The tragic events in Ukraine over the last two months have put everything in life into perspective. Business pales into insignificance at times like these. Businesses can, however, help to unite people behind a common cause, and provide them with a platform from which to provide assistance. We saw that at times throughout the Covid-19… Continue reading How TI Fluid Systems’ staff have supported Ukraine
Tag: Possible_Terrorism_Warfare
German Handelsblatt: Electromobility: VW boss Diess sees close race with Tesla for market leadership004278
Herbert Diess The head of the VW Group sees Tesla as the main future competitor – and wants to achieve market leadership. (Photo: Bloomberg) Volkswagen boss Herbert Diess does not see the self-imposed goal of replacing Tesla as the world market leader in electric cars by 2025 as a sure-fire success. “It will be a… Continue reading German Handelsblatt: Electromobility: VW boss Diess sees close race with Tesla for market leadership004278
Martinrea International Inc. Reports First-Quarter Results and Declares Dividend
TORONTO, May 05, 2022 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2022 and that it has… Continue reading Martinrea International Inc. Reports First-Quarter Results and Declares Dividend
@BMW: 30 years of quality and innovation in tooling and parts production001959
Eisenach. BMW Group Plant Eisenach officially opened for business in 1992. Located in the German state of Thuringia, it has played a major part in the heritage of the BMW Group and seen constant upgrades over the years. It is now the company’s largest tooling facility worldwide. The original tool-making section has been transformed into… Continue reading @BMW: 30 years of quality and innovation in tooling and parts production001959
@VW Group: Audi Group closes strong first quarter005008
Despite the quarter being marked by ongoing bottlenecks in semiconductor supply, war in Ukraine, and renewed lockdowns in China, the Audi Group is still reporting strong financial figures after the first three months of the year. As a result, the company has further strengthened its financial basis for its transformation towards e-mobility and digitalization. For… Continue reading @VW Group: Audi Group closes strong first quarter005008
@BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 31 March 2022001958
Ladies and Gentlemen, Strong products and desirable brands are the foundation of the BMW Group’s success as a company. With our customer-centric portfolio, we have experienced very robust demand in recent years, despite the difficult circumstances. We are seeing this trend grow even more this year. Never before in the history of our company have our pre-orders… Continue reading @BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Statement to 31 March 2022001958
@BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 31 March 2022001957
Good Morning, Ladies and Gentlemen. The BMW Group has made a strong start to 2022 – in an increasingly volatile geopolitical and global economic environment. Our business is performing in line with our expectations. The ongoing war in Ukraine is affecting the availability of vehicle components, which led to brief production disruptions at several European plants… Continue reading @BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Quarterly Statement to 31 March 2022001957
@VW Group: Volkswagen improves cost efficiency and economic efficiency in a tough environment004997
The Volkswagen brand strengthened the Group’s economic efficiency sustainably lastingly in the first quarter of 2022. In the first three months, the operating profit before special items increased to EUR 513 million (Q1 2021: EUR 490 million). Sales revenue came in at just under EUR 15 billion (Q1 2021: EUR 17.6 billion) due to an… Continue reading @VW Group: Volkswagen improves cost efficiency and economic efficiency in a tough environment004997
German FAZ: Bosch complains about car manufacturers003229
The world’s largest auto parts supplier is following up on the conflict with automakers. Bosch will have to pass on the “significantly increased raw material, semiconductor and logistics costs to its customers,” said Markus Heyn, head of the auto division, on Wednesday. The price for flat and round steel has tripled since 2020, said CFO… Continue reading German FAZ: Bosch complains about car manufacturers003229
The Drako GTE Was The World’s First Four-Seat Hypercar – HotCars
There’s something beguiling about this car. It reminds us of the Estoque: the four-seater Lamborghini that wasn’t meant to be. The Drako GTE EV is genuinely the first four-seater hypercar in the world, but the Koenigsegg Gemera stakes that claim rather embarrassingly – and if we ever stood the chance, we’d like to punch someone… Continue reading The Drako GTE Was The World’s First Four-Seat Hypercar – HotCars