Stellantis France announces a new commercial organization for December 1st

Edition of 05/10/2022

The Maurin Group continues its investments in the Mercedes network in Belgium

On September 30, the Maurin group took over two Mercedes branches in the suburbs of Brussels, which weighed 102 million euros in turnover.

Network

Agostino Mazzocchi new director of B2C sales for Michelin Northern Europe

Agostino Mazzocchi becomes director of B2C sales for Michelin’s Northern Europe region, succeeding Theres Gosztonyi.

Appointments

Rental company Sixt orders thousands of electric vehicles from China’s BYD

(AFP) – German rental company Sixt has ordered “thousands” of electric cars from Chinese sector leader BYD Group, the two companies announced on Tuesday.

Markets

Volkswagen brands are preparing for a possible IPO

(Reuters) – Volkswagen’s brands are preparing for possible initial public offerings (IPOs), Chief Executive Oliver Blume told Handelsblatt newspaper on Tuesday, without saying whether further IPOs were planned.

Builders

US: Auto sales remain slow in Q3, General Motors scores points

(AFP) – Automakers saw mixed performance in the third quarter in the US, with General Motors managing to do well thanks to a better-oiled production chain, while Toyota or Jeep saw their sales fall again.

Markets

Rivian’s share price rises after record sales

(Reuters) – Shares in Rivian Automotive rose nearly 8% on Tuesday after the company delivered a record number of vehicles in the third quarter and reaffirmed its goal to produce 25,000 vehicles this year.

Builders

Lada sales rose 20% in September

(Reuters) – Russian carmaker Avtovaz posted a 20.1% increase in sales of its Lada brand in September, the company said in a statement on Tuesday.

Builders

Former Tesla boss joins General Motors

(Reuters) – A former chief executive of Tesla and chief operating officer of ride-hailing company Lyft is joining the board of General Motors.

Builders

Xavier Chardon, VW Group France: “After a quiet start in September, we made good OPOs on all brands”

With a market share of 11.9% in September, the Volkswagen Group maintains its level of penetration in the French market, albeit with considerable movement between brands. In September, Cupra overtakes Seat, while Skoda reaches a record market share.

Markets

Cobredia signs with MG to cover Lorient and Vannes

The Cobredia group has added the MG brand to its offering in Lorient and Vannes with an annual target of 200 NVs. It has also brought together its Fiat, Alfa, Jeep and Opel brands at the same location in Quimper.

Network

Category Builders

Former Tesla boss joins General Motors

(Reuters) – A former chief executive of Tesla and chief operating officer of ride-hailing company Lyft is joining the board of General Motors.

05/10/2022

Lada sales rose 20% in September

(Reuters) – Russian carmaker Avtovaz posted a 20.1% increase in sales of its Lada brand in September, the company said in a statement on Tuesday.

05/10/2022

Rivian’s share price rises after record sales

(Reuters) – Shares in Rivian Automotive rose nearly 8% on Tuesday after the company delivered a record number of vehicles in the third quarter and reaffirmed its goal to produce 25,000 vehicles this year.

05/10/2022

Tesla may face its toughest challenge yet as the economy cools

(Reuters) – As recently as July, Tesla CEO Elon Musk said the electric carmaker did not have a problem with customer demand, just a production and delivery problem. All buyers of models Y and 3.

04/10/2022

Volkswagen brands are preparing for a possible IPO

(Reuters) – Volkswagen’s brands are preparing for possible initial public offerings (IPOs), Chief Executive Oliver Blume told Handelsblatt newspaper on Tuesday, without saying whether further IPOs were planned.

05/10/2022

Maserati unveils the new GranTurismo, its first fully electric model

(Reuters) – Maserati, the luxury brand of carmaker Stellantis, unveiled its new GranTurismo model on Monday ahead of the official launch planned next year for the brand’s first car available in a fully electric version.

04/10/2022

Tesla: Deliveries start to rise again in the third quarter

(AFP) – Deliveries of US electric vehicle maker Tesla started to rise again in the third quarter compared to the previous one, which had been marked by the closure of its Chinese factory for several weeks.

03/10/2022

Aston Martin has successfully raised £654m in the markets

(AFP) – British luxury carmaker Aston Martin Lagonda announced on Friday that it has successfully completed a £654 million fundraising through a share issue, which will be used to reduce its debt and invest in its growth.

03/10/2022

Purchasing power: Stellantis expands the scope of employees affected by the bonus

(AFP) – After several strikes at the Stellantis factories in France on Wednesday, the management of the car group agreed on Friday to expand the scope of employees who will benefit from a bonus of 1,000 euros to help them cope inflation.

03/10/2022

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