Volta Trucks strengthens its Executive Management Team with strategic appointments

15.05.2021: John Burrows appointed as Chief Financial Officer. Casper Norden joins Volta Trucks as Chief Strategy Officer. Mornie Robertson hired as Chief Human Resources Officer.


    John Burrows appointed as Chief Financial Officer.

    Casper Norden joins Volta Trucks as Chief Strategy Officer.     Mornie Robertson hired as Chief Human Resources Officer.

Volta Trucks, the leading full-electric commercial vehicle manufacturer, has announced a number of strategic appointments to its Executive Management Team. The confirmation comes soon after the company revealed its ambitious Road-to-Zero Emissions strategy, launching four full-electric commercial vehicles, increasing its projected sales volumes by over 500% and expansion into additional European, US and Asian markets. John Burrows has been appointed as the company’s Chief Financial Officer, bringing 10+ years’ experience in venture backed scale up organizations with extensive fundraising and investor relations knowledge.

He has previously worked in CFO positions within cyber security, proptech and fintech lending businesses. Casper Norden has also joined Volta Trucks as Chief Strategy Officer having been an Advisor to the company’s Board of Directors since May 2019. For the past four years, he has worked for Peltarion, a Stockholm-based Artificial Intelligence software and solutions provider, most recently as CFO.

Prior to this, he worked with start-ups and venture capital investments at EQT Ventures and Crowdcube. Finally, Mornie Robertson has been appointed as Chief Human Resources Officer at a time of significant growth as the company ramps up the recruitment of its engineering, commercial and in-market experts. Mornie has extensive experience of automotive start-up companies having held global and European Human Resources leadership roles for Tesla as well as sitting on the Executive Board that established INEOS Automotive, in addition to HR roles with Porsche GB and BMW UK.   


Commenting on the appointments, Chief Executive Officer of Volta Trucks, Essa Al-Saleh, said:
“I am delighted to welcome John, Casper and Mornie to the Executive Management Team of Volta Trucks. We are in a period of rapid growth as we accelerate our plans to deliver the world’s first purpose-built full-electric commercial vehicle to the marketplace as quickly as possible. We are attracting some exceptionally talented individuals to Volta Trucks, building a team of world-class experts within a nimble and agile company culture.

We have significant tail winds demonstrated by a very strong order book, driven by Volta Trucks’ unique design and IP addressing sustainability and systemic health and safety issues in urban transport. With forthcoming legislation driving a transition from ICE to zero emission fleets, and customer demand, we will continue to build the team to help us deliver on our ambitious objectives.” Duncan Forrester- photo Volta Trucks

Goodyear announces pricing of £1.45 billion of senior notes in connection with planned Cooper Tire acquisition[1]
14.05.2021 The Goodyear Tire & Rubber Company today announced that it has priced its private offering to eligible purchasers of £850 million aggregate principal amount of senior notes due 2029 (the “2029 notes”) and £600 million aggregate principal amount of senior notes due 2031 (the “2031 notes,” and together with the 2029 notes, the “notes”).

