BMW production in Shenyang The classic combustion engine business in China is shrinking. (Photo: BMW Group) Many car manufacturers are profiteers from the crisis. Because a lack of semiconductors and wiring harnesses kept the vehicle supply tight, Volkswagen, Mercedes-Benz and BMW were able to push through ever higher prices. They achieved dream returns of more… Continue reading German Handelsblatt: Mercedes, BMW, Volkswagen: Falling new car prices – car manufacturers face the end of “picture book profits”006731
Category: Automotive
Volkswagen pumps 1B euros into China electric vehicle center
Auto Shanghai, which is underway this week, is a yearly opportunity for carmakers and auto suppliers to flex their muscles and show their commitment to China, the world’s largest auto market. At this year’s edition, Volkswagen announced that it will invest around one billion euros ($1.1 billion) in a new China center for the development,… Continue reading Volkswagen pumps 1B euros into China electric vehicle center
Tesla cuts prices for Model 3, Model Y on eve of Q1 earnings
Tesla has cut the price of its Model 3 and Model Y electric vehicles for the second time this month. Now, Tesla’s most popular models will start under $40,000 before incentives. The price slash come on the eve of Tesla’s first quarter earnings report, when investors will be watching out for the automaker’s margins after… Continue reading Tesla cuts prices for Model 3, Model Y on eve of Q1 earnings
Most people have no idea that there is a 3200-year-old ancient town near Sunny Beach, Bulgaria, Reports Georgi Spasov from Hebros News
The Ancient town Nessebar is in the UNESCO World Heritage Sites List and the entrance to the town is free of charge for everyone who is curious to visit. SOFIA, Bulgaria, April 19, 2023 /PRNewswire/ — This year, like many others, thousands of Еuropean tourists will choose Bulgaria for their summer vacation. The beaches of Sunny… Continue reading Most people have no idea that there is a 3200-year-old ancient town near Sunny Beach, Bulgaria, Reports Georgi Spasov from Hebros News
GWM Accelerates Electrification, with World Premiere of New Energy Vehicles at Auto Shanghai 2023
BAODING, China, April 18, 2023 /PRNewswire/ — On April 18, GWM unveiled its five major brands of HAVAL, TANK, ORA, POER, and WEY at the 20th Shanghai International Automobile Industry Exhibition (“Auto Shanghai 2023”), and released a full range of new energy models. GWM invited 300 medias and distributors from more than 60 countries and… Continue reading GWM Accelerates Electrification, with World Premiere of New Energy Vehicles at Auto Shanghai 2023
Hexagon halves quality inspection cycles and enables flexible manufacturing with the PRESTO robotic inspection cell
HANNOVER, Germany, April 18, 2023 /PRNewswire/ — Hexagon’s Manufacturing Intelligence division has launched its new automated robotic inspection cell PRESTO, enabling manufacturers to reduce quality inspection times, increase efficiency, and streamline workflows. PRESTO will enable customers, such as automotive OEMs, to cope with the dynamic demands of the market – such as the shift to… Continue reading Hexagon halves quality inspection cycles and enables flexible manufacturing with the PRESTO robotic inspection cell
The 2023 Boating Sanya & Sanya International Wine and Spirits Fair Concludes with Fruitful Results
SANYA, China, April 18, 2023 /PRNewswire/ — Held from April 13th to 17th, the 2023 Boating Sanya & Sanya International Wine and Spirits Fair has wrapped up with resounding success. The event spanned a total exhibition area of 14,600 square meters on water and land, showcasing nearly 600 renowned brands of yachts and boats, water… Continue reading The 2023 Boating Sanya & Sanya International Wine and Spirits Fair Concludes with Fruitful Results
C5 Capital Appoints Pete Cooper as Managing Partner and Global Head of Partnerships
Former Deputy Director of Cyber Defense in the Cabinet Office of the U.K will Lead the Firm’s London Office LONDON, April 18, 2023 /PRNewswire/ — C5 Capital, a specialist venture capital firm that invests in cybersecurity, space, and advanced nuclear energy, is pleased to announce the appointment of Pete Cooper as Managing Partner and Global… Continue reading C5 Capital Appoints Pete Cooper as Managing Partner and Global Head of Partnerships
A High-Flying Start to 2023 for GO7
First-quarter accomplishments include a new brand launch, partnering with several global airlines and solidifying the leadership team LONDON, MIAMI and TEL AVIV, Israel, April 18, 2023 /PRNewswire/ — GO7, a travel technology company committed to helping travel brands transform their operations by putting power back into their hands, has had a very active start to… Continue reading A High-Flying Start to 2023 for GO7
6th CIIE Holds Global Promo Event Series to Engage More Partners
SHANGHAI, April 18, 2023 /PRNewswire/ — Since its inception in 2018, the area of its business exhibition increased from 270,000 square meters to 366,000 square meters. Exhibitors at the past five editions launched about 2,000 new products, technologies and services and clinched intended deals worth over $340 billion. Continue Reading The fifth China International Import… Continue reading 6th CIIE Holds Global Promo Event Series to Engage More Partners