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Category Archives: mobility company
Longtime Nissan COO Ashwani Gupta Leaving
The timing is less than ideal for the Alliance, which arguably has not recovered from the Carlos Ghosn matter. Now, more internal strife and likely damaging infighting have appeared at Nissan. Only four months ago Renault, Nissan and the Alliance said that they are taking new steps to increase value for stakeholders. These include operational projects in Latin America, India and Europe; enhanced strategic agility with new initiatives that partners can join; and a re-balanced Renault Group-Nissan cross-shareholding and reinforced Alliance governance. The Boards of Directors of Renault Group and Nissan Motor have approved these changes. Continue reading
Paris Air Show – Stellantis and Archer to Debut eVTOL Aircraft
Archer’s Midnight aircraft will be the featured eVTOL aircraft at the Paris Air Show, positioned in the center of the Air Mobility event, which is located in Hall 5 at Le Bourget Airport. Devoted to the latest innovations and emerging technologies in eVTOL, the Paris Air Show’s Air Mobility event will bring together key participants of the emerging sector with three days of discussions on the maturation of advanced air mobility and its impact on the future of aerospace. Continue reading
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
Cleared for Takeoff – Archer Aviation and Stellantis
Stellantis previously said it will provide up to $150 million in equity capital for potential draw by Archer at its discretion in 2023 and 2024, subject to achievement of certain business milestones which Archer predicted will occur during 2023. If AutoInformed’s math is right, manufacturing aircraft at the forecast volumes would make Covington the world’s leading aircraft manufacturing facility. Continue reading →