DETROIT (Reuters) – General Motors Co (GM.N) said on Tuesday a richer mix of full-size pickups and mid-size SUVs in North America should help it offset higher commodity costs in 2018 and maintain pretax margins above 10 percent. The automaker posted better-than-expected quarterly results as cost cutting and higher vehicle prices offset a double-digit decline… Continue reading After profit beat, GM looks to trucks, SUVs to rev up margins
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Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects
With the launch of its excellent DB11, Aston Martin sales spiked 56 percent in 2017, with more than 5,100 cars sold, the most the company has shifted since 2008. Aston’s leader from 2014, Englishman Andy Palmer, is strongly optimistic about the prospects for the company, founded in 1913, over its next century, as the onetime… Continue reading Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects
Bikes, flying taxis, ride-sharing & more
Bikes, flying taxis, ride-sharing & more Welcome to our weekly news highlights, the place where you‘ll find the most important information in the urban mobility space. Follow us to keep updated, we post every Tuesday! Here is what happened last week: Uber to launch dockless bike-sharing in SF Uber and Jump have made a partnership that will… Continue reading Bikes, flying taxis, ride-sharing & more
GM reports $3.9 billion loss for 2017
General Motors headquarters is seen in the Renaissance Center in Detroit. (Photo: Stan Honda / Getty Images) General Motors Co. reported Tuesday a loss of $3.9 billion in 2017, due largely to charges related to the new tax law and the Opel-Vauxhall sale, in what the company characterized as a very strong year. Even though… Continue reading GM reports $3.9 billion loss for 2017
GM CEO Mary Barra says too many women quit their jobs for the wrong reason
When it comes to General Motors, you might say that CEO Mary Barra is ride or die. At 18, she started working for GM as a way to help pay for her college tuition. Her gig, inspecting hoods and fender panels of the Pontiac Grand Prix, turned out to be the first step in a lifelong… Continue reading GM CEO Mary Barra says too many women quit their jobs for the wrong reason
Exhaust emissions at VW subsidiary: New day, new raid on Audi
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
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