The notes wi more >>[2] Toyota Announces Global Annual Results and Reconfirms Commitment To Carbon Neutrality[3]
13.05.2021     Global vehicle sales of 7.646m units, down by 1.309m units    Global net revenue of 27,214.5 bn yen (219.5 bn EUR), down by 2,651.9 bn yen    Global net income of 2,245.2 bn yen (18.1 bn EUR), up from 2,036.1 bn yen    Toyota Motor Corporation reconfirms commitment more >>[4] Nissan contributes – EUR 73 million for first quarter 2021 to Renault’s earnings[5]
12.05.2021   Nissan released  its results for the fourth quarter of fiscal year 2020/2021 (April 1st, 2020 to March 31st, 2021).Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2020/2021 ( more >>[6] Gordon Murray Group announces major expansion plans and investment for future growth[7]
12.05.2021     Gordon Murray Group announces roadmap for future expansion through a GBP300M investment in Gordon Murray Design, Gordon Murray Automotive, R&D and talent       New division Gordon Murray Electronic more >>[8] Turbulent first quarter for UK used car market as sales fall -8.9%[9]
12.05.2021 SMMT USED CAR SALES (data for Q1 2021)    UK used car transactions fall -8.9% in Q1 2021 with 1,687,755 transactions.    Monthly performances impacted by lockdowns, but March up on particularly weak 2020.    Market for used plug-in vehicles stays strong with a 37.9% rise in Q1 transactions. more >>[10] Brembo financial results for the first quarter of 2021[11]
11.05.2021 RECORD Q1 REVENUES, UP 17.2% TO EUR675.1 MILLION (+20.9% ON A LIKE-FOR-LIKE EXCHANGE RATE BASIS). EBITDA AT EUR135.6 MILLION (EBITDA MARGIN: 20.1%),  NET PROFIT AT EUR61.4 MILLION Compared to Q1 2020: o    Revenues at EUR675.1 million (+17.2% or +20.9% on a like-for-like exchange rate basis); +1.2% compared to Q1 2 more >>[12] Audi’s momentum was strong in the first quarter of 2021[13]
07.05.2021    Sales revenue EUR14.1 billion, operating profit EUR1.4 billion, operating return on sales 10.0 percent, profits before tax EUR1.7 billion        Strong performance partly thanks to special items: net cash flow EUR3.1 billion        First quarter of 2021 was characterized more >>[14] BMW Group First quarter: Transformation accelerated, core business significantly strengthened[15]
07.05.2021 Zipse: “BMW Group highly profitable and sustainable” – Deliveries of electrified vehicles more than doubled – Free cash flow of EUR 2.5 billion in first quarter – Sustainable mobility needs more than just an e-drive – Earnings booste more >>[16] Successful start to the new fiscal year for Volkswagen[17]
07.05.2021 Brand doubles its Q1 2021 operating profit year-on-year to EUR 900 million  Positive outlook for full year 2021- margin target of 6 percent in 2023 confirmed  Strong recovery in the Chinese market as well as North and South America  Sales of all-electric vehicles almost doubled and those of plug-in hybrids more t more >>[18] Volvo Cars’ global sales up by 97.5 per cent in April[19]
05.05.2021 Volvo Cars achieved its 10th consecutive month of sales growth, as the company’s global sales increased by 97.5 per cent in April compared with the same month last year.I more >>[20] The Porsche 911 GT3 RS MR laps the 20.832-kilometre-long Nurburgring Nordschleife in 6:54.340 minutes[21]
04.05.2021   On Friday 23 April 2021, the 383 kW (520 hp) Porsche 911 GT3 RS MR from the 991.2 generation lapped the 20.832-kilometre-long Nordschleife in the presence of a notary in 6:54.340 minutes.   The measured time for the 20.6-kilometre-lon more >>[22] Honda and Acura Light Trucks Drive Continued American Honda Sales Momentum Setting Multiple Records in April[23]
04.05.2021     American Honda light trucks, and Honda brand light trucks, each set new all-time sales records    Honda cars and trucks combine for best April sales in brand history     HR-V more >>[24] Goodyear reports first quarter 2021 results[25]
01.05.2021 – First quarter Goodyear net income of £12 million; adjusted net income of £102 million- First quarter segment operating income of £226 million, strongest first quarter since 2018- Global consumer replacement volume significantly exceeded industry, driven by large-rim diameter segment- Record first quarter consumer more >>[26] Stellantis ranks first in global European sales in Q1 2021[27]
29.04.2021 Stellantis takes the top spot among automakers with a market share of 23.6% in Q1 2021 in the Passenger Cars and Light Commercial Vehicles perimeter.In a context of moderate growth of the European market at 3.8%, the results achieved by Stellantis more >>[28] UK engine production rises 31.7% in March[29]
29.04.2021 UK ENGINE MANUFACTURING    March UK engine production rises 31.7% in 2021, compared with Covid-hit month a year ago.    Output for domestic and overseas markets increases 50.4% and 19.9% respectively.    Performance in first quarter still down -11.1%, with 534,793 engines manufactured.   more >>[30] Mitsubishi Motors Announces Production, Sales and Export Figures for March 2021 and 2020 Fiscal Year[31]
28.04.2021   March 2021     Fiscal Year 2020 (20/04-21/03)     Calendar Year 2021 (21/01-21/03) Volume     YoY(%) more >>[32] £146.12m could be lost from an entire season without fans in MotoGP, says GlobalData[33]
27.04.2021 With a number of Grand Prix for the 2021 season having already announced plans to forgo attendances, the cost of an entire season without fans across the 22 races in MotoGP would see the competition lose out on nine-figure sums, says GlobalData, a leading data and analytics company. more >>[34] Daimler Truck AG makes significant management and organizational changes in preparation for an independent future[35]
26.04.2021     Daimler Truck AG is making significant changes to its management structure ahead of the spin-off and separate listing planned for late 2021    Daimler Truck AG reaffirms strategic goals: Improving profitability and leading role in the transformation of the commercial vehicle business    The reorga more >>[36] HRT continues to grow in strenght – Ulrich Fritz named new CEO[37]
26.04.2021 Having expanded its racing programme for the 2021 season, the Haupt Racing Team continues to grow structurally too: the team founded last year by businessman and racing driver Hubert Haupt welcomes on board Ulrich Fritz, who takes over the management of Haupt Racing Team GmbH. more >>[38] Kia announces 2021 first-quarter business results[39]
22.04.2021     1Q revenue at KRW 16.58 trillion, up 13.8% y/y    1Q global wholesales volume at 689,990 units, 6.4% increase from 648,685 units in the previous year    1Q operating profit soared 142.2% y/y to KRW 1.08 trillion; Quarterly operating profit margin of 6.5%    1Q net more >>[40] Tesla delivered a record 185K vehicles in Q1 2021[41]
21.04.2021 Tesla delivered and produced a record number of vehicles in the first quarter of 2021. According to data presented by Tradingplatforms.com, Tesla delivered an estimated 184,800 vehicles in Q1 2021.Tesla Sets Company Records for Deliveries and Production in Q1 2021On the back more >>[42] Preliminary Key Financial Performance Figures of BMW AG for the first quarter 2021 exceed market expectations[43]
19.04.2021 Ad-hoc announcement   BMW AG reports sales growth in all significant regions of the world, in particular in China, and all brands in the first quarter of 2021.

