Stellantis NV CEO Carlos Tavares says Ford Motor Co.’s restructuring to separate the company’s legacy business from its electric-vehicle operations is a way to impress investors — not consumers who should be the priority. Ford Motor Co. this week said it’s creating two “distinct, but strategically interdependent” businesses: Ford Blue, home of the legacy business whose profits and… Continue reading Stellantis CEO: Ford’s EV, legacy restructuring is ‘HR challenge’
Tag: Renault
Tavares: Lack of parts to force end to operations in Russia for Chrysler-parent Stellantis
Chrysler-parent Stellantis will be forced to end its operations in Russia, according to CEO Carlos Tavares. The exact timing wasn’t made clear, but Tavares cited as factors the disruption to the supply chain and Western sanctions in the wake of the invasion of Ukraine. A company task force is working to monitor the sanctions to… Continue reading Tavares: Lack of parts to force end to operations in Russia for Chrysler-parent Stellantis
Carlos Ghosn Blasts Tokyo Judge Who Called Him Greedy – The Wall Street Journal
TOKYO—A Tokyo judge lashed out at fugitive car executive Carlos Ghosn, calling him a greedy and malicious criminal, and Mr. Ghosn said the statements proved why he couldn’t have gotten a fair trial in Japan. Thursday’s ruling by the Tokyo District Court was probably as close as Japanese courts will get to rendering a verdict… Continue reading Carlos Ghosn Blasts Tokyo Judge Who Called Him Greedy – The Wall Street Journal
Ex-Nissan executive convicted over Ghosn pay case
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Ex-Nissan executive found guilty of helping Carlos Ghosn commit financial crimes
Ex-Nissan executive found guilty of helping Carlos Ghosn commit financial crimes Tokyo court gives US citizen Greg Kelly, who was arrested in 2018, six-month suspended sentence for aiding the now-fugitive Ghosn Former Nissan executive Greg Kelly arrives at Tokyo district court on Thursday. He was given a six-month suspended sentence for helping Carlos Ghosn conceal… Continue reading Ex-Nissan executive found guilty of helping Carlos Ghosn commit financial crimes
Polestar’s second concept car is a convertible with an integrated drone
With the Polestar 2 already in production, Polestars 3 and 4 on the horizon and the Precept concept slated to become the Polestar 5 in 2024, Polestar the company has just unveiled its latest electrified vehicle idea: the Polestar O2 convertible concept. Polestar “Polestar O2 is our vision of a new era for sports cars,”… Continue reading Polestar’s second concept car is a convertible with an integrated drone
Renault’s Mégane E-Tech: a seductive bet on the EV future
Renault’s new 100%-electric Mégane E-Tech is the French company’s non-hedged bet it can convince drivers they’ve nothing to lose in swapping their traditional ICE rides for modern a EV – and gain considerable performance, cost, and flair advantages in the bargain. A day test driving the car on the roads of southern Spain suggests the… Continue reading Renault’s Mégane E-Tech: a seductive bet on the EV future
CEAT rejigs focus on high-margin growth areas
CEAT’s Nagpur plant caters to the requirements of two-wheeler tyres Having scaled down its capex plans for this fiscal, CEAT is rejigging its focus to high-margin products in domestic and overseas markets. The company’s leadership has identified passenger cars, two-wheelers, off-highway trucks (OHT) and exports as strategic areas with higher margins, and which will help reduce the company’s… Continue reading CEAT rejigs focus on high-margin growth areas
Automotive: how the crisis has shaken up the ranking of manufacturers
Posted Feb 28 2022 at 6:58 amUpdated 28 Feb. 2022 at 7:04 Stellantis remained in sixth place in the Top 10 manufacturers worldwide, like last year. The group born of the merger between PSA and Fiat Chrysler, which has just published its volumes for 2021, announced consolidated sales of 5.9 million vehicles last year: a… Continue reading Automotive: how the crisis has shaken up the ranking of manufacturers
German Manager Magazine: Volkswagen, Avtovas, Russia, Knorr-Bremse, Porsche: manage:mobility from manager magazin001570
When my two colleagues Margret Hucko and Michael Freitag recently spoke to executives from the Volkswagen Group for research, they reported on a memorable round. A management consultant was connected to an internal video conference, who shook the VW people with his radical views on the transformation of the carmaker. Since then it was clear… Continue reading German Manager Magazine: Volkswagen, Avtovas, Russia, Knorr-Bremse, Porsche: manage:mobility from manager magazin001570