Category: OEMs

Volkswagen brand steps up pace of transformation

2019 is key year: electric offensive set for launch, significant efficiency increases planned Earnings improvement program to make sustained €5.9 billion contribution from 2023 Investment from 2019 to 2023 rises to €19 billion €4.6 billion investment to implement digitalization roadmap for administration Outlook 2019: growth in sales revenue of up to 5 percent – corridor of… Continue reading Volkswagen brand steps up pace of transformation

VW delivers fewer vehicles but gains market shares

In February, the Volkswagen brand delivered 398,100 vehicles throughout the world, 2.2 percent fewer than in February 2018. In an overall market which shrank even more strongly, Volkswagen was able to gain market shares throughout the world. The brand delivered more cars in Germany (+3.4 percent), Europe (+1.8 percent) and South America (+45.6 percent). Falls… Continue reading VW delivers fewer vehicles but gains market shares

Hyundai Mobis Accelerates Global Open Collaboration with Strategic Investment

SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) is accelerating for a full-scale collaboration with promising high-tech companies to become a global technology leader by reinforcing its competence in core technologies for future automotive vehicles. Hyundai Mobis announced on March 13 to push ahead equity investment to build a strategic partnership with China’s Deep Glint, which has… Continue reading Hyundai Mobis Accelerates Global Open Collaboration with Strategic Investment

Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe

Volkswagen Group CEO Herbert Diess said a no-deal Brexit might mean the automaker’s UK-based Bentley brand would need to plan new investments in other countries. Asked in an interview with German broadcaster n-tv whether VW would relocate Bentley production if there was a hard Brexit, Diess said that would not be possible on a larger… Continue reading Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe

Aston Martin boss Andy Palmer hits back at the doubters – BBC News

Media playback is unsupported on your device The boss of Aston Martin Lagonda has delivered a passionate defence of the company’s strategy amid signs some city investors are losing faith. Andy Palmer said the company will prove the sceptics wrong, as he stressed the luxury carmaker’s long-term plans and importance to UK manufacturing. Aston Martin’s… Continue reading Aston Martin boss Andy Palmer hits back at the doubters – BBC News

Porsche lays the foundations for continued growth in Leipzig

The comprehensive expansion project was launched this Tuesday in the presence of the Minister President of Saxony, Michael Kretschmer, the Lord Mayor of Leipzig, Burkhard Jung, Albrecht Reimold, Member of the Executive Board for Production and Logistics at Porsche AG, and Gerd Rupp, Chairman of the Executive Board at Porsche Leipzig GmbH. As part of… Continue reading Porsche lays the foundations for continued growth in Leipzig

Volkswagen Group brands deliver a solid performance

In fiscal year 2018, the Volkswagen Group again benefited from its broad positioning and the sustained solid performance both of its brands and its financial services. Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, explained: “2018 was a successful year for the Volkswagen Group. We performed very well in spite of… Continue reading Volkswagen Group brands deliver a solid performance

Volkswagen plans 22 million electric vehicles in ten years

The Volkswagen Group is forging ahead with the fundamental change of system in individual mobility and systematically aligning with electric drives. The Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned. As a result, the projected number of vehicles to be built… Continue reading Volkswagen plans 22 million electric vehicles in ten years

Mazda Motor Europe announces new President & CEO

Mazda Motor Europe (MME) has today announced that effective 1st April 2019, Yasuhiro Aoyama, currently Managing Executive Officer at Mazda Motor Corporation in Japan, will become President & CEO of MME succeeding Jeff Guyton, who will become President of Mazda North American Operations (MNAO) having led the European business since 2009. Announcing the changes, Akira… Continue reading Mazda Motor Europe announces new President & CEO