Tag: Manufacturing

Statement Dr. Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Interim Report to 30 June 2019

Ladies and Gentlemen, The BMW Group remains on course after the first six months of 2019. In a challenging, declining overall market, we increased our segment share. As previously announced, the operating result for the Automotive Segment has improved compared to the first quarter and we are on track to meet our goals for the… Continue reading Statement Dr. Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Interim Report to 30 June 2019

Statement Harald Krüger, Chairman of the Board of Management of BMW AG, Conference Call Interim Report to 30 June 2019

Good Morning, Ladies and Gentlemen! Today, I would like to address three main points: Our electro model programme. Our market performance. And our profitability. Many of you were at our first #NEXTGen in the BMW Welt at the end of June. We were very pleased with the positive feedback from the media and social networks.… Continue reading Statement Harald Krüger, Chairman of the Board of Management of BMW AG, Conference Call Interim Report to 30 June 2019

Calling all hardware startups! Apply to Hardware Battlefield @ TC Shenzhen

Got hardware? Well then, listen up, because our search continues for boundary-pushing, early-stage hardware startups to join us in Shenzhen, China for an epic opportunity; launch your startup on a global stage and compete in Hardware Battlefield at TC Shenzhen on November 11-12. Apply here to compete in TC Hardware Battlefield 2019. Why? It’s your chance… Continue reading Calling all hardware startups! Apply to Hardware Battlefield @ TC Shenzhen

BMW Group firmly on course and confirms targets for 2019

Munich. The BMW Group’s operations remained well on course during the second quarter, despite a challenging market environment. In line with forecast, the Group achieved an improvement in both earnings and profitability compared to the first quarter and confirms its targets for the financial year 2019. Against the prevailing market trend, in the first half… Continue reading BMW Group firmly on course and confirms targets for 2019

Lucid Begins Work On Factory In Arizona – CleanTechnica

Cars Published on July 19th, 2019 | by Steve Hanley July 19th, 2019 by Steve Hanley  Lucid is one company that would be happy to eat the lunch of the major manufacturers who can’t be bothered to make electric cars. This week, it finally broke ground on its factory in Casa Grande, Arizona. David Salguero… Continue reading Lucid Begins Work On Factory In Arizona – CleanTechnica

Pence Boosts Hopes In Lordstown, Workhorse Stock With Comments On Idled GM Plant

The excitement around the stock was being matched in the northeast Ohio community, which saw General Motors Company (NYSE: GM) close the Lordstown plant, producing its last Chevrolet Cruze on March 6 and putting 1,500 people out of work. “Workhorse, I learned, just this week, secured the financing to move forward to keep jobs in… Continue reading Pence Boosts Hopes In Lordstown, Workhorse Stock With Comments On Idled GM Plant

Tesla Will Pay Shanghai $323 Million In Taxes Due To Gigafactory 3

You have to be pretty confident in success to accept such a bill… Anyone in doubt if Tesla is one of the big guys in the automotive industry’s neighborhood or not can check its deal with the Shanghai government for Gigafactory 3. Tesla has simply agreed to pay 2.23 billion renminbi – $323 million –… Continue reading Tesla Will Pay Shanghai $323 Million In Taxes Due To Gigafactory 3

Chinese company discusses project to manufacture electric buses in Egypt

CAIRO, July 31 (Xinhua) — Egypt's Minister of Military Production Mohamed Saeid el-Asar and Local Development Minister Mahmoud Shaarawy discussed on Wednesday with officials from China's Foton Motor and IMUT (International Marathon United Technology) companies a new project for jointly manufacturing electric buses, official news agency MENA reported.
Foton officials reviewed the characteristics and the capabilities of the buses to be manufactured in Egypt, the report said.
Foton said it is currently working on exporting the newest electric buses that are suitable for the operation and environment in Egypt.
“Manufacturing electric buses in Egypt is part of a government plan to upgrade the fleet of the public transport authority with an aim to ease the traffic congestion in the capital and the countries' largest cities,” Shaarawy said.
The plan is also meant to localize the electric buses in Egypt and to improve services offered to citizens, he added.
Foton also reviewed ..

Man in Japan buys 5 Fenyr hypercars for ca. $9M – Forma car News

Tetsumi Shinchi, a major businessman in Japan, has acquired a batch of five Fenyr SuperSport Launch Edition hypercars worth over U.S. $1,750,000 each. The vehicles were produced by Lebanon-based manufacturer W Motors. The entire production run consisted of just 10 copies, and a full half of it now goes to Japan. Each vehicle sports a… Continue reading Man in Japan buys 5 Fenyr hypercars for ca. $9M – Forma car News