Video PlayerClose BERLIN, Aug. 3 (Xinhua) — German carmaker Opel has been forced to throttle the pace of production on its assembly lines due to weaker than expected sales, the newspaper Mainzer Allgemeine Zeitung reported on Friday. Responding to the report, the Ruesselsheim-based company merely confirmed that vehicle manufacturing output was regularly adjusted in response… Continue reading Production slowdown at Opel raises renewed questions over carmaker future
Tag: People
Trump trade war will add $3,000 to price of some popular pickup trucks, minivans, Toyota says
The Trump administration’s trade war will make Toyota pickup trucks and minivans more expensive, adding about $3,000 to the sticker price of some of its best-selling automobiles, Toyota executives said after reporting record profits Friday.
Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group
Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group Our future world need not necessarily look like a scene straight out of a sci-fi thriller. But it would entail newer business and job opportunities powered by humans and technologies, and hopefully, concerted efforts by our race to be more sustainable. Anand Mahindra caught up with… Continue reading Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group
Nissan: Rear Door Alert technology to become standard on all four-door Nissan nameplates
Nissan’s Rear Door Alert (RDA) 1 is the industry’s first system that uses the horn, in addition to door sensors and a message display on the center instrument panel, to remind drivers to check the back seat after the vehicle is parked For model year 2019, Nissan will add RDA as standard equipment to eight… Continue reading Nissan: Rear Door Alert technology to become standard on all four-door Nissan nameplates
Earnings boosted: “It’s hard to believe” – VW return on Toyota level
All articles and backgrounds 08/03/2018 Earnings boosted “It’s hard to believe” – VW returns close to Toyota DPA Volkswagen headquarters in Wolfsburg Toyota In terms of earning power, it ties in with earlier heydays. The Japanese group increased its operating profit in its first quarter by just under one-fifth to the equivalent of around 5.3… Continue reading Earnings boosted: “It’s hard to believe” – VW return on Toyota level
Volkswagen: former VW boss Winterkorn was allegedly already inaugurated in 2007 in exhaust gas manipulation
Martin Winterkorn According to a media report, the former VW boss in the investigation file is more heavily loaded. (Photo: AP) WolfsburgThe former VW-Boss Martin Winterkorn could already have been informed in 2007 about the exhaust gas manipulation in the group. This is reported by the magazine “Der Spiegel” on Friday citing witness testimony in… Continue reading Volkswagen: former VW boss Winterkorn was allegedly already inaugurated in 2007 in exhaust gas manipulation
Nissan finally sells its battery cell manufacturing division
Nissan wants to ramp up its electrification effort, but it doesn’t want to make its own batteries anymore. It had a lot of difficulties getting rid of its battery manufacturing subsidiary, but they have now finally found a buyer. For over two years now, the Japanese automaker has been rumored to be looking for a… Continue reading Nissan finally sells its battery cell manufacturing division
China’s DiDi, Ant Financial said to consider joint $2b Ofo buyout
August 3, 2018 Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions. A deal would mark the latest stage of consolidation in China’s once-booming bike-sharing industry, where… Continue reading China’s DiDi, Ant Financial said to consider joint $2b Ofo buyout
Stop Uber From Flooding New York
On Tuesday evening, the New York City Council introduced a bill to place a temporary cap on the number of for-hire vehicles — the kind provided by services like Uber and Lyft — allowed on the city’s streets. It’s about time: In recent years these cars have flooded New York, clogging our streets and driving… Continue reading Stop Uber From Flooding New York
Actually, Curbing Uber Won’t Relieve Heavy Traffic
Are ride-sharing and -hailing services like Uber and Lyft causing road congestion? This has been the perception in cities across the country, and the companies have come under fire for it. In New York City, it has led to a proposal to curb, for a year, for-hire-vehicle companies from adding new driver’s licenses (except for… Continue reading Actually, Curbing Uber Won’t Relieve Heavy Traffic