Volkswagen AG is exploring potential investments in Chinese automotive suppliers as it seeks to secure access to key technology in the world’s largest car market, people familiar with the matter said.
Category: Official Press Release
BYD H1 profit triples from booming NEV sales
SHENZHEN, Aug. 23 (Xinhua) — China's leading new energy vehicle (NEV) manufacturer BYD reported a year-on-year rise of 203.6 percent in net profit for the first half of 2019 on booming NEV sales.
Its net profit reached 1.45 billion yuan (about 205 million U.S. dollars), compared to 479 million yuan in the same period last year, the Shenzhen-based company said in its interim statement filed to the Shenzhen Stock Exchange.
The figure hit the lower end of its earnings guidance issued in April.
During the January-June period, its revenue grew 14.8 percent year on year to 62.2 billion yuan. The revenue from the NEV sector surged 38.8 percent to 25.5 billion yuan.
Despite sluggish sales for gasoline-powered vehicles, the NEV market has experienced a boom in China.
In the six months, the automobile sales in China fell 12.4 percent year on year to 12.3 million units while the NEV sales soared 49.6 percent to 617,000 units, according to the China Association of Automobile Manufacturers.
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A unique variety of exclusive refinement: the BMW model offensive in the luxury segment.
Munich. With a comprehensively updated and significantly extended model range and the establishment of an independent product category, the premium manufacturer BMW has redefined its position within the luxury segment. The choice of vehicles, which in addition to brand-typical driving pleasure offer a maximum level of exclusiveness and attractiveness, is now more diverse and innovative… Continue reading A unique variety of exclusive refinement: the BMW model offensive in the luxury segment.
The Mercedes among small vans
23.
August 2019
Stuttgart
Stuttgart. Mercedes-Benz will continue its engagement in the small van segment persistently and has decided on the successor of its small van Citan as part of the Mercedes-Benz Vans product portfolio – including an electric version. The vehicle will again be established in cooperation with Renault-Nissan-Mitsubishi.
“The new Citan will undergo a comprehensive new development and clearly be recognisable as a Mercedes-Benz at first glance. We will provide for a distinctive brand-adequate identity in the successor of our small van”, explains Marcus Breitschwerdt, Head of Mercedes-Benz Vans.
Mercedes-Benz Vans has been offering the Citan since 2012. The small van with compact dimensions and a large load compartment is ideal for the wide range of challenges encountered in the city. Especially in the growing on-demand transit business the small van will be an even more interesting option for commercial customers. The main foundations for its success were laid by the combination of high functionality, versatility and economy, its comprehensive safety systems and high ride comfort.
With the Citan successor, Daimler AG and Renault-Nissan-Mitsubishi will continue their strategic cooperation which started nine years ago.
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Silke Walters
Spokesperson International Business Communications Vans
silke.walters@daimler.com
Tel: +49 (0)711 17-56118
Fax: +49 (0)711 17-52030
Ingeborg Gärtner
Spokesperson Product Communications Vans
ingeborg.gaertner@daimler.com
Tel: +49 (0)711 17-49784
Fax: +49 (0)711 17-52030
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Brushless DC Motor Brings Amazing Performance to BorgWarner’s New AWD Coupling
Technology leads to a new class of actuators for systems in combustion, hybrid and electric vehicles, including park lock and disconnect applications Optimized brushless DC motor with integrated electronics offers industry-leading dynamics and durability to latest generation of AWD coupling Lightweight design accounts for weight savings of approximately 15 percent Auburn Hills, Michigan, August 22,… Continue reading Brushless DC Motor Brings Amazing Performance to BorgWarner’s New AWD Coupling
Backseat Drivers, Hold Your Tongues: Driver Assist Technology Could End ‘Annoying’ Backseat-Driver Behaviors On The Road
Ford Co-Pilot360™ driver-assist technology can quiet nagging “backseat drivers” and help drivers navigate the roads with confidence According to a recent Ford study, 68 percent of drivers believe that “backseat driving” behavior will decrease because their role is replaced by driver-assist technology By reducing chirps from backseat drivers, driver-assist technology can help reduce relationship tensions… Continue reading Backseat Drivers, Hold Your Tongues: Driver Assist Technology Could End ‘Annoying’ Backseat-Driver Behaviors On The Road
Typically Porsche
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