Tag: Renault

Indonesia and Thailand bet big on vehicle electrification

There are growing indications that the ASEAN could be seeing growth in electric mobility in the near future. According to an LMC Automotive report, there have recent developments in vehicle electrification in South East Asia, especially in the region’s two key markets of Indonesia and Thailand. Indonesia, which has one of the world’s richest reserves… Continue reading Indonesia and Thailand bet big on vehicle electrification

Nissan to sell 16.4 million Daimler shares

By Reuters Staff 1 Min Read Slideshow ( 2 images ) FRANKFURT (Reuters) – Nissan Motor is selling 16.4 million shares in German carmaker Daimler through an accelerated bookbuild offer, it said on Tuesday. Investors were guided to expect pricing near Tuesday’s closing price of 72.41 euros a share, a bookrunner organising the deal said.… Continue reading Nissan to sell 16.4 million Daimler shares

Jaguar Land Rover shuts two factories due to semiconductor shortage

Jaguar Land Rover (JLR) is temporarily closing two of its UK plants due to a global shortage of semiconductors. The manufacturer’s factories in Castle Bromwich and Halewood will begin “operating a limited period of non-production” from 26 April, while operations will continue at the JLR Solihull plant. In a statement, JLR said: “Like other automotive… Continue reading Jaguar Land Rover shuts two factories due to semiconductor shortage

@Renault: GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021000214

PRESS RELEASE #RenaultResults First quarter revenues supported by price discipline in a still disturbed environment due to the pandemic Group revenues reached €10 billion (-1.1%) in the first quarter of 2021. At constant exchange rates1, revenues would have been up 4.4%. Automotive excluding AVTOVAZ revenues were stable at €8.6 billion. The highlight of the quarter… Continue reading @Renault: GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021000214

Indonesian ride-hailing giant Gojek to completely switch to electric vehicles by 2030 …

Indonesian ride-hailing startup Gojek plans to make every car and motorcycle on its platform an electric vehicle (EV) by 2030 through partnerships with manufacturers and favourable leasing arrangements, co-Chief Executive Kevin Aluwi told Reuters. Gojek announced the plan on Friday under a zero-emission pledge laid out in its first annual sustainability report, which analysts widely… Continue reading Indonesian ride-hailing giant Gojek to completely switch to electric vehicles by 2030 …

Visteon Announces First-Quarter 2021 Results

• $746 million Q1 net sales; 14% increase Y/Y excluding currency • Net income of $16 million in Q1 or $0.56 per diluted share • Adjusted EBITDA of $64 million, 8.6% of sales • $1.8 billion in new business wins     — First microZone™ display award with large North American OEM     —… Continue reading Visteon Announces First-Quarter 2021 Results

French Renault workers take managers captive in bid to stop factory sale

Workers trying to block the sale of a Renault car parts factory held seven managers against their will for 12 hours in the latest “bossnapping” to hit French industry. Managers at the Fonderie de Bretagne, a foundry near the town of Lorient, in Brittany, north-west France, that has been put up sale, were held by… Continue reading French Renault workers take managers captive in bid to stop factory sale

IRP Systems announces $31M series C to further accelerate its Electric Vehicle (EV) powertrain offerings and expand its global reach

IRP Systems provides TrueDrive™, a revolutionary electric powertrain that enables high performance and efficiency while reducing the weight, size and overall cost of the powertrain in electric vehicles of all sizes. Using the company’s cutting-edge electric motors and controllers, electric vehicle manufacturers can eliminate the industry’s tradeoff between cost and performance. “The automotive industry is… Continue reading IRP Systems announces $31M series C to further accelerate its Electric Vehicle (EV) powertrain offerings and expand its global reach