In addition, positive price and mix effects, as well as high demand for pre-owned cars, also lea more >>[44] Kia registers slight Q1 growth and increased sales of electrified vehicles[45]
17.04.2021     Kia’s European market share holds stable at 3.7 per cent in the first quarter    Kia Q1 registrations across Europe (EU, EFTA and UK) increase nearly one per cent year-on-year    Sales of Kia’s electrified vehicles (EV, plug-in hybrid and hybrid) continue to grow despite widespread showroom more >>[46] FLA: Super Deduction will not ensure growth in its current form[47]
17.04.2021 The Finance & Leasing Association (FLA) and the British Vehicle Rental and Leasing Association (BVRLA) have asked the Government to amend the Super Deduction initiative to boost investment in plant and machinery by extending it to include l more >>[48] Polestar raises USD550m from new investors; further fund raising considered[49]
15.04.2021 Polestar, the Swedish electric performance car company, has raised USD550m from a group of long-term financial investors.The private placement of newly issued shares marks the first time external investors have backed Polestar’s products, brand, more >>[50] Toyota Motor Europe market share climbs to a record high of 6.6% in first quarter[51]
14.04.2021     TME sales remain on a growth path with 287,678 vehicles sold between January- March 2021, up +6% year-on-year    The company’s overall European hybrid mix is now at a record high of 56%    Toyota brand climbs to 2nd spot for best-selling passenger car brands in Europe    Lexus more >>[52] Goodyear holds virtual annual meeting, elects directors[53]
13.04.2021 The Goodyear Tire & Rubber Company announced the election of 13 members to the Board of Directors for new one-year terms at the company’s virtual annual shareholder meeting today.In addition, shareholders voted in favor of an advisory resolution approvin more >>[54] Consumer car finance new business volumes fell by 27% in February 2021[55]
10.04.2021 New figures released today by the Finance & Leasing Association (FLA) show that the consumer car finance market reported a fall in new business volumes of 27% in February 2021, compared with the same month in 2020. more >>[56] MG achieves best-ever monthly sales result and market share despite physical closure of dealerships[57]
09.04.2021     MG Motor sees record market share and sales in March 2021    Total sales of 3,956 cars mark MG’s best month ever    Market share grows by 28.1% year-on-year to 1.45%    Almost a third of new MGs are pure electric    All new MGs come with 7-Year Warra more >>[58] BMW Group on clear growth path with record first-quarter sales[59]
08.04.2021 – BMW Group sells 636,606 vehicles in Q1 (+33.5%) – Sales higher in all major regions of the world – Sales growth at BMW, MINI and Rolls-Royce – Electrified vehicle sales more than double – Pieter Nota: “All-time sales high in first quarter underlines our ambitious growth targets” more >>[60] Rolls-Royce Motor Cars reports record first quarter results[61]
08.04.2021 Rolls-Royce Motor Cars has delivered the highest-ever first quarter sales results in the marque’s 116-year history in the first three months of 2021. Between 1 January and 31 March, the company delivered 1,380 motor cars to customers, up 62% on the same period in 2020 and surpassing the previous first quarter record set in 2019. Sales growth was seen in more >>[62] Mercedes-Benz Cars delivers 590,999 passenger cars in Q1, achieves double-digit growth[63]
08.04.2021     Global xEV share of Mercedes-Benz Cars at about 10%, in Europe above 25%    Worldwide retail sales of Mercedes-Benz 21.8% up in Q1 (581,270 units)    Mercedes-Benz sold a record 222,520 cars in China: highest Q1 sales to date (+60.1%)    Around 20,000 orders received for the all-electric more >>[64] Record Q1 market share for Kia UK[65]
07.04.2021     4.79 per cent UK market share in the first quarter of 2021, with 20,365 units sold year-to-date    Kia remains the UK’s second best-selling EV brand year-to-date    e-Niro is the UK’s second best-selling EV so far in 2021    UK dealer network maintains measures to help custome more >>[66] Volvo Cars reports 40.8 per cent growth in the first quarter of 2021[67]
07.04.2021 Volvo Cars reported the best first quarter in its history as the company’s global sales increased by 40.8 per cent compared with the same period last year.

