Nothing here but dreams
Jul. 25, 2019
Toyota Expands Collaboration in Mobility as a Service (MaaS) with Didi Chuxing, a Leading Ride-hailing PlatformEstablishment of a joint venture for vehicle-related services for ride-hailing drivers, and investment in DiDi and joint venture
AUTOMOTIVE group Cycle & Carriage Singapore on Thursday said it has entered the car leasing business through the formation of a new unit wholly owned by parent company Jardine Cycle & Carriage (Jardine C&C).The new unit, Cycle & Carriage Leasing, will provide various leasing options from daily rentals to long-term car rentals of up to three years, and will also be available to private hire drivers.Cycle & Carriage Leasing’s fleet will consist mainly of brands represented by Cycle & Carriage Singapore – namely Kia Cerato, Kia Stonic, Kia Niro Hybrid as well as Mitsubishi Attrage.
…sale of GKN, a manufacturer of aircraft and automotive components, drew criticism from politicians and trade unions who argued its sale to a turnround specialist could put jobs and investment in the…
Faurecia, an automotive technology company, and Microsoft announced a partnership to create disruptive, connected and personalized services inside the Cockpit of the Future. Combining experience in edge-computing, artificial intelligence, cloud-based services, cockpit systems integration and consumer insights, Faurecia targets to collaborate with Microsoft to develop digital services based on Microsoft Connected Vehicle Platform to reinvent… Continue reading Faurecia and Microsoft to collaborate for digital services inside the cockpit of the future
JV to have capacity of up to 180,000 vehicles per yearFirst production of electric vehicles planned to be launched in late 2020Capability to offer EV contract manufacturing services to other potential customersZHENJIANG, China, July 24, 2019 (GLOBE NEWSWIRE) — Today Magna, BAIC Group and the Zhenjiang government celebrated the signing of a framework agreement governing… Continue reading Magna Celebrates the Signing of Its First Complete Vehicle Manufacturing Joint Venture in China
Gloomy day for Daimler, Nissan, but PSA roars – Reuters: Daimler and Aston Martin struggle, Nissan plans yet more job cuts – but Peugeot owner PSA is one automaker to defy gloom in the sector. Francis Maguire …
GM’s Driverless-Car Unit Cruise Delays Robot-Taxi Service – Wall Street Journal: General Motors’ driverless-car business, Cruise, will delay the roll out of an autonomous ride-hailing *service* scheduled for late this year, underscoring the …
Porsche tops J.D. Power study of most appealing new vehicles – Automotive News: Ram was the most improved brand and ranked highest in the mass-market segment while Ford Motor Co.’s brands received five model-level awards in the annual study of new-vehicle appeal.
European car giants Peugeot SA and Daimler show signs of fighting back amid global auto slowdown – Barrons: Peugeot maker PSA defied the global auto slowdown with a 10.6% profit rise in the first half of the year, while Mercedes owner Daimler’s stock rose on a more …
German carmaker BMW considers China as very strong driver of technology – Xinhua | English.news.cn – Xinhuanet: China is a very strong driver of technology, a spokesperson of German carmaker BMW told Xinhua on Wednesday. “We strongly …
PSA seeks European company legal status following Opel/Vauxhall takeover – Automotive News: Automaker says move will reflect group’s European scope following the takeover of Opel/Vauxhall.
Man jailed for 15 years for driverless car bomb plot – Guardian: A man who plotted a terrorist attack involving the use of a bomb inside a remotely controlled vehicle has been jailed for 15 years. Counter-terrorism …
Uber Drivers Lose Suit Over ‘Racist’ UK Environmental Fee – Bloomberg: It’s the latest stage of a long-running battle between those working for the ride-hailing firm and traditional cabbies, which has spilled from the city’s …
Brexit auto industry fears heightened with Boris Johnson becoming UK prime minister – Automotive News: Britain’s incoming prime minister has shown little sign that he takes the car industry seriously, having once said he knows about how to run an automaker than …
Why the UK auto industry will not welcome a Boris Johnson gov’t – Automotive News: … radio interview that he knew more about how to run an automaker than Jaguar Land Rover CEO Ralf Speth, who had just warned about job losses.
Daimler’s Q2 loss triggers more cost-cutting, product review – Automotive News: Daimler is battling slower demand in China and the U.S., along with huge costs to develop electric cars and regulatory scrutiny over its diesel emissions.
