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Category Archives: mobility company
Groupe Renault Reveals A New Strategy for China
Renault will continue to provide aftersales service for its 300,000 customers through Renault dealers, and also through Alliance synergies. Further development for Renault brand passenger cars will be detailed later within a new mid-term-plan from Renault. Continue reading
COVID-19 Disrupts the Mobility Industry
“Many cities around the world are currently experiencing lockdowns and ‘shelter at home’ executive orders that have slowed the pace of urban life. Mobility is one of the industries that is being hit directly by the new pandemic in multiple aspects,” Bahrani Fard says. Continue reading
Daimler Facing Profit and Sales Declines Reorganizes
“This will have a negative impact on our earnings in 2020 and 2021. To remain successful in the future, we must therefore act now and significantly increase our financial strength.” Continue reading
Ford Motor Changes Top Exec Roles Again
The changes come as Ford is restructuring operations, investing in the product portfolio and reducing bureaucracy. Ford lost $1.7 billion (42 cents a share) during Q4 2019 compared to a loss of $100 million, or 3 cents a share, year-over-year. This included a previously disclosed $2.2 billion charge for underfunded pensions. Adjusted for one-time items, Ford said it gained 12 cents a share during the year, compared with 30 cents a share a year ago. Revenue fell 5% to $39.7 billion from $41.8 billion a year ago. Global sales, share, earnings, and profits all decreased. Continue reading
Posted in financial results, mobility company, people
Tagged auto industry commentary, autoinformed.com, Jim Farley, Jim Hackett, Kenneth Zino
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Uber and Hyundai Show Full-Scale Air Taxi at CES
The air vehicle concept Hyundai released today was created in part through a NASA-inspired approach that jump-starts innovation by publicly releasing vehicle design concepts so any company can use them to innovate their air taxi models and engineering technologies. Continue reading
Hyundai Motor 2020 Business Direction – Electrification, Autonomous Vehicles, Mobility Services. Sound Familiar?
The plan focuses on securing Hyundai’s leadership in the vehicle electrification, expansion of hydrogen industry ecosystem and self-driving commercialization, as well as the progressive expansion of its mobility services businesses. Continue reading
Mobility Roll of the Die – FCA and PSA Merger
AutoInformed readers likely realized that such mergers are difficult and the road looking backward is littered with abandoned or failed promises of synergies from such ventures. (see AutoInformed : FCA + PSA = Massive Job Losses,and FCA-PSA Merger – Surviving Platforms and Powertrains) Continue reading
BMW Group and Daimler Mobility Hoping to Profit on Joint Ventures. Monetizing a Monopoly or a Joint Survival Bid?
Here’s their commercial aimed at the capital markets and potential customers: “The services offered by the joint ventures will continue to be tailored to customer needs and clustered into three pillars – 1: Free Now. 2: Share Now. 3:Park Now & Charge Now. The introduction of a new umbrella organization, effective 1 January 2020, will support management of these three offerings. Continue reading
Tetsuo Ogawa, to Succeed Jim Lentz as CEO Toyota Motor NA
In his 38-year career, Lentz has been a part of a number of key moments in Toyota’s history. Continue reading
Pew Research Center on Americans’ Views About Privacy, Surveillance and Data-Sharing
Americans say they have very little understanding of current data protection laws, and most are in favor of more government regulation. Continue reading
Volkswagen Group Debuts Investment Plan for 2020-2024
The Group plans to spend nearly €60 billion on hybridization, electric mobility and digitalization in the next five years. Continue reading
Capital Punishment Day for Auto Workers at Daimler
Personnel costs will drop by the end of 2022 as Mercedes-Benz Cars plans to save more than €1 billion in personnel costs. Jobs will be cut in both management and “indirect areas.” Continue reading
FCA + PSA = Massive Job Losses
For enthusiasts as well a workers there are other threats. How about a spin-off FCA’s expensive low-return Alfa Romeo/Maserati operations? Simple math here: It would provide funds for the new FCA-PSA group while improving its utilization rate. Continue reading
Alexandra Ford English to Join Rivian’s Board of Directors
The announcement comes at crucial point for Ford Motor as analysts are speculating that future of a challenged Ford – operational competence, liquidity, as well as quality and warranty issues – will require a merger with another global automaker, perhaps Volkswagen. (Bill Ford has been quoted – second hand – by insiders as saying “No.” Then after a pause “Hell No.”) Continue reading →