Brussels, 16 April 2018 – The latest data shows that taxation on motor vehicles in the EU-15 is worth €413 billion annually – about three times the total budget of the European Union. This figure is up 4% compared with one year earlier. The data was published today in the 2018 Tax Guide of the… Continue reading Press Releases – Motor vehicles generate €413 billion in taxes for EU-15, new data shows
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Top Automotive Industry News for Week of April 9 – April 15, 2018
Here is the most important news associated with the automotive industry identified by the SEA for the week April 8, 2018 – April 15, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- Audi brand to be excluded from VW sportscar brand overhaul: source… Continue reading Top Automotive Industry News for Week of April 9 – April 15, 2018
Herbert Diess: VW boss should also be supreme Audi controller
All articles and backgrounds 04/15/2018 Herbert Diess VW boss should also be the top Audi controller DPA “I like a lot of work”: Herbert Diess The new Volkswagen CEO Herbert Diess is equipped with great power. Now he should also be supreme overseer at Audi. Some warn already before this office accumulation. In addition, a… Continue reading Herbert Diess: VW boss should also be supreme Audi controller
General Motors firing 1500 workers undermines Trump’s boasts on auto jobs
The job cuts fly in the face of Trump’s repeated claims that he’s spurring a renaissance in US auto factory jobs General Motors Co. will fire as many as 1,500 workers at the end of June at the Ohio factory building the Chevrolet Cruze compact car, undercutting President Donald Trump’s bombast about bringing back auto… Continue reading General Motors firing 1500 workers undermines Trump’s boasts on auto jobs
LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year
6 M BY MARK KANE LG Chem announced two joint ventures with China’s Zhejiang Huayou Cobalt to supply battery material for hundreds of thousands of electric cars annually. Cobalt (source: Wikipedia) Zhejiang Huayou Cobalt is the world’s largest producer of refined cobalt (20,000 tons in 2017) and LG Chem needs a lot of cobalt these… Continue reading LG Chem Forms 2 JVs In China For Up To 400,000 Battery Pack Per Year
Board restructuring in the VW Group: The steep rise of Porsche CEO Oliver Blume
Oliver Blume at the Geneva Motor Show The Porsche boss makes the return pearl of the VW Group shine even brighter. (Photo: AP) It was a sign of appreciation: applauded in January Wolfgang Porsche, as Oliver flower in his speech at the beginning of the 70-year-old PorscheAnniversary on the top floor of the company museum… Continue reading Board restructuring in the VW Group: The steep rise of Porsche CEO Oliver Blume
Jaguar Land Rover ‘to cut 1,000 jobs’ in Solihull
Jaguar Land Rover is to shed 1,000 jobs and cut production at two sites, according to reports. The carmaker said it would make an announcement to employees on Monday regarding its production plans for 2018/19. It added: “In light of the continuing headwinds impacting the car industry, we are making some adjustments to our production… Continue reading Jaguar Land Rover ‘to cut 1,000 jobs’ in Solihull
Singapore orders Grab to delay closing Uber app for an additional 3 weeks
Grab’s plan to shutter Uber’s app quickly following its merger deal in Southeast Asia has hit another snag in Singapore where the ride-hailing firm has been forced to delay closing its rival’s service until May 7. This is the second time that Grab has pushed back the removal of Uber’s app in Singapore, which was initially… Continue reading Singapore orders Grab to delay closing Uber app for an additional 3 weeks
GM cutting second shift at Lordstown plant in Ohio
Buy Photo Autoworkers build Chevy Cruzes at General Motor’s Lordstown Plant in Ohio i this file photo from August 23, 2011. GM is moving to one shift at the plant, cutting a second shift and offering buyouts of up to $60,000 to affected workers. (Photo: The Detroit News, file)Buy Photo General Motors Co. is moving… Continue reading GM cutting second shift at Lordstown plant in Ohio
Waymo formally applies for fully driverless car tests in California
JasonDoiy via Getty Images Waymo has officially applied to the California DMV to test autonomous cars without drivers in the state. A source told the San Francisco Chronicle that the company will start trials around its Mountain View headquarters where it’s been testing its self-driving Chrysler Pacific minivans, though those had personnel behind the wheel… Continue reading Waymo formally applies for fully driverless car tests in California