Swedish truck maker AB Volvo dropped the chief executive of Volvo Cars from its board after Chinese billionaire Li Shufu, founder and chairman of Zhejiang Geely Holding Group, bought a 9.7 per cent stake in German car manufacturer Daimler. The move is the latest sign that the global auto industry is ratcheting up pressure on… Continue reading CEO of Geely-owned Volvo Cars loses board seat at truck maker after Li Shufu buys Daimler stake
Tag: Strategy
Pony.ai Launches Autonomous Vehicle Fleet in China, Announces Strategic Partnership with Top OEM Guangzhou Automobile Group
FREMONT, Calif., Feb. 27, 2018 /PRNewswire/ — Earlier this month, Pony.ai held a special event in China during which it launched its autonomous ride-sharing fleet, becoming the first company to offer self-driving car rides on city roads to the general public in China. Event attendees were able to experience Pony.ai’s fully self-driving cars on a 2.8km… Continue reading Pony.ai Launches Autonomous Vehicle Fleet in China, Announces Strategic Partnership with Top OEM Guangzhou Automobile Group
A car of no compromise: the all-new Kona Electric
“Hyundai Motor is already leading in future mobility solutions,” says Andreas-Christoph Hofmann, Vice President Marketing and Product at Hyundai Motor Europe. “By launching our All-New Kona Electric, we are pushing our ambitious eco car strategy forward. It’s a car of no compromise – combining an SUV body type with electric-mobility. It represents Hyundai’s progressive character.… Continue reading A car of no compromise: the all-new Kona Electric
On the road to success with e-performance
Porsche is using a hybrid strategy in the current Panamera series, which has been adapted from the super sports car 918 Spyder. Selected journalists were able to get an idea of this at hybrid trackdays in Portimao.
UK motor industry issues warning shot on CO2 targets as anti diesel backlash means UK could miss environmental goals
New cars on sale in 2017 emit -12.6% less carbon dioxide than the equivalent older models,but average UK new car CO2 rises 0.8%. New report finds shift away from diesel responsible for almost half of CO2 increase – with ‘disappointing’ electric car sales unable to bridge the gap. Tough EU industry targets looking increasingly challenging… Continue reading UK motor industry issues warning shot on CO2 targets as anti diesel backlash means UK could miss environmental goals
Gestamp recorded revenues of €8,202m in 2017
2.26.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has recorded revenues of €8,202m in 2017, according to its full year results. Revenues have increased by 8.6% over the previous year, more than six times the growth of production volumes in Gestamp’s footprint… Continue reading Gestamp recorded revenues of €8,202m in 2017
LimeBike introduces e-bikes and e-scooters, marks first two successful months in Europe
BARCELONA, Spain, Feb. 26, 2018 /PRNewswire/ — On the occasion of Mobile World Congress in Barcelona, LimeBike – the leading smart mobility solution provider is officially announcing the launch of electric scooters, Lime-S, along with the largest deployment of shared electric-assist bikes, Lime-E in Europe. LimeBike is the first company to have a market-ready multi-modal smart… Continue reading LimeBike introduces e-bikes and e-scooters, marks first two successful months in Europe
Aston Martin gears up for IPO with first pre-tax profit since 2010
LONDON (Reuters) – Aston Martin delivered its first annual pre-tax profit since 2010 on Monday after last year’s sales reached a nine-year high, while the luxury British carmaker also confirmed it is considering a stock market flotation. Pre-tax profit reached 87 million pounds ($122 million) last year at fictional spy James Bond’s car brand of… Continue reading Aston Martin gears up for IPO with first pre-tax profit since 2010
Datsun expands African footprint to Zimbabwe
Datsun will introduce in Zimbabwe the Datsun GO, GO+ as well as the Datsun GO+ PV HARARE, Zimbabwe – Datsun is expanding its footprint on the African continent with the launch of the Datsun lineup – the Datsun GO, Datsun GO+ and the Datsun GO+ panel van – in Zimbabwe. The models are designed to… Continue reading Datsun expands African footprint to Zimbabwe
Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia
PSA’s Chief Executive Carlos Tavares had said last month that it was hard to decide upon the group’s strategy for Vauxhall given lack of clarity over Britain’s plans to leave the European Union. PARIS: French carmaker PSA and Malaysian company Naza Corp have signed a deal to jointly produce PSA-branded cars for Malaysia and other… Continue reading Carmaker PSA, Malaysia’s Naza sign deal to produce PSA cars for Asia