• Reported Earnings per Share of $1.89, Up 11%; Excluding Separation Costs, EPS of $1.95, Up 14%• Reported Sales Up 9%; Organic Sales Up 5% Driven by Aerospace, Intelligrated, and Process Solutions• Operating Cash Flow of $1.1 Billion and Free Cash Flow1 (Excl. Separation Costs) of $1.0 Billion, Up 30%• Deployed Nearly $950 Million in Capital… Continue reading Honeywell Delivers Outstanding First-Quarter Results Driven By Strong Sales Performance Raises 2018 Guidance
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Dyson Abandons Sakti3 Solid-State Battery Patents
47 M BY DOMENICK YONEY Well, this sucks. Dyson — the world-famous purveyor of non-traditional-looking vacuum cleaners, hair and hand dryers, and other assorted household items — has been investing vast amounts of money to develop a line of electric vehicles that were supposed to find their way to showrooms by 2020. Well, that automotive ambition may… Continue reading Dyson Abandons Sakti3 Solid-State Battery Patents
Start-up for electric cars: Ex-Opel boss Neumann goes to California
Karl-Thomas Neumann After the sale to Peugeot Opel boss Karl-Thomas Neumann has left his post. Now he apparently has found a new job: Neumann moves to California to a start-up for electric cars, as the “Frankfurter Allgemeine Sonntagszeitung” reports. Accordingly, Neumann joins Evelozcity, which was founded by Stefan Krause, the former CFO of BMW and… Continue reading Start-up for electric cars: Ex-Opel boss Neumann goes to California
How Renault has climbed the slope in Russia
Carlos Ghosn has no doubt: Russia will be his “cash machine”. Audacious, the bet has almost failed to weaken the boss of Renault and the accounts of the manufacturer. “When I came here two years ago, it was extremely difficult,” recalls Nicolas Maure, the French sent in 2016 by the Parisian management with the approval… Continue reading How Renault has climbed the slope in Russia
PSA Group demanded 3,700 job cuts in Germany: Opel works council chief
Opel, which PSA bought from General Motors for $2.6 billion, has made losses for almost 20 years, and Tavares has been frustrated in his bid to cut high production costs. FRANKFURT: PSA Group has demanded 3,700 staff cuts by 2020 in Germany and a process of buyouts and early retirement has already resulted in a… Continue reading PSA Group demanded 3,700 job cuts in Germany: Opel works council chief
Buying a SEAT in five clicks
SEAT and Harald A. Moller amongst first movers in challenging today’s automotive distribution and business model
GM Korea talks to stave off bankruptcy extended to Monday
Rep. Hong Young-pyo from the ruling Democratic Party and GM Executive Vice President Barry Engle shake hands prior to their talks on how to resuscitate the ailing carmaker GM Korea at a restaurant in Seoul, South Korea, April 17, 2018. (Photo: YONHAP/EPA-EFE/REX/Shutterstock) General Motors has agreed to give negotiators a few more days as they try to… Continue reading GM Korea talks to stave off bankruptcy extended to Monday
Audi E-tron SUV to charge faster than Tesla Supercharger network
E-tron was shown to the press at a Siemens heavy-duty electrical engineering test centre in Berlin. Battery cooling happens via aluminium extrusions Charging at home or mainstream-roadside will be AC and rated at 11kW. Audi will build the E-Tron in Brussels. The production version will be powered by a two-motor powertrain. The E-tron will be… Continue reading Audi E-tron SUV to charge faster than Tesla Supercharger network
Aston Martin’s e-Lagonda to challenge Rolls-Royce and Bentley “duopoly”
Andy Palmer: “In powertrain technology, we want to keep complete control over our V12 engine, and we want to keep control of the electrical motor because we think this is important going forward.” Andy Palmer, CEO of Aston Martin reveals how the British sports car maker aims to be the first luxury car maker to… Continue reading Aston Martin’s e-Lagonda to challenge Rolls-Royce and Bentley “duopoly”
IONITY’s First Ultra-Fast Chargers Are Free To Use For Now
19 M BY MARK KANE IONITY launched its first ultra-fast charging station, located on the A61 motorway in Brohltal Ost in Germany. Ionity The six-charger-strong stations apparently are capable of supplying up to 150 kW, with a target of 350 kW output in the future. For now, through the end of May, charging is free,… Continue reading IONITY’s First Ultra-Fast Chargers Are Free To Use For Now