Ulrich Selzer Was only appointed head of Opel in Germany in February 2019. (Photo: Opel press photo) Munich Three things are for Opel-Boss Michael Lohscheller crucial in sales: customer satisfaction, Market share and profit. “If you can’t do that, you’re not in the right position,” the manager told Handelsblatt in the middle of last year,… Continue reading Ulrich Selzer: Opel exchanges Germany boss after only ten months
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Comment: The fire speech by VW boss Diess was overdue
Herbert Diess The VW boss, who is known for his rapid pace of change, has obviously lost patience with his team. (Photo: AP) Rarely has a German corporate leader read his Levites like the Levites VW-Boss Herbert Diess. The CEO’s findings is so devastating that with a view to the necessary transformation of the traditional… Continue reading Comment: The fire speech by VW boss Diess was overdue
Wireless taxi charging to be trialled in city
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China’s Great Wall agrees to buy General Motors’ India plant
NEW DELHI (Reuters) – Great Wall Motor (601633.SS) has agreed to buy General Motors’ (GM) (GM.N) car plant in India, the companies said on Friday, as the Chinese automaker expands overseas amid slowing domestic demand. FILE PHOTO: Employees work on the assembly line at the General Motors plant in Talegaon, about 118 km (73 miles)… Continue reading China’s Great Wall agrees to buy General Motors’ India plant
Volkswagen said to acquire 20% stake in Chinese battery maker Guoxuan
Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market. The deal would mark Volkswagen’s first direct ownership in a Chinese battery maker and comes as the Wolfsburg-based… Continue reading Volkswagen said to acquire 20% stake in Chinese battery maker Guoxuan
Citygate buys two Volkswagen dealerships in London from Inchcape
Citygate has bought Volkswagen dealerships in Brentford and Twickenham from Inchcape. the Brentford business becomes its largest dealership with a 1.6-acre site, four floors and 28 service bays. Twickenham will undergo a refit to become a brand-new SEAT dealership offering SEAT and Volkswagen servicing. Citygate CEO, Jonathan Smith, said: “We are delighted to have completed… Continue reading Citygate buys two Volkswagen dealerships in London from Inchcape
Car company in transition: VW boss Diess: “If we continue at our current pace, it will be very tight”
VW CEO Herbert Diess The car manager appeals to its managers to face up to change. (Photo: AP) Berlin / Wolfsburg VW-Boss Herbert Diess is considered a man of quiet tones. All the more remarkable is the flaming appeal with which Diess swore his managers in a strategy speech on Thursday. This warned the managers… Continue reading Car company in transition: VW boss Diess: “If we continue at our current pace, it will be very tight”
Bolt raises €50M in venture debt from the EU to expand its ride-hailing business
Bolt, the billion-dollar startup out of Estonia that’s building a ride-hailing, scooter and food delivery business across Europe and Africa, has picked up a tranche of funding in its bid to take on Uber and the rest in the world of on-demand transportation. The company has picked up €50 million (about $56 million) from the European… Continue reading Bolt raises €50M in venture debt from the EU to expand its ride-hailing business
Vertu Motors acquires four Sytner Group Volkswagen dealerships
Vertu Motors has added to the recent flurry of acquisitions and disposals within the Volkswagen retail network with the £8.8 million acquisition of four dealerships from Sytner Group. AM highlighted in this month’s magazine that a total of 10 VW dealerships changed hands during the last two months of 2019, with Sytner cutting its Volkswagen… Continue reading Vertu Motors acquires four Sytner Group Volkswagen dealerships
Eberspaecher Sharda JV opens plant in Pune to make BS VI CV exhaust systems for commercial vehicles
The managing directors of the partner companies officially opened the joint production plant for commercial vehicle exhaust systems. Eberspaecher Sharda Exhaust Technology, the Indian JV between Eberspächer Exhaust Technology International GmbH and Sharda Motor Industries, today officially opened its new production plant in Pune. The new joint venture, signed early in March 2019, will develop, produce and… Continue reading Eberspaecher Sharda JV opens plant in Pune to make BS VI CV exhaust systems for commercial vehicles