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BMW Group’s sustainability goals aimed at putting more than seven million vehicles with electrified drive systems on the road worldwide by 2030, two-thirds of them all-electric variants. Ten-year plan With a ten-year plan for sustainability, the BMW Group wants to […]
The PSA Group recently briefly announced that from 2023 its new cars will be equipped with infotainment systems with Android Automotive OS, Google’s open-source platform for vehicles. PSA will need some time to implement Android on its cars (the group […]
On Thursday, the 13th of August, the German car manufacturer, Daimler, has announced that it will pay $2,2 billion (€1,85 billion) of fines and compensations as the result of an agreement with the American authorities. The agreement contains two parts: […]
Worldwide, water shortage or (sometimes) flooding are growing concerns. Also, in the financial world, such concerns are ventilated. But apparently, not everybody is already conscious of the big problem that is looming ahead. “Investors underestimate the risk of water shortage […]
A lot of automotive suppliers are trying to survive the corona crisis by cutting massively in costs. Most popular are general expenses (overhead), R&D, and, finally, personnel. Thanks to these measures and a sales revival, they hope to be in […]
Unappropriate smartphone use seems to be the third big killer of younger drivers. The other two are the obvious ones: alcohol and drugs behind the wheel and excess speed. 17% of the people killed in traffic last year in Belgium […]
The German industry gives signs of a fast, so-called V-shaped recovery, after the corona crisis. Is this going to spread throughout Europe, or do we have to be careful about too much optimism? Experts in macro-economics use characters to visualize […]
Japanese car manufacturer Toyota, one of the big three in the world, can join the very limited group of carmakers (Tesla, PSA,…) that didn’t go into the red (yet) because of the corona crisis. It’s also one of the few […]
The Japanese car manufacturer, Nissan, has accepted to postpone the closure of its industrial complex in Barcelona with one and a half years. This has been announced on Wednesday the 5th of August by the Spanish workers union USO. “The […]
Mercedes-Benz’s flagship will get in its electric version, EQS, which is to be launched next year, an estimated range of 700 km (WLTP) thanks to a newly developed battery pack using Chinese CATL battery cells. The German car manufacturer, Mercedes-Benz, […]
Car-sharing service Share Now, active in the City of Amsterdam, has noted that car-sharing is becoming increasingly popular in these corona times. Compared to last year, the average renting time and the average mileage of a shared car have increased. […]
Jim Hackett, Ford’s CEO since 2017, is leaving the company and will be succeeded by James D. Farley, at the moment COO of the Dearborn-based car manufacturer. Farley is a real ‘car guy’ who began his career at Ford in […]
For the second time this year, Ferrari has revised its business prognosis for 2020. It hoped to reach a turnover of €4,1 this year, now expectations are that it will be close to €3,5 billion. In the second quarter, the […]
The corona crisis has a blistering impact on the Europen car industry. After the disastrous figures for the first half-year have been published, manufacturers and experts try to figure out what will be the lasting consequences. Germany In Germany, the […]
Like almost all car manufacturers, Fiat Chrysler Automobiles has lost money in the second quarter of the year. But the loss is less than expected, a proof for FCA’s managers to re-insist on the soon-to-realize fusion with PSA. The latter […]
“Fisker Inc. is planning a portfolio expansion to a four-vehicle range by mid-decade, supporting the company’s long-term goal for Electric Mobility as a service.” That’s the release we got on Thursday from the recently founded electric car manufacturer with the […]
In the first half of this year, the French car manufacturer Renault has suffered the highest net loss in its existence: €7,3 billion. The newly appointed CEO, Luca de Meo, consequently wants to change the business system: “We are going […]
Luca de Meo is officially the new CEO of Renault since the 1st of July. He has started his new job with a bang. After taking the chief designer of Seat, Alejandro Mesonero-Romanos, with him (announced last Monday), he has […]
Like all car manufacturers, the PSA Group is also suffering heavily from the corona crisis. Nevertheless, the group stays profitable, even in the first half of this corona year. It also strengthens its position in the fusion deal with FCA, […]
Thierry Bolloré, the former CEO of Renault, has been appointed as the new CEO of the Tata-owned car manufacturer Jaguar Land Rover. The Indian group Tata Motors has communicated that Mr. Bolloré will take over from Ralph Speth on the […]
On Monday the 27th of July, Japanese car manufacturer Mitsubishi unveiled its new mid-term business plan under the name ‘Small but Beautiful’. The relatively small manufacturer now concentrates all efforts on its core business and markets and freezes investments in […]
The French Ministry for Ecological Transition has given some details on the new conversion premium to be installed as of the 3rd of August. The income threshold to benefit from the premium will be lowered; the premiums themselves will be […]
Polestar, the new car manufacturer of electric vehicles and daughter of the Chinese Geely Group, has opened its first ‘Space’ in Brussels, the third in the world, after Beijing and Oslo. Later, there will be three more in Belgium, in […]
Last week, Nissan presented its second full-electric passenger car, the Ariya. It’s also the sign for the new Nissan strategy to be developed. We had a brief virtual meeting with the CEO and COO and spoke with the newly appointed […]
The Colruyt family, the family that gave its name to one of the biggest retailers in Belgium, has invested in VoltStorage. This German start-up produces big batteries for home-storage of locally produced electricity (solar panels, wind…) Via their private holding […]
Despite a loss of € 1,68 billion for the second quarter, Daimler performed better than expected on the stock market in the last days. On the other hand, there’s more and more confirmation that 20 000 people will have to […]
In Germany, you can drive a Renault Zoë free of charge. How is this possible? Two reasons: manufacturers need electric cars to lower their average fleet consumption, and many governments subsidize heavily after the corona crisis. Autohaus König, a large […]
German car manufacturer, BMW, has concluded a long-term agreement with the Swedish battery manufacturer, Northvolt, for sustainably manufactured battery cells. As of 2024, the order volume would turn around 2 billion euros. The cells will be produced in the Northvolt […]
On Wednesday, Fiat Chrysler Automobiles and PSA Group revealed the name of the new concern: Stellantis. The new group will be the fourth in the world volume-wise, and the third worldwide when you consider turnover. Stellantis comes from the Latin […]
On Wednesday, 15 July, Nissan presented its new electric SUV crossover, the Ariya, in a new pavilion in its home turf Yokohama. In Europe, the newcomer will be available in five versions, two front-wheel driven, and three four-wheel driven. The […]
“The intentions to save money on public transport to cut losses in the aftermath of the corona crisis is not a good idea,” says Bert van Wee, professor transport policy at TU Delft. People are afraid to use public transport […]
The giant fusion deal between Fiat Chrysler Automobiles (FCA) and the PSA Group risks turning turtle. Analysts still think that it can work, but they are questioning the 50/50 deal. An equilibration even less justified since FCA has a state-certified […]
The European Court of Justice has decided that the consequences of the installation of emissions-cheating software in VW products (the so-called dieselgate affair) can be prosecuted all over the EU. The judgment of the Court was issued because Volkswagen was […]
On Wednesday, Spanish car manufacturer Seat has announced it will be investing €5 billion in Spain between 2020 and 2025, mainly in the development of the electric car. A large part of this budget will be dedicated to “R&D projects […]
“Daimler can do better. And we will do it.” That was the message of CEO Ola Källenius on Wednesday at the general assembly of the group. An essential part of accomplishing this will be the green conversion Daimler is going […]
