Within a week of Boris Johnson’s announcement that Britons will have no choice but to buy new electric cars from 2035, Jaguar has suffered battery supply issues for its I-Pace. Outputs of the £61,000 pure electric I-Pace at Jaguar’s Graz factory in Austria have been put on hold because of a shortage of lithium-ion batteries to… Continue reading Jaguar halts production of electric I-Pace due to shortage of batteries – This is Money
Tag: Daimler
Daimler to cut 15,000 jobs as cost cuts intensify: Handelsblatt
FILE PHOTO: A Mercedes-Benz “Vision URBANETIC” concept car is seen in front of the Daimler AG logo during the company’s annual news conference in Stuttgart, Germany, February 6, 2019. REUTERS/Michael Dalder FRANKFURT (Reuters) – German luxury carmaker Daimler (DAIGn.DE) is intensifying existing cost-cutting measures and plans to cut up to 15,000 jobs, Handelsblatt newspaper reported,… Continue reading Daimler to cut 15,000 jobs as cost cuts intensify: Handelsblatt
Car group: Daimler is tightening its austerity measures: up to 15,000 employees are expected to leave
Stuttgart, Frankfurt Daimler-Boss Ola Källenius is on Tuesday before his most important appearance so far: When presenting the annual balance sheet, he has to explain to investors how he wants to make the car manufacturer future-proof. After three profit warnings in a short time, many investors are upset, trust in the successor of Dieter Zetsche… Continue reading Car group: Daimler is tightening its austerity measures: up to 15,000 employees are expected to leave
Autocar UK Exclusive: Andy Palmer on Lawrence Stroll’s stake buy and future – Autocar Professional
Aston Martin chief executive Andy Palmer talks exclusively to Autocar UK following the announcement that billionaire Lawrence Stroll is investing in the firm.“I’m getting too old for all-nighters, but let’s just say it was a late night! It has been time-consuming, but as I sit here now the company is better funded than it has… Continue reading Autocar UK Exclusive: Andy Palmer on Lawrence Stroll’s stake buy and future – Autocar Professional
Christine Hohmann-Dennhardt: Court proceedings – ex-CEO of VW opposes the group
Christine Hohmann-Dennhardt The lawyer was on the VW board for 13 months. (Photo: Michael Loewa / laif) Düsseldorf Christine Hohmann-Dennhardt appeared the perfect candidate for four years ago Volkswagen to be: The one shaken by the exhaust gas scandal VWCorporation needed someone with experience in white collar crime, and the former SPD politician and federal… Continue reading Christine Hohmann-Dennhardt: Court proceedings – ex-CEO of VW opposes the group
Auto parts supplier: Continental builds new plant in the USA
Continental logo The auto parts supplier Continental is increasing its investments in the business with assistance systems and plans to open another factory in the United States to build. In New Braunfels (Texas), work on a plant producing radar sensors is scheduled to start by the middle of this year. The start of production is… Continue reading Auto parts supplier: Continental builds new plant in the USA
Fourth quarter and full year 2019 results
Amsterdam, the Netherlands, 5 February 2020 7:00 AM CET FINANCIAL SUMMARY FOURTH QUARTER 2019– Group revenue decreased by 10% to €156 million (Q4 ’18: €174 million)– Location Technology revenue of €110 million (Q4 ’18: €107 million)– Automotive operational revenue increased by 20% to €116 million (Q4 ’18: €97 million)– Free cash flow is an inflow… Continue reading Fourth quarter and full year 2019 results
Germany Gets €300 Million Boost For Electric Bus Sales
The European Commission recently approved €300 million ($332 million) of additional state funding in Germany, which combined with previous state funding brings the total amount to €650 million ($719 million). Germany intends to use the funds to incentivize electric bus orders within two years (by the end of 2021): “The German aid scheme will apply… Continue reading Germany Gets €300 Million Boost For Electric Bus Sales
@Daimler: 03. Feb 2020Max Warburton: new Advisor to the Management Board
February 03, 2020 – Daimler AG announced today that Max Warburton is joining the company as Advisor to the Management Board and Head of Special Projects. He will report directly to Ola Källenius, Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. The appointment is effective March 2, 2020. Warburton… Continue reading @Daimler: 03. Feb 2020Max Warburton: new Advisor to the Management Board
Daimler Shows Its New 1 MW Charging Park For Commercial Vehicles
Daimler is gearing up to gradually electrify its vans and truck lineup, which requires investments and new infrastructure. One of the things that has to be done are charging stations for test vehicles. Here is, for example, a new charging park for electric commercial vehicles at the Stuttgart-Untertürkheim headquarters, which can deliver about 1 MW… Continue reading Daimler Shows Its New 1 MW Charging Park For Commercial Vehicles