All articles and backgrounds 04/16/2018 Li Shufu’s major shareholder Geely wants to push Daimler into alliance AP / Song fan – Imaginechina Is convinced of the value of further cooperation: Geely-chef and Daimler major shareholders Li Shufu One can not say that Dieter Zetsche had just received his new major shareholder Geely with open arms.… Continue reading Li Shufu: Major shareholder Geely wants to push Daimler into alliance
Category: Automotive
Top Automotive Industry News for Week of April 9 – April 15, 2018
Here is the most important news associated with the automotive industry identified by the SEA for the week April 8, 2018 – April 15, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- Audi brand to be excluded from VW sportscar brand overhaul: source… Continue reading Top Automotive Industry News for Week of April 9 – April 15, 2018
Renault-Nissan’s Ghosnian Knot
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Ford’s self-driving car network will launch ‘at scale’ in 2021
Ford Ford hasn’t been shy about its plans for a self-driving car network in 2021, including its hopes of fielding a purpose-built vehicle that year. However, there have been questions about the size — will this be like the services we’ve seen so far, where one city gets a limited taste of the autonomous future?… Continue reading Ford’s self-driving car network will launch ‘at scale’ in 2021
Herbert Diess: VW boss should also be supreme Audi controller
All articles and backgrounds 04/15/2018 Herbert Diess VW boss should also be the top Audi controller DPA “I like a lot of work”: Herbert Diess The new Volkswagen CEO Herbert Diess is equipped with great power. Now he should also be supreme overseer at Audi. Some warn already before this office accumulation. In addition, a… Continue reading Herbert Diess: VW boss should also be supreme Audi controller
General Motors firing 1500 workers undermines Trump’s boasts on auto jobs
The job cuts fly in the face of Trump’s repeated claims that he’s spurring a renaissance in US auto factory jobs General Motors Co. will fire as many as 1,500 workers at the end of June at the Ohio factory building the Chevrolet Cruze compact car, undercutting President Donald Trump’s bombast about bringing back auto… Continue reading General Motors firing 1500 workers undermines Trump’s boasts on auto jobs
Fiat CEO Marchionne on Leadership Changes, Profit Margins, Dividends
April 13th, 2018, 4:04 PM UTC Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles N.V., discusses leadership changes in the auto industry, North American profit margins, and rewarding shareholders. He speaks with Bloomberg’s Tommaso Ebhardt in Amsterdam. (Source: Bloomberg) Go to Source
LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year
6 M BY MARK KANE LG Chem announced two joint ventures with China’s Zhejiang Huayou Cobalt to supply battery material for hundreds of thousands of electric cars annually. Cobalt (source: Wikipedia) Zhejiang Huayou Cobalt is the world’s largest producer of refined cobalt (20,000 tons in 2017) and LG Chem needs a lot of cobalt these… Continue reading LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year
VW CEO concerned Russia-US sanctions row could hit partner GAZ
“Possible sanctions are naturally a concern,” Diess said. FRANKFURT: Volkswagen is concerned that a row between the United States and Russia over new sanctions imposed by the United States could hit business with its Russian partner GAZ Group, Chief Executive Herbert Diess said on Friday. “Possible sanctions are naturally a concern,” Diess said on Friday.… Continue reading VW CEO concerned Russia-US sanctions row could hit partner GAZ
Board restructuring in the VW Group: The steep rise of Porsche CEO Oliver Blume
Oliver Blume at the Geneva Motor Show The Porsche boss makes the return pearl of the VW Group shine even brighter. (Photo: AP) It was a sign of appreciation: applauded in January Wolfgang Porsche, as Oliver flower in his speech at the beginning of the 70-year-old PorscheAnniversary on the top floor of the company museum… Continue reading Board restructuring in the VW Group: The steep rise of Porsche CEO Oliver Blume