Connect with us

Hi, what are you looking for?

Stock

BYD appoints former Stellantis UK chief Davino to push European expansion

MILAN (Reuters) – BYD (SZ:002594) has appointed former Stellantis (NYSE:STLA) UK chief Maria Grazia Davino to lead its operations in a group of European countries including Germany, the Chinese automaker said on Wednesday.

BYD, the second-largest producer of battery-electric cars globally, has been leading Chinese carmakers’ push into Europe. It is also building factories in Hungary and Turkey to establish local manufacturing capacity.

Davino will help consolidate BYD’s activities in Europe, at a time when the company’s distribution network is expanding, the carmaker said in a statement.

Her appointment comes after the Chinese automaker in August hired former senior Fiat Chrysler Alfredo Altavilla as its special adviser for Europe. He has been recruiting former contacts in the firm, now part of Stellantis, as BYD builds a new management structure in the region.

Davino, who became Stellantis UK chief in September last year, had previously covered several positions within the group and its predecessor Fiat Chrysler since 2013.

She will take the role of regional managing director for Germany, Switzerland, Poland, Austria and Czech Republic, starting from Dec. 1, BYD said.

This month BYD appointed Alessandro Grosso, Stellantis sales vice president for Italy, as its new country manager for Italy.

BYD this month also picked Alberto De Aza, managing director for Stellantis brand Peugeot (OTC:PUGOY) in Spain and Portugal, as its new head for Spain, a source said.

This post appeared first on investing.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    Thousands of dockworkers on the East Coast and Gulf Coast will return to work after reaching a tentative agreement on wages, ending one of...

    Editor's Pick

    Republican presidential nominee Donald Trump criticized Vice President Kamala Harris’s mental capacity Saturday, falsely claiming she was born “mentally impaired” and comparing her actions...

    Latest News

    Tunisians voted Sunday in an election expected to grant President Kais Saied a second term, as his most prominent detractors, including one of the candidates challenging...

    Editor's Pick

    Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

    Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 beneficialinvestmentnow.com