Porsche Despite the Corona crisis, the group is sticking to its return target. (Photo: dpa) Frankfurt The VWSubsidiary wants a total of around 15 billion euros in electromobility and digitalization invest. The money is said to flow into the development of new electric cars, such as variants of the Taycan and the battery-powered Macan for… Continue reading VW subsidiary: Porsche is investing 15 billion euros in e-cars and digitalization
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Truckmaker Volvo to put all 20,000 Swedish staff on temporary lay off-scheme
FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo STOCKHOLM (Reuters) – Truckmaker AB Volvo (VOLVb.ST) said on Friday it would put all its 20,000 staff in Sweden on short-term temporary lay off-scheme starting next week as it plans to… Continue reading Truckmaker Volvo to put all 20,000 Swedish staff on temporary lay off-scheme
EXCLUSIVE Possible cooperation: Volkswagen and Daimler are exploring software cooperation
DPA (2) Volkswagen and Daimler: The groups are exploring possible cooperation at the highest level. The auto companies Volkswagen Show stock market chart and Daimler Show stock market chart think about a software cooperation. There were first talks about a partnership reports the manager magazin. Volkswagen CEO Herbert Diess (61) and his Daimler colleague Ola… Continue reading EXCLUSIVE Possible cooperation: Volkswagen and Daimler are exploring software cooperation
The German car also stops
“Our main goal is to stop the spread of the virus.” It is in these terms that Herbert Diess, the boss of Volkswagen, justified the shutdown of most of the group’s factories in Europe. In recent days, the management of the German manufacturer has been criticized by members of the works council who accused it… Continue reading The German car also stops
Tesla to halt operations at two US factories due to Coronavirus
Tesla is to temporarily stop operations at two of its factories in California and New York in response to concerns about the coronavirus pandemic. In an announcement on Thursday, Tesla said it would “temporarily suspend production” at its 10,000-employee factory in Fremont, California, its main car assembly hub in the United States, by the end… Continue reading Tesla to halt operations at two US factories due to Coronavirus
Hero MotoCorp’s Chittoor plant begins production
File photo of Dr. Pawan Munjal, Chairman, Hero MotoCorp. At 11.6 million units per annum, the company has the highest manufacturing capacity in its segment in India. Hero MotoCorp, the country’s largest two-wheeler manufacturer, has commenced commercial production at its new greenfield manufacturing facility, situated at Chittoor in Andhra Pradesh on March 19. The Chittoor facility… Continue reading Hero MotoCorp’s Chittoor plant begins production
Volvo cars to temporarily close plants in U.S. and Sweden
FILE PHOTO: The Volvo logo is seen on the grille of the 2019 Volvo V60 at the New York Auto Show in the Manhattan borough of New York City, New York, U.S., March 28, 2018. REUTERS/Shannon Stapleton FRANKFURT (Reuters) – Swedish carmaker Volvo is suspending production at its factories in Sweden, the United States and… Continue reading Volvo cars to temporarily close plants in U.S. and Sweden
ACRA Letter to Treasury Secretary Asks for COVID-19 Relief
Car rental companies provide – large and small – such services day-in and day-out to government agencies, other essential businesses, and the public in every community across the country. Screenshot via ACRA. The American Car Rental Association has penned a letter to Treasury Secretary Steve Mnuchin to advocate for the car rental industry being included… Continue reading ACRA Letter to Treasury Secretary Asks for COVID-19 Relief
Rate Pros to Lower April Rates
Photo via Depositphotos. In an effort to strengthen its partnership with its clients during the coronavirus pandemic, Rate Pros has announced plans to reduce April invoices. “We know that revenue management is now more important than ever, while budgets are more constrained than before, so we want to partner in the pain to help our customers preserve revenue and… Continue reading Rate Pros to Lower April Rates
Aluminium maker Hydro slashes output for auto, construction as virus spreads
Hydro was maintaining output at its giant primary metals plants, which turn raw materials into slabs of aluminium, but was slashing output at several facilities that turn those metal blocks into products for a wide range of industries. OSLO: Aluminium maker Norsk Hydro is reducing or halting production of some components for the auto and… Continue reading Aluminium maker Hydro slashes output for auto, construction as virus spreads