Romanian carmaker Automobile Dacia, a subsidiary of France’s Renault group, has registers a all-time high profit last year of EUR 162 million, up 40 percent compared to 2017.The group posted a total turnover of EUR 5.3 billion in 2018, an increase by 5 percent compared to the previous year.The results include only the Romanian businesses, excluding the Morocco factory that produces cars under Dacia brand.
Author: World_Newz Mon
VW to Reshuffle $56 Billion Battery Push as Samsung Deal at Risk
Volkswagen AG is reworking its battery-purchasing plan worth about 50 billion euros ($56 billion) over concerns a supply deal with Samsung SDI Co. Ltd. might unravel, according to people familiar with the matter.
Opel to start production of new petrol engine in Hungary
Zoltán Kaszás acknowledged a drop in production and a decline in revenue at the plant in recent years.It employs about 1,000 people.
Mitsubishi Secretly Working On New Lancer Evolution-Style SUV With Nissan’s Help
What this Mitsubishi-Nissan collaboration means is that the alliance will create a highly competitive parts bin out of which they will build their respective next-generation EVs.
Germany’s Bosch fined $100m over diesel scandal
German prosecutors have fined auto parts and technology company Bosch 90 million euros ($100 million) over its role in the diesel emissions scandal that erupted at Volkswagen in 2015.Bosch delivered millions of engine control systems that were installed on various manufacturers’ cars starting in 2008 and whose software, in prosecutors’ words, “contained in part prohibited strategies” — leading to cars emitting more nitrogen oxide than permitted by regulators.The bulk of the fine — 88 million euros — stems from profits on the sales of the parts, with the remaining 2 million euros covering the misdemeanor itself.
137,000 Honda CR-Vs recalled to fix faulty airbags
Honda is recalling 137,000 vehicles in the U.S. after three people were injured by sudden airbag deployments.The action affects the automaker’s popular 2019 CR-V and requires the replacement of the steering wheel wire harness and supplemental restraint system cable.In an unrelated issue, 19,000 various Honda models that had their defective Takata airbags replaced are being recalled because the new ones were improperly installed.
Audi’s Electric Ambitions Just Killed the TT and May Cull the R8
Volkswagen AG’s Audi will cease making the iconic TT coupe and replace it with a battery-powered model as the luxury brand accelerates an electric shift that may also see the next version of its flagship A8 sedan go emission-free.
Hyundai Motor heir stresses customer-first value, partnerships with mobility firms
Hyundai Motor Group Executive Vice Chairman Chung Eui-sun has vowed to bring the focus back to customers and stressed that the group’s future success lies on building firm partnerships with global mobility companies.Chung had been invited to share his thoughts and priorities for the world’s fifth-largest automaker.Hyundai Motor Group Executive Vice Chairman Chung Eui-sun (left) speaks with Carlye Group Co-CEO Lee Kew-song during an event in Seoul.
BMW CEO’s future in doubt as tensions erupt on tackling shift to EVs
BMW AG chief executive officer Harald Krueger’s job is hanging in the balance as the luxury carmaker steers towards a future of electric and autonomous vehicles and navigates weakening markets.BMW – like other carmakers – is making a costly transition to electric cars and new business models, and is confronting deep-pocketed tech competitors encroaching with new mobility options including ride hailing.Daimler, Toyota Motor Corp and Volvo Cars, meanwhile, have forged partnerships with Uber Technologies Inc, while Jaguar Land Rover is teaming up on self-driving electric cars with Alphabet Inc’s autonomous vehicle unit Waymo.
Ford Sollers will maintain dealership network in all Russian regions
MOSCOW, May 22. / TASS /. Ford Sollers, a joint venture between the American car manufacturer Ford and the Russian Sollers, announced that it would maintain dealership networks in all Russian regions, the company said in a statement on Wednesday.
“At the moment, more than 100 dealership centers, which is 85% of the total, have confirmed their intention to continue working with the Ford brand. We're continuing to accept applications, and the company plans to extend dealer contracts with 99% of the network,” said Ford Sollers said in a statement.
They added that maintaining the dealership network is a priority for the company. “More than half of Ford Sollers dealers will be engaged in both selling and servicing Ford Transit, and repairing and servicing Ford cars, the rest – solely maintenance and repair,” the press service said.
As previously reported, the new joint venture Ford Sollers, will be created at the existing Ford Sollers Yelabuga plant, and will begin operation starting o..