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Californian EV maker Lucid to acquire Nikola’s production assets

Nikola's HQs were in Phoenix, Arizona, close to the vehicle production site. More into details, As part of the agreement, Lucid will take over Nikola's former Coolidge manufacturing facility, as well as the Phoenix facility, previously used as Nikola's headquarters and product development center. Al...
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Cummins launches new line of remanufactured brake callipers

According to Cummins, "the remanufacturing process is more environmentally friendly, as it reduces the need for raw materials and minimises waste". This meticulous approach allows Cummins to deliver high-quality callipers at a lower cost versus new ones, providing significant savings for European fl...
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Michael Lohscheller is Nikola Motor’s new president

«It goes without saying that hydrogen fuel cell and battery-electric zero-emission vehicles are the future of mobility, and I am extremely proud to be joining a company that is paving the way for this global transformation», stated Lohscheller. «My career has prepared me well to achieve the ambitiou...
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Thierry Piéton becomes CFO of Renault Group

In February 2020, Thierry Piéton became Deputy Chief Financial Officer and SVP, Controller, Renault Group. On January 1, 2021, he was appointed Renault Brand Finance and a member of Renault Group Corporate Management Committee.
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There won’t be a Valeo Siemens eAutomotive joint venture anymore

Valeo and Siemens have achieved the joint target of building a globally recognized player in the field of electric mobility, now providing the right timing for Siemens to transfer its stake in VSeA to its partner. According to Siemens, single ownership has been an intended option of the joint ventur...
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