NHTSA says it is reviewing complaints of faulty Ford transmissions – Freep: Congressional leaders urged the review after a Free Press investigation found Ford sold the vehicles knowing their transmissions were faulty.
Nissan Braces for More Pain as Weak Profits Force Restructuring – Bloomberg: Nissan Motor Co. confirmed reports of a 90% drop in quarterly operating profit and a broader restructuring a day before posting results, underscoring the …
Tesla`s Ability to Make Money Is Under Spotlight as Results Loom – Bloomberg: Tesla Inc. sold a record number of cars during the second quarter. But did the company make enough money while doing so?
Breakingviews – If only James Bond could rescue Aston Martin – Reuters: If only James Bond could rescue Aston Martin Reuters(Reuters Breakingviews) – If only James Bond could come to the rescue of Aston Martin. The British maker of 007’s legendary sports car is struggling. With the …
German Car-Parts Maker Put Up for Sale Amid Spat Between Owners – Bloomberg: German auto parts maker Weber Automotive GmbH has been put up for sale as part of insolvency proceedings that started this month, according to a …
Uber Freight launches in Germany, taking on local competition – Reuters: U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe’s $500 billion trucking market.
Daimler CEO says there are no plans to pursue a merger or spin-off – Reuters: Daimler has no plans to spin off its trucks division or to pursue a merger with BMW as a way to raise the company’s share price, Chief Executive Ola Kaellenius said on Wednesday.
Toyota’s Thailand unit retains domestic car sales forecasts – Reuters: (Corrects date in dateline). BANGKOK, July 24 (Reuters) -. * Thailand’s total domestic cars sales for 2019 are still projected at 1 million units, down 3.8% from …
Aston Martin Plunges After Cutting Vehicle Sales Forecast on Challenging Outlook – Bloomberg: Aston Martin Lagonda cut its full-year sales forecast by as much as 14% after weakness in key markets intensified, joining a range of carmakers to warn of a …
Aston Martin cuts 2019 forecasts on UK, Europe weakness – Reuters: IndiaLuxury carmaker Aston Martin on Wednesday lowered several of its forecasts for this year, saying it had been hit by macro-economic uncertainty and weakness …
Nissan to Report 90% Plunge in Profit, Report Says – Bloomberg: Nissan Motor Co. will report a drop of about 90% in its fiscal first quarter … global alliance between Nissan, Renault SA and Mitsubishi Motors Corp.
Carmaker PSA defies gloom in auto sector with record profits – FT: French carmaker PSA posted record profits for the first half of 2019, bucking the gloom across the sector, as cost controls and the rollout of new models …
PSA Group profit jumps on pricing, Opel synergies – Reuters: French carmaker PSA Group delivered a sharp increase in first-half profit, as new models and the integration of Opel-Vauxhall more than made up for weaker emerging-market sales.
Nissan shares edge up on reports it will cut 10000 jobs – FT: … come as Hiroto Saikawa, Nissan’s chief executive, has struggled to stem the fallout from the arrest and ousting of its former chairman Carlos Ghosn.
Peugeot Maker Improves Profit Margins on More Costly Models – Bloomberg: Peugeot maker PSA Group’s profit margin widened to a record in the first half of the year through the sale of more expensive models, although the French …
Daimler Q2 hammered by Takata, diesel charges – Reuters: Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 …
Augmented Reality Is Now in Your Phone, Eyeglasses and Car – Washington Post: If you dodged real-world trash cans to chase virtual monsters during the Pokemon Go craze, you experienced augmented reality. Sixty years after …
US Truck Driver Shortage Is On Course to Double in a Decade – Bloomberg: Women make up less than 7% of drivers, and the industry is pushing to entice more with technology that makes trucks easier to drive and more …
Japan’s Nissan to double global job cuts to over 10,000 – source – Reuters: Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead for an automaker grappling with management upheaval.
Lyft makes self-driving research public to speed development – The Detroit News: It”s the largest such trove of data made available to researchers and rivals, Lyft said
Uber, Lyft Rides May Be Taxed Under San Francisco Measure – Bloomberg: Uber, Lyft Rides May Be Taxed Under San Francisco Measure. By … Ride-hailing customers may be forced to pay a new tax in the city where the …
Corrected: Nissan plans to cut over 10,000 jobs globally – Kyodo – Reuters: Nissan Motor Co Ltd is planning to cut more than 10,000 jobs globally as part of efforts to turn around its business, Kyodo News reported on Tuesday, citing company sources.
