STOCKHOLM (Reuters) – Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front… Continue reading Volvo Cars to cut costs as trade war dents profits
Tag: Possible_Terrorism_Warfare
UPDATE 1-Volvo Cars to cut costs as trade war dents profits
STOCKHOLM (Reuters) – Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front… Continue reading UPDATE 1-Volvo Cars to cut costs as trade war dents profits
Volvo Cars launches cost cutting measures as trade war dents profit again
FILE PHOTO: A Volvo logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader/File Photo STOCKHOLM (Reuters) – Sweden’s Volvo announced new measures to cut fixed costs by 2 billion Swedish crowns ($214 million) on Thursday, as it became the latest carmaker to warn that pricing pressure and tariffs arising… Continue reading Volvo Cars launches cost cutting measures as trade war dents profit again
As Volkswagen Ends Beetle Production, a Final Photo Farewell to the Beloved ‘Bug’ – Fortune
The Volkswagen Beetle has finally completed its road trip. After 80 years of production in Germany, Belgium, Venezuela, South Africa, and about a dozen other countries, the last ‘Bug’ rolled off the factory line in Puebla, Mexico this week. The car’s journey to the Puebla Automotive Museum marked the final pit-stop for a vehicle that’s… Continue reading As Volkswagen Ends Beetle Production, a Final Photo Farewell to the Beloved ‘Bug’ – Fortune
Hellobike, survivor of China’s bike-sharing craze, goes electric
Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players is a survivor from the bike-sharing craze. Blessed with fundings from… Continue reading Hellobike, survivor of China’s bike-sharing craze, goes electric
Giving back to our communities
Being active members of the communities in which we live and work, including Arizona, California, Michigan, Texas, and Washington state, is central to our values at Waymo. While Waymo employees are encouraged to partake in community service throughout the year, WaymoServe is a month focused on volunteerism, designed to support what is meaningful to them.… Continue reading Giving back to our communities
Incoming Daimler CEO Ola Kallenius Talks Mercedes EVs and Future of Diesel – Motor Trend
How is the Mercedes-AMG One hypercar coming? We’re in the middle of development right now. When will the first car be delivered, and how many will you make? Next year. Not early in the year. There will be 275. View 4 Photos What will your EQ electric vehicle family look like? We’re going to make… Continue reading Incoming Daimler CEO Ola Kallenius Talks Mercedes EVs and Future of Diesel – Motor Trend
Ian Callum: In conversation with an automotive design legend
“ From humble Scottish roots, Ian Callum has impacted a global industry, re-imagined the Jaguar brand and along the way created icons many of us lust to own or drive. Paul Stead was privileged to spend 90 minutes with the – until very recently – director of design at Jaguar’s HQ in Coventry. Like many,… Continue reading Ian Callum: In conversation with an automotive design legend
Chinese EV startup Seres halts US launch, lays off 90 people in Silicon Valley
Seres, the Chinese EV startup formerly known as SF Motors, is laying off 90 people in its Silicon Valley office, the company announced in a staff meeting held earlier today. The US launch of its first electric SUV, the SF5, is also now on hold, according to a recording of the meeting obtained by The… Continue reading Chinese EV startup Seres halts US launch, lays off 90 people in Silicon Valley
Former Tesla employee admits uploading Autopilot source code to his iCloud
Guangzhi Cao, a former engineer at Tesla, admitted in a court filing this week that he uploaded zip files containing Autopilot source code to his personal iCloud account in late 2018 while still working for the company. Tesla sued Cao earlier this year for allegedly stealing trade secrets related to Autopilot and bringing them to… Continue reading Former Tesla employee admits uploading Autopilot source code to his iCloud