Category: News Type

Continental Achieves Adjusted Annual Targets in 2019 and Focuses on a Healthy Mobility Ecosystem

Sales up slightly at €44.5 billion (2018: €44.4 billion) Market growth: about -6 percent; organic sales growth: -2.6 percent Adjusted operating result: €3.2 billion (2018: €4.1 billion); adjusted EBIT margin 7.4 percent (2018: 9.3 percent) Operating result (-€268 million) and net income (-€1.2 billion) negative due to non-cash write-downs already reported Free cash flow before acquisitions and carve-out effects: €1.3 billion (2018: €1.9 billion) Proposed dividend:… Continue reading Continental Achieves Adjusted Annual Targets in 2019 and Focuses on a Healthy Mobility Ecosystem

@BMW: Introducing BMW’s new brand design for online and offline communication.

München. After more than 20 years, the BMW brand has a new corporate identity for online and offline communication purposes. The BMW, BMW i and BMW M communication logos have been completely reworked, with a new logotype and new design principles. The BMW brand now delivers on the expectations and visual style of today and is… Continue reading @BMW: Introducing BMW’s new brand design for online and offline communication.

Genesis reveals new third-gen G80 sedan

Hyundai Motor Corp’s luxury car division Genesis today unveiled the all-new G80 to online audiences via a series of design renderings. The new G80 is the third-generation model which leads Genesis in the luxury market as a midsized, executive luxury sedan. “The Genesis design DNA begins from the logo itself,” said Luc Donckerwolke, Executive Vice President,… Continue reading Genesis reveals new third-gen G80 sedan

Anthony Levandowski ordered to pay $179 million to Google

Anthony Levandowski, the engineer and autonomous vehicle startup founder who was at the center of a trade secrets lawsuit between Uber and Waymo, has been ordered to pay $179 million to end a contract dispute over his departure from Google. Reuters was the first to report the court order. An arbitration panel ruled in December… Continue reading Anthony Levandowski ordered to pay $179 million to Google

Ex-Uber self-driving head declares bankruptcy after $179 million loss to Google

SAN FRANCISCO (Reuters) – The former head of Uber Technologies Inc’s self-driving technology unit, Anthony Levandowski, filed for bankruptcy protection on Wednesday, shortly after a court confirmed that he must pay $179 million to Google to end a legal battle over his split from the Alphabet Inc unit. FILE PHOTO: Former Google and Uber engineer… Continue reading Ex-Uber self-driving head declares bankruptcy after $179 million loss to Google

@GM: GM Reveals New Ultium Batteries and a Flexible Global Platform to Rapidly Grow its EV Portfolio

GM Reveals New Ultium Batteries and a Flexible Global Platform to Rapidly Grow its EV Portfolio 2020-03-04 WARREN, Mich. – Starting today, General Motors Co. (NYSE: GM) is gathering hundreds of employees, dealers, investors, analysts, media and policymakers to share details of its strategy to grow the company’s electric vehicle (EV) sales quickly, efficiently and profitably.… Continue reading @GM: GM Reveals New Ultium Batteries and a Flexible Global Platform to Rapidly Grow its EV Portfolio

Uber driver reclassified as employee in France

France’s Court of Cassation, a court of last resort, has ruled that a former Uber driver should have been considered an employee instead of a self-employed partner. As the Court of Cassation is the supreme court of appeal in that case, Uber can no longer appeal the decision. Back in June 2017, an Uber driver… Continue reading Uber driver reclassified as employee in France

Head of Ram, Fiat Chrysler sales exits after his whistleblower lawsuit

The head of Fiat Chrysler Automobiles NV’s Ram truck brand and U.S. sales is leaving the company almost eight months after he filed a federal whistleblower lawsuit against his employer. Reid Bigland will leave effective April 3 to “pursue interests outside of FCA,” the Italian American automaker said Wednesday in a statement. His departure means the… Continue reading Head of Ram, Fiat Chrysler sales exits after his whistleblower lawsuit

@VW Group: SEAT and CUPRA make their electric offensive a reality

SEAT is making its roadmap for electrification announced last year a reality. After presenting the new generation SEAT and CUPRA Leon, which have plug-in hybrid versions, the company has presented the production version of the CUPRA Formentor in a web video conference, which was meant to be showcased at Geneva Motorshow. Formentor is the first vehicle… Continue reading @VW Group: SEAT and CUPRA make their electric offensive a reality