Germany is preparing to take another run at shoring up diesel as it seeks to balance efforts to improve urban air quality with concerns about lost jobs from the technology’s decline. Transport Minister Andreas Scheuer signaled automakers including Volkswagen AG and BMW AG could be hit with more painful measures to reduce smog-causing emissions, while… Continue reading Germany May Inflict More Diesel Pain on Carmakers
Tag: People
Gunnar Kilian becomes HR Director
The car maker Volkswagen wants to rebuild its leadership. The successor to SPIEGEL information has already been determined for the personnel director. Volkswagen headquarters in Wolfsburg Tuesday, 10.04.2018 18:35 clock The Volkswagen Group is building his board around, In addition to CEO Matthias Müller and HR Director Karlheinz Blessing go. Blessings successor is already clear… Continue reading Gunnar Kilian becomes HR Director
Alibaba-backed Electric Vehicle Maker Xiaopeng Plans $2.7B Funding For Expansion
Alibaba-backed Chinese electric vehicle maker Xiaopeng Motors plans to raise RMB17 billion (US$2.7 billion) this year to expand its business, its CEO He Xiaopeng said in an interview at the Boao Forum in China. The news came two months after the firm raised RMB2.2 billion (US$348 million) in a series B round led by Alibaba… Continue reading Alibaba-backed Electric Vehicle Maker Xiaopeng Plans $2.7B Funding For Expansion
UPDATE 2-Icahn to sell Federal-Mogul to Tenneco for $5.4 bln
(Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc (TEN.N) in a $5.4 billion deal that will also give him a stake in the company. FILE PHOTO: Billionaire activist investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York… Continue reading UPDATE 2-Icahn to sell Federal-Mogul to Tenneco for $5.4 bln
BMW trade: owner change in the dealership Kaufmann
The Mulfinger Group has been operating the BMW business in Giengen / Brenz since April 1. © Photo: Armin Weigel / dpa / picture alliance The Mulfinger Group takes over the BMW location in Giengen from Paul Kaufmann, who retires after about three decades in the motor vehicle business. The Mulfinger Group is growing in… Continue reading BMW trade: owner change in the dealership Kaufmann
Potential further development in the management structure in the Volkswagen Group and potential personnel changes in the Board of Management
News Press Release News Group Wolfsburg, 10 April 2018 Potential further development in the management structure in the Volkswagen Group and potential personnel changes in the Board of Management …more
Chinese NEV start-up Singulato to invest big in Suzhou
Singulato’s CEO Shen Haiyin attends the launching ceremony of an electric SUV Singulato iS6 in Beijing, April 13, 2017.[Photo/VCG] NANJING – Chinese new energy vehicle (NEV) start-up Singulato Motors announced Saturday plans to invest 15 billion yuan ($2.39 billion) in the manufacturing hub of East China’s Suzhou over the next five years. A partnership between… Continue reading Chinese NEV start-up Singulato to invest big in Suzhou
China: Alibaba-backed Xiaopeng Motors to raise $2.7b this year
April 10, 2018 Xiaopeng Motors, which counts Alibaba Group Holding Ltd. and Foxconn Technology Group among its investors, plans to raise 17 billion yuan ($2.7 billion) in funds this year as the Chinese car startup seeks to take on rivals in the world’s biggest market for electric vehicles. The company plans to start pre-sales of… Continue reading China: Alibaba-backed Xiaopeng Motors to raise $2.7b this year
MORE DEALERS JOIN IN THE UPGRADE EXERCISE – UPBEAT ON THE FUTURE OF PROTON
PRESS MORE DEALERS JOIN IN THE UPGRADE EXERCISE – UPBEAT ON THE FUTURE OF PROTON Posted on Mar 28, 2018 Subang Jaya, 28 March 2018 – The Company witnessed another round of the Dealers Network Upgrade agreement signing ceremony recently, held at the PROTON Centre of Excellence. Following the earlier two batches which were held… Continue reading MORE DEALERS JOIN IN THE UPGRADE EXERCISE – UPBEAT ON THE FUTURE OF PROTON
Yet to turn a profit, Ford won't give up on India
Pankaj Radhe, Special to the Detroit Free Press Published 12:41 p.m. ET April 8, 2018 CLOSE Ford is going to import the EcoSport from India. It will be the brand’s smallest SUV vehicle and DJ Khaled was on hand to unveil the vehicle in advance of the Los Angeles Auto Show. Robert Hanashiro, USA TODAY… Continue reading Yet to turn a profit, Ford won't give up on India