co-founder as chief
By Reuters Staff 1 Min Read Slideshow ( 2 images ) BEIJING/SHANGHAI (Reuters) – China’s Baidu Inc and automaker Geely hired Mobike co-founder and former chief technology officer Xia Yiping as chief executive of their new electric vehicle venture, the search engine giant said on Monday. Baidu last month had announced it would set up… Continue reading Baidu-Geely EV venture names Mobike co-founder as chief
Apple supplier Foxconn’s EV platform to make debut this year
NEW TAIPEI CITY, Taiwan — Key iPhone assembler Foxconn says the first electric vehicles built using the company’s open software and hardware platform will be released by the end of this year. “This year will mark a significant year for Foxconn’s EV efforts. There will be two to three EV models using our MIH platform’s… Continue reading Apple supplier Foxconn’s EV platform to make debut this year
Renault flags difficult year after record $9.7 billion loss
By Reuters Staff 4 Min Read PARIS (Reuters) – Renault Chief Executive Luca de Meo warned of lingering headwinds in 2021 as a shortage of electronic chips added to uncertainties, after the COVID-19 pandemic dragged the French carmaker to an 8 billion euro loss last year. FILE PHOTO: A logo of Renault carmaker is pictured… Continue reading Renault flags difficult year after record $9.7 billion loss
All Stellantis brands will get a chance; China options open, CEO says – Automotive News Europe
Tavares also said he had created a task force to find out “what went wrong” for Fiat Chrysler and PSA in China, where each company has had weak sales. The task force, consisting of Stellantis’ top five executives, is tasked with finding solutions for a comeback in world’s largest market, Tavares said. When asked if… Continue reading All Stellantis brands will get a chance; China options open, CEO says – Automotive News Europe
@Groupe PSA: PR Upcoming change in ownership structure opens new perspectives for Faurecia, to be presented at its Capital Markets Day on 22 February 2021001222
Texte The completion of the FCA and Groupe PSA merger, effective since 16 January 2021, has given rise to the new Stellantis group, which is now Faurecia’s main shareholder. Faurecia welcomes the decision of Stellantis to distribute in kind to its shareholders its Faurecia shares representing c. 39% of the capital of the company, to… Continue reading @Groupe PSA: PR Upcoming change in ownership structure opens new perspectives for Faurecia, to be presented at its Capital Markets Day on 22 February 2021001222
@Groupe PSA: PR Innovation for sustainable interiors001221
Innovation for sustainable materials is taking place across our Business Groups and within the Sustainable and Smart Product Line. Sustainable solutions for vehicle interiors, inscribed in the “Interior for the Planet” initiative, are developed based on 3 pillars: use less, incorporate recyclable and recycled materials, and create alternatives to petrol solutions, with no impact on… Continue reading @Groupe PSA: PR Innovation for sustainable interiors001221
Volkswagen mulls listing of Porsche AG unit: source
By Reuters Staff 2 Min Read HAMBURG (Reuters) – Volkswagen is considering a listing of its luxury car division Porsche AG to rake in cash needed for the group’s shift towards software and electric vehicles, a person familiar with the matter said on Thursday. FILE PHOTO: A logo of Porsche is seen outside a Porsche… Continue reading Volkswagen mulls listing of Porsche AG unit: source