Skip to content Multinational carmaker Stellantis has officially joined the electrical revolution by recently outlining its plan for net zero carbon emissions by 2038. The conglomerate’s strategy, called Dare Forward 2030, calls for 50% of US car sales and 100% of European sales. to be BEV by the end of the decade. Stellantis is also annoying two upcoming EVs under its own brands: Jeep’s first electric SUV and the Ram 1500 BEV pickup, which are said to provide some flagship features.
Stellantis exists as the latest resurrection of Fiat Chrysler Automobiles (FCA), whose last namesake goes the line between bankruptcy and one of the “big three” in American internal combustion cars for decades. After merging with Peugeot SA, which was finalized in early 2021, the name Stellantis was born.
As the world’s top ten carmakers, Stellantis controls various notable vehicle brands, such as Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep and Ram – to name a few. While Stellantis has an impressive number of well-known brands in markets around the world, its all-electric presence leaves much to be desired, especially as a growing number (well, in fact almost all inherited carmakers) promise a certain percentage of electrification to their fleets. this decade.
Slowly but surely, but mostly slowly, Stellantis appeared on BEV, despite 50% of the extra costs that electric vehicles bear, according to CEO Carlos Tavares, now that electrification is “imposed on the automotive industry”.
Despite Tavares’ disregard for creating more expensive vehicles that are better for the environment, Stellantis is turning to BEV. In January, Chrysler introduced the Airflow Concept EV and promised to become fully electric by 2028. Many models of its European brands such as Opel and Peugeot have also switched to BEV only, and the company itself is investing in future EV technologies such as solid state batteries.
Despite Tavares’ pessimistic outspokenness about electric cars just months ago, he helped chart a 15+ year plan for Stellantis, as it looks like someday it will reach net carbon neutrality.
Source: Stellantis
Stellantis shares a net zero plan, including 75 BEV
Details of Stellantis’ Dare Forward 2030 strategy were outlined in a press release today after a two-hour live presentation. The presentation, led by Tavares, outlined all aspects of Stellantis’ strategy to achieve net zero emissions, including cultural diversity of employees, enhanced women’s leadership and even a support fund for Ukraine.
Here are some key points to save you the need to review the entire presentation:
Stellantis aims for a 50% reduction in carbon emissions by 2030, net zero carbon by 2038.
100% of sales in Europe will be BEV by the end of the decade, 50% in the US.
The company plans 75 proposals for BEV in all brands by 2030 to reach a global annual sales of BEV of 5 million.
A US-specific product offensive is planned, offering more than 25 all-new BEVs (1/3 of the entire BEV portfolio).
The planned capacity of the battery will increase by 140 GWh to approximately 400 GWh.
Stellantis will work with Waymo to create a sustainable Delivery as a Service.
The company aims to reach one-third of global online sales in 2030 and launch a global digital marketplace.
The new Stellantis BEVs include an electric Jeep, Ram 1500
Now let’s get into the things you actually clicked on here, the new electric cars! Not much of Tavares and Stelantis today, but they left us some breadcrumbs before we got a full slice in 2023.
One of the main EVs mentioned, albeit briefly, was the all-electric SUV – the first of its kind under the brand. This new model is scheduled to be launched in the first half of next year and will be the first of an all-electric Jeep, which Tavares says will cover every SUV segment by 2025.
Later this year, Dodge will unveil its first battery-powered muscle car concept. It is expected to be delivered sometime in 2024. Jeep’s electric family SUV will be joined by off-road UV, both of which will arrive in 2024.
Source: Stellantis
Tavares talks about Stellantis’ deal with Amazon as its first EV fleet commercial customer with its Ram ProMaster BEV coming in 2023. Finally, Tavares introduced a teaser for the all-electric Ram 1500 pickup to arrive in 2024. Tavares had some bold promises for the upcoming pickup:
According to our internal performance index, our Ram 1500 will outperform all competitors in the features that customers are most interested in: range, towing, payload, charging time. Really exciting! It is built on our new architecture of the STLA frame, designed specifically for full-size electric vehicles. Do not doubt, we will bring the best electric truck in the full size segment. And Ram will continue to deliver fully electrified solutions in most of its segments until 2025 and a full portfolio of electrified solutions for all its segments no later than 2030.
