The Volkswagen brand strengthened the Group’s economic efficiency sustainably lastingly in the first quarter of 2022. In the first three months, the operating profit before special items increased to EUR 513 million (Q1 2021: EUR 490 million). Sales revenue came in at just under EUR 15 billion (Q1 2021: EUR 17.6 billion) due to an… Continue reading @VW Group: Volkswagen improves cost efficiency and economic efficiency in a tough environment004997
Category: Automotive
German FAZ: Bosch complains about car manufacturers003229
The world’s largest auto parts supplier is following up on the conflict with automakers. Bosch will have to pass on the “significantly increased raw material, semiconductor and logistics costs to its customers,” said Markus Heyn, head of the auto division, on Wednesday. The price for flat and round steel has tripled since 2020, said CFO… Continue reading German FAZ: Bosch complains about car manufacturers003229
@Fisker: Fisker Inc. Announces First Quarter 2022 Financial Results000077
LOS ANGELES–(BUSINESS WIRE)– #EVs–Fisker Inc. (NYSE: FSR) (“Fisker”) — passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions — today announced its financial results for the first quarter ended March 31, 2022. “We continued to make rapid progress in Q1 toward on-schedule Fisker Ocean start of production on November 17, 2022.… Continue reading @Fisker: Fisker Inc. Announces First Quarter 2022 Financial Results000077
ATLIS MOTOR VEHICLES TO LIST ON NASDAQ
MESA, Ariz., May 4, 2022 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a mobility technology company, announced plans to submit an S-1 format Form 1-A and Nasdaq Global Market application in anticipation of a public listing on the stock market. The ticker symbol “AMV” has been reserved by ATLIS on Nasdaq. Upon public listing, anticipated to… Continue reading ATLIS MOTOR VEHICLES TO LIST ON NASDAQ
SWTCH Energy raises $13 million for multi-family EV charging solutions
Toronto-based SWTCH Energy has secured $13 million in new financing to expand its EV charging solutions to multi-family buildings across North America, with an emphasis on serving low-to-moderate-income (LMI) communities. SWTCH provides EV charging and energy management solutions that address the challenges of EV ownership in multi-family buildings. SWTCH’s charging-as-a-service model is designed to reduce… Continue reading SWTCH Energy raises $13 million for multi-family EV charging solutions
Eviny installs new 360 kW ABB chargers in Norway
Eviny, a Norwegian provider of charging and other e-mobility services, has deployed ABB’s new Terra 360 charging station at the Oasen Shopping Center in Bergen and in the ski resort of Geilo. The pilot installations, which will be followed by a more widespread rollout across Norway and Sweden, are meant to demonstrate the performance of… Continue reading Eviny installs new 360 kW ABB chargers in Norway
Adani Green Energy posts INR 488 crore net profit in FY22
During the fiscal, AGEL’s total income rose to INR 5,548 crore from INR 3,521 crore in FY 2021. AHMEDABAD: Adani Green Energy Limited (AGEL) on Wednesday posted a consolidated net profit of INR 488 crore in the financial year 2021-22, the company said in its regulatory filing. With this, AGEL’s profit rose 177% as compared… Continue reading Adani Green Energy posts INR 488 crore net profit in FY22
Didi faces probe in US over $4.4b IPO
Didi said it was cooperating with the investigation but it cannot predict its “timing, outcome, or consequences,” reported the South China Morning Post. Go to Source
ACI: yet another slowdown in April for the second-hand market, car radiations in heavy decline
ACI: yet another slowdown in April for the second-hand market, car radiations in heavy decline 04.05.2022 A negative sign also in April for the second-hand market, which is struggling to show signs of recovery in both the four-wheeler and motorcycle sectors. The transfer of ownership of the cars net of mini-transfers (temporary transfers in the… Continue reading ACI: yet another slowdown in April for the second-hand market, car radiations in heavy decline
Decreased demand for the turning assistant support program
In Berlin, the subsidy pot for truck turning systems is not yet empty, but the demand for them is falling. Former Minister of Transport Andreas Scheuer (CSU) had one after fatal accidents between trucks and bicycles subsidy pot set up to install more accident-avoiding systems in trucks. But the funding pot was empty within a… Continue reading Decreased demand for the turning assistant support program