Category: Automotive

After diesel manipulations: raid on Audi

Audi headquarters in Ingolstadt Prosecutors search the headquarters of the VW premium subsidiary. (Photo: AFP) The manipulation of diesel vehicles was instrumental in the AudiHeadquarters in Ingolstadt. Now the prosecutors are moving in again. In a raid on Tuesday, both the AudiCentral as well as the work in Neckarsulm searched. The goal of the 18… Continue reading After diesel manipulations: raid on Audi

TomTom reports fourth quarter and full year 2017 results

Amsterdam, the Netherlands, 6 February 2018 7:30 AM CET Financial summary Q4 ’17 Revenue of €220 million (Q4 ’16: €266 million) Gross margin of 59% (Q4 ’16: 58%) EBITDA of €37 million (Q4 ’16: €39 million) Cash flow from operating activities of €98 million (Q4 ’16: €76 million) Financial summary FY ’17 Revenue of €903… Continue reading TomTom reports fourth quarter and full year 2017 results

Scania & Haylion Cooperation

The two companies Scania and Haylion Technologies want to work together for the development of autonomous e-vehicles. Scania Haylion cooperation signing. Source: Scania The vehicle manufacturer and VW Daughter, Scania, has been working for some time on the automation and networking of trucks, The development of technology will be pushed together with the Chinese company… Continue reading Scania & Haylion Cooperation

Hyundai Motor Company Introduces Its Fuel Cell Electric Vehicle ‘NEXO’ for the First Time.

Hyundai Motor Company introduced its fuel cell electric vehicle, which is the signature vehicle for eco-friendly vehicles, called ‘NEXO’ in South Korea for the first time. It can drive up to 609km with single charge and it can go 107km more than Toyota’s ‘Mirai (total range: 502km)’, which is currently number one in global sales.Hyundai… Continue reading Hyundai Motor Company Introduces Its Fuel Cell Electric Vehicle ‘NEXO’ for the First Time.

Google Emails Show Internal Concern Over Losing Driverless Lead

Three years ago, the head of Google’s self-driving car project emailed co-founders Larry Page and Sergey Brin to sound an alarm. “Over the last six months we have stopped playing to win and instead are now playing to minimize downside,” Chris Urmson wrote. The source of his worry: Uber. That missive from Urmson, who left… Continue reading Google Emails Show Internal Concern Over Losing Driverless Lead

Porsche doubles e-mobility investment to over six billion euros by 2022

ATLANTA, Feb. 5, 2018 /PRNewswire/ — Porsche has been putting together an unprecedented future development plan: By 2022, the sports car manufacturer will invest more than six billion euros in e-mobility, focusing on both plug-in hybrids and purely electric vehicles. The decision was made by the Porsche AG Supervisory Board at its most recent meeting. “We… Continue reading Porsche doubles e-mobility investment to over six billion euros by 2022

GM races to build a formula for profitable electric cars

By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker has… Continue reading GM races to build a formula for profitable electric cars