BERLIN — Volkswagen’s chief executive, Herbert Diess, won fresh backing from the automaker’s supervisory board on Thursday, but his responsibilities will be pared as the company seeks to win back investor confidence lost in recent weeks during a dispute about his leadership style. As part of a compromise deal reached with Mr. Diess, 63, more… Continue reading Volkswagen’s Herbert Diess to Remain C.E.O., With Less Control
Tag: Strategy
GM brings in partners to build up North American EV supply chain
To reach $90 billion in electric vehicle revenue by 2030, General Motors Co. is continuing to grow a North American-focused supply chain for its coming EVs and on Thursday revealed two new partners in that mission. First, GM has formed a supply partnership for rare earth materials, alloy and finished magnets for electric motors from… Continue reading GM brings in partners to build up North American EV supply chain
@VW Group: Planning Round 70: Volkswagen drives forward electrification of its European plants and presents its plan for transforming the Wolfsburg site004332
Within the framework of Planning Round 70, the Volkswagen Group today resolved to further electrify its European plants in pursuit of its goal of becoming global market leader in electric mobility by 2025. Thus, the Group vigorously drives forward the implementation of its NEW AUTO strategy. The Group headquarters and manufacturing site in Wolfsburg will… Continue reading @VW Group: Planning Round 70: Volkswagen drives forward electrification of its European plants and presents its plan for transforming the Wolfsburg site004332
@VW Group: Volkswagen’s Supervisory Board strengthens Group Board of Management team004331
Volkswagen AG is strengthening its Group Board of Management to deal with the next phase of the transformation. As part of this, the structure of the management body and its functions will be reorganised to make the company even more effective in tackling the challenges of the years ahead. The Group’s Supervisory Board adopted the… Continue reading @VW Group: Volkswagen’s Supervisory Board strengthens Group Board of Management team004331
@VW Group: Porsche Vision Gran Turismo – the virtual racing car of the future004334
06/12/2021 Porsche and the Japanese video game development studio Polyphony Digital Inc., a subsidiary of Sony Interactive Entertainment, present a spectacular vehicle concept. The ‘Gran Turismo’ game series has featured Porsche sports cars since 2017, most recently the Taycan Turbo S. For the launch of the game’s seventh edition, Porsche has, for the first time,… Continue reading @VW Group: Porsche Vision Gran Turismo – the virtual racing car of the future004334
@Toyota: Media Alert: Toyota Motor Corporation BEV Announcement
You’re invited to a live broadcast event hosted by Toyota Motor Corporation President Akio Toyoda on Tuesday, December 14 at 1 a.m. EST (3 p.m. JST). The announcement will focus on Toyota’s future BEV strategy. We welcome you to tune in and watch the English livestream at: https://global.toyota/en/newsroom/corporate/36428993.html* If you are not able to view… Continue reading @Toyota: Media Alert: Toyota Motor Corporation BEV Announcement
German Handelsblatt: Management board restructuring: Herbert Diess remains VW boss – but largely withdraws from operational business003454
Herbert Diess The Volkswagen boss remains in office and is given new tasks. (Photo: alto.press / Alto Press) Düsseldorf At Volkswagen, the dispute over CEO Herbert Diess has been settled, the 63-year-old car manager remains at the head of the Wolfsburg-based group. That is the result of the supervisory board meeting on Thursday. At the… Continue reading German Handelsblatt: Management board restructuring: Herbert Diess remains VW boss – but largely withdraws from operational business003454
@Ford: John C. May, Chairman and CEO of Deere & Co., Named to Ford Board
DEARBORN, Mich., Dec. 9, 2021 – Ford Motor Company’s board of directors elected John C. May to be a director of the company effective today. May will serve on the Finance, Compensation, Talent and Culture, and Nominating and Governance committees. His appointment expands Ford’s board to 15 members. May is chairman and CEO of Deere… Continue reading @Ford: John C. May, Chairman and CEO of Deere & Co., Named to Ford Board
Zoomlion Reveals Pioneering Carbon Fiber Composite Material Technology to Push the Industry Towards its Carbon Neutrality Goal
This is the first pump truck with a carbon fiber boom completely designed and manufactured in China. It has not only improved working efficiency and lowered production costs through Zoomlion’s independently-developed and patented carbon fiber composite material and manufacturing technologies, but also further enhanced its lightweight performance with an innovative carbon fiber composite material-metal hybrid… Continue reading Zoomlion Reveals Pioneering Carbon Fiber Composite Material Technology to Push the Industry Towards its Carbon Neutrality Goal
German Handelsblatt: Auto industry: Volkswagen supervisory board decides to reorganize management board – this remains 003448
VW CEO Herbert Diess The CEO remains, but has to give up some responsibilities. (Photo: dpa) Hamburg After several weeks of power struggle with parts of the supervisory board, VW CEO Herbert Diess is to keep his office. In addition, however, the head of the Volkswagen core brand, Ralf Brandstätter, will move up to the… Continue reading German Handelsblatt: Auto industry: Volkswagen supervisory board decides to reorganize management board – this remains 003448