Click for more.
Stellantis (NYSE: STLA) said today that its joint-venture with Galloo metal recycling, called VALORAUTO,* is now offering automotive recycling to private owners in France, Belgium and Luxembourg. This is an extension of the professional service that began in November 2023. It will make it possible to reduce the environmental impact of end-of-life vehicles and meet the automaker’s requirements in terms of Extended Producer Responsibility. VALORAUTO is part of Stellantis’ Circular Economy business strategy.
This is the result of a new French regulation (AGEC),** which requires manufacturers to provide solutions to manage the end-of-life of their products. Stellantis intends to set up its Individual System with VALORAUTO as its Service Provider. The VALORAUTO service will be offered to private owners not only in France but also in Belgium and Luxembourg in what looks to be an attempt to get out in front of an expansion of the regulation in the EU. Continue reading
Lexus Defection – Vinay Shahani Goes to Nissan North America
Nissan North America said today it has named Vinay Shahani as senior vice president, US Marketing and Sales. His appointment is effective 18 January. Shahani was Vice President of Marketing, Lexus USA. Shahani replaces Mike Colleran, who is retiring from Nissan on 31 March, after more than 12 years in top regional and global positions.
“As we accelerate the transformation we started with Nissan NEXT, Vinay brings a unique blend of Nissan background and experience with successful global automotive brands,” said Jérémie Papin, chairperson, Nissan Americas. “Vinay is an ideal choice to lead our brands into the future, driving performance and innovation while maintaining our people-centric culture.” Continue reading →