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Category Archives: mobility company
Stellantis to Buy Back More Shares
Stellantis is one of the world’s leading automakers and a mobility provider. Its brands include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2Move and Leasys. Stellantis N.V. posted record full year 2022 results with €16.8 billion Net profit and €23.3 billion Adjusted Operating Income (AOI). Stellantis was formed by a merger of FCA and PSA in January of 2021. Continue reading
Ford Reshuffling with Retirements, and a Defection Announced
Ford Motor Company (NYSE: F) said in Dearborn this morning that corporate officers are retiring after three-decade careers, an executive is returning to the auto industry to lead global supply chain operations, and an under warranty new Ford Blue executive is departing to become CEO of a major transportation and logistics business. Continue reading
Ford CEO says China is the Main Competitor, Not GM
“If you localize Chinese technology in the US – the customer is going to get screwed,” Farley said. The candid, tough talk comes at a time when Ford is investing more than $50 billion (2022 through 2026) in electric vehicles and battery components. Ford is on track to reach an annual targeted production run rate of 600,000 electric vehicles globally by the end of 2023, and 2 million by the end of 2026. Electric vehicles are expected to account for half of the company’s sales by 2030. Continue reading
First Look – BMW 5 Series – Generation Eight
BMW today revealed the new 5 Series, which for the first time ever will have a fully electric version. One of the most enduring and popular mid-size sports luxury sedans, more than 10 million have been assembled since its 1972 … Continue reading
Toyota Auto Insurance Now in California
“This expansion represents a significant milestone in our rollout of Toyota Auto Insurance,” said Rob Spencer, Toyota Insurance President. “Drivers in the Golden State are now able to benefit from the exceptional value and top tier service offered by Toyota Auto Insurance.” Continue reading
Annals of Marketing – Fully Electric Toyota bZ4X Ads Debut
What’s called a fully integrated bZ4X campaign was developed by Saatchi & Saatchi and Intertrend, with consideration of the transcultural mainstream audiences across America – a refreshingly awakened approach, despised by real or legislative fascists and neo-Nazis. Toyota said its campaigns “are integrated through one strategic brief, creative idea, and media plan – and create a cohesive marketing approach.” Continue reading
Stellantis Shareholders Approve €4.2 Billion Dividend
The proposed distribution means a payment to the holders of common shares of €1.34 per outstanding common share. Shareholders holding common shares traded on the NYSE will receive $1.463548 per common share based on the official USD/EUR exchange rate reported by the European Central Bank on 12 April 2023. Continue reading
Ford – Most Hourly Workers, US-Assembled Vehicles, Exports
“Ford has bet on American workers, including the UAW, more than any other automaker. This commitment combined with great product and innovation, has earned us the loyalty of customers and returned Ford to America’s best-selling brand so far this year. We could make different decisions, as many others have done to reduce costs, but Ford is different. We will find ways to be lean and competitive while investing in our home market,” claimed Jim Farley, Ford president and CEO. This is, of course, a UAW contract negotiation year starting this summer with many recent Ford jobs going to Southern states hostile to unions. Continue reading
First Look – 2025 Ram 1500 REV
As is the case with GM and Ford Motor EV pickup offerings now on sale, vehicle-to-vehicle, vehicle-to-home and vehicle-to-grid bi-directional charging thus far in theory provides the 1500 REV with the flexibility to charge another Stellantis battery-electric vehicle or send power back to the grid. The truck can also power a home during a storm, run a tailgate party, and provide power at a camp or jobsite. Continue reading
Ford Collaborates with Chinese Huayou on EV Battery Nickel
“This framework gives Ford direct control to source the nickel we need – in one of the industry’s lowest-cost ways – and allows us to ensure the nickel is mined in line with our company’s sustainability targets, setting the right ESG standards as we scale,” said Lisa Drake, vice president for Ford Model e EV industrialization. “Working this way puts Ford in a position to help make EVs more accessible for millions and to do it in a way that helps better protect people and the planet,” claimed Drake. Unmentioned by Drake is that Vale is conducting research in bio-leaching, which eliminates acid for leaching metals from ore by using bacteria to convert the metals such as nickel into a soluble form. Continue reading
GM Adding Tesla Supercharger Network to Ultium Charge 360
General Motors Co. (NYSE: GM) is following Ford Motor Company expanding EV charging access to the Tesla supercharger network. GM customers will be able to access 12,000 Tesla Superchargers and growing beginning in early 2024 as part of the ongoing Ultium Charge 360 plan to expand access for residential, work and public charging. This builds on the more than 134,000 chargers available to GM EV drivers today through the company’s Ultium Charge 360 program and associated mobile apps. Continue reading →