On November 3rd, Volkswagen presents its first E-SUV coupé, the all-electric top model with premium features based on the modular electric drive matrix (MEB). The new ID.5 and the sporty ID.5 GTX with dual-motor all-wheel drive inspire with expressive design, long-distance capability and the latest software generation. Volkswagen is transforming into the direction of electrification… Continue reading @VW Group: Note for editors: ||The successful ID. family continues to grow: World premiere for the ID.5 and the ID.5 GTX004123
Tag: Strategy
@FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group
November 1, 2021 , AMSTERDAM – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) is pleased to announce completion of the acquisition of F1 Holdings Corp., parent company to First Investors Financial Services Group (“First Investors”), from an investor group led by Gallatin Point Capital LLC. The acquisition, previously announced on September 1, 2021,… Continue reading @FCA: Stellantis Closes Previously Announced Acquisition of First Investors Financial Services Group
Tata Motors Q2 net loss widens to INR 4,415.54 crore
Its revenue from operations stood at INR 10,996.02 crore, compared to INR 5,594.60 crore a year ago. New Delhi: Auto major Tata Motors on Monday reported a widening of its consolidated loss for the July to September 2021 quarter to INR 4,415.54 crore. The company had posted a consolidated loss of INR 307.26 crore for… Continue reading Tata Motors Q2 net loss widens to INR 4,415.54 crore
October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve
The top two carmakers of the Indian auto industry reported a fall in domestic sales ranging from 30 per cent. New Delhi: Diwali is here and so is hope for a better business for the automotive OEMs. Normally, the festive season sales account for about 40% of the annual vehicle sales. But this year the… Continue reading October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve
Tata Motors losses expand on supply side concerns
Tata Motors losses have widened for the third consecutive quarter and the automotive bellwether has posted a consolidated loss of Rs 4,442 crore for in Q2FY2022 compared to a loss of Rs 314 crore in Q2FY2021. The net revenue however came in higher at Rs 61,379 crore, up 14.7 percent from Q2FY2021 revenue of Rs 53,530 crore.… Continue reading Tata Motors losses expand on supply side concerns
Honda Strengthens Commitment to Corporate Social Responsibility in America; Strategy Includes New Charitable Funding Opportunities
“By aligning our CSR strategy around key areas of our societal commitment, Honda is taking steps toward our goal of helping people reach their life’s potential,” said Yvette Hunsicker, vice president of the Corporate Social Responsibility and Inclusion & Diversity Divisions, American Honda Motor Co., Inc. “We are committed to making positive and lasting change… Continue reading Honda Strengthens Commitment to Corporate Social Responsibility in America; Strategy Includes New Charitable Funding Opportunities
Autobrains Announces $101 Million Series C Funding Led by Temasek
Autobrains, developer of self-learning AI for autonomous driving raised $101 million in Series C financing. Tweet this Today’s announcement reflects anticipation from global leaders, including Tier 1 suppliers and OEMs, as well as sophisticated investment funds, that Autobrains is disrupting the advanced driver-assistance systems (ADAS) and autonomous vehicle marketplace with its alternative approach to AI… Continue reading Autobrains Announces $101 Million Series C Funding Led by Temasek
Hankook Tire to Provide Two Original Equipment Fitments for 2022 Nissan Frontier
Optimized for all-season functionality and highway performance, the premium Dynapro HT provides drivers with longer tread wear, improved traction and low rolling resistance. Featuring a snow kerf, multi-depth lateral lugs, and button and semi-solid ribs, the Dynapro HT is also built for improved traction in snow. Its unique cap tread is engineered with an optimized… Continue reading Hankook Tire to Provide Two Original Equipment Fitments for 2022 Nissan Frontier
Atlis Motor Vehicles Forms Strategic Collaboration With EAVX To Develop Electric Commercial Work Trucks
MESA, Ariz., Nov. 1, 2021 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a startup mobility technology company, announced today the signing of a Strategic Collaboration Agreement with the JB Poindexter & Co business unit EAVX to develop electric commercial work truck products that integrate EAVX bodies and accessories with the ATLIS XP platform. ATLIS is developing a fully electric… Continue reading Atlis Motor Vehicles Forms Strategic Collaboration With EAVX To Develop Electric Commercial Work Trucks
BorgWarner to Supply European OEM with SiC Inverters for New Electric Vehicles
AUBURN HILLS, Mich., Nov. 1, 2021 /PRNewswire/ — BorgWarner announced today that its 400V Silicon Carbide (SiC) inverter has been selected to help power various models of a European OEM’s battery electric vehicles. The inverter features dual-sided cooled power switches, providing a significant breakthrough in support of vehicle electrification and offering OEMs superior operational characteristics such… Continue reading BorgWarner to Supply European OEM with SiC Inverters for New Electric Vehicles