According to foreign media reports, electric truck manufacturer Nikola confirmed that the company will carry out a new round of layoffs. Nikola is currently in great financial trouble, and the hydrogen-powered truck manufacturer is making a last-ditch effort to avoid bankruptcy. More than two years ago, Nikola’s founder and former CEO was convicted of fraud for lying to shareholders about the company’s technology. At that time, many people thought that this would be the end of the company, which was once worth $34 billion, but now the company is still alive. Although it is just lingering on, it is still struggling to support. In the past two years, Nikola […]
Sona Comstar, a leading Indian auto parts manufacturer, is accelerating its internationalization strategy and actively negotiating with automakers in China, Japan and South Korea to provide high-performance parts for electric vehicles (EV), hybrid electric vehicles (HEV) and internal combustion engine vehicles (ICE) to these markets. The company hopes to take this opportunity to further expand its global market share outside North America and Europe. Sona Comstar’s move is aimed at responding to the rapid transformation of the global automotive industry, especially the surge in demand for electrification, intelligence and sustainable development. The company plans to meet the growing demand for electric vehicles by providing key components such as advanced […]
According to Reuters, on December 11, Frank Sell, deputy chairman and key mobile solution department of Bosch, the world’s largest automotive parts supplier Bosch, said the company’s recently announced a series of layoff plans, It has forced Germany to face risks for about “8,000 to 10,000” jobs. It is reported that Bosch has approximately 135,000 employees in Germany. Frank Sell said the overall layoff plan of Bosch made it difficult for employees to accept. At the same time, when asked if Bosch employees would hold a strike like Volkswagen Group employees, Frank Sell said that labor representatives and trade […]
Stellantis expects that the company’s electric vehicle sales next year will be far higher than the “minimum level required to meet the EU’s stricter CO2 emission targets.” Stellantis Chief Financial Officer Doug Ostermann said that this confidence is based on market demand for the company’s new electric vehicles. Doug Ostermann said at the Goldman Sachs Automotive Conference that orders for Stellantis’ new Citroen e-C3 pure electric small car (starting at 23,300 euros in Germany) and strong market demand for Peugeot 3008 and 5008 pure electric SUVs far exceeded the company’s compliance ratio, enough to achieve the EU’s 2025 carbon emission targets. Next year, the EU will require automakers to […]
CYVN Holdings, an Abu Dhabi-based investment company, has finalized a deal to acquire McLaren’s sports car business from Bahrain’s sovereign wealth fund Mumtalakat Holding. The Abu Dhabi government said in a statement that the deal also gives CYVN a non-controlling stake in McLaren’s racing business. The two parties are reported to have signed the deal on November 9. The statement said the acquisition will enable CYVN to “redefine high-performance travel.” CYVN did not disclose the size of its investment in McLaren. CYVN said in a statement that the deal will give McLaren Automotive access to more funds, advanced engineering expertise and technology, especially in the field of electric vehicles. […]
According to Reuters, sources revealed that American electric vehicle manufacturer Tesla has begun to find the site selection in the Show Hall in New Delhi, India, indicating that Tesla is re -considered entering the Indian market. Sources said that at present, Tesla is negotiating with DLF, the largest real estate developer in India to help Tesla get room for opening the exhibition hall in the Indian capital area. Sources said that it is not certain whether Tesla will reach an agreement with DLF, and Tesla is currently negotiating with other companies. It […]