In a statement, Comau, the robotics unit of carmaker Stellantis said, it has appointed Pietro Gorlier as its chief executive officer, with effect from April 1. Stellantis was created in 2021 following the merger of Fiat Chrysler and Peugeot-owner PSA. Although… Read More ›
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Renault resumes production at Moscow plant
In a statement a spokesperson for French carmaker Renault said, production at its Moscow plant has resumed. Earlier in February, Renault had suspended operations at the plant citing “forced change in existing logistic routes”.
Toyota Motor Corp cuts annual production target citing chip shortage and COVID-19 overheads
On Wednesday, Toyota Motor Corp cut back its annual production target by half a million vehicles following COVID-19 sick leaves and chip shortages crimping the company’s output. Toyota, the world’s biggest carmaker, will build 8.5 million vehicles this year ending March… Read More ›
2022 is likely to be another record sales year: Porsche AG
In an interview with Germany industry magazine Automobilwoche the sales chief of luxury carmaker Porsche AG said, he expects another record year in terms of sales despite the global shortage of semiconductors. “When I look at the current orders, I’m confident… Read More ›
Aston Martin named Doug Lafferty as CFO
On Friday, British luxury carmaker Aston Martin named Doug Lafferty, as its new chief financial officer. Lafferty will replace Kenneth Gregor, who will be stepping down to personal reasons after 18 months on the job. Lafferty is currently the finance chief… Read More ›
Sales to dealers surged by 82% in 2021: Aston Martin
In a statement Aston Martin said, in 2021 sales to dealers have surged by 82%; despite this the British luxury automaker has forecast lower-than-expected annual adjusted core earnings due to fewer-than-planned shipments of its Valkyrie sports cars during the fourth quarter…. Read More ›
Global chip shortage should end by 2022: BMW CEO
In an interview to German daily Muenchner Merkur, BMW’s CEO Oliver Zipse said, the carmaker plans on creating up to 6,000 new jobs in 2022 as it prepares to meet heightened demand for its electric vehicles. “BMW is on a… Read More ›
Blast at had no impact on production: AvtoVaz
Russia’s Interfax news agency has reported a blast at the Russian factory of carmaker AvtoVaz in the city of Tolyatti citing a source. AvtoVaz was quick to downplay the incident saying it has had no impact on production. “On Sunday… Read More ›
Ferrari unveils long awaited high octane Daytona SP3
Ferrari has unveiled a new high octane model – the Daytona SP3, which brings to an end a long wait by lovers of its Icona-series cars. However what could potentially disappoint them is the fact it is an electric vehicle. Housing… Read More ›
2021 revenues and pre-tax profits off to a good start: Daimler AG
On Wednesday, German carmaker Daimler AG said, its revenues in 2021 have got off to a good start. This is despite a global shortage of semiconductors plaguing the automobile industry. Daimler now plans on speeding up the shift towards electric… Read More ›