A truck from the VW truck subsidiary In addition to MAN, the brands Scania, Navistar, VWCO and Rio also belong to Traton. (Photo: dpa) The Volkswagen commercial vehicle holding company Traton is under pressure due to supply bottlenecks and higher procurement prices. Despite an increase in sales of almost a third to 18 billion euros… Continue reading German Handelsblatt: Commercial vehicle manufacturer: VW subsidiary Traton is struggling with delivery bottlenecks and high costs004881
Category: Automotive
German Handelsblatt: Auto industry: “We need radical steps” – Audi wants to halve factory costs004880
Audi assembly in Ingolstadt Audi plans radical conversion. (Photo: Audi) The Volkswagen subsidiary Audi wants to halve factory costs in the coming years. “Having production costs in half means halving the hours per vehicle,” said Audi Board Member for Production Gerd Walker in Ingolstadt. In addition, the two large German Audi plants in Ingolstadt and… Continue reading German Handelsblatt: Auto industry: “We need radical steps” – Audi wants to halve factory costs004880
Pony.ai forms autonomous truck JV with Sany Heavy Truck in China
Autonomous vehicle company Pony.ai is forming a strategic joint venture with Sany Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer Sany Heavy Industry, to create an autonomous truck brand. The plan is to combine Pony.ai’s “virtual driver” with Sany’s technical prowess in building heavy-duty trucks to build automotive-grade self-driving trucks with Level 4 autonomy,… Continue reading Pony.ai forms autonomous truck JV with Sany Heavy Truck in China
Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Single Aisle Aircraft drive Global Fleet Recovery in the Post-Covid Era
Looking at many airlines today, it is apparent that more than 80% of their installed fleet constitutes single-aisle aircraft, ranging from small to middle-sized planes. From our position, the long-term outlook is that the aviation market will likely shift towards narrow-body, with single-aisle aircraft share in the global commercial aviation market increasing to over 56%… Continue reading Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Single Aisle Aircraft drive Global Fleet Recovery in the Post-Covid Era
Need for Supply Chain Solutions Boosts Global Freight Visibility Demand
“Visibility platforms have transformed how logistics stakeholders manage their inbound and outbound shipments,” said Mugundhan Deenadayalan, Mobility Senior Industry Analyst at Frost & Sullivan. “Further, unique value propositions like freight cost management and trade management systems make enterprises rely on predictive and dynamic freight intelligence for optimized transportation performance and end-to-end supply chain orchestration.” Deenadayalan… Continue reading Need for Supply Chain Solutions Boosts Global Freight Visibility Demand
Timeless Indulgence: The St. Regis Qingdao Kicks Off Three-day First Anniversary Celebrations
Like the dazzling jade polished from rough stone, The St. Regis Qingdao radiates delicacy and exquisite. The first anniversary is its highlight moment and the beginning of a new journey. The St. Regis Qingdao sincerely invites luminaries from all walks of life to witness the splendid moment of its first anniversary. Violet Hour Inspired by… Continue reading Timeless Indulgence: The St. Regis Qingdao Kicks Off Three-day First Anniversary Celebrations
Samsung posts 12 percent increase in profit but warns of weak mobile and PC demand
For the second quarter of 2022, Samsung has reported a consolidated revenue of KRW 77.2 trillion (US$59.4 billion), which is a record high for the quarter ending on June 30th. Samsung’s operating profit also reached KRW 14.1 trillion (US$10.8 billion) — that’s 12 percent higher from the same period a year earlier and is its… Continue reading Samsung posts 12 percent increase in profit but warns of weak mobile and PC demand
July Auto Sales Drop as Headwinds Slow Recovery
Compact cars is the only vehicle segment expected to see a rise in the July 2022 new vehicle sales forecast. Source: Cox Automotive July U.S. auto sales are expected to show very little change from June’s results as a lack of supply continues to batter the new-vehicle market, according to the Cox Automotive forecast released… Continue reading July Auto Sales Drop as Headwinds Slow Recovery
German Handelsblatt: Quarterly report: Volkswagen sees improvement in the semiconductor situation – The second half of the year should be significantly better004877
Production of the ID.4 at VW in Zwickau The mass brands Volkswagen passenger cars, Skoda and Seat have recently been exposed to severe production restrictions due to the chip crisis. (Photo: dpa) Volkswagen is entering the second part of the year with more optimism. “The group expects the product mix to normalize as the semiconductor… Continue reading German Handelsblatt: Quarterly report: Volkswagen sees improvement in the semiconductor situation – The second half of the year should be significantly better004877
@Nissan: 2022/07/28 Nissan reports April-June progress for fiscal year 2022 Nissan Motor Co….000810
2022/07/28 [embedded content] ・ Operating profit of 64.9 billion yen and net income of 47.1 billion yen reported in the first quarter・ Significant increase in revenue per unit of key models as quality of sales continues to improve YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced financial results for the three months ended June… Continue reading @Nissan: 2022/07/28 Nissan reports April-June progress for fiscal year 2022 Nissan Motor Co….000810