Tag: Financial Results

Deep Dive Into Tesla’s Low Cost, Short-Range Model 3 Pack Design

What’s the story here and how much might this new battery pack really save Tesla? We’ve had lots of news in the last week. Tesla told us during their earnings conference call that they maintained 20% gross margins during the 3rd quarter. On the other hand, it also delayed production on the short range version… Continue reading Deep Dive Into Tesla’s Low Cost, Short-Range Model 3 Pack Design

The registrations of cars fall 6.6% in October and accumulate two months to the loss

Updated 02/11/2018 17:12:00 CET 413303.1.500.286.20181102104347 MADRID, Nov. 2 (EUROPA PRESS) – The registrations of cars and SUVs recorded a volume of 88,410 units during the month of October, which represents a decrease of 6.6% compared to the same month of the previous year, according to data from the manufacturers’ associations (Anfac), dealers (Faconauto) and sellers… Continue reading The registrations of cars fall 6.6% in October and accumulate two months to the loss

Baidu hits the gas on autonomous vehicles with Volvo and Ford deals

China’s search engine giant Baidu is continuing its partnership spree for Apollo, its open development platform for autonomous driving, after it inked a deal with Swedish automaker Volvo to develop level four self-driving passenger cars. “Autonomous driving has been our dream, but it’s coming true,” said Li Zhenyu, vice president and general manager of Baidu’s… Continue reading Baidu hits the gas on autonomous vehicles with Volvo and Ford deals

Plant opens for electric air conditioning compressors: MAHLE strengthens its systems competence in electric vehicles

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Plant opens for electric air conditioning compressors: MAHLE strengthens its systems competence in electric vehiclesStuttgart, October 31, 2018 – MAHLE has opened its first production plant for electric compressors. MAHLE will manufacture e-compressors for international automobile manufacturers at the production location in Balassagyarmat/Hungary and has already obtained several customer projects. Series production will start in 2019.
Presse releaseDownload [PDF; 43 KB] First MAHLE production line for e-compressorsElectric compressors remove the link between air conditioning systems and combustion enginesSeveral customer projects have already been wonCompressors are the heart of air conditioning systems—and the e-compressor will remove the link between air conditioning systems and combustion engines. Its role in the air conditioning of electric vehicles is therefore critical. “Electric compressors are of major strategic importance to MAHLE, because they enable us to build on our position as a complete systems provider in the field of air conditioning for electric vehicles too,” explains Dr. Jörg Stratmann, Chairman of the Management Board and CEO of the MAHLE Group. MAHLE also develops and produces the necessary electric drives as well as electronics and software.
The plant in Balassagyarmat will be particularly important when it comes to production rollout. “This location will help to further strengthen our existing market position,” adds Bernd Eckl, Member of the Management Board of the MAHLE Group and responsible for the Thermal Management business unit. At the same time, the opening of the production plant is a green light for the additional e-compressor production locations that will follow.
With the consistent implementation of its dual strategy—the further optimization of the internal combustion engine on the one hand and the simultaneous development of solutions for the widespread adoption of e-mobility on the other—MAHLE is instrumental in shaping the future of mobility as a key player in the automotive industry.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2017, the group generated sales of approximately EUR 12.8 billion with about 78,000 employees and is represented in more than 30 countries with 170 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, around 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
For further information, contact:MAHLE GmbH
Margarete Dinger
Corporate Communications/Public Relations
Pragstraße 26–46
70376 Stuttgart/Germany
Phone: +49 711 501-12369
margarete.dinger@mahle.com

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Uber and Lyft unveiled new subscription plans. But are they really worth the money?

On Tuesday, Uber rolled out Ride Pass, a subscription plan in which customers pay $14.99 monthly (or $24.99 in Los Angeles) to avoid surge pricing. The plan, which Uber is marketing as “an affordable option people can use for their everyday transportation needs,” is only available in Los Angeles, Austin, Orlando, Denver, and Miami for… Continue reading Uber and Lyft unveiled new subscription plans. But are they really worth the money?

AUDI AG after three quarters: key financials impacted by extraordinary factors

The third quarter of this year featured numerous adverse factors for the Audi Group: As expected, restrictions in the sales portfolio caused by the changeover to WLTP had an increasingly negative effect. At the same time, the densely packed program of phase-outs and ramp-ups in connection with the broadest model initiative in Audi’s history reached… Continue reading AUDI AG after three quarters: key financials impacted by extraordinary factors

JAGUAR LAND ROVER REPORTS SECOND QUARTER RESULTS FOR 2018/2019 FINANCIAL YEAR

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Mazda achieves record half-year global sales

Mazda Motor Corporation beat the previous year’s record for global vehicle sales in the first half of fiscal 2018-19, selling a total of 796,000 units around the world. With this performance, Mazda exceeded the record achieved last year by 1.7%. Demand for the company’s crossover models remained strong worldwide and the introduction of several updated… Continue reading Mazda achieves record half-year global sales