WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models… Continue reading UPDATE 4-VW warns on jobs as margins slip, electric plans accelerate
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Infiniti pulls out of Europe
Infiniti is pulling out of Western Europe after Nissan’s premium arm was no longer considered a viable business here. Production of the firm’s two UK-built models, the Q30 and QX30, will end at Nissan’s Sunderland plant in July. The company will cease all European operations from early 2020. The move is part of a wider… Continue reading Infiniti pulls out of Europe
CORRECTED-GM’s Cruise unit to double headcount (March 11)
FILE PHOTO: A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. REUTERS/Heather Somerville (The March 11 story corrects paragraph 1 to clarify statement was from General Motors unit Cruise) (Reuters) –… Continue reading CORRECTED-GM’s Cruise unit to double headcount (March 11)
UPDATE 1-CERAWEEK-Ford chairman praises CEO, mulls lithium venture
HOUSTON (Reuters) – Ford Motor Co Executive Chairman Bill Ford said on Tuesday that he is very confident in Chief Executive James Hackett’s leadership and that the automaker is considering striking supply deals with a lithium producer. FILE PHOTO – Newly named Ford Motor Company president and CEO James Hackett answers questions from the media… Continue reading UPDATE 1-CERAWEEK-Ford chairman praises CEO, mulls lithium venture
Volkswagen: Careful approach in the power struggle at VW
Wolfsburg, FrankfurtBernd Osterloh is at the balance sheet press conference from Volkswagen physically not present. Actually, such events are about the numbers – not the works council. And yet Osterloh is the central theme – also for the CEO Herbert dies, “Osterloh is sometimes difficult to judge because he often acts emotionally and spontaneously,” says… Continue reading Volkswagen: Careful approach in the power struggle at VW
DENSO Takes a Stake in Airbiquity to Advance Connected Vehicle Technology
OTA systems have been increasingly commercialized to update the software of multimedia products, such as car navigation systems. This is critical for automakers as the industry quickly moves toward electrification and autonomous vehicles. Airbiquity has a successful track record in delivering software products for in-vehicle multimedia products to many automakers and is also known for… Continue reading DENSO Takes a Stake in Airbiquity to Advance Connected Vehicle Technology
Company 06.03.2019 Dealer of Tomorrow Part of the latest sales strategy: customers will soon be able to order their car online. mehr
“Our absolute top priority is data security. No one will be forced to give us access to their data. Only people who want to opt in will be involved,” says Christoph Hartung, Head of Digital and New Business Sales.Regardless of whether cars are ordered online or purchased offline, dealerships will retain their important role in… Continue reading Company 06.03.2019 Dealer of Tomorrow Part of the latest sales