Aston Martin Lagonda Global Holdings is turning to a veteran executive who left the helm of Ferrari six years ago to turn around the British luxury-car maker. Aston Martin named current board member Amedeo Felisa as chief executive officer to replace German manager Tobias Moers, who struggled with a slower-than-expected ramp-up of the 2.4 million-pound… Continue reading Aston Martin CEO to step down, be replaced by ex-Ferrari chief
Tag: FCA
@Ferrari: Q1 2022: ANOTHER STRONG START000243
Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results for the first quarter ended March 31, 2022. Total shipments of 3,251 units, up 17.3% versus Q1 2021 Net revenues of Euro 1,186 million, up 17.3% versus prior year EBITDA of Euro 423 million, up 12.5% versus prior year. EBITDA margin… Continue reading @Ferrari: Q1 2022: ANOTHER STRONG START000243
German Manager Magazine: Aston Martin: Amedeo Felisa replaces Tobias Moers001742
The British sports car manufacturer Aston Martin wants to come out of the crisis with a new management team. Amedeo Felisa (76), former Ferrari boss, takes over the top position at the car manufacturer, which became internationally famous through the “James Bond” films. The previous Aston Martin boss Tobias Moers (56) resigns with immediate effect,… Continue reading German Manager Magazine: Aston Martin: Amedeo Felisa replaces Tobias Moers001742
Aston Martin to replace chief executive with ex-Ferrari boss
Announcement of Tobias Moers’ departure expected on Wednesday morning Go to Source
@Groupe PSA: PR Free2move Reinforces its Worldwide Leadership in Mobility Business by Acquiring Share Now003680
A strategic step towards Stellantis Dare Forward 2030 goal of growing its profitable mobility service Share Now acquisition will position Free2move as the car-sharing leader, adding 14 new European cities to Free2move’s 7 existing mobility hubs in the United States and Europe and enhancing technologic expertise to exceed customers’ expectations Free2move is already a key… Continue reading @Groupe PSA: PR Free2move Reinforces its Worldwide Leadership in Mobility Business by Acquiring Share Now003680
Tesla, new profit champion among automakers
Who would’ve believed that ? Barely a year ago, Tesla’s meager profits came largely from sale of CO2 credits . Today, against all odds, the champion of the electric car has also become the champion of profitability in the automotive industry. According to the ranking established by the firm EY based on the 2021 accounts… Continue reading Tesla, new profit champion among automakers
Stellantis’ $2.8 billion investment secures future for Brampton, Windsor plants
The maker of Chrysler, Dodge, Jeep and Ram vehicles on Monday said it will invest $2.8 billion (3.6 billion Canadian dollars) into its Canadian operations for its electric transition, preserving the futures of both Windsor and Brampton assembly plants and creating its first battery lab in North America. The amount is more than double the commitment Fiat… Continue reading Stellantis’ $2.8 billion investment secures future for Brampton, Windsor plants
@FCA: Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants
May 2, 2022 , Windsor, Ontario – Stellantis today announced plans to invest $3.6 billion CAD ($2.8 billion USD) to secure the future of its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC) to accelerate the company’s move to a sustainable future. This announcement also supports the company’s… Continue reading @FCA: Stellantis Announces $3.6 Billion CAD Investment for Its Canadian Operations to Accelerate Electrification Plans, Secures Future of Windsor and Brampton Plants
Light work: The Coventry designers reimagining Lotus
The main design phases are finished, but there’s still more to do, of course. There’s always more to do. But primary design effort now centres on cars beyond the Eletre. Production isn’t due for another year, but for the 120-strong LTCC team, the major design tasks are past. “It’s a done deal,” says Payne succinctly.… Continue reading Light work: The Coventry designers reimagining Lotus
Ford, Lexus among vehicle recalls this week
U.S. National Highway Traffic & Safety Administration The U.S. National Highway Traffic Safety Administration has issued recalls for April 21 through 28, including a Ford recall involving 652,996 units and a Lexus recall involving 458,054 units. See the list of this week’s car recalls involving ten or more units below, or search USA TODAY’s automotive… Continue reading Ford, Lexus among vehicle recalls this week