E-Mobility ‘Made in Baden-Württemberg’

Winfried Hermann, Transport Minister for the State of Baden-Württemberg: “To achieve our climate protection targets, we have to drastically expand our public transport infrastructure. Buses and trains must become increasingly emission-free. I’m really pleased to see that a centre of competence for electromobility has been set up at the Mannheim location and that electric buses… Continue reading E-Mobility ‘Made in Baden-Württemberg’

Finding my Place in Porsche Coming From Deep Tech and Research

07/26/2019 I believe that today is one of the most exciting times to have a deep tech and research background in the automotive industry. Why? Because research and deep tech are the bedrocks of progress and the foundation on which the next disruption of the automotive industry, and mobility in general, is built.  By driving… Continue reading Finding my Place in Porsche Coming From Deep Tech and Research

Audi invests €126m in Győr, Hungary plant

As well as bringing additional jobs, making the total around 13,000 employees, the investment could contribute to a new record in Hungarian exports.Audi Hungaria has taken a lead role in electromobility inside the Audi Group.The rapid rise in awareness amongst European consumers, as well as environmental legislation has meant that the race to bring electric vehicles into the mainstream is well and truly on.

Goodyear Reports Second Quarter, First Half 2019 Results

AKRON, Ohio, July 26, 2019 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the second quarter and first half of 2019. “Our U.S. consumer replacement and commercial businesses continued to perform well in a challenging environment, aided by recent product launches,” said Richard J. Kramer, chairman, chief executive officer and… Continue reading Goodyear Reports Second Quarter, First Half 2019 Results

After a challenging first half of the year: Audi Group confirms earnings forecast for 2019

As forecasted, the year 2019 is proving to be challenging for the Audi Group: In the first half of this year, deliveries, revenue and operating profit were lower than in the same period of 2018, partially reflecting effects from the deconsolidation of several multi-brand import companies. Operating performance was adversely affected in particular by the… Continue reading After a challenging first half of the year: Audi Group confirms earnings forecast for 2019

Bond Default Looms for Cash-Strapped Hawtai Motor

A financially strapped private carmaker is likely to default on 1.5 billion yuan ($218 million) of privately offered bonds as a deadline approaches by the end of Friday with no payment yet made.The company has four outstanding bonds, including the one due Friday, a 1 billion yuan bond due Sunday and a 2 billion yuan note due Oct. 26.Hawtai pledged 10.5 billion yuan of plants and land, plus 3.58 billion yuan of financial assets by the end of 2018.