You can view the entire Stellantis presentation here.
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The electric SUV and Ram 1500 BEV are irritated by Stellantis’ Dare Forward 2030 strategy to become carbon neutral by 2038. Read More »
With the termination of its Sakhalin-1 project in Russia, Exxon is joining a growing list of energy companies, including BP (BP) and Shell, who announced their intention to leave Russia. Other western companies, including Apple (AAPL), Ford (Ф) and General Motors (GM) they have also distanced themselves from Moscow in recent days.
“ExxonMobil supports the people of Ukraine as they seek to defend their freedom and define their own future as a nation,” the company said in a statement. “We condemn Russia’s military actions, which violate Ukraine’s territorial integrity and threaten its people.”
Sakhalin-1 is “one of the largest single international direct investments in Russia,” according to the project’s website. Exxon Neftegas Limited, a subsidiary of Exxon, has a 30% stake and serves as an operator. Russia’s Rosneft also has a stake.
An Exxon spokesman confirmed to CNN that this is the company’s last remaining Russian project. With the departure of this project, Exxon will end more than a quarter of a century of business presence in Russia.
Exxon, the largest oil company in the United States, was a glaring omission among major brands that have severed ties with Russia. The company manages the Sakhalin-1 project on behalf of a consortium that includes Russian, Japanese and Indian companies.
“In response to recent developments, we are beginning the process of terminating operations and developing steps to exit Sakhalin-1,” Exxon said.
The company has not detailed the financial consequences of terminating a project in which it has invested significant resources over the years.
Exxon has signaled that it will not be released overnight, saying it has a duty to ensure the safety of people and the environment when it leaves the project.
“The process of terminating operations will need to be carefully managed and closely coordinated with co-founders to ensure that it is carried out safely,” the company said.
Exxon is leaving its latest Russian project Read More »
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In a statement on the state of the Union on Tuesday night, President Biden emphasized the fact that more goods are produced “Made in America”.
Biden pointed out that carmakers are contributing to production and job growth.
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The president said companies were choosing to build new factories in the United States when the factories were to be built abroad a few years ago.
He used Ford and General Motors as specific examples, but left one business leader and carmaker.
“Ford is investing $ 11 billion in electric vehicles, creating 11,000 jobs nationwide,” Biden said. “GM is making the largest investment in its history – $ 7 billion to build electric vehicles, creating 4,000 jobs in Michigan.
ILLON MUSK SAYS BIDEN TREATS AMERICANS “AS FOOLS” AFTER THE PRESIDENT MEETS GM, FORD EXECS FOR ELECTRIC CARS
Tesla CEO Elon Musk has objected to what he considers contemptuous.
Musk tweeted Tuesday night that Tesla has created “more than 50,000 jobs in the United States in the electric vehicle industry and is investing more than double GM + Ford combined.”
“Like all that, we created 369,000 new manufacturing jobs in America last year alone,” Biden added.
This was not the first time Musk had shot Biden.
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Musk I said that President Biden “treats the American public like fools,” after Biden met with executives at rival automakers General Motors and Ford Motor in January.
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The electric vehicle pioneer said in September that the administration was “perhaps a little biased” and “seems to be controlled by the unions”.
Musk responds to Biden, who advertises carmakers but leaves Tesla aside Read More »
Ford ceases operations in Russia
Apple suspends iPhone sales in Russia
ESG investors are pressuring Western companies to act
March 2 – Boeing (BA.N) suspends support and technical support for Russian airlines and US energy company Exxon Mobil (XOM.N) has said it will leave Russia, joining a growing list of Western companies rejecting Moscow because of its invasion of Ukraine.
US technology giant Apple (AAPL.O) has said it has stopped selling iPhone and other products in Russia, while Ford Motor (FN) has joined other carmakers by shutting down operations in the country.
Western countries have steadily tightened sanctions against Russia since it invaded Ukraine last week, including the exclusion of some Russian banks from the global financial network SWIFT.
