Latest news with #ItalianMarket
Yahoo
07-07-2025
- Automotive
- Yahoo
Jameel Motors, Geely Auto to enter Italian market with NEVs
Automotive distributor Jameel Motors has secured a distribution agreement to introduce Geely Auto's new energy passenger vehicles (NEVs) to the Italian automotive market. This move comes as the country witnesses a surge in electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV) registrations, which have seen a 132% year-on-year increase, accounting for 11% of the market share in the first five months of this year. This distribution agreement follows Jameel Motors' recent deal in Poland this April. The deal covers two of Geely Auto's flagship models, the Geely EX5, an all-electric sport utility vehicle (SUV), and a plug-in Super Hybrid SUV. These two models are expected to be introduced by Jameel Motors Italia to the Italian market in the last quarter of the year. Both vehicles are designed on Geely's 'advanced modular platform', ensuring performance, safety, and design, backed by a six-year warranty. Automotive executive Marco Santucci, who has nearly three decades of experience in the Italian automotive industry, will spearhead Jameel Motors Italia. Once operational, the company plans to offer around 100 sales and service points nationwide. Jameel Motors vice chairman Fady Jameel said: 'Our collaboration with Geely Auto brings together innovation, quality, and a shared commitment to a more sustainable mobility future. 'By winning this agreement, we look forward to offering Italian customers a new standard in electric mobility with advanced vehicles that truly meet their evolving needs. We also look forward to seeing Jameel Motors continue its international expansion as a distinguished partner in the mobility sector.' Geely Auto has been fostering innovation in Italy since 2023 with the Geely Innovation Design Center in Milan. This facility is part of Geely's global design network, focusing on vehicle design and concept development. Jameel Motors operates in over 10 nations across Asia, the Middle East, Africa, Europe, and Australia. Recently, Geely Holding Group announced that it is planning to introduce the Geely brand in the UK in the fourth quarter of this year. "Jameel Motors, Geely Auto to enter Italian market with NEVs" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arab News
05-07-2025
- Automotive
- Arab News
Jameel Motors, Geely Auto to enter Italian market with new energy passenger vehicles
Jameel Motors, a leading provider of mobility solutions and partner of choice for top automotive brands, has signed a distribution agreement with Geely Auto, a globally renowned auto group, to bring Geely's new energy passenger vehicles (NEVs) to the Italian market. Italy is a new market entry for the two automotive leaders, with Jameel Motors having won the distribution agreement through a competitive process involving both local and international companies, shortly after winning the agreement for Poland in April. Italy is one of Europe's most relevant markets, with a strong potential for NEV growth. In the first five months of 2025, joint sales of electric vehicles and plug-in hybrid electric vehicles accounted for 11% in the Italian market — a remarkable 132% year-on-year increase in EV registrations, signaling strong demand for innovative international brands. This presents a long-term opportunity and supports Jameel Motors' strategic expansion into high-potential markets. Jameel Motors Italia will be bringing advanced automotive technology, a fresh choice of high-quality vehicles, and first-class customer service to Italian drivers, while contributing to the country's growing shift toward electric mobility. Jameel Motors Italia will officially launch two of Geely Auto's standout models in the final quarter of this year. The two models are the Geely EX5, a next-generation all-electric SUV, and a plug-in Super Hybrid SUV. Geely Auto vehicles are built on the brand's advanced modular platform architecture, delivering state-of-the-art design, safety, performance and offering the highest quality underpinned by its six-year warranty. Jameel Motors Italia aims to develop a professional dealer network across the country, offering approximately 100 Sales and Service points when fully operational. Fady Jameel, vice chairman, Jameel Motors, said: 'This marks an exciting new chapter for Jameel Motors as we expand into Italy — one of Europe's most high-potential automotive markets. Our collaboration with Geely Auto brings together innovation, quality, and a shared commitment to a more sustainable mobility future. 