Tesla to be profitable in third-quarter, fourth-quarter: Musk tweets

(Reuters) – Silicon valley billionaire Elon Musk said on Friday his Tesla Inc (TSLA.O) company will not need to raise any money this year because the electric car maker will have positive cash flow and be profitable in the third and fourth quarter. FILE PHOTO: A Tesla dealership is seen in West Drayton, just outside… Continue reading Tesla to be profitable in third-quarter, fourth-quarter: Musk tweets

Jaguar Land Rover to shed 1,000 contract staff

Jaguar Land Rover says it will not be renewing the contracts of 1,000 temporary workers in Solihull. The company blamed the “continuing headwinds impacting the car industry” for the move. It said it was continuing to recruit large numbers of engineers and apprentices and it remained “committed to its UK plants. Earlier this year it… Continue reading Jaguar Land Rover to shed 1,000 contract staff

New Pininfarina car brand to launch electric hypercar in 2020

Automobili Pininfarina has confirmed that it will launch an all-electric hypercar in 2020 with racing technology taken from parent company Mahindra’s Formula E programme. The newly launched car brand, which is built from the base of renowned Italian design house Pininfarina and will be lead by former Audi India boss Michael Perschke, will launch the car as a halo… Continue reading New Pininfarina car brand to launch electric hypercar in 2020

First appearance of Herbert Diess as VW CEO: Two offices for the double Volkswagen chief, five-year contract for predecessor Müller

All articles and backgrounds 04/13/2018 First appearance of Herbert Diess as VW CEO Two offices for the double Volkswagen chief, five-year contract for predecessor Müller DPA Herbert Diess Timeshift in Wolfsburg: Herbert Diess takes over the post of Volkswagen CEO Matthias Müller, at the same time becomes the management structure of the group fundamentally rebuilt,… Continue reading First appearance of Herbert Diess as VW CEO: Two offices for the double Volkswagen chief, five-year contract for predecessor Müller

Escape tendencies at Opel: The new Opel rulers are heading for conflict with IG Metall

All articles and backgrounds 04/13/2018 Escape tendencies at Opel The new Opel rulers are heading for conflict with IG Metall AFP The boss and his Opel boss: Carlos Tavares (l.) And Michael Lohscheller. Carlos Tavares has a reputation to lose: that of the successful car company Sanierers. So the head of PSA Peugeot Citroën after… Continue reading Escape tendencies at Opel: The new Opel rulers are heading for conflict with IG Metall

First appearance of Diess as VW CEO: This is “not a revolution,” says Herbert Diess

All articles and backgrounds 04/13/2018 First appearance of Diess as VW CEO This is “not a revolution,” says Herbert Diess DPA Herbert Diess Timeshift in Wolfsburg: Herbert Diess takes over the post of Volkswagen CEO Matthias Müller, at the same time becomes the management structure of the group fundamentally rebuilt, manager-magazin.de shows you the first… Continue reading First appearance of Diess as VW CEO: This is “not a revolution,” says Herbert Diess

Record first quarter for BMW Group sales

Munich. The BMW Group has achieved its best ever first-quarter sales with a total of 604,629 BMW, MINI and Rolls-Royce vehicles delivered to customers, an increase of 3.0% on last year and the first time the company has sold over 600,000 vehicles this early in the year. March 2018 was the company’s best-ever single month… Continue reading Record first quarter for BMW Group sales

Statistics – Top 10: car producing countries, worldwide and EU

More than 80 million passenger cars were produced around the world in 2017. This interactive infographic shows the 10 biggest car producing countries, worldwide and in the EU. Quick facts: With around 17 million passenger cars built in the EU last year, pre-crisis levels from 2007 were exceeded for the first time. The European Union… Continue reading Statistics – Top 10: car producing countries, worldwide and EU

Herbert Diess, a cost killer at the head of Volkswagen

He had targeted the chair of the BMW boss, he finally won the Volkswagen. Herbert Diess, who succeeds Matthias Müller at the head of the group of twelve brands, landed in July 2015 in Wolfsburg, the historic headquarters of Volkswagen, just a few weeks before the outbreak of the scandal on faked engines. The Munich… Continue reading Herbert Diess, a cost killer at the head of Volkswagen