Revenue of €30.2 billion (Q2 2019: €42.7 billion) Positive industrial free cash flow of €685 million (Q2 2019: minus €1,302 million) Industrial net liquidity of €9.5 billion (end of Q1 2020: €9.3 billion) Adjusted EBIT of minus €708 million (Q2 2019: plus €2,447 million) Group net loss of €1,906 million (Q2 2019: net loss of… Continue reading @Daimler: Daimler reports second-quarter 2020 results
Tag: Strategy
Lotus to open advanced tech centre at Warwick University
British sports car firm Lotus will establish a new advanced technology centre in partnership on the campus of the University of Warwick, with the facility playing a key role in the development of future electric powertrains. The new facility will be built on the University of Warwick’s Wellesbourne campus and will include offices, workshops and laboratory space. As… Continue reading Lotus to open advanced tech centre at Warwick University
@Geely: Thu 23 Jul 2020Lotus to establish new advanced technology centre at University of Warwick’s Wellesbourne Campus Read more
• Lotus Cars will establish a new advanced technology centre in Wellesbourne, UK • Lotus Engineering – the consultancy division of Group Lotus – will also base its HQ at the new site • The facility represents a new partnership between Lotus and WMG (formerly Warwick Manufacturing Group) at the University of Warwick • … Continue reading @Geely: Thu 23 Jul 2020Lotus to establish new advanced technology centre at University of Warwick’s Wellesbourne Campus Read more
@VW Group: Industry 4.0: ŠKODA AUTO Vrchlabí plant has made use of ‘Digital twin’
Christian Bleiel, Head of Component Production at ŠKODA AUTO, said, “Without Industry 4.0 technologies, we would not have been able to install the new robot workstation at the Vrchlabí site in this way. Due to a lack of space, it would not have been possible to set up the new unit next to the existing… Continue reading @VW Group: Industry 4.0: ŠKODA AUTO Vrchlabí plant has made use of ‘Digital twin’
@Toyota: Toyota delivers its three millionth hybrid electric vehicle sold in Europe
New Corolla GR Sport handed over to customer in Madrid was the three millionth hybrid car sold by Toyota Motor Europe (TME) Full hybrid Hatchback and Touring Sports versions of Corolla, the world’s best-selling Toyota model, are manufactured in the UK Wide range of full hybrid Toyota and Lexus vehicles deliver sales success as well… Continue reading @Toyota: Toyota delivers its three millionth hybrid electric vehicle sold in Europe
Mitsubishi Motors to close SUV plant in Japan by 2023 to cut capacity
TOKYO — Mitsubishi Motors has started making the final arrangements for the closure of a car plant of subsidiary Pajero Manufacturing within three years, sources familiar with the matter said on Wednesday, Nikkei has learned. The Pajero Manufacturing plant, which is based in the Gifu Prefecture town of Sakahogi, has produced cars such as the Pajero… Continue reading Mitsubishi Motors to close SUV plant in Japan by 2023 to cut capacity
@Daimler: Organisational unit pushes transformation: Mercedes-Benz AG creates a new unit for its drive system competences:
Stuttgart. With its broad portfolio of attractive premium vehicles, Mercedes-Benz has always also stood for innovation, especially in the field of drive systems. The research, development and production of these drive systems are core competencies of Mercedes-Benz AG. In the course of the transformation towards CO2-neutral mobility and digitalisation, the company is now taking another… Continue reading @Daimler: Organisational unit pushes transformation: Mercedes-Benz AG creates a new unit for its drive system competences:
Roundtrip Raises $4M in Strategic Funding
Roundtrip, a Philadelphia, PA-based digital transportation marketplace for health outcomes, completed a $4m funding round. This brought the total amount of financing raised to date to $10.5m. The round was led by Motley Fool Ventures with participation from ZOLL® Medical Corporation, UH Ventures, and Grays Ferry Capital, which joined Johns Hopkins University and Ben Franklin… Continue reading Roundtrip Raises $4M in Strategic Funding
Tesla brings back pop-up store concept inside a trailer
Tesla brought back its deployable mobile pop-up store concept as it is expanding into central Europe, a new market for the automaker. Before Tesla started to expand its retail presence with brick and mortar stores, the automaker came up with a strategy to deploy mobile “pop-up” stores. Electrek reported on the concept back in 2015… Continue reading Tesla brings back pop-up store concept inside a trailer
FCA and Waymo expand autonomous driving tech partnership to LCVs
L4 Waymo Driver technology is to be integrated into FCA’s Ram ProMaster LCV for goods movement. FCA and Waymo announced that they have taken the next significant steps in the expansion of their successful autonomous driving technology partnership. Waymo will now work exclusively with FCA as its preferred partner for the development and testing of… Continue reading FCA and Waymo expand autonomous driving tech partnership to LCVs