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The measures hit the ruble and forced the central bank to raise interest rates as Moscow responded to the growing exodus of Western investors by temporarily restricting sales of Russian assets by foreigners.
Meanwhile, Russian companies are feeling increasingly pressured. Sberbank (SBER.MM), Russia’s largest lender, said on Wednesday it was leaving the European market as its subsidiaries face large cash flows. In addition, it is said that the safety of employees and their property is endangered. Read more
Signaling that there will be no concessions from the West, US President Joe Biden said in a statement on the state of the Union on Tuesday that his Russian counterpart Vladimir Putin “has no idea what lies ahead” as he joined European countries and Canada in closing of US airspace to Russian aircraft. Read more
As international freight forwarders such as Maersk (MAERSKb.CO), Hapag Lloyd (HLAG.DE) and MSC suspend reservations to and from Russia, the country is becoming increasingly excluded from world trade. Sanctions are also putting pressure on Russia’s aviation sector.
Boeing said on Tuesday it was suspending operations as other airlines faced growing European and US restrictions on relations with Russian customers, affecting leasing aircraft, exporting new aircraft and providing parts.
CHOIR OF CONVICTION
Exxon has said it will not invest in new developments in Russia and is taking steps to exit the Sakhalin-1 oil and gas plant after similar actions to dump assets from Britain’s BP, Russia’s largest foreign investor, and Shell Plc ( SHEL.L).
However, the French company TotalEnergies (TTEF.PA) stopped saying it would leave Russia, only saying it would not deposit new money. Read more
Apple Store Logo in Washington, DC, USA, January 27, 2022. REUTERS / Joshua Roberts
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Apple, which has stopped sales in Russia, said it was making changes to its Maps app to protect civilians in Ukraine.
He also joined a growing chorus of Western companies that openly condemned Russia’s actions.
“We are deeply concerned about the Russian invasion of Ukraine and are with all the people who are suffering as a result of the violence,” Apple said.
“We deplore Russia’s military action, which violates Ukraine’s territorial integrity and threatens its people,” Exxon said, while Ford said in his condemnation: “The situation has forced us to re-evaluate our operations in Russia.”
Motorcycle manufacturer Harley-Davidson Inc has stopped deliveries of its bicycles to Russia.
The growing focus of investors on environmental, social and governance (ESG) issues has added pressure on companies to act quickly to sever ties with Russia and Russian businesses.
“The only way for many to act is to sell,” said TJ Kistner, vice president of Segal Marco Advisors, a major U.S. retirement consultant.
Major Western technology companies have said they are continuing their efforts to stop Russia from taking advantage of their products.
Apple says it has blocked the download of applications from some state-sponsored news services outside Russia.
Google, owned by Alphabet Inc. (GOOGL.O), said it had blocked mobile apps linked to Russian state-owned publisher RT from its news-related features, including Google News search.
Google has also banned RT and other Russian channels from receiving money for ads on YouTube websites, applications and videos, reflecting a move made by Facebook (FB.O).
Microsoft (MSFT.O) has said it will remove RT’s mobile apps from its Windows app store and ban ads in Russian-sponsored media.
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Report by Paresh Dave in Auckland, Ross Kerber in New York, Dawn Khmelevsky in Los Angeles; Writing by Peter Henderson and Sayantani Ghosh; Edited by Lincoln Fest and Edmund Blair
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Boeing, Exxon, Apple join the Western companies that reject Russia because of Ukraine Read More »
The company Nexon announcing that he was the founder, Jungju Kim (equal to the name of Jay Kim) was the one who passed. It is 54 years old.
NXC Corp., the holding company Nexonto declare after Yonhap Agency : «Defunt suivait un traitement counter depression, et nous sommes devastés de voir que son état semble s’être aggravé reèment. »
After whom Kim had received the advice of the administration, the success of investment and philanthropic activities, with notation of contracts in the domains of health and education; notamment dans l’hôpital Nexon of adaptation for children of the PURME Foundation in Seoul, and in the Foundation Nexon Paying for the construction of children’s houses.
