Lightyear announces a new fundraising of 81 million euros

Edition of 07/09/2022

Volkswagen gives green light to Porsche IPO

(AFP) – The world’s second largest car group Volkswagen gave the green light on Monday evening to float its subsidiary Porsche on the stock market for one of the largest listings ever in Europe, despite markets on a slippery slope.

Builders

Energy, Ukraine, China: steel cracks

(AFP) – Rising energy prices, uncertainties linked to the war in Ukraine, and above all the slowdown in Chinese investment have significantly slowed down steel production in the world this year, putting on hold the ambitious energy transition launched by the European steel industry.

Equipment manufacturers

Russia: car sales continue to fall in August

(AFP) – Sales of new cars in Russia continued to slide in August, falling 62.4% from the same period last year, as the country faced rampant inflation and a barrage of sanctions.

Markets

Death of Jacob Abbou, founder of the Journal de l’Automobile

Jacob Abbou was still passionate about cars at 79 and had lost none of his outspokenness. Founder of the Journal de l’Automobile in 1979, of which he remained honorary president, he still gave the introductory speech at the Man of the Year evening for Luca de Meo on April 22.

Tribute

Mobilize Financial Services France appoints two new directors

Claire Derveaux and Fabrice Pomonti have been appointed Customer Director and Human Resources Director respectively of Mobilize Financial Services in France.

Nominations

Mondial de l’Auto: Mercedes will not be there either…

Unlike Geneva, the Parisian salon is maintained but it has shrunk to a trickle. In the end, only Renault (with Dacia and Alpine), Peugeot (with DS and Jeep) and a few Chinese brands will make the trip, Mercedes having just given up exhibiting there.

Fairs

Valérie Corre elected President of the SNPAA

Valérie Corre succeeds Jérôme Bignon as President of the SNPAA (National Union of Agricultural Alcohol Producers).

Nominations

Hubert Locmane took over the Citroën dealership in Cognac

La Scala Automobiles, which represents the ex-FCA brands between Niort and Saintes, has joined the Citroën network by taking over the Cognac concession from Arnaud Meire.

Networks

Valérie Labouré Hirsch new financial director of Aramis Group

Valérie Labouré Hirsch joins Aramis Group as Chief Financial Officer, succeeding Fabrice Farcot.

Nominations

Category Builders

Volkswagen gives green light to Porsche IPO

(AFP) – The world’s second largest car group Volkswagen gave the green light on Monday evening to float its subsidiary Porsche on the stock market for one of the largest listings ever in Europe, despite markets on a slippery slope.

07/09/2022

The Stellantis plant in Sochaux has completed its transformation plan

Stellantis yesterday organized a visit to the Sochaux factory, which has been upgraded to the group’s mono-flow standard. The site brings its own innovations with the installation of a stacker crane for supplying parts to the line and a new generation of robot conveyor called “butler”.

06/09/2022

After an accident, Cruise recalls its self-driving cars and changes the software

(AFP) – Cruise, the General Motors subsidiary specializing in autonomous driving, has recalled 80 cars in the United States and changed the software after a collision of a vehicle in its fleet which did not correctly predict the trajectory of the car. another vehicle.

05/09/2022

BMW perseveres on hydrogen, with a small series of SUVs

(AFP) – German automaker BMW announced on Wednesday the production of a small series of one of its flagship models, the X5, in a hydrogen version, a technology it considers promising in the transition to low mobility. carbon.

02/09/2022

Volvo Cars closes Chengdu plant due to lockdown

(AFP) – Swedish automaker Volvo Cars announced on Thursday that it is temporarily closing one of its factories in China after the entry into force of a new confinement in the city of Chengdu, in the south-west of the country.

02/09/2022

At the wheel of Volkswagen, Oliver Blume wants to “accelerate” the electric shift “where possible”

(AFP) – Volkswagen on Thursday entrusted its future to a new boss, Oliver Blume, who intends to “accelerate on the electric where possible” in a difficult economic environment, after the four years of tumultuous mandate of Herbert Diess.

02/09/2022

Christophe Prévost, DCF Peugeot: “Our level of order intake is increasing again”

At Peugeot, the month of August was marked by a 62% jump in sales and a 3.8% drop in private registrations. A discrepancy which is explained by a mismatch between the demand of individuals and the models that the manufacturer manages to produce, explains Christophe Prévost, sales director France.

02/09/2022

Toyota announces major battery investments in Japan and the United States

(AFP) – The world’s number one car manufacturer, Toyota, announced on Wednesday that it would invest 730 billion yen (5.3 billion euros at the current rate) to launch its own production of electric batteries in Japan and the United States. States between 2024 and 2026.

01/09/2022