Audi headquarters in Ingolstadt Prosecutors search the headquarters of the VW premium subsidiary. (Photo: AFP) New day, new raid: For the third time, the public prosecutor Munich II in the environment of Audi Business and private rooms searched. The action on Tuesday morning had it all. With a squad of 18 prosecutors alone, the investigators… Continue reading Exhaust emissions at VW subsidiary: New day, new raid on Audi
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Electromobility: Nissan plans more than 20 new electric vehicles
Electric car Nissan Leaf 2018: six new electric and hybrid models 2018 and 2019 (Image: Nisssan) Building more cars in China means more, too electric cars to build. The Japanese automaker Nissan wants to expand in China and is therefore planning to increase its portfolio of electric and hybrid vehicles. Electric Nissan for China: The… Continue reading Electromobility: Nissan plans more than 20 new electric vehicles
Daimler puts 2.5 billion euros in new transporter
Tuesday, 06/02/2018 19:38 clock The vehicle manufacturer wants to invest 2.5 billion euros Daimler to boost its van sales. The money will be used for the market launch of a new Sprinter model, which was presented in Duisburg. The billions go into the development, the production and sales measures – partly the money has already… Continue reading Daimler puts 2.5 billion euros in new
transporter
After diesel manipulations: raid on Audi
Audi headquarters in Ingolstadt Prosecutors search the headquarters of the VW premium subsidiary. (Photo: AFP) The manipulation of diesel vehicles was instrumental in the AudiHeadquarters in Ingolstadt. Now the prosecutors are moving in again. In a raid on Tuesday, both the AudiCentral as well as the work in Neckarsulm searched. The goal of the 18… Continue reading After diesel manipulations: raid on Audi
TomTom reports fourth quarter and full year 2017 results
Amsterdam, the Netherlands, 6 February 2018 7:30 AM CET Financial summary Q4 ’17 Revenue of €220 million (Q4 ’16: €266 million) Gross margin of 59% (Q4 ’16: 58%) EBITDA of €37 million (Q4 ’16: €39 million) Cash flow from operating activities of €98 million (Q4 ’16: €76 million) Financial summary FY ’17 Revenue of €903… Continue reading TomTom reports fourth quarter and full year 2017 results
Google Emails Show Internal Concern Over Losing Driverless Lead
Three years ago, the head of Google’s self-driving car project emailed co-founders Larry Page and Sergey Brin to sound an alarm. “Over the last six months we have stopped playing to win and instead are now playing to minimize downside,” Chris Urmson wrote. The source of his worry: Uber. That missive from Urmson, who left… Continue reading Google Emails Show Internal Concern Over Losing Driverless Lead
Porsche doubles e-mobility investment to over six billion euros by 2022
ATLANTA, Feb. 5, 2018 /PRNewswire/ — Porsche has been putting together an unprecedented future development plan: By 2022, the sports car manufacturer will invest more than six billion euros in e-mobility, focusing on both plug-in hybrids and purely electric vehicles. The decision was made by the Porsche AG Supervisory Board at its most recent meeting. “We… Continue reading Porsche doubles e-mobility investment to over six billion euros by 2022
GM races to build a formula for profitable electric cars
By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker has… Continue reading GM races to build a formula for profitable electric cars
Jaguar’s Technology Startup to Build Car Service Apps
Logo courtesy of Jaguar Land Rover. Jaguar Land Rover has launched InMotion, a new technology business that builds apps and on-demand services to overcome transport challenges. InMotion will begin testing a number of different services, such as carsharing and car ownership solutions, across North America, Europe, and Asia in the coming months. “With the development… Continue reading Jaguar’s Technology Startup to Build Car Service Apps
Car Rental Startup eZhire Raises Seed Investment
Dubai. Photo via Rivella/Pixabay Dubai-based startup eZhire, an on-demand rental car app, has raised seed funding in a round led by Jabbar Internet Group, according to an article by Entrepreneur Middle East. Investors Ali Al-Salim of Arkan Partners and Sahm Yaghi of Al Jal Investors were also part of the round. The amount was undisclosed,… Continue reading Car Rental Startup eZhire Raises Seed Investment