The company Nexon He specializes in games for smartphones and online, as well as notation MapleStorySInoAlice ou encore le jeu original Kemono friends. The company has developed the title of subtitles Kingdom of the Winds, KartRider, Dungeon & Fighter et Mabinogi.
The annual pass, she invested 92, 4 billion yens in society Hasbro, Bandai Namco Holdings, Konami Holdings and Seag Alone Holdings.
Sources: Nexon, Yonhap News Agency, 4Gamer (Gueed)
If you want to enter your own suicidal thoughts, you should not be able to discuss the specialties of the countries that specialize in living. In Japan, it is best to take advantage of the TELL LifeLine service on 03-5774-0992 – également disponible en disponible en anglais au 03-4550-1146. In France, do not hesitate to contact the emergency services at 15 or 112. You can also find a list of associations to help you here. SOS Amitié is available on 09 72 39 40 50 and Suicide Ecoute or on 01 45 39 40 00. Aux Etats-Unis, the suicide prevention service is available at 1-800-273-8255. In Canada, it is best to contact Crise Service or 1-833-456-4566.
Jungju Kim, founder of Nexon, staying for 54 years Read More »
The logo of the Russian bank Sberbank Europe AG is visible at their headquarters in Vienna, Austria, February 28, 2022. REUTERS / Leonhard Foeger
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VIENNA / SARAJEVO, March 1 – Sberbank’s European arm (SBER.MM), Russia’s largest lender, has been shut down by order of the European Central Bank, which has warned it is facing failure due to leaking deposits after Russia. invaded Ukraine, the Austrian Financial Markets Service said.
The European Central Bank’s Single Restructuring Board (SRB) ruled earlier this week that Sberbank Europe, based in Vienna, has failed or is likely to fail. This prompted the Austrian FMA on Monday to impose a moratorium on the bank’s operations.
The FMA’s announcement late Tuesday that it was ordering the bank to close came just over an hour before the moratorium expired.
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“By order of the European Central Bank (ECB), the Austrian Financial Markets Authority (FMA) today issued a decision prohibiting the licensed credit institution Sberbank Europe AG … from continuing to operate in their entirety with immediate effect,” the FMA said in a statement. statement at 22:45 (21:45 GMT). Read more
The European Union and the United States have responded to Russia’s invasion of Ukraine with a series of sanctions, including a ban on major Russian banks from SWIFT, the main global payment system.
As a result, Sberbank Europe said on Monday that several of its banks had “suffered a significant outflow of customer deposits in a very short period of time”.
The SRB has ordered a moratorium to determine whether the case should be dealt with under European rules on bank restructuring and decided it should not, the FMA said.
The FMA said it had appointed an administrator to determine if and when the insolvency criteria were met. Meanwhile, the closure triggered Austria’s deposit guarantee scheme, which covers deposits of up to 100,000 euros ($ 111,240) per customer, the FMA said.
The central banks of Slovenia and Croatia have announced that Sberbank’s operations in their countries will be taken over by Slovenia’s largest banking group, NLB, and the Croatian Post Bank (HPB), which is the majority owner of the government.
Customers will be able to withdraw money as usual from Wednesday after the restrictions for the last two days.
Sberbank Europe said in November that it had reached a deal to sell its subsidiaries in Croatia, Slovenia, Hungary, Serbia and Bosnia and Herzegovina to a group that includes Serbia’s AIK Bank and Slovenia’s Gorenjska Bank.
Serbian regulators agreed on Monday, but Gorenjska said it was no longer viable to proceed with the acquisition of the Slovenian subsidiary.
Sarajevo-based ASA Banka has acquired Sberbank Sarajevo, the banking agency of the Bosnian Croat Federation announced late Tuesday, while the government of the Republic of Serbia acquired Sberbank Banja Luka on Monday.
(1 dollar = 0.8990 euros)
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Report by Francois Murphy; Additional reports by Kirsten Donovan in London; Edited by Leslie Adler, Kirsten Donovan
Our standards: ‘ principles of trust.
