Eleven years after its acquisition of Siemens VDO for more than 11 billion euros, the German Continental is preparing to partially cede these activities. With 40,000 employees for a turnover The transmission division (Powertrain) is expected to be listed on the stock market from mid-2019 as part of a major reorganization, the second-largest German automotive… Continue reading Big bang at the German Continental
Tag: Financial Results
Volvo Cars reports record operating profit of SEK 4.2bn for the second quarter of 2018
Volvo Cars reports record operating profit of SEK 4.2bn for the second quarter of 2018 Volvo Cars today reported its highest ever quarterly operating profit of SEK4.2 billion for the second quarter of 2018, an increase of 28.6 per cent compared with the same period last year driven by a strong increase in global… Continue reading Volvo Cars reports record operating profit of SEK 4.2bn for the second quarter of 2018
ZF: automation is “difficult to depreciate on a particular vehicle”
According to ZF, automation systems will have more interest in commercial vehicles and trucks. A strategic position deciphered by Thierry Metais, vice-president of the ZF group in charge of sales and development but also managing director of ZF France, At the end of June 2018, ZF presented its strategic shift for the autonomous vehicle, during… Continue reading ZF: automation is “difficult to depreciate on a
particular vehicle”
UPDATE 2-Continental AG restructures, prepares Powertrain for 2019 IPO
FRANKFURT (Reuters) – German auto supplier Continental (CONG.DE) on Wednesday said it will list its Powertrain unit as early as mid-2019 as part of a broader restructuring in response to far-reaching shifts in the auto industry towards electric and self-driving technologies. FILE PHOTO: Flags of German tyre company Continental are seen before the annual news… Continue reading UPDATE 2-Continental AG restructures, prepares Powertrain for 2019 IPO
Tesla Model 3 is most profitable electric car -consultant
DETROIT (Reuters) – The Tesla Inc Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant. FILE PHOTO: The front hood logo on a 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1,… Continue reading Tesla Model 3 is most profitable electric car -consultant
Lotus under Geely – what’s the plan?
New CEO Feng Qingfeng was until recently chief technical officer of Geely Auto Group Lotus is something of a curiosity. Like Chrysler, many companies have owned it, only to eventually sell to another firm, usually having sustained substantial losses during the period of control. Will things be different under Geely? The following analysis of the… Continue reading Lotus under Geely – what’s the plan?
Careem and Abaad partner to support El Dar Programme
As an organisation whose mission is to simplify and improve the lives of people, Careem decided 2018 was going to be the year we paid extra close attention to what we were doing for women in our region.
This is why on international women’s day this year, we pledged to bring onboard 20,000 female Captains by 2020. We also launched our internal women@Careem network – a internal program created for and by our female colleagues to network and engage with each other, but most importantly, to raise awareness of and promote an inclusive culture for men and women to learn from each other.
Staying true to this, last Christmas, we ran a “HOHOHO” promocode campaign which enabled users to collect five percent of their rides using the HOHOHO promocode. After one month, the top users with the most donations, were allowed to pick the NGO all proceeds would be donated to. The winning NGO was ABAAD – a non-profit organisation founded in June 2011 which fought for violence against women.
The campaign..
UPDATE 1-Ford agrees to $299.1 mln U.S. Takata air bag settlement
WASHINGTON (Reuters) – Ford Motor Co (F.N) agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. The Ford logo is pictured on the company’s stand during the 88th… Continue reading UPDATE 1-Ford agrees to $299.1 mln U.S. Takata air bag settlement
Ford agrees to $299.1 mln U.S. Takata ‘economic loss’ settlement
WASHINGTON (Reuters) – Ford Motor Co (F.N) agreed to a $299.1 million so-called economic loss settlement covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show. The Ford logo is pictured on the company’s stand during the 88th Geneva… Continue reading Ford agrees to $299.1 mln U.S. Takata ‘economic loss’ settlement
Adaptive speed systems could minimize congestion | Ford & Vanderbilt
In cooperation between the manufacturer Ford and the Vanderbilt University, a study was carried out on the topic of congestion minimization. In collaboration with Vanderbilt University and ford they saw the onslaught of US Independence Day vehicles on July 4 and decided to investigate. It is concluded that Adaptive Velocity Systems (ACC) could greatly contribute… Continue reading Adaptive speed systems could minimize congestion | Ford & Vanderbilt