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Former Jaguar Land Rover CEO to be Chairman of Norton motorcycles Parent Company TVS Motors

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by Enda Mullen-COV from https://www.coventrytelegraph.net Former Jaguar Land Rover chief to take up new role at reborn motorcycle maker News of Sir Ralf Speth’s appointment follows Norton Motorcycles’ move to Solihull. In January Norton announced it is to move into the most advanced manufacturing facility in the brand’s 122-year history in Solihull. Jaguar Land Rover’s former boss Sir Ralf Speth is to join the board of legendary motorbike maker Norton Motorcycles. Sir Ralf, who stepped down as CEO of the Coventry car maker in September last year, is to become the chairman of Norton Motorcycles’ parent company, TVS Motor Company. Sir Ralf will take up the role in January 2023. CEO at Jaguar Land Rover for 11 years, Sir Ralf is hailed with transforming the company during his time at the helm. He was the recipient of a knighthood from the Queen in 2018 for his contributions to British industry, and also named as a Fellow of the Royal Society in 2020 for his passion for science. News of his appointment to Norton Motorcycles comes at a time as the company is being reborn under TVS Motor Company’s ownership. The company is currently finalising work on construction of the new Highlands Road factory, which is expected to open by the end of this year. John Russell, interim CEO of Norton Motorcycles, said: “We are truly delighted to welcome Sir Ralf to the TVS Motor Company family. “We know that Sir Ralf is a tremendous leader and his accomplishments in the automotive industry speak volumes. “This excellent appointment comes at a time when the Norton Motorcycles business is on a very positive trajectory but still with much work to do. “We will soon be settled in our state-of-the-art new manufacturing base and the guidance of Sir Ralf will be important for […]

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Reithofer re-elected chairman of BMW board

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from http://tradearabia.com Dr Norbert Reithofer has been re-elected as the Chairman fo the Supervisory Board of BMW AG at a meeting of the board today. He was earlier re-elected to the Supervisory Board for a mandate period of five years at today’s Annual General Meeting. Reithofer has been associated with BMW AG for more than three decades. He joined the company in 1987 and was Chairman of the Board of Management between 2006 and 2015. He has been Chairman of the Supervisory Board since 2015. The Annual General Meeting also newly elected Anke Schäferkordt to the Supervisory Board for a mandate period of five years. The media manager takes over the seat of Prof Renate Köcher, who stepped down early at the end of this year’s Annual General Meeting in agreement with the Supervisory Board. With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is a leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 31 production and assembly facilities in 15 countries; the company has a global sales network in more than 140 countries. In 2019, the BMW Group sold over 2.5 million passenger vehicles and more than 175,000 motorcycles worldwide. The profit before tax in the financial year 2019 was €7.118 billion on revenues amounting to €104.210 billion. As of 31 December 2019, the BMW Group had a workforce of 126,016 employees.

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Yamaha Expects India to Become its Largest Production Base in 5 yrs

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Markets in Indonesia, Vietnam saturating; India priority No. 1, says top executive. Japanese auto major Yamaha Motor Company (YMC) expects India to overtake Indonesia to emerge as its largest base in terms of production output in the next five years. “India sells more than 20 million two-wheelers annually and the numbers are growing. Our company’s market share is in single digits. We want to improve this. There is a lot of opportunity,” says Yamaha India Chairman Shitara. Two-wheeler sales in India increased 6.95% to 19,740,727 units till February this fiscal. In the same period, India Yamaha Motor’s sales remained largely flat at around 732,006 units. The company additionally exported 226,010 units. Yamaha Motor India’s group chairman Motofumi Shitara was speaking on the sidelines of the launch of MT-15 priced at ₹1.36 lakh (ex-showroom, Delhi). “India is priority number one for us worldwide. We aim to have production volume of 2.5 million units in India in the next five years,” he said. Going ahead, Shitara said the company would steer clear of the mass segment and focus on launching premium motorcycles in the domestic market. The company has also commenced a study on introducing electric two-wheelers in India. Shitara is currently defining the mid-term roadmap for the company till 2025 to lay the foundation on how the brand Yamaha takes shape the country. Apart from growing volumes, Shitara said a focus area for him is to project a strong image for the Yamaha brand in the local market. Yamaha MT-15 was launched on Friday – a 155cc bike with liquid-cooled four-stroke engine mated to a six-speed transmission. MT-15 is priced at Rs 1.36 lakh ex-showroom. It has ABS and fuel injected variable valve actuation (VBA). On the idea of electric motorcycles, the Yamaha Chairman says – “Three points are important, one

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