The ECB has ordered the closure of the European branch of Russia’s Sberbank, the Austrian FMA announced Read More »
Ilker Aiji was an adviser to Tayyip Erdogan in 1994, when the Turkish president was mayor of Istanbul.
New Delhi / Istanbul: Turkey’s Ilker Aiji said on Tuesday that he would not take on the role of chief executive of Tata Group’s Air India, days after announcing his appointment led to opposition in India over his previous political ties.
Tata last month (February 14th) announced the appointment of Ayci as CEO of the former state-owned Air India after taking on the debt-ridden airline in January in a $ 2.4 billion shareholding and debt deal.
But last week, Rashtriya Svayamsevak Sangh (RSS), the BJP’s ideological mentor, called on the government to block Aichi’s appointment, citing his previous political ties to Turkey, which have strained relations with New Delhi.
Aiji, a former chairman of Turkish Airlines, was an adviser to Tayyip Erdogan in 1994, when the Turkish president was mayor of Istanbul.
Aichi said in a statement that at a recent meeting with Tata President N Chandrasekaran, he refused to take office after reading about attempts to “color my appointment with unwanted colors” in some parts of the Indian media.
“As a business leader who has always given priority to the professional credo … I have come to the conclusion that it would not be a feasible or respectable decision to take a position in the shadow of such a story,” Aichi said.
A spokesman for the Indian Tata confirmed the development without giving further details.
The move comes as a setback for India’s Tata, which will have to resume its search for a CEO to reverse the losing carrier. Although the airline has lucrative landing slots, each new boss faces the difficult task of upgrading Air India’s aging fleet and changing its financial and service levels.
The appointment of a foreign national as the CEO of an airline in India requires permission from the government before it can continue.
A government source told Reuters last week that India was conducting tougher than usual checks in the case of Ayci and Air India, as security agencies expressed concerns about its ties to Turkey.
Why Air India’s CEO refused to work Read More »
Mark Zuckerberg, Facebook’s CEO, spoke during the virtual Facebook Connect event, where the company announced its rebranding as Meta, in New York on October 28, 2021.
Michael Nagle Bloomberg | Getty Images
Meta, a former Facebook spokeswoman, said her big ambition to build the ultimate “metaverse” would not be possible without drastic improvements in today’s telecommunications networks.
The metaverse is a buzzword that is being touted as the next big thing in technology. Generally speaking, the concept refers to a seamless virtual world where people can work, shop and play with their colleagues, friends and family.
Dan Rabinowitz, vice president of connectivity at Meta, told CNBC at Monday’s Mobile World Congress technical event that home and cellular networks are not yet ready for the metaverse.
“We are working closely with our colleagues to consider what the next step is in terms of innovation,” he said, adding that Meta also works with cellular partners.
“If you really look at the pace of innovation in the world of telecoms, compared to other markets, it’s harder to move faster in this space,” Rabinovica said. “One of the things we’ve tried to change is this innovation trajectory.”
Although a true metauniverse does not yet exist, there are some early projects underway that give an idea of what it is all about. Meta Oculus Virtual Reality Headphones are hailed as an entrance to some of these new experiences in the metaverse. But experiences require low latency and higher upload and download speeds.
“We need to develop a common language about network performance,” Rabinowitz said. “We actually really believe in measurement as fundamental in this next phase of work.”
Mark Zuckerberg, founder and CEO of Meta, said in a statement Sunday that “creating a real sense of presence in the virtual worlds supplied with smart glasses and VR headsets will require huge advances in connectivity.”
Zuckerberg said it would have to be “bigger than any of the changes in steps we’ve seen before,” adding that things like large-scale immersive video streaming would require entirely new types of networks.
In response, AT&T Executive Vice President David Christopher told CNBC that 5G is being implemented faster than 4G, adding that there is “huge investment between operators.”
He argues that networks already offer low latency, constant speeds and high capacity. “This will only improve over the next decade to sustain many uses in many industries, including immersion and meta-universe experiences,” Christopher said.
“However, Metaverse will evolve, it will depend on innovation and interoperability in many sectors, with enhanced 5G connectivity being an essential element.”
Meta says today’s cellular networks are not ready for the metaverse Read More »
