REUTERS Volkswagen takes over MAN’s transmission and marine diesel divisions The Munich-based truck manufacturer MAN is giving its traditional transmission and marine diesel lines for about two billion euros to the parent company Volkswagen Show stock market chart from. The spin-off of Augsburg-based Renk AG and generator manufacturer MAN Energy Solutions from the commercial vehicle… Continue reading MAN becomes a pure truck manufacturer: VW pays two billion euros for MAN divisions
Category: Automotive
Chinese EV startup Faraday gets nod to raise up to $500m post arbitration
October 26, 2018 Chinese electric vehicle firm Faraday Future can seek financing from sources other than Evergrande Health, according to an interim ruling by a Hong Kong arbitration court in a dispute between the startup and its main investor. The ruling, however, caps the amount of financing at $500 million and stipulates that any fresh… Continue reading Chinese EV startup Faraday gets nod to raise up to $500m post arbitration
Autoliv spinoff Veoneer delays sales, margin goals as auto gloom spreads
Jan Carlson: “We see some delays in the start of production and slower ramp-ups of certain customer models along with some slight delays in expected business.” Esha Vaish and Johannes HellstromReutersOctober 25, 2018 20:40 CET STOCKHOLM — Swedish supplier Veoneer pushed back its sales and margin targets on Thursday, blaming production delays at customers struggling… Continue reading Autoliv spinoff Veoneer delays sales, margin goals as auto gloom spreads
Dispute about diesel retrofitting: VW boss Diess calls for a more factual debate
VW boss Herbert Diess “Still, I find the discussion we are conducting now too emotional.” (Photo: AP) Berlin Im Controversy over possible diesel driving bans because of too dirty air in German cities has VW-Konzernchef Herbert Diess a criticized too emotional discussion. “We already see responsibility for us, especially at Volkswagen,” he said on Thursday… Continue reading Dispute about diesel retrofitting: VW boss Diess calls for a more factual debate
Elon Musk: Tesla’s Model 3 for $ 35,000 currently impossible
Tesla boss Elon Musk has admitted that starting at $ 35,000 base model of the electric cars Model 3 still can not deliver. October 26, 2018, 7:59 am, Andreas Donath Model 3 (Photo: Tesla) Company boss Elon Musk has affirmedthat Tesla can not deliver the basic version of the electric car Model 3 for $… Continue reading Elon Musk: Tesla’s Model 3 for $ 35,000 currently impossible
US Department of Transportation: It needs better readings
To boost confidence in safety, the US Department of Transportation believes it would need better readings. In the US, they are planning new ones Guidelines for autonomous driving and you want Vehicles without steering wheel allow. One sets especially on the voluntary the industry. But since then fatal accident in March This year, when an… Continue reading US Department of Transportation: It needs better readings
China’s NIO invests in LiDAR startup Innovusion
Innovusion, a two-year-old startup developing LiDAR sensor technology for autonomous vehicles, has raised $30 million in a Series A funding round co-led by Chinese firms Nio Capital and Eight Roads Ventures along with U.S.-based F-Prime Capital. Other seed round and strategic investors joined the round, the startup said. Nio Capital is the venture arm of… Continue reading China’s NIO invests in LiDAR startup Innovusion
General Motors Calls for National Zero Emissions Vehicle (NZEV) Program
General Motors Calls for National Zero Emissions Vehicle (NZEV) Program NZEV program could add more than 7 million electric vehicles on the road by 2030 2018-10-26 Background: On Oct. 26, 2018, General Motors will file comments to the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule for Model Years 2021-2026 Passenger Cars and Light Trucks. In its… Continue reading General Motors Calls for National Zero Emissions Vehicle (NZEV) Program
GM proposes national zero-emission car program
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Volvo Cars reports third quarter and first nine months 2018 results
Volvo Cars reports third quarter and first nine months 2018 results CEO Håkan Samuelsson: Volvo Cars’ growth remained strong in the third quarter with a 14 per cent increase in retail sales and an 18 per cent revenue increase. Compared to last year, the profitability was influenced by product launch costs, higher tariffs… Continue reading Volvo Cars reports third quarter and first nine months 2018 results