Author: Interview Scanning Online

Daimler’s second-quarter EBIT hit by coronavirus, restructuring costs – CNA

FRANKFURT: Daimler said on Thursday (Jul 16) it will stop building Mercedes-Benz sedans in the United States and Mexico as part of cost-cutting measures to streamline production, after saying it will post a smaller-than-expected operating loss in the second quarter. The company said it will post an operating loss of 1.68 billion euros (US$1.91 billion)… Continue reading Daimler’s second-quarter EBIT hit by coronavirus, restructuring costs – CNA

VW group CEO says management reshuffle will continue – Automotive News Europe

August 01, 2020 12:02 PM Reuters Reuters Volkswagen Group CEO Herbert Diess at the automaker’s plant in Wolfsburg, Germany, in late April, as production restarted. FRANKFURT – Volkswagen Group is not done reshuffling its management, CEO Herbert Diess told a German newspaper in an interview. “We are 80 percent done with our personnel decisions. Some outstanding decisions… Continue reading VW group CEO says management reshuffle will continue – Automotive News Europe

My Life in Cars: Guz Khan

Some of my earliest memories are of brand-new leather seats in a BMW 7 Series. I was in the front seat of my uncle’s E32 back when no one cared about car seats or child safety. I must have been five or six years old. That’s one of my earliest memories of really loving cars.… Continue reading My Life in Cars: Guz Khan

TopGear.com

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Volkswagen group CEO says management reshuffle 80% completed – FAZ – Reuters UK

FILE PHOTO: Volkswagen Group CEO Herbert Diess arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” (The golden steering wheel) given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke/File Photo FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) is not yet done reshuffling its management, group Chief Executive Herbert Diess told… Continue reading Volkswagen group CEO says management reshuffle 80% completed – FAZ – Reuters UK

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