UPDATE 2-Tesla says single battery module caused car fire in Shanghai, has changed vehicle settings

BEIJING/TOKYO (Reuters) – Electric vehicle (EV) maker Tesla Inc (TSLA.O) said on Friday a single battery module caused a car to catch fire in Shanghai and it had revised its vehicle settings to further protect its batteries following an investigation into the incident. FILE PHOTO – A Tesla logo is seen on a wheel rim… Continue reading UPDATE 2-Tesla says single battery module caused car fire in Shanghai, has changed vehicle settings

PSA boss Tavares is planning the next blow: what Europe’s toughest car manager is up to now

Carlos Tavares, 60, sits on a podium at the corporate headquarters in Rueil-Malmaison, France, 14 kilometers west of the center of Paris, playing with his wedding ring. It is Thursday, April 25, the French auto maker PSA has invited the shareholders to the Annual General Meeting. Messages for the future flit across flat screens: “Ready… Continue reading PSA boss Tavares is planning the next blow: what Europe’s toughest car manager is up to now

Speech of the BMW major shareholder: Susanne Klatten on entrepreneurs: “Goals of the Social Needy”

Every year, the manager magazin takes people to the Hall of Fame the German economy, which has earned outstanding services to the land and society. This year they were next to the longtime IG Metall boss Berthold Huber the two entrepreneurs (and siblings) Susanne Klatten and Stefan Quandt. The award ceremony at the end of… Continue reading Speech of the BMW major shareholder: Susanne Klatten on entrepreneurs: “Goals of the Social Needy”

IPO in the second attempt: VW subsidiary Traton disappointed in IPO

Volkswagen Traton consists of the VW subsidiaries MAN and Scania and the Brazilian commercial vehicle subsidiary Did Andreas Renschler want too much? Instead of the initially expected six billion euros in proceeds from the issue, Traton’s IPO plays just over a quarter of it in the fund. Volkswagen’s truck and bus business is considered a… Continue reading IPO in the second attempt: VW subsidiary Traton disappointed in IPO

Plus and minus in Ruesselsheim

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Investment in change | AlixPartners analysis

The analysis and consulting firm AlixPartners sees high investments in the auto industry. The fat years are over, that’s how you could put it. Because the car industry has the long jump in the change dare and that comes at a cost. At the consulting firm AlixPartners speaks of the “profit desert”, because you currently… Continue reading Investment in change | AlixPartners analysis

Macron rules out changing French stake in Renault-Nissan

FRENCH President Emmanuel Macron said “nothing justifies” changing the cross-shareholding structure between Renault SA and Nissan Motor Co, underscoring the difficulty the Japanese carmaker has had in its efforts to reduce its partner’s influence over their global car alliance.The French state is Renault’s most powerful shareholder and its presence on the board has long created friction with Nissan.Renault chairman Jean-Dominique Senard, who is travelling with Mr Macron, has pushed for a merger with Nissan.

Due to fire hazard: Nio recalls electric SUV ES 8

Because of incorrectly mounted batteries must they electric cars of the Chinese manufacturer Nio in the workshop. Affected is more than a quarter of the previously built cars of the type ES8. June 28, 2019, 10:51 am, Werner Pluta Electric car Nio ES8: Nio builds battery replacement stations. (Image: Navigator84 / Wikipedia/CC-BY-SA 4.0) Uncertain battery:… Continue reading Due to fire hazard: Nio recalls electric SUV ES 8

With Traton, Volkswagen sends its trucks on the stock market

Volkswagen’s trucks and buses hit the stock market. Traton, the truck branch of the manufacturer, which includes the brands MAN and Scania, makes its introduction this Friday in Frankfurt and Stockholm. But it does not arrive on the hats of wheels: at 27 euros the action, the price is in the low range Volkswagen plans,… Continue reading With Traton, Volkswagen sends its trucks on the stock market