Getty Images Looking for buyers: German carmakers are suffering from overcapacity and dwindling demand. The corona crisis is putting itself under pressure. Now VW and BMW are campaigning for another purchase bonus. The call for further support in the corona-Crisis will also occur among Germans Car makers volume up. In any case, characterized by falling… Continue reading Slump in sales, overcapacity: carmakers demand new purchase premium in the Corona crisis
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Car parts maker Faurecia expects full China output in May as sales slide
FILE PHOTO: An illustration shows a car dashboard with a giant screen on the side of the Faurecia booth during the 2019 CES in Las Vegas, Nevada, U.S. January 8, 2019. REUTERS/Steve Marcus/File Photo PARIS (Reuters) – Faurecia’s (EPED.PA) first quarter sales fell by 13.5% due to the coronavirus crisis, the French car parts maker… Continue reading Car parts maker Faurecia expects full China output in May as sales slide
Battle of lobbies around European objectives to reduce CO2 emissions in the automobile
“Now is not the time to go back on Europe’s basic emission rules”, insist several civil society organizations and large groups – such as the Swedish giant Ikea or the multinational Unilever – in a letter sent on Thursday 16 April to the European Commission. The 14 co-signers say they are “very concerned” about the… Continue reading Battle of lobbies around European objectives to reduce CO2 emissions in the automobile
Billionaire Stroll completes Aston Martin investment
Canadian billionaire Lawrence Stroll has formally taken up his role as executive chairman of Aston Martin Lagonda, having completed his purchase of a 25% stake in the firm today. In addition, it has been revealed that Stroll’s consortium has passed on some of its shares to two further investor consortiums, one of which is led… Continue reading Billionaire Stroll completes Aston Martin investment
Car maker: VW makes a comparison with 200,000 diesel holders
VW logo The car maker pays diesel owners compensation in the millions. (Photo: AFP) Hamburg Volkswagen has as part of the comparison negotiated with consumer protection groups agreed on compensation with around 200,000 diesel owners. A total of around 620 million euros will be distributed to them, the Wolfsburg-based carmaker announced on Monday, the cut-off… Continue reading Car maker: VW makes a comparison with 200,000 diesel holders
New Aston Martin boss says focus on SUV launch, restarting factories
FILE PHOTO: A logo on the new Aston Martin DBX at the new Aston Martin Lagonda factory in Barry, Wales, Britain February 21, 2020. REUTERS/Rebecca Naden/Pool/File Photo (Reuters) – Aston Martin’s (AML.L) immediate priorities will be restarting manufacturing and launching production of its crucial first sport utility vehicle, the luxury carmaker’s new boss, Formula 1… Continue reading New Aston Martin boss says focus on SUV launch, restarting factories
Volvo: Android Auto because of Google Maps
The Swedish manufacturer Volvo integrates Android Auto mainly because of Google Maps. Google Maps is probably still one of the most used navigation systems, especially because it works from the smartphone and you do not need a navigation system to be installed. It is part of Android Auto, what was recently Android Automotive was replaced.… Continue reading Volvo: Android Auto because of Google Maps
Mercedes F1 boss Wolff takes a stake in Aston Martin
LONDON (Reuters) – Mercedes Formula One boss Toto Wolff has taken a stake in British sportscar maker Aston Martin, whose executive chairman Lawrence Stroll runs the Racing Point F1 team, according to company filings. FILE PHOTO: Formula One F1 – Russian Grand Prix – Sochi Autodrom, Sochi, Russia – September 28, 2019 Mercedes’ team principal… Continue reading Mercedes F1 boss Wolff takes a stake in Aston Martin
Toyota Kirloskar Motor’s Vikram Gulati: ‘The biggest challenge now is going to be around the supply chain.’
As the Indian automotive industry gears up to resume operations with the government announcing relaxations for some small-scale sectors from April 20, ensuring a seamless supply chain is going to be a big challenge for OEMs and suppliers. Also, while companies are working on ‘restart manuals’ to practice the new normal and adhere to social… Continue reading Toyota Kirloskar Motor’s Vikram Gulati: ‘The biggest challenge now is going to be around the supply chain.’
Hyundai utilising Covid-19 lockdown to finalise upcoming cars
NEW DELHI: When it comes to automakers leading the charge in fight against Covid-19, Hyundai Motor India has been proactive in supporting governments in more ways than one. Hyundai is also making full use of the lockdown to finalise the products in the pipeline, a top company official said on Saturday. From helping its employees… Continue reading Hyundai utilising Covid-19 lockdown to finalise upcoming cars