Technology and services supplier Bosch Group has reported total sales of 88.4 billion euros, up 12% over 2021. “The difficult 2022 business year once again demonstrated that Bosch is crisis-proof while possessing tremendous innovative strength,” said Dr Stefan Hartung, chairman of the board of management of Robert Bosch GmbH, at the presentation of the company’s preliminary… Continue reading Mobility business delivers highest sales growth for Bosch in 2022
Category: US Motoring Press
Schaeffler India appoints Sumithasri Eranti as its new chairperson
Automotive and industrial supplier Schaeffler India has appointed Ms. Sumithasri Eranti as the new Chairperson of the Board of Directors. Ms. Eranti, who has over 25 years of experience in business leadership, technology, consulting and the financial services industry, has been an independent director of Schaeffler India since 2020. She has held various roles in… Continue reading Schaeffler India appoints Sumithasri Eranti as its new chairperson
One platform, 80 million cars: How VW’s MQB reshaped the industry
Arona, Ateca, Ibiza, Leon*, Tarraco Skoda Fabia, Kamiq, Karoq, Kodiaq*, Kushaq, Octavia*, Scala, Slavia, Superb* Volkswagen Arteon, Atlas, Bora, Caddy*, CC*, Golf*, Golf SV, Gran Lavia, Jetta, Lamando, Lamando L, Lavida*, Magotan, Multivan, Nivus, Passat*, Polo, Polo Track, Sagitar, T-Cross*, T-Roc*, Tacqua, Taigo, Taigun, Talagon, Taos, Tavendor, Tayron*, Teramont, Tharu, Tiguan*, Tiguan Allspace, Touran, Viloran, Virtus… Continue reading One platform, 80 million cars: How VW’s MQB reshaped the industry
Citroen boss: Cars must get smaller, lighter – and more fun
The SUV could be on the verge of extinction as car makers focus more heavily on aerodynamic design cues in the hunt for range, according to Vincent Cobée, CEO of Citroën. Speaking candidly to Autocar, the French brand’s boss said designers are placing increasing emphasis on how slippery a car can be, with “anything which… Continue reading Citroen boss: Cars must get smaller, lighter – and more fun
Next Peugeot 508 to rival Tesla Model 3 as radical electric saloon
The Peugeot 508 is set to be reinvented for an electric-only third generation as the brand prepares to embark on its most drastic and wide-reaching shake-up in decades. From 2025, the French firm’s electric cars will switch from legacy PSA Group architecture to the new-era Stellantis STLA modular EV platforms that are being introduced to Peugeot… Continue reading Next Peugeot 508 to rival Tesla Model 3 as radical electric saloon
Nissan boss: UK ‘more challenging’ for car makers
The UK is becoming “more challenging” as an automotive manufacturing base as the industry shrinks and becomes less attractive to suppliers, according to the country’s largest car manufacturer, Nissan. The UK produced 775,014 cars in 2022, down 9.8% on 2021 and 41% down on pre-pandemic 2019, when more than 1.3 million cars were built, according to… Continue reading Nissan boss: UK ‘more challenging’ for car makers
Bugatti Chiron Profilée becomes most valuable new car ever auctioned
With the winning bid of 9,792,500 Euros net, the new owner of the Chiron Profilée has seized the opportunity to add this automotive solitaire, the very last Bugatti offered for sale from the Atelier in Molsheim with the legendary W16 powertrain, to their collection. The Bugatti Chiron Profilée, a one-of-a-kind piece of Bugatti history and the last W16-powered car… Continue reading Bugatti Chiron Profilée becomes most valuable new car ever auctioned
Canoo’s shares sink after EV maker agrees to sell $52 million in discounted stock
The Lifestyle Vehicle electric minivan from Canoo. Source: Canoo Shares of electric vehicle startup Canoo were sharply lower in early trading on Monday after the company said that it has agreed to sell discounted shares to raise $52.5 million. Canoo’s shares closed at $1.09 on Monday, down over 12%. The stock has lost more than… Continue reading Canoo’s shares sink after EV maker agrees to sell $52 million in discounted stock
Ford has 25% more engineers doing same work as rivals, CEO says
This content is only available to subscribers. Get unlimited digital access. $1 for 3 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Ford has 25% more engineers doing same work as rivals, CEO says
Volvo may move investments to U.S. if Europe’s green-tech push falls short
Volvo is joining a growing roster of manufacturers considering moving investments to the United States if Europe doesn’t bolster aid in response to President Joe Biden’s landmark green subsidy push. The Inflation Reduction Act, which promises roughly $370 billion in clean-energy subsidies, will strongly increase demand for emissions-free trucks in the United States, said Volvo… Continue reading Volvo may move investments to U.S. if Europe’s green-tech push falls short