Version of 07/29/2022
US: Ford is driven by high demand and rising prices
(AFP) – Ford posted second-quarter results that beat expectations, as the automaker took advantage of strong demand for its vehicles to raise prices.
Builders
Rivian lays off 6% of its workforce
(AFP) – Rivian, which has been struggling to catch up since the delivery of its first electric cars last year, will cut its workforce by 6%, which equates to around 840 jobs, its boss announced Wednesday in an internal message. advised by AFP.
Builders
Nissan is sticking to its goals despite the headwind
(AFP) – Japanese carmaker Nissan on Thursday reported a drop in profit in the first quarter of its fiscal year, due to headwinds, but reaffirmed its annual targets.
Builders
Volkswagen wants to be confident despite a mixed start to the year
(AFP) – Europe’s top car group Volkswagen, reeling from the sacking of its boss, posted mixed results on Thursday with net profit in the second quarter weighed down by an accounting impact but an increase in the six months the first of the year. year.
Builders
Panasonic: profit down but forecast unchanged
(AFP) – Japanese technology group Panasonic saw its profit for the first quarter of 2022/23 fall due to supply disruptions and rising raw material costs, but left its full-year guidance unchanged.
Equipment manufacturers
Faced with inflation, “difficult” negotiations for subcontractors and car manufacturers
(AFP) – In an unfavorable context marked by rising raw material and energy prices, French automotive subcontractors are trying to renegotiate their contracts to cover their costs, at the cost of tension with manufacturers and with no guarantee of success.
Equipment manufacturers
Peter Tadros new President of Bosch Powertrain Solutions North America
Peter Tadros has been appointed President of Bosch’s Powertrain Solutions North America, succeeding Sujit Jain.
An appointment
WISDOM: the initiative of the WAVE association for the inclusion through employment of senior women
Employment of over 45s is one of the biggest challenges for diversity and inclusion in companies today. In this context, the goal of the WISE program, created by the WAVE association with the support of the Renault Group Foundation, is the inclusion through employment in the automotive sector of vulnerable elderly women.
Post-edit
Bymycar takes over the BMW-Mini branch in Madrid
The Bymycar Group continues its expansion into France by purchasing the BMW-Mini branch in Madrid, employing 174 employees with sales of more than 200 million euros.
Networks
GM, Volkswagen and China: ‘I wouldn’t want to be in their shoes,’ Tavares says.
In Stellantis’ strategic plan “Dare Foreward 2030”, China is the “light of wealth”. Carlos Tavares explained his analysis of the evolution of the business model in China which has become “very political” and the possibility of an Iran or Russia type situation. He returned to the decision to break the partnership with GAC.
Builders
Stellantis, which accounts for 40% of its sales, announced Carlos Tavares
Always better, always more. The group led by Carlos Tavares, which posted record results in 2021, performed better in the first half of 2022 with an operating rate of 14.1%. In an increasingly chaotic world, only a reduction in the break-even point can protect the company, emphasized Carlos Tavares.
Builders
More taxation would be ‘counterproductive’, says Stellantis CEO
(AFP) – Taxing profits would be counterproductive, Stellantis CEO Carlos Tavares said Thursday, after announcing first-half profits for his group.
Builders
Announcements of an increase in semiconductor production, car production is still far from returning to normal
Based on recent announcements from semiconductor suppliers, the horizon seems to be finally clear in terms of delivery. If that can be true, the auto industry is not out of the woods. It will still be many months before production catches up to demand and even more to compensate for some of the volume losses, especially since the shortage of semiconductors is not the only one affecting car production.
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Peter Tadros new President of Bosch Powertrain Solutions North America
Peter Tadros has been appointed President of Bosch’s Powertrain Solutions North America, succeeding Sujit Jain.
07/29/2022
Peter Vogel becomes President of Porsche Brazil
Effective September 1, 2022, Peter Vogel will succeed Andreas Marquardt as President and CEO of Porsche Brazil.
07/28/2022
Claire Fanget was appointed Human Resources Director of the Renault brand
From 1 September 2022, Claire Fanget will be a member of the human resources management committee of the Renault brand.
07/28/2022
Thomas Kiesele was appointed chief commercial officer of Morgan
Thomas Kiesele joined Morgan Motor Company as Chief Commercial Officer.
07/27/2022
Ulrike von Mirbach was appointed Business Director of the Mini Region for Europe
Since July 1, 2022, Ulrike von Mirbach has taken over the management of the European region of the Mini brand, succeeding Pierre Jalaby.
07/27/2022
Robert Laishley the new chief executive of Caterham
Robert Laishley appointed managing director of Caterham Cars, succeeding Graham Macdonald.
07/26/2022
Glauber Fullana was appointed Vice President of Production for Stellantis in Latin America
Glauber Fullana has taken over as general production manager for the South American region of Stellantis, succeeding Pierluigi Astorino.
07/26/2022
John Cappella the new President of Porsche Canada
Effective September 1, 2022, John Cappella will be appointed President and CEO of Porsche Canada, succeeding Marc Ouayoun.
07/25/2022
Bosch is reorganizing its Mobility Solutions model
Bosch is reorganizing its Mobility Solutions business into a business area with responsibility for profit and loss, and at the same time announces the creation of a five-member industry board from 1 October 2022.
07/25/2022
Changes within the Volkswagen Group France
From September 1, 2022, Volkswagen Group France is strengthening its management board with three changes and creating a mobility department entrusted to Lahouari Bennaoum. Marc Ouayoun returns to France as head of Audi and Valérie Pivert-Diallo is appointed director of human resources.
07/22/2022
Scott Keogh appointed President of Scout, the new Volkswagen Group entity in the United States
Volkswagen Group Americas President Scott Keogh becomes President of the new Scout model dedicated to electric crossovers and pickups for the American market, effective September 1, 2022.
07/22/2022
Pablo Di Si was promoted to Chairman and CEO of Volkswagen Group Americas
Effective September 1, 2022, Pablo Di Si will succeed Scott Keogh as head of Volkswagen Group Americas and will also be President and CEO of the North American region of the Volkswagen brand.
07/21/2022