'By winning this agreement, we look forward to offering Italian customers a new standard in electric mobility with advanced vehicles that truly meet their evolving needs. We also look forward to seeing Jameel Motors continue its international expansion as a distinguished partner in the mobility sector.' Moe Wang, vice president of Geely Auto International Corporation, said: 'Expanding to Italy is an important step in Geely Auto's globalization strategy. With the in-depth cooperation with Jameel Motors, Geely Auto will fulfill its mission of providing green, intelligent and convenient mobility solutions, and comprehensively enhance consumers' mobility experience.' Jasmmine Wong, chief executive officer, Jameel Motors, said: 'This is an incredible opportunity at a time when the market has become increasingly dynamic due to the green transition and the rapid technological change in the automotive sector. The ability to innovate, listen to the customer, and anticipate trends will be our strength, allowing us to offer increasingly innovative and sustainable solutions.' Jameel Motors Italia will be led by Marco Santucci, a seasoned automotive executive with almost three decades of experience in the Italian market. Santucci has held pivotal roles at Ford, Toyota Motor Europe, and most recently served as president and CEO of Jaguar Land Rover Italy. Renowned for his leadership and expertise in sales and marketing, innovation, and customer experience, he brings a track record of driving performance and sustainable growth. His deep industry insight and strategic mindset position him as a key asset in advancing Jameel Motors Italia's vision. Marco Santucci, managing director, Jameel Motors Italia, said: 'With Geely Auto's cutting-edge technology and Jameel Motors' customer-first approach, we are well-positioned to deliver real value to the market. Remaining flexible and open to change will be the key to ensuring a future of success, generating a positive impact for the market and our customers.' Geely Auto is a leading Chinese automobile manufacturer and pioneer in intelligent driving, with a presence in more than 80 countries and sales of over 2.17 million vehicles in 2024. Geely Auto operates with an innovation-first mindset, driven by more than 50,000 employees working across 12 factories and 5 global R&D centers in Hangzhou, Ningbo, Gothenburg, Coventry and Frankfurt. Most recently, it released the first 'Intelligent Vehicle AI' technology system. Furthermore, Geely Auto has consistently ranked as a top ESG performer within its sector, having achieved an AA grade in the MSCI ESG Rating and as part of the Hang Seng Corporate Sustainability Index. Since 2023, Italy has been Geely Auto's hub for creativity and design with the establishment of Geely Innovation Design Center in Milan. It works in tandem with the Geely global design network for vehicle design and concept development. From working closely with top-tier Italian designers to provide electric mobility solution to local consumers, Geely is committed to firmly establishing its brand in Italy with increasing awareness. Jameel Motors represents some of the world's most recognized commercial and passenger vehicle brands and has operations in more than 10 countries across the Middle East, Africa, Europe, Asia and Australia. This agreement marks another milestone as Jameel Motors continues to expand internationally and harness innovation for the future of mobility. 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Bloomberg
03-07-2025
- Automotive
- Bloomberg
China's Geely Brand Enters Italy With All-Electric, Hybrid SUVs
Billionaire Li Shufu's Geely Automobile Holdings will enter Italy for the first time with its namesake brand, extending a push by Chinese carmakers to expand in Europe. Geely plans to introduce two sport-utility vehicles, its all-electric EX5 and a Super Hybrid plug-in, in Italy during the fourth quarter, according to a statement Thursday. The company has partnered with Saudi-owned distributor Jameel Motors, which won an agreement in Poland in April.
Yahoo
17-06-2025
- Business
- Yahoo
Wefox wraps up sale of Italian operations to J.C. Flowers
Wefox has concluded the sale of its Italian operations, wefox MGA and wefox Services Italy, to investment funds overseen by J.C. Flowers, a private equity firm. The completion of this acquisition, first announced in May, signifies a strategic shift for the company as it now operates as an independent entity in the Italian insurance market. The company's existing leadership team will continue to guide its strategy, with an emphasis on technological innovation and expansion in high-potential segments, J.C. Flowers said in a statement. Wefox Italia plans to unveil a new brand identity and share further details on its strategic direction soon. The subsidiaries involved in the deal are focused on affinity distribution channels, with a concentration on motor insurance products. This divestiture is part of a strategy by wefox to enhance its financial flexibility and represents the culmination of the company's restructuring process. The sale permits the management team at wefox, led by CEO Joachim Müller, to dedicate their efforts to the development of the company's principal business activities and establish a foundation for long-term financial stability. The offloading of the Italian subsidiaries is consistent with a series of strategic moves by wefox aimed at streamlining its operations. Earlier in the year, wefox Insurance had agreed to transfer its run-off portfolio to DARAG, which included various lines such as motor damage, third-party liability, private liability, and property business spanning Germany, Italy, and Switzerland. In August last year, the wefox Group announced its exit from the German insurance market, which involved the sale of assona to the Ecclesia Group and the transfer of its insurance brokerage operations to IWV Versicherungsservice via the sale of a subsidiary. "Wefox wraps up sale of Italian operations to J.C. Flowers " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Entertainment
- Yahoo
The 8 best Little Italy neighborhoods in the U.S.
Frank DePasquale was a teenager in 1955 when his family left the foot of Mount Vesuvius in Naples to immigrate to Boston's North End. His father was chasing the Italian dream of expanding his company Ambrosio, now one of the world's biggest Italian confetti candy (Jordan almond) suppliers. Sadly, he passed away shortly after they arrived and never lived to see it. 'My lifelong ambition here is to make his dream of running Italian American businesses come true,' says DePasquale. Today, DePasquale is one of the 5.5 million Italians who immigrated to America between 1820 and 2004. He runs eight eateries in Boston's North End. In the Italian community, families (like his) pass down their beloved recipes. From Philadelphia's South 9th Street Italian Market to San Francisco's North Beach renaissance, and all the Chicago pizza in between—these are some of the most iconic Italian neighborhoods, with the best Italian restaurants, delis, markets, and bakeries in the United States. Click here to see the YouTube playlist for National Geographic's Big Little Italy. Lower Manhattan's Little Italy was once the primary American settlement for Italian immigrants, reaching 10,000 Italians in 1910. After Chinatown moved in, Little Italy was pared down to five blocks on Mulberry Street. This is where travelers can still visit America's oldest pizzeria, (Gennero) Lombardi's (1905), the first Italian cafe, Ferrara Bakery (1892), and one of its original Italian restaurants, Barbetta (1906), serving Piemontese cuisine. Stop by the Scognamillo family-owned Patsy's (1944) in Frank Sinatra's old stomping grounds. The neighborhood hosts the annual Feast of San Gennaro in September with parades, live music, and street food like calzones and zeppole (fried dough). Meanwhile in the Bronx, often dubbed New York City's 'Real Little Italy,' Italian shops and restaurants—like Mario's—have lined Arthur Avenue for a century. Italian Americans shop at Arthur Avenue Market, developed by former Mayor Fiorello LaGuardia in 1940. Pillowy gnocchi baked with sweet marinara, buffalo mozzarella, and basil in a wood-fired oven is worth the indulgence at DePasquale's Bricco restaurant—especially when paired with pepperoncini juice in a hot and dirty martini topped off gorgonzola-stuffed olives.'My whole goal is to keep the traditions going, like the feast of the seven fishes the way we celebrated in Italy and Sunday dinners,' says DePasquale, who opened his first restaurant, Trattoria Il Panino, in 1987. 'It's keeping this neighborhood the way it was.' In the historic North End, between the 1680 home of Paul Revere and the Old North Church, there are over 100 Italian restaurants, most of which are still run by generational Italian immigrant families. With newcomers, some still occupy brick apartments above touristy outdoor eateries, like Boston's first Italian cafe, Caffé Vittoria, brewing since 1929; oldest Italian restaurant, Cantina Italiana; and first pizzeria, Pizzeria Regina, open since 1926. New restaurants, including renowned Italian chef Tony Susi's Little Sage, maintain old-world flavor. Bova's, Mike's, and Modern bakeries still compete in Boston's 'cannoli wars' for bragging rights, while Parziale's has been serving pizzelle since 1907. Take it all in on Prince Street, where Prince Spaghetti was first made by Sicilian immigrants in 1912 and later filmed for the famous commercial; on a North End Boston Food Tour by life-long North End resident Bobby Agrippino; or at the annual Saint Anthony's Feast in August. The California Gold Rush drew Italian American stoneworkers to San Francisco to build mansions for the rich who'd struck gold. Sicilian anglers found blue seas off Fisherman's Wharf in San Francisco Bay, and Italian businessmen opened anchors like Ghirardelli chocolate. After the San Francisco earthquake in 1906, Italian Americans brought into the city's North Beach neighborhood their legendary eateries, including Liguria, the city's oldest bakery with the best focaccia. From the tricolor crosswalks to the new Honor Walk celebrating local notable historic Italian Americans, what's clear is San Francisco's Little Italy is experiencing a renaissance. Find all pizza styles at Tony's Pizza Napoletana owned by Guinness World Record Holder pizza tosser Tony Gemignani, and visit Fior d'Italia, open since 1886 and touted as the country's oldest Italian restaurant. Italian foodies have a lot to consider, from the rum-soaked St. Honore sponge cake at Victoria Pastry Company, the tiramisu at Stella Pastry & Cafe, and the Italian marionette show and pizza acrobatics at Festa Italiana. While pizza was first rolled out around the 6th century B.C., Chicago gets credit for its sink-your-teeth-in pizza crust. Americans inspired by pizza-tossing Neapolitan-Italians created the first deep-dish 'Chicago-style' pizza at the original Pizzeria Uno in 1943. Italians who settled in the Windy City came looking for factory jobs in the 1800s and settled in the Little Italy neighborhood of the city's Near West Side, where Italian American heritage remains strong on Taylor Street at Conte di Savoia and the family-run Pompei. Chi-town's second claim to Italian food fame—the thin-sliced Italian beef sandwich with au jus—was invented at Al's Beef by Tony Ferreri in 1938. For a James Beard award-winner try Tufano's Vernon Park Tap; for the red-sauce joint go to Peanut Park Trattoria; and for little romance, it's been The Village at Italian Village since 1927. Many Italians who came to Ohio via New York City followed in the footsteps of Joseph Carabelli. The stonecutter arrived from Lombardy in 1880, and today, the monuments he carved still stand proudly beside Cleveland's Little Italy. The original Italian neighborhood developed by Sicilian immigrants disappeared to urban renewal after World War II. Carabelli's neighborhood greets visitors with longstanding establishments, like Guarino's, established in 1918 and still family-run. Mama Santa's is the spot for a Sicilian slice and if it's chicken marsala you're after, go to La Dolce Vita, where you can still catch live opera performances. Cap off the meal with cappuccino and biscotti at Presti's, Cleveland's oldest bakery, or grab a cannoli from Corbo's. Italian families first came to San Diego in the 1920s for tuna fishing—a longstanding Sicilian tradition. This northwest Little Italy neighborhood went quiet for years, until its revival through Italian urban public art, waterfront green space, and events—thanks to its Little Italy Association. Tucked in among over 70 Italian food establishments is the award-winner that helped bring the neighborhood back to life in 2003, Market By Buon Appetito. Other gems include Enoteca Adriano, Pappalecco (serving Italian coffee, gelato, and paninis), and Vincenzo Cucina & Lounge and its pasta bar. There's also a farmer's market open twice a week and a European-style gathering space, Piazza della Famiglia. Early Italian immigrants made Philadelphia's Bella Vista neighborhood a home. At the heart of this still-lively, charming neighborhood sits the country's oldest continually operating outdoor food market, South 9th Street Italian Market, established by early Italian immigrants living in Antonio Palumbo's boarding house. Two of the country's oldest continuously operating Italian restaurants reside in the market district: Ralph's (1900) and Dante & Luigi's Corona di Ferro (1899). Take an Italian American-led StrEATS of Philly Food Tour, and savor the sweet sfogliatelle (a flaky, shell-shaped, cream-filled pastry) at Isgro Pastries, and salty provolone and prosciutto at DiBruno Bros. market, opened in 1939 by Italian immigrants Dann and Joe Di Bruno. Anyone who has visited Providence knows that Italian roots run deep in Rhode Island's capital city. 'Growing up with my Italian grandparents was a gift—their homes were always filled with the aromas of simmering sauce, fresh pasta, meats, baked treats, and stories told around a crowded kitchen table,' says Rick Simone. Today, Providence's Federal Hill is still home to third- and fourth-generation Italians, feeding us like we're family at Camille's and Scialo Brothers Bakery. There's meat and cheese from the DiCicco family-owned Tony's Colonial Market, and Angelo's Civita Farnese—the city's oldest restaurant open since 1924. And don't forget the handmade pasta, kneaded for 80 years now at Venda Ravioli and fourth-generation meat market Antonelli Poultry. 'Italian food wasn't just a meal. It was a celebration of love, family, and tradition,' says Simone. 'Those early experiences taught me the deep value of connection, and they continue to shape everything I do today.' Anna Fiorentino is an award-winning journalist of 20 years whose work has also appeared in Afar Magazine, Outside Magazine, BBC, Smithsonian Magazine, and Boston Globe Magazine. Follow her on Instagram.