Total sales during the period amounted to 185,698 cars, up fro more >>[68] External rating: MAHLE in strong position[69]
07.04.2021   Rating agency Moody’s classifies MAHLE as Ba1 with stable outlook    Valuation confirms financial standing and corporate strategy    Rating strengthens position on the international capital markets    First external rating in the company’s history more >>[70] PEUGEOT records a positive start to 2021 despite continued market disruption[71]
07.04.2021 PEUGEOT has continued its strong momentum in 2021, increasing its UK car and van market share from 4.4% overall in 2020, to 4.6% in the first quarter of 2021, according to the latest registration figures recorded by the Society of more >>[72] Kumho announces £300 million expansion plans[73]
02.04.2021 Capacity of its Vietnamese plant to double by 2023Kumho, one of the world’s leading tyre manufacturers, has announced it that is investing £305 million on the expansion of its Vietnamese plant, with the aim of doubling its capacit more >>[74] Honda and Acura Brands, American Honda, Set Multiple Sales Records in March[75]
02.04.2021     American Honda sets new March record for total vehicle sales, pushing Q1 up 16% over 2020       Acura MDX has best sales month in history, while also powering Acura SUVs to best-ever month more >>[76] Goodyear announces pricing of £1 billion of senior notes[77]
01.04.2021 The Goodyear Tire & Rubber Company today announced that it has priced its public offering of £550 million aggregate principal amount of senior notes due 2031 (the “2031 notes”) and £450 million aggregate principal amount of senior notes due 2033 (the “2033 notes,” and together with the 2031 notes, the “notes”).

The notes will be senior unsecured obligatio more >>[78]

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