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EIB provides FCA credit line for EVs, BEVs

21 September 2020 | Dave Leggett

EIB provides FCA credit line for EVs, BEVs Dave Leggett The European Investment Bank (EIB) is providing financing to Fiat Chrysler Automobiles (FCA) for developing and manufacturing battery electric ... read more


Volkswagen issues green bonds to finance MEB, EVs

18 September 2020 | Dave Leggett

Volkswagen issues green bonds to finance MEB, EVs Dave Leggett Volkswagen Group says it has successfully placed its first green bonds with a volume of EUR2bn earmarked to fund EV projects, including ... read more


VW family silver on the block - report

18 September 2020 | Graeme Roberts

VW family silver on the block - report Graeme Roberts VW Group reportedly is set to sell Bugatti to Rimac of Croatia. Britain's Car magazine said the luxury brand would likely be transferr... read more


Former Ghosn wingman denies charges in Tokyo court

15 September 2020 | Graeme Roberts

Former Ghosn wingman denies charges in Tokyo court Graeme Roberts Former Nissan executive Greg Kelly reportedly has pleaded not guilty to charges he helped former company chief Carlos Ghosn under rep... read more


Daimler settles US regulator and class action diesel emissions cases

15 September 2020 | Graeme Roberts

Daimler settles US regulator and class action diesel emissions cases Graeme Roberts Daimler has confirmed costs of $1.5bn (EUR1.27bn) to settle with US authorities over false emissions readings ... read more


FCA and PSA amend merger terms to conserve cash

15 September 2020 | Dave Leggett

FCA and PSA amend merger terms to conserve cash Dave Leggett The boards of Fiat-Chrysler (FCA) and Peugeot-Citroen (PSA) have agreed to amend terms of their proposed merger in a move designed to furt... read more


"No impact" says McLaren on proposed HQ sale and leaseback

11 September 2020 | Simon Warburton

"No impact" says McLaren on proposed HQ sale and leaseback Simon Warburton McLaren says the potential sale and leaseback of its global headquarters in the UK will have "no impact" on... read more


McLaren puts UK HQ on the block

11 September 2020 | Graeme Roberts

McLaren puts UK HQ on the block Graeme Roberts Supercar maker McLaren Group said it was strengthening its balance sheet by selling its Surrey headquarters in southern England in a deal that could rai... read more


Grupo Antolin opens innovation centre in China, profit plunges

10 September 2020 | Graeme Roberts

Grupo Antolin opens innovation centre in China, profit plunges Graeme Roberts Group Antolin said it had improved its financial position with new COVID-19 financial support loans from Spain, Fran... read more


Toyota Research Institute creates new investment fund

10 September 2020 | Graeme Roberts

Toyota Research Institute creates new investment fund Graeme Roberts Toyota Research Institute - Advanced Development, (TRI-AD) said it would create Woven Capital, a US$800m global growth stage ... read more


General Motors to engineer and make Nikola EV truck

8 September 2020 | Graeme Roberts

General Motors to engineer and make Nikola EV truck Graeme Roberts General Motors has received an 11% ($US2bn) stake in EV startup Nikola and gained the right to nominate one director as it announced... read more


Nissan receives state loan guarantee with COVID-19 relief

7 September 2020 | just-auto.com editorial team

Nissan receives state loan guarantee with COVID-19 relief just-auto.com editorial team Nissan Motor received a record JPY130bn (US$1.23bn) in state loan guarantees in May from the Development Bank of... read more


Geely to list shares on Shanghai STAR exchange

3 September 2020 | just-auto.com editorial team

Geely to list shares on Shanghai STAR exchange just-auto.com editorial team China's Geely Automobile Holdings (Geely) - owner of Volvo Cars - has applied to list its shares on Shanghai's STAR stock e... read more


Ford confirms US white collar jobs axe

2 September 2020 | Graeme Roberts

Ford confirms US white collar jobs axe Graeme Roberts Ford has confirmed earlier reports it would cut about 1,000 salaried (white collar) jobs in the US but will actually eliminate 1,400 posts by t... read more


China’s Xpeng raises US$1.5bn from US IPO

1 September 2020 | just-auto.com editorial team

China’s Xpeng raises US$1.5bn from US IPO just-auto.com editorial team Shares in Chinese electric car manufacturer XPengInc made their debut on the New York Stock Exchange (NYSE) last week under the ... read more


Bankrupt Lifan looks for new investors

1 September 2020 | just-auto.com editorial team

Bankrupt Lifan looks for new investors just-auto.com editorial team Chinese vehicle manufacturer Lifan Industry (Group) Co Ltd has announced it is seeking new investors in the company after the Chong... read more


Motiv Power Systems secures US$15m from GMAG Holdings

25 August 2020 | Simon Warburton

Motiv Power Systems secures US$15m from GMAG Holdings Simon Warburton Motiv Power Systems has secured US$15m of additional funding from GMAG Holdings. Motiv Power Systems is a sustaina... read more


E-scooter firm posts big Q2 rise in revenues and income

19 August 2020 | Dave Leggett

E-scooter firm posts big Q2 rise in revenues and income Dave Leggett As the auto industry reels under the impact of the COVID-19 pandemic this year, an electric scooter firm has posted big rises in r... read more


Mobility House secures EUR15m EIB loan

19 August 2020 | Simon Warburton

Mobility House secures EUR15m EIB loan Simon Warburton Europe's Investment Bank (EIB) and The Mobility House have signed a EUR15m (US$17.9m) financing agreement to promote the integration of electric... read more


Nexteer reports revenues down 33.9% in H1

18 August 2020 | Dave Leggett

Nexteer reports revenues down 33.9% in H1 Dave Leggett Nexteer Automotive has reported financial results for the six-month period ended June 30 that were severely and adversely impacted by the COVID-... read more


Tata Motors denies it will sell stake in JLR

17 August 2020 | Dave Leggett

Tata Motors denies it will sell stake in JLR Dave Leggett Jaguar Land Rover (JLR) parent company Tata Motors has issued a statement denying media reports that it could be prepared to sell a stake in ... read more


JLR 'bailout talks' with UK Government ended - report

17 August 2020 | Dave Leggett

JLR 'bailout talks' with UK Government ended - report Dave Leggett Talks between the UK Government, Tata-owned Jaguar Land Rover (JLR) and Tata Steel - which could have seen the British Government ma... read more


Toyota and Mazda add to Alabama plant spend

14 August 2020 | Graeme Roberts

Toyota and Mazda add to Alabama plant spend Graeme Roberts Mazda Toyota Manufacturing (MTM), the new US manufacturing joint venture between Mazda Motor Corporation and Toyota Motor Corporation in Hun... read more


Daimler US diesel settlement to cost $1.5bn

14 August 2020 | Graeme Roberts

Daimler US diesel settlement to cost $1.5bn Graeme Roberts Daimler said it had agreed a settlement with US authorities over diesel emissions that would cost it about US$1.5bn. The deal includes ... read more


Polestar would like public listing eventually: CEO

12 August 2020 | Graeme Roberts

Polestar would like public listing eventually: CEO Graeme Roberts Polestar, the premium electric vehicle maker owned China's Geely and Volvo Cars, would like to eventually be publicly listed, but... read more


Mahindra to give up control of Ssangyong

11 August 2020 | just-auto.com editorial team

Mahindra to give up control of Ssangyong just-auto.com editorial team India's Mahindra & Mahindra confirmed this week it was prepared to give up its majority ownership of Ssangyong Motor to help ... read more


Porsche SE books after tax loss

10 August 2020 | Graeme Roberts

Porsche SE books after tax loss Graeme Roberts Porsche SE has booked an after tax loss of EUR329m euro for the first six months of 2020 which compares with the EUR2.38bn a year ago. The gro... read more


Magna books substantial losses

10 August 2020 | Graeme Roberts

Magna books substantial losses Graeme Roberts Magna International reported financial results for the second quarter and first half ended 30 June, 2020 with significant operating losses, as expected. ... read more


ZF first-half sales down 27% to EUR13.5bn

7 August 2020 | Simon Warburton

ZF first-half sales down 27% to EUR13.5bn Simon Warburton ZF has recorded first-half sales down 27% to EUR13.5bn (US$16bn) as the supplier reacts to conditions created by the global pandemic. ... read more


Tenneco posts Q2 net loss of US$350m

7 August 2020 | Simon Warburton

Tenneco posts Q2 net loss of US$350m Simon Warburton Tenneco has reported a second-quarter net loss of US$350m, while revenue fell from US$4.5bn to US$2.6bn. "The business impact from the pandem... read more


PSA's Free2Move can start to court new outside investors

6 August 2020 | Graeme Roberts

PSA's Free2Move can start to court new outside investors Graeme Roberts Free2Move, the car rental and car-sharing business developed by PSA Group, now has the capacity to start to court new outside i... read more


Adient books Q3 net loss, sees Q4 recovery

6 August 2020 | Graeme Roberts

Adient books Q3 net loss, sees Q4 recovery Graeme Roberts Seating supplier Adient has announced a Q3 net loss of $325m and a loss of $3.46 per share. Adjusted EBITDA was a loss of $122m, do... read more


BorgWarner posts Q2 net loss of US$98m

6 August 2020 | Simon Warburton

BorgWarner posts Q2 net loss of US$98m Simon Warburton BorgWarner has recorded a second-quarter net loss of US$98m, while sales fell 44% to US$1.43bn. For the first six months of 2020, net sales... read more


Toyota beats analysts with small Q1 profit

6 August 2020 | Graeme Roberts

Toyota beats analysts with small Q1 profit Graeme Roberts Toyota Motor reportedly has booked its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wi... read more


Delphi Technologies records Q2 operating loss of US$60m

6 August 2020 | Simon Warburton

Delphi Technologies records Q2 operating loss of US$60m Simon Warburton Delphi Technologies has posted a second-quarter operating loss of US$60m, compared to an operating income of US$56m in the prev... read more


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