FILE PHOTO: The Peugeot logo is pictured on the new Peugeot 508 before a news conference of PSA Group to announce the company’s 2017 annual results at their headquarters in Rueil-Malmaison, near Paris, France, March 1, 2018. REUTERS/Benoit Tessier/File Photo PARIS (Reuters) – French carmaker PSA Group (PEUP.PA) delivered a sharp increase in first-half profit,… Continue reading PSA Group profit jumps on pricing, Opel synergies
Category: Automotive
Daimler reports second-quarter 2019 results
STUTTGART, Germany, July 24, 2019 /PRNewswire/ — Revenue up 5% to €42.7 billion (Q2 2018: €40.8 billion) Group EBIT of minus €1.6 billion (Q2 2018: plus €2.6 billion) Net loss of €1.2 billion (Q2 2018: net profit of €1.8 billion) Portfolio review and efficiency programs intensified Significant improvement of EBIT and free cash flow in… Continue reading Daimler reports second-quarter 2019 results
Uber Freight launches in Germany, faces local competition
FRANKFURT (Reuters) – U.S. ride-hailing company Uber (UBER.N) is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe’s $500 billion trucking market. FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York… Continue reading Uber Freight launches in Germany, faces local competition
Alibaba, Tencent-backed ride-hailing app T3 Chuxing goes live in China
A new competitor in the ride-hailing market has emerged to challenge the pole position held by long-time player Didi Chuxing – T3 Chuxing. T3 Chuxing was unveiled by its operator Nanjing Lingxing Technology Company Limited in Nanjing on Monday, according to a statement by the startup. Its mobile app went online on July 17 and… Continue reading Alibaba, Tencent-backed ride-hailing app T3 Chuxing goes live in China
Six VW Electric Models To Be Produced In Zwickau: 330,000 Annually
Volkswagen Zwickau will be one of the biggest electric car plants in the world. Volkswagen Group, since the summer of 2018 on, has been busy with the modernization of the production lines in Zwickau plant in Germany, which is set to become a massive all-electric car factory. The German manufacturer says that through an investment… Continue reading Six VW Electric Models To Be Produced In Zwickau: 330,000 Annually
Tesla Goes Patent Crazy With Huge Casting Machine For Model Y
Will we ever see such a tool working to create entire car frames? After the presentation of the Model 3, it seems the Model Y did not get that much love from the audience. But it surely got it from Tesla. The compact SUV may be the first Tesla product to have not only a… Continue reading Tesla Goes Patent Crazy With Huge Casting Machine For Model Y
Xpeng G3 In Now The Safest Plug-In In China According to C-NCAP
But since the rules are new, we need to give others time to adjust safety packages. Xpeng Motors is boasting that its all-electric Xpeng G3 scored the highest result of 92.2% in Chinese C-NCAP safety test, reportedly 8.6% above the next electric car. The 5-star result with the high percentage rating is heavily related to the… Continue reading Xpeng G3 In Now The Safest Plug-In In China According to C-NCAP
Ford demonstrates all-electric F-150’s power with video of vehicle towing more than 1M pounds
Ford showed off the upcoming all-electric F-150 by demonstrating the pickup truck’s power with a video of the vehicle towing more than one million pounds.The automaker released the video of the truck Tuesday.The prototype then towed the rail cars but this time 42 2019 F-150s were added, pushing the weight up to more than one million pounds.
Daimler and Bosch obtain approval for world’s first SAE level 4 driverless valet parking
BERLIN, July 23 (Xinhua) — Carmaker Daimler and Germany's largest automotive supplier Bosch have obtained the official approval for an automated valet parking system in the Mercedes-Benz museum parking garage in the city of Stuttgart, the two companies announced on Tuesday.
The project was supervised by experts of the technical inspection association TUEV Rheinland and would be the world's first fully automated driverless parking function according to SAE Level 4 “to be officially approved for everyday use”, Daimler and Bosch stated.
Autonomous driving according to SAE level 4 enables a car to drive without a driver in a geographically defined area such as the parking garage in the pilot project of Bosch and Daimler.
“Driverless driving and parking are important building blocks for tomorrow's mobility,” said Markus Heyn, chief executive officer (CEO) of Bosch.
For the pilot project, Bosch is providing the infrastructure and sensors installed into the parking garage whil..
Powerful Elegance: the Audi Q3 Sportback
* Information on fuel consumption and CO2 emissions as well as efficiency classes in ranges depending on the tires and alloy wheel rims used Low roofline, muscular body: the design The Audi Q3 Sportback stands for strength and precision to an equal degree, and reflects this in all design details. The black grille of the octagonal Singleframe is… Continue reading Powerful Elegance: the Audi Q3 Sportback