Category: News Site

Excessive investment: Bosch does not build its own battery cells

Bosch will continue to build battery cells for electric cars in the future. (Image: Bosch) Bosch Despite the commitment in the electromobility decided against its own battery cell production. The company also wants to drive back or sell the research for better rechargeable battery cells. The automotive supplier Bosch does not want to build its… Continue reading Excessive investment: Bosch does not build its own battery cells

PSA will pay 2,400 euros minimum profit sharing to its employees

“Under the incentive 2017, the amount that will be distributed to our employees in average value will be 2,600 euros, with a floor value of 2,400”, said Tavares on RTL.If the boss of PSA did not specify whether it was a gross or net amount, the CFTC-PSA has mentioned in a statement a minimum amount… Continue reading PSA will pay 2,400 euros minimum profit sharing to its employees

‘The IC engine will continue to be a major part of our business.’

by Sumantra B Barooah Mar 01, 2018 Arvind Balaji, joint managing director, Lucas TVS, spoke to Autocar Professional’s Sumantra B Barooah on the sidelines of the Auto Expo – Components Show 2018 last month.  Are you are taking new steps to prepare your company to tap the new megatrends and where do you see the… Continue reading ‘The IC engine will continue to be a major part of our business.’

CORRECTED-Peugeot hits new earnings record despite Opel loss

PARIS (Reuters) – PSA Group (PEUP.PA) shrugged off losses at the newly acquired Opel division to lift sales, profit and operating margin to new records in 2017, the French carmaker said on Thursday. The maker of Peugeot, Citroen, Opel and Vauxhall cars said net income rose 11.5 percent to 1.93 billion euros ($2.35 billion) on… Continue reading CORRECTED-Peugeot hits new earnings record despite Opel loss

Mission E: Porsche wants to equip dealers with 800V fast charging stations

Mission E (Image: Porsche) Porsches Electric sports car Mission E should feel like a true Porsche even without an internal combustion engine. Dealers get 800V fast charging stations. In 20 minutes, power should be in the battery for a range of 400 km. The head of the electric vehicles department at Porsche, Stefan Weckbach, in… Continue reading Mission E: Porsche wants to equip dealers with 800V fast charging stations

UK car industry must be at the heart of Brexit negotiations, say MPs

Automotive industry Investment and thousands of jobs could be lost in booming automotive sector, committee warns The BEIS parliamentary committee warns that car manufacturing in the UK could face frosty investment conditions after Brexit. Photograph: Ian Horrocks/Getty Images The UK government must put the car industry at the heart of Brexit negotiations or risk the… Continue reading UK car industry must be at the heart of Brexit negotiations, say MPs

Exclusive: Go-Jek, Traveloka and Tokopedia in talks to invest in insurtech startup PasarPolis

March 1, 2018 Indonesia’s unicorns Go-Jek, Traveloka and Tokopedia are in advanced discussions to invest in insurance tech (insurtech) startup PasarPolis, according to three people aware of the development. PasarPolis claims to be one of the first online portals in Indonesia to provide varying insurance options covering health, vehicle, accident, property, travel and life. It allows users to… Continue reading Exclusive: Go-Jek, Traveloka and Tokopedia in talks to invest in insurtech startup PasarPolis

Porsche’s Electric Mission E Gets Its Own Superchargers

Much of driving a Porsche, or any sports car, is about confidence—the reassurance that you’re sitting in a work of art that can also fling you away from a red light, putting the proletariat in their place: the rearview mirror. The rule holds for the automaker’s upcoming Mission E, the all-electric sedan aiming to replace… Continue reading Porsche’s Electric Mission E Gets Its Own Superchargers

John Clark opens new Volvo dealership in Edinburgh

John Clark Motor Group has opened a Volvo dealership in Edinburgh, the first Volvo business for the group. John Clark is rated 16 in the Motor Trader Top 200 with annual turnover of £702.8m, representing Audi, BMW, Dacia, Jaguar, Land Rover, Nissan, Peugeot, Renault, Seat, Skoda, Volkswagen and now Volvo. Chris Clark, managing director, said:… Continue reading John Clark opens new Volvo dealership in Edinburgh