Category: Automotive

Car2Go Ends Service in 5 Cities

Austin, Denver, Calgary, and Portland will end service Oct. 31at midnight; Chicago’s service will end Dec. 31 at midnight. Photo via Car2go. Carsharing group Car2go will be ending its service in Austin, Denver, Portland, Chicago, and Calgary, Alberta, within the coming months, according to Freight Waves. In an email informing Portland members of the closure,… Continue reading Car2Go Ends Service in 5 Cities

Nissan to maintain Korean operations despite headwinds

Nissan Motor said Monday it will continue its operations in South Korea amid trade tensions between the two Asian neighbors, despite headwinds like a boycott of Japanese products.The Japanese carmaker’s commitment to South Korea follows market rumors that it will pull out of the market here as its sales have been hit hard by the escalating trade tensions between Seoul and Tokyo.In the January-August period, Nissan Korea sold 3,581 vehicles under the Nissan and Infiniti brands, down 27 percent from the 4,886 units it sold in the same period a year earlier. More sourcesNissan to maintain S. Korean operations despite headwinds (Yonhap News Agency: Sep 29, 2019 at 5:54 PM)

Volkswagen rejects judge’s call to settle German class action on emissions

BRUNSWICK, Germany (Reuters) – Volkswagen (VOWG_p.DE) on Monday rejected a German judge’s call to settle a customer class action lawsuit over its rigging of diesel emissions tests, saying there was no case to answer. VW admitted using illegal software to cheat U.S. diesel engine tests in 2015, a scandal which has cost it more than… Continue reading Volkswagen rejects judge’s call to settle German class action on emissions

Audi Hungaria: Alfons Dintner to become new CEO as of October 1

Alfons Dintner will take over as Chairman of the Board of Management of Audi Hungaria on October 1. He succeeds Achim Heinfling, who will take over as Plant Manager at the Audi headquarters in Ingolstadt. Alfons Dintner is moving to Győr from Ingolstadt, where he was responsible for managing the Pre-Series Center of AUDI AG.… Continue reading Audi Hungaria: Alfons Dintner to become new CEO as of October 1

2019 Half year results

Texte in €m H1 2018 H1 2019* Change Sales At constant currencies and excluding Clarion 8,991 8,972 -0.2% -2.8% Operating income 647 645 -0.4% as % of sales 7.2% 7.2% stable Net cash flow 247 257 +3.9% Net income, Group share 342 346 +1.0% *First application of IFRS16 as of January 1, 2019 (impacts detailed… Continue reading 2019 Half year results

Appointment of Mathias Miedreich as Executive Vice-President of Clean Mobility

Chapô Faurecia, one of the world leading automotive technology companies, today announces the appointment of Mathias Miedreich as Faurecia Clean Mobility Executive Vice President. Previously Deputy Executive Vice President of this Business Group, Mathias Miedreich succeeds Christophe Schmitt who is appointed Group Operations Executive Vice President. Christophe Schmitt replaces Hagen Wiesner, who is appointed Cockpit… Continue reading Appointment of Mathias Miedreich as Executive Vice-President of Clean Mobility

Volkswagen: Germany’s first mass lawsuit begins

Germany’s first mass lawsuit begins as 450,000 owners of diesel Volkswagen cars take on the company. They argue they are owed compensation for being sold cars based on misleading emissions data. The scandal has already cost VW €30bn (£26.6bn). It has faced class action claims in the US and Australia, but this is the first… Continue reading Volkswagen: Germany’s first mass lawsuit begins