• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

BYD appoints former Stellantis UK chief Davino to push European expansion

by October 30, 2024
written by October 30, 2024

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Shares of GSK down as weak vaccine sales cast shadow on earnings beat
next post
Kraft Heinz trims annual forecasts as high prices hinder demand recovery

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Has Red Sweep historically benefited equity markets? Barclays answers
    • Earnings call: Coca-Cola reports mixed Q3 results, optimistic outlook

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy