VW warns of headwinds, to redouble efforts to meet targets

The Volkswagen show floor is seen under setup at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blinch FRANKFURT (Reuters) – Volkswagen warned investors about a tough year ahead as the 12-brand car and truck making group posted disappointing preliminary full-year results on Friday. “The headwinds in key markets are expected… Continue reading VW warns of headwinds, to redouble efforts to meet targets

Waddle for VW

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New partnership: Mytaxi becomes Free now – Daimler and BMW combine their mobility services

BMW boss Harald Krüger (left) and Daimler CEO Dieter Zetsche In a former subway tunnel under Potsdamer Platz in Berlin, two long-time rivals became partners on Friday. (Photo: AP) Berlin have been more than a hundred years Daimler and BMW bitter rivals. There were times when people in Stuttgart only mockingly talked about Munich and… Continue reading New partnership: Mytaxi becomes Free now – Daimler and BMW combine their mobility services

VW, BMW, Daimler: The random drive of the German auto industry

On the brake The German auto industry is currently fighting against world politics – and against itself. “E-tron partner” stands on a sign on the front door of the AudiCar house in the Rhineland. You can not see the “e-tron” here. “At the earliest from mid-March we will get such a car,” says the Audi-Seller.… Continue reading VW, BMW, Daimler: The random drive of the German auto industry

PEUGEOT CYCLES reveals its new e-bike racing team

PEUGEOT Cycles is entering the electric race. The PEUGEOT riders, bikes and sponsors were revealed on 22 February at the PEUGEOT DESIGN LAB Studio in Vélizy (France). PEUGEOT CYCLES are taking part in the 2019 World E-Bike Series (WES), international electric mountain-bike racing series. This event will be a showcase for PEUGEOT’s range of high… Continue reading PEUGEOT CYCLES reveals its new e-bike racing team

BMW and Daimler invest €1bn in tech venture

BMW and Daimler have unveiled a joint venture to invest in new-generation services such as driverless vehicles, ride-hailing and parking services. The German firms are investing €1bn (£880m) in the project, which will also look into pay-per-use car schemes. The move comes as traditional manufacturers face competition from mobility services provided by Uber and other… Continue reading BMW and Daimler invest €1bn in tech venture

A new Zetsche at the Daimler sky

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Valmet: ACQUISITION OF OWN SHARES 21.02.2019

Valmet: ACQUISITION OF OWN SHARES 21.02.2019 Valmet Oyj NOTIFICATION 21.02.2019 at 18:30 VALMET Oyj: ACQUISITION OF OWN SHARES 21.02.2019 Date 21.02.2019   Exchange transaction Buy   Share class VALMT   Amount 19,600   Average price/share 21.3894 EUR Highest price/share 21.4600 EUR Lowest price/share 21.3200 EUR Total price 419,232.24 EUR       The shares held… Continue reading Valmet: ACQUISITION OF OWN SHARES 21.02.2019

Press Releases – New vehicle safety rules: auto industry reacts to European Parliament vote

Brussels, 22 February 2019 – The European Automobile Manufacturers’ Association (ACEA) takes note of the European Parliament’s vote on the revision of the General Safety Regulation, which mandates the safety technologies to be included as standard in new vehicle types. Yesterday’s vote by the lead Internal Market and Consumer Protection (IMCO) Committee marks an important… Continue reading Press Releases – New vehicle safety rules: auto industry reacts to European Parliament vote

ZF Tells Workshops Develop Unique Position Now to Meet Demands of Next Generation Aftermarket

“Increasing technology and purchasing power driven by online sales mean that the global customer expects its demands to be met 24/7. Anything less is no longer acceptable and you will lose business. If the customer doesn’t get what they want, when they want it, in the right way and at the right price – they… Continue reading ZF Tells Workshops Develop Unique Position Now to Meet Demands of Next Generation Aftermarket