Larry Dominique has been guiding Peugeot's planned return to the U.S. for four years. It's unclear what his new appointment means for that effort.
Continue Reading the above article 'Peugeot U.S. chief Dominique tapped to lead Alfa N...
Unsecured lenders want to convert their holdings into shares of the reorganized company, which could be traded publicly, Bloomberg reported. That would counter a plan to sell the car rental giant to two investment funds for as much as $4.2 billion.
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Investors have been jumping into EV stocks following the election of President Joe Biden, who they expect will unleash a slew of clean-energy policies.
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The ITC questioned why the second largest U.S. automaker had continued to pursue battery contracts with SK Innovation "after SK's misconduct in this investigation had come to light." In a rebuttal, Ford said it was tied to SK as a battery supplier before any wrongdoing emerged.
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Full-electric vehicles are expected to account for more than 70 percent of the brand's European sales by 2030, VW said as it unveiled its 'Accelerate' strategy.
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Company shareholders will decide on the distribution of the 39 percent stake and the $368 million raised from a previous equity sale in the supplier.
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The Taycan Cross Turismo offers more cargo space and headroom than the Taycan electric sedan. The quickest variant accelerates from 0-62 mph in 2.9 seconds.
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Stellantis, whose brands include Opel, Jeep, Ram and Maserati, plans to have full-electric or hybrid versions of all of its vehicles in Europe, as well as its light-duty vehicles in the U.S., by 2025.
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Viren Popli will take over as interim CEO of Mahindra Automotive North America.
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Automaker purchasing teams are scrambling after the Texas winter storm that shut refineries and pinched supplies of needed byproducts. "This problem is bigger and closer than the semiconductor issue," one auto executive said.
Continue Reading the above article 'Foam shortage looms over seating suppliers, auto p...