Author: Interview Scanning Online

VW group CEO says management reshuffle 80% completed – FAZ – Reuters

FRANKFURT, July 31 (Reuters) – Volkswagen is not yet done reshuffling its management, group Chief Executive Herbert Diess told Frankfurter Allgemeine Zeitung (FAZ) in an interview published online on Friday. “We are 80% done with our personnel decisions. Some outstanding decisions have been prepared and we will implement them in a planned manner,” Diess said.… Continue reading VW group CEO says management reshuffle 80% completed – FAZ – Reuters

Fiat Chrysler posts lower-than-expected operating loss in second quarter – ETAuto.com

Fiat Chrysler (FCA) said its adjusted earnings before interest and tax (EBIT) were negative for 928 million euros ($1.10 billion) in the April-June period, versus forecast for a 1.87 billion euro loss. MILAN: Italian American automaker Fiat Chrysler posted a smaller-than-expected operating loss in the second quarter, as it managed to contain negative effects of… Continue reading Fiat Chrysler posts lower-than-expected operating loss in second quarter – ETAuto.com

Aston Martin’s H1 loss widens as DBX deliveries begin – Automotive News Europe

LONDON — Aston Martin reported a wider first-half loss and steep cash outflows as the UK automaker invested in the launch of its debut SUV, the DBX, which has started to arrive at dealerships. Early signs from China, a key sales market for the all-important DBX, are positive, Aston Martin said Wednesday, without providing specifics.… Continue reading Aston Martin’s H1 loss widens as DBX deliveries begin – Automotive News Europe

PSA-FCA deal terms hinge on strength of recovery, Tavares says – Automotive News Europe

PSA Group CEO Carlos Tavares said the strength of recovery from the coronavirus pandemic will determine whether a planned combination with Fiat Chrysler Automobiles can move ahead under terms agreed to last year. “At this stage it is premature to discuss this matter as long as we don’t see the magnitude of the rebound both… Continue reading PSA-FCA deal terms hinge on strength of recovery, Tavares says – Automotive News Europe

UPDATE-Breakingviews – Corona Capital: Goldman DJ, 3M masks – Reuters

DALLAS/MILAN/NEW YORK/MUMBAI/LONDON/HONG KONG (Reuters Breakingviews) – Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. The entrance of Gucci’s flagship store is pictured in downtown Frankfurt, Germany, April 7, 2017. REUTERS/Kai Pfaffenbach LATEST – College setback – Warning flare – Online luxury SWING… Continue reading UPDATE-Breakingviews – Corona Capital: Goldman DJ, 3M masks – Reuters

Peugeot Maker PSA Sticks to Outlook Despite Virus Drag – Yahoo Finance

(Bloomberg) — PSA Group held on to its financial outlook after generating a profit during the first half of the year, suggesting the French automaker has weathered the coronavirus pandemic better than feared. The company posted net income of 595 million euros ($698 million) even as lockdowns hammered vehicle sales in some of its biggest… Continue reading Peugeot Maker PSA Sticks to Outlook Despite Virus Drag – Yahoo Finance

Top EU official slams Volkswagen as ‘complicit’ in Chinese oppression – Politico

The Volkswagen factory in Wolfsburg, Germany. | Stuart Franklin/Getty Images The chair of the European Parliament’s delegation for relations with China, Reinhard Bütikofer, has slammed Volkswagen for not confronting China over its treatment of the Uighur minority in a region where the German carmaker has a factory. China’s crackdown on the Muslim Uighur community in… Continue reading Top EU official slams Volkswagen as ‘complicit’ in Chinese oppression – Politico

Ex-Nissan boss Ghosn says Renault-Nissan financial results ‘pathetic’ – The Japan Times

Paris – Former Nissan Motor Co. Chairman Carlos Ghosn took a swipe at his old employers in a newspaper interview on Sunday, calling the Renault and Nissan results “pathetic,” driven as much by a lack of joint leadership than the COVID-19 pandemic. Ghosn, who was also the chairman of Mitsubishi Motors Corp., was arrested in… Continue reading Ex-Nissan boss Ghosn says Renault-Nissan financial results ‘pathetic’ – The Japan Times

Ford CEO Jim Hackett on Bronco and design thinking – Business Insider – Business Insider

Ford CEO Jim Hackett has faced steady criticism since he took over at the automaker in 2017. Hackett is a staunch proponent of “design thinking,” and the first Ford vehicles shaped by that process are starting to come to market. The best example is the all-new Bronco SUV, which debuted last week after years of… Continue reading Ford CEO Jim Hackett on Bronco and design thinking – Business Insider – Business Insider