FILE PHOTO: An employee leaves the Volkswagen (VW) plant as the company will temporarily close its factories in Mexico amid growing worries over the spread of the coronavirus disease (COVID-19), in Puebla, Mexico March 29, 2020. REUTERS/Imelda Medina/File Photo MEXICO CITY (Reuters) – Volkswagen’s Mexico unit has agreed an increase in worker pay and benefits… Continue reading Volkswagen Mexico agrees 5.5% hike in worker pay and benefits
Category: Uncategorized
Nokia wins second round of legal fight against Daimler on patent fees
FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo HELSINKI/BRUSSELS (Reuters) – Nokia (NOKIA.HE) won on Tuesday the second of its ten lawsuits against Daimler (DAIGn.DE) over patent licensing fees after a German court said the carmaker had not made a serious… Continue reading Nokia wins second round of legal fight against Daimler on patent fees
@VW Group: Porsche SE acquires stake in Aurora Labs
Stuttgart, 13 August 2020. Porsche Automobil Holding SE (Porsche SE), Stuttgart, expands its venture portfolio by investment in Aurora Labs Ltd (Aurora Labs), Tel Aviv / Israel, for 2.5 million US dollars. This represents a stake in the low single digit percentage area. Founded in 2016, Aurora Labs is specialized in the validation and verification… Continue reading @VW Group: Porsche SE acquires stake in Aurora Labs
@VW Group: Group result after tax of minus 329 million euro for the first half of the year influenced by the Covid-19 pandemic
Stuttgart, 10 August 2020. The group result after tax of Porsche Automobil Holding SE (Porsche SE), Stuttgart, came to minus 329 million euro in the first six months of the fiscal year 2020 – compared to plus 2.38 billion euro in the prior-year period. The group result is significantly influenced by the result from the… Continue reading @VW Group: Group result after tax of minus 329 million euro for the first half of the year influenced by the Covid-19 pandemic
@VW Group: Adjustment of dividend proposal and rescheduled AGM
Stuttgart, 30 July 2020. The executive board and supervisory board of Porsche Automobil Holding SE (Porsche SE), Stuttgart, have agreed upon proposing a dividend of 2.21 euro per preference share and 2.204 euro per ordinary share to the Annual General Meeting (AGM) of Porsche SE thus adjusting the dividend distribution to the prior years’ level. This… Continue reading @VW Group: Adjustment of dividend proposal and rescheduled AGM
@VW Group: Porsche SE withdraws its forecast for the group result after tax for the fiscal year 2020
Stuttgart, 16 April 2020. Porsche Automobil Holding SE, Stuttgart („Porsche SE”), withdraws its forecast for the group result after tax for the fiscal year 2020. The result of the Porsche SE Group is significantly influenced by the at-equity result attributable to Porsche SE and thus by the earnings situation of the Volkswagen Group. Volkswagen AG… Continue reading @VW Group: Porsche SE withdraws its forecast for the group result after tax for the fiscal year 2020
@VW Group: Bugatti development – perfect temperature control at 400 km/h
The atmosphere in the interior is pleasantly cool despite the baking heat outside. No draughts can be felt at all – just the way things have to be to create a sense of comfort that is very noticeable even though it’s completely invisible. As the overall technical coordinator for Bugatti air conditioning systems – and… Continue reading @VW Group: Bugatti development – perfect temperature control at 400 km/h
@VW Group: Chiron Pur Sport – final handling tests on the Nordschleife
The Nordschleife is considered the most demanding circuit in the world, which is why it is nicknamed the “Green Hell”. 33 left-hand bends and 40 right-hand bends, 17 per cent uphill and downhill slopes and a difference in altitude of 300 metres over a length of 20.832 kilometres: any vehicle that can cope with this… Continue reading @VW Group: Chiron Pur Sport – final handling tests on the Nordschleife
Amazon to help Toyota build cloud-based data services
Signage is seen at an Amazon facility in Bethpage on Long Island in New York, U.S., March 17, 2020. REUTERS/Andrew Kelly (Reuters) – Amazon.com Inc’s (AMZN.O) cloud computing unit will help Japan’s Toyota Motor Corp (7203.T) build a platform to help manage and monetize data gathered from the automaker’s global vehicle fleet, the companies said… Continue reading Amazon to help Toyota build cloud-based data services
Meituan deal sets pace in Chinese bicycle-sharing
By Pete Sweeney HONG KONG: Meituan-Dianping is setting a new pace in Chinese bicycle-sharing. The multipurpose online service app agreed on Wednesday to buy Mobike for $2.7 billion. Given the competitive and cash-burning realities, its stakeholders should be relieved at the sale. For rival Ofo, and backers Alibaba and Didi Chuxing, the riding gets tougher.… Continue reading Meituan deal sets pace in Chinese bicycle-sharing