Press release – Q1 2018 Sales

Consolidated sales up 3% to 4.9 billion euros in first-quarter 2018 Jacques Aschenbroich, Valeo’s Chairman and Chief Executive Officer, commented: “In line with the medium-term growth plan presented in London in February 2017, Valeo’s organic growth will accelerate in 2018 and 2019, supported by our order intake, especially in the fields of vehicle electrification and… Continue reading Press release – Q1 2018 Sales

“The beginning of a new era”

*/ ]]> Antonio Cobo, Plant Manager Zaragoza, in an interview. Four from one factory: The Opel Corsa, Mokka X and Crossland X as well as the Citroën C3 Aircross are manufactured in Zaragoza (from left). Proud figures: since 1982, the factory in Zaragoza has produced almost 13 million vehicles and more than 3.5 million component… Continue reading “The beginning of a new era”

India’s Jugnoo adopts a unique take on ride-hailing to help fill Singapore’s Uber void

Another contender is throwing its hat into the ring to replace Uber in Southeast Asia after India’s Jugnoo, a startup that specializes in offering autorickshaws on-demand in India, revealed it plans to enter Singapore. Uber announced its exit from Southeast Asia last month in a deal that sees Grab buy its regional business, and since… Continue reading India’s Jugnoo adopts a unique take on ride-hailing to help fill Singapore’s Uber void

Activist Elliott demands Hyundai Motor encourage cumulative voting

SEOUL, April 25 (Yonhap) — U.S. activist fund Elliott Management has demanded Hyundai Motor Co. and its two affiliates remove a clause that makes it possible for the three firms to avoid a cumulative voting system to pick board members, an industry source said Wednesday. Elliott Management, which revealed earlier this month that it holds… Continue reading Activist Elliott demands Hyundai Motor encourage cumulative voting

50% of the cars sold by Volvo in 2025 will be electric

Posted 04/25/2018 11:23 PM: 37CET GÖTEBORG (SWEDEN), 25 Apr (EUROPA PRESS) – The Swedish automotive firm Volvo Cars expects 50% of its worldwide registrations to correspond to electric vehicles for the year 2025, according to the company, which affirmed that its new models launched since 2019 will have medium hybrid, plug-in hybrid and 100% hybrid… Continue reading 50% of the cars sold by Volvo in 2025 will be electric

DB Schenker tests Einride vehicle

The logistics group DB Schenker will test an Autonomous E-vehicle from Einride in Sweden. The company belonging to the railway, DB Schenker, is planning a test with Einride Vehicles off Sweden, DB Schenker Einride. Source: di.se Einride is a startup from Sweden, already with Lidl cooperates and now follows the cooperation partner DB Schenker. Starting… Continue reading DB Schenker tests Einride vehicle

Press Releases – Urban vehicle access regulations require EU stakeholder dialogue

Brussels, 25 April 2018 – Representatives of European cities and automobile manufacturers call on the European Commission to continue to support the ongoing dialogue between all players involved in urban vehicle access regulations (UVARs). Dialogue is necessary to assess the impact of UVARs on mobility, and to achieve a more coordinated approach across the EU.… Continue reading Press Releases – Urban vehicle access regulations require EU stakeholder dialogue

BMW will export from China a 100% electric SUV

In the electric, BMW put on China. And for good reason, according to its local partner, Brilliance China Automotive, the German manufacturer of luxury cars plans to produce, in 2020 its first 100% electric SUV, in their joint venture in Shenyang (Northeast). Above all, this vehicle, called “iX3”, will be sold worldwide, including North America.… Continue reading BMW will export from China a 100% electric SUV

Bosch expects to invoice up to 3% more in 2018, exceeding 80,400 million

Posted 04/25/2018 13: 36: 38CET The company confirms the results advanced in January, with a turnover of 78,100 million in 2017 MADRID, Apr. 25 (EUROPA PRESS) – The Bosch Group expects its turnover to grow between 2% and 3% in 2018, exceeding 80,400 million euros, after achieving record results in 2017 and despite economic and… Continue reading Bosch expects to invoice up to 3% more in 2018, exceeding 80,400 million