• Reported Earnings per Share of $1.89, Up 11%; Excluding Separation Costs, EPS of $1.95, Up 14%• Reported Sales Up 9%; Organic Sales Up 5% Driven by Aerospace, Intelligrated, and Process Solutions• Operating Cash Flow of $1.1 Billion and Free Cash Flow1 (Excl. Separation Costs) of $1.0 Billion, Up 30%• Deployed Nearly $950 Million in Capital… Continue reading Honeywell Delivers Outstanding First-Quarter Results Driven By Strong Sales Performance Raises 2018 Guidance
Category: Automotive
Dyson Abandons Sakti3 Solid-State Battery Patents
47 M BY DOMENICK YONEY Well, this sucks. Dyson — the world-famous purveyor of non-traditional-looking vacuum cleaners, hair and hand dryers, and other assorted household items — has been investing vast amounts of money to develop a line of electric vehicles that were supposed to find their way to showrooms by 2020. Well, that automotive ambition may… Continue reading Dyson Abandons Sakti3 Solid-State Battery Patents
Start-up for electric cars: Ex-Opel boss Neumann goes to California
Karl-Thomas Neumann After the sale to Peugeot Opel boss Karl-Thomas Neumann has left his post. Now he apparently has found a new job: Neumann moves to California to a start-up for electric cars, as the “Frankfurter Allgemeine Sonntagszeitung” reports. Accordingly, Neumann joins Evelozcity, which was founded by Stefan Krause, the former CFO of BMW and… Continue reading Start-up for electric cars: Ex-Opel boss Neumann goes to California
How Renault has climbed the slope in Russia
Carlos Ghosn has no doubt: Russia will be his “cash machine”. Audacious, the bet has almost failed to weaken the boss of Renault and the accounts of the manufacturer. “When I came here two years ago, it was extremely difficult,” recalls Nicolas Maure, the French sent in 2016 by the Parisian management with the approval… Continue reading How Renault has climbed the slope in Russia
PSA Group demanded 3,700 job cuts in Germany: Opel works council chief
Opel, which PSA bought from General Motors for $2.6 billion, has made losses for almost 20 years, and Tavares has been frustrated in his bid to cut high production costs. FRANKFURT: PSA Group has demanded 3,700 staff cuts by 2020 in Germany and a process of buyouts and early retirement has already resulted in a… Continue reading PSA Group demanded 3,700 job cuts in Germany: Opel works council chief
Buying a SEAT in five clicks
SEAT and Harald A. Moller amongst first movers in challenging today’s automotive distribution and business model
Insight: Waymo – Google’s self-driving division
The boss of the most powerful self-driving car technology company in the world has a Porsche 911 GT3 on order. And a Caterham in his garage. And two more Porsche 911s nestling alongside that: a 997-series C2 S and a 964-series Targa. Easy natured and always the evangelist, John Krafcik – CEO of Waymo, part… Continue reading Insight: Waymo – Google’s self-driving division
China-Backed SF Motors Debuts Electric SUVs As Rival Tesla Hits Rocky Patch
SF Motors will start taking orders for its SF5 SUV in late 2018, with initial deliveries to begin in 2019. Detailed pricing isn’t yet available. Surely it’s a coincidence that Silicon Valley-based Chinese EV maker SF Motors chose to unveil two elegant battery-powered crossovers just as Elon Musk tries to stem Tesla’s plunging stock price.… Continue reading China-Backed SF Motors Debuts Electric SUVs As Rival Tesla Hits Rocky Patch
GM Korea talks to stave off bankruptcy extended to Monday
Rep. Hong Young-pyo from the ruling Democratic Party and GM Executive Vice President Barry Engle shake hands prior to their talks on how to resuscitate the ailing carmaker GM Korea at a restaurant in Seoul, South Korea, April 17, 2018. (Photo: YONHAP/EPA-EFE/REX/Shutterstock) General Motors has agreed to give negotiators a few more days as they try to… Continue reading GM Korea talks to stave off bankruptcy extended to Monday
Audi E-tron SUV to charge faster than Tesla Supercharger network
E-tron was shown to the press at a Siemens heavy-duty electrical engineering test centre in Berlin. Battery cooling happens via aluminium extrusions Charging at home or mainstream-roadside will be AC and rated at 11kW. Audi will build the E-Tron in Brussels. The production version will be powered by a two-motor powertrain. The E-tron will be… Continue reading Audi E-tron SUV to charge faster than Tesla Supercharger network