Stellantis reveals €33m investment in testing EVs

Stellantis has ploughed some €33 million into two of its global testing facilities to support its long-term strategy to achieve best-in-class electric vehicle (EV) performance and master the highest level of autonomous driving technology. The investments, along with other R&D initiatives, are designed to accelerate the company’s transformation into a sustainable mobility tech company and meet its targets for a 50% reduction in carbon emissions from 2021 levels by 2030 and carbon net zero emissions by 2038.

Stellantis reveals €33m investment in testing EVs

Jun 24, 2022

Stellantis has ploughed some €33 million into two of its global testing facilities to support its long-term strategy to achieve best-in-class electric vehicle (EV) performance and master the highest level of autonomous driving technology. The investments, along with other R&D initiatives, are designed to accelerate the company’s transformation into a sustainable mobility tech company and meet its targets for a 50% reduction in carbon emissions from 2021 levels by 2030 and carbon net zero emissions by 2038.

Plug-in car grant pulled with immediate effect

The government has closed the plug-in car grant (PiCG) scheme to new orders with effect from 14 June, saying it will now refocus £300 million of grant funding towards boosting sales of plug-in taxis, motorcycles, vans and trucks, and wheelchair accessible vehicles, as well as making further investment in expanding the charging network. While the government has always been clear the PiCG was temporary, it had previously confirmed funding until 2022-23.

Plug-in car grant pulled with immediate effect

Jun 15, 2022

The government has closed the plug-in car grant (PiCG) scheme to new orders with effect from 14 June, saying it will now refocus £300 million of grant funding towards boosting sales of plug-in taxis, motorcycles, vans and trucks, and wheelchair accessible vehicles, as well as making further investment in expanding the charging network. While the government has always been clear the PiCG was temporary, it had previously confirmed funding until 2022-23.

Stellantis trials wireless EV charging system

Stellantis has successfully demonstrated a revolutionary dynamic induction electric charging system for electric vehicles (EVs) which does not require the driver to plan stops at battery recharging stations. Instead, power is supplied wirelessly via specially equipped, dedicated road lanes. The manufacturer said this technology removes range anxiety and supports its push towards decarbonization and environmental sustainability.

Stellantis trials wireless EV charging system

Jun 15, 2022

Stellantis has successfully demonstrated a revolutionary dynamic induction electric charging system for electric vehicles (EVs) which does not require the driver to plan stops at battery recharging stations. Instead, power is supplied wirelessly via specially equipped, dedicated road lanes. The manufacturer said this technology removes range anxiety and supports its push towards decarbonization and environmental sustainability.

EMEA

Consumer duty regulations – understanding price/value assessments and its impact on the finance ecosystem

May 24, 2022

New wide-ranging consumer duty regulations to be announced by the FCA in June 2022 and planned to be implemented in April 2023 will have a wide-ranging effect on both regulated and unregulated organisations. Jo Davis, founder of Auxillias will present a “primer” on the new rules, followed by a panel discussion with experts including Adrian Dally, head of auto at the FLA, Toby Poston director of consumer affairs, BVRLA; and Paul Parkinson, CEO of Synergy Car Leasing. Session will be led by David Betteley, head of content at Asset Finance Connect.

Americas

Stellantis to set up US auto finance captive with First Investors acquisition

Sep 03, 2021

Dutch-owned Stellantis is to pay approximately $285 million to acquire Houston-based First Investors Financial Services Group as the first step in creating a US-based finance arm. The company, formed at the beginning of the year from the merger of FCA and PSA, is the only major OEM currently operating in the US without a captive auto finance company.

Asia Pacific

Toyota Finance New Zealand partners with Ephesoft on digital transformation initiative

Jan 28, 2020

Toyota Financial Services New Zealand (TFNZ) has partnered with Ephesoft to drive its automotive loan application and settlement processing. TFNZ will use Ephesoft’s Transact software within its loan operations team to automate the classification and processing of key forms and documents. The Transact platform uses artificial intelligence, machine learning and cloud-based services to automate document processing and will integrate with the finance company’s existing loan origination system.