In win for Ford, Fed Circuit won’t extend ‘functionality’ defense to patent law – Reuters: The doctrine of aesthetic functionality, which limits the trademarking of the functional features of a product, does not extend to design patent law, a federal …
Harley-Davidson gets EU approval for plan to dodge $100 million tariff hit – Latimes: Harley-Davidson Inc.’s highly contentious plan to dodge tariffs by shifting some production overseas has been green-lighted just as the iconic …
Related
Horst Binnig to leave Rheinmetall Automotive AG and the Group holding company Rheinmetall AG. Photo: Heartbeat Online
DÜSSELDORF, 24-Jul-2019 — /EuropaWire/ — Horst Binnig, 60, to retire from Rheinmetall Automotive AG and the Group holding company Rheinmetall AG after 20 successful years in the Automotive sector. Binnig, currently serving as Chairman of the Executive Board of Rheinmetall Automotive AG and as a member of the Executive Board of the Group holding company Rheinmetall AG, has informed the Supervisory Board about his intention to leave for personal reasons. Upon closing of the succession plan with a smooth transition of leadership positions, Horst Binnig will actually be leaving the Group by the end of 2019.
Binnig has joined the Automotive sector of Rheinmetall Group in 1999 initially starting in the Corporate Development. He then led the Automotive subsidiary KS Aluminium-Technologie. Prior to joining Rheinmetall Group Horst Binnig was working for KACO Group and Hengstler GmbH. He was instrumental in helping establish Rheinmetall’s second major joint venture with SAIC (Shanghai Automotive Industry Corporation) in China. Furthermore, Binnig led the vigorous expansion of Rheinmetall Automotive’s activities in China as part of the company’s internationalization strategy.
Member of the Executive Board of Rheinmetall Automotive AG since 2012, Horst Binnig has become the Chairman in early 2014. During the same year, he was also appointed to the Executive Board of Rheinmetall AG.
Commenting on Horst Binnig’s departure, Ulrich Grillo, Chairman of the Supervisory Board of Rheinmetall AG and Armin Papperger, Chairman of Rheinmetall Automotive AG’s Supervisory Board, said:
“Even though there is still some time left before his departure, we would like to thank Horst Binnig today. Not only has he played a decisive role in the extremely positive development of Rheinmetall Automotive’s business over recent years, he also delivered important impetus for the development of the Rheinmetall Group as such as a member of the Group’s Executive Board. All the more do we therefore regret his decision as much as we respect it.“
Media contacts:
Folke Heyer
Karl-Schmidt-Straße
74172 Neckarsulm
Germany
Phone: +49 7132 33-3140
Fax: +49 7132 33-3150
SOURCE: Rheinmetall AG
MORE ON RHEINMETALL AUTOMOTIVE AG, RHEINMETALL AG, LEADERSHIP, ETC.:
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DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol (15-19 July 2019)
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Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 8 – 12 July 2019
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Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 1 – 5 July 2019, under the class B shares buy-back program approved by the GSM from 30 April 2019 and the duration of this program
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Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 24 and 28 June 2019
Digi Communications N.V. announces the launch by RCS & RDS S.A., its subsidiary in Romania, of the Digi Mobil 5G Smart service
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Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 17 – 21 June 2019
Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 10 and 14 June 2019
Digi Communications N.V.: Reporting of legal documents concluded by the company in May 2019 in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018 published
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Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 27 – 31 May 2019
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Digi Communications N.V.: Exercise of stock options by the Executive Directors of the Company
Digi Communications N.V. announces DIGI Kft., the Hungarian subsidiary of the Company, launches mobile telephony services in Hungary
Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 21 and 24 May 2019
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Digi Communications N.V. announces the initiation of the share buy-back program as authorized by the Company’s GSM on 30 April 2019
Digi Communications N.V Q1 2019 Financial Report and the report regarding legal documents for April 2019, in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018 released
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Digi Communications N.V.: Reporting of legal documents concluded by the company in March 2019 in accordance with article 82 of Law no. 24/2017 and FSA Regulation no. 5/2018 published
Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol between 8 and 12 April 2019
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Notification shares buy-back: DIGI COMMUNICATIONS N.V. reports to the regulated market the transactions which occurred under the DIGI symbol, 1 – 5 April 2019
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