Volkswagen in Wolfsburg VW is already battling with shareholders who are misled by the group because of too late information on the exhaust gas scandal on 22 September 2015. (Photo: AP) Of the VWGroup does not rest. As has now become known, the prosecution in Braunschweig in another case for more punishable acts Volkswagen, This… Continue reading Diesel scandal: New searches shake Volkswagen
Author: Handelsblatt in German Online News
Balance sheet: million-risk for VW financial division due to losses in diesel cars
“Crisis made changes possible that were previously unthinkable” The business of VolkswagenGroup with auto financing and leasing contracts is still hardly burdened by the diesel scandal. As the VWSubsidiary Financial Services announced on Monday, the operating result rose again last year to a record level and reached 2.46 (previous year: 2.1) billion euros. However, the… Continue reading Balance sheet: million-risk for VW financial division due to losses in diesel cars
Mission E: The Tesla Hunter will be expensive for Porsche
Competition for the Tesla Model X At the Geneva Motor Show, Porsche CEO Oliver Blume shows the Porsche Mission E Cross Turismo. An electric SUV designed to challenge Tesla. (Photo: AP) Sports car manufacturer Porsche is burdened with high investments in electromobility. For the current year is the most profitable brand of the VWGroup carefully.… Continue reading Mission E: The Tesla Hunter will be expensive for Porsche
Annual figures: BMW makes record profit – and benefits from Trump’s tax reform
BMW boss Harald Krüger Satisfied in Geneva: BMW can present a new record profit. (Photo: AP) BMW Thanks to the US tax reform, the net profit has increased significantly. The surplus climbed in 2017 to 8.7 billion euros, which is 26 percent more than in the previous year, as the Munich car maker announced on… Continue reading Annual figures: BMW makes record profit – and benefits from Trump’s tax reform
660,000 electric cars by 2025: BMW partner Great Wall invests heavily in electromobility
Everything electric With the brand Haval Great Wall is already the largest SUV provider in China. Now also the electric market is to be conquered. (Photo: Reuters) The Chinese car manufacturer Great Wall wants to more than double its annual sales by 2025 to two million vehicles. About a third of these would be electric… Continue reading 660,000 electric cars by 2025: BMW partner Great Wall invests heavily in electromobility
Cars on subscription: Daimler launches Mercedes flat rate in Germany
Subscription S-Class Mercedes experiments in Germany with subscription models. (Photo: AP) Porsche and Cadillac are already testing it in the USA: the car subscription. Now a German car maker is moving in Germany. Daimler is offering its customers a flat rate for premium vehicles under the name “Mercedes Me Flexperience”. In the future, car enthusiasts… Continue reading Cars on subscription: Daimler launches Mercedes flat rate in Germany
Andreas Renschler: The man who is to bring the VW lorry division on the stock market
Michael Lohschneller: Opel boss explains his savings plan – “It can not go on like this”
RüsselsheimThe goal that PSA has spent on the German brand is clear: By 2020 at the latest Opel make a profit again. The French do not want to reveal how high the losses of the German brand were in the past financial year. “We have no figures on a full-year basis,” said PSA CFO Jean-Baptiste… Continue reading Michael Lohschneller: Opel boss explains his savings plan – “It can not go on like this”
Group restructuring: PSA boss Carlos Tavares prepares Opel for tough decisions
PSA boss Carlos Tavares “We do not dictate, we do not give guidance, I just ask questions – sometimes meaningful, sometimes stupid.” (Photo: Reuters) ParisCarlos Tavares is known as a tough guy. On Thursday at the annual press conference, the head of the auto company PSA (Peugeot, Citroën, Opel) gave even more unforgiving: “We must… Continue reading Group restructuring: PSA boss Carlos Tavares prepares Opel for tough decisions
FAW-Volkswagen: VW joint venture recalls more than 430,000 cars
Volkswagen For the troubled company from Wolfsburg, there is now even more trouble in China. (Photo: AP) Because of a problem with the dashboard, the joint venture calls VW According to authorities, in China around 430,000 cars are returned. As the State Quality Supervision announced on Wednesday, the vehicles from FAW-Volkswagen to be ordered from… Continue reading FAW-Volkswagen: VW joint venture recalls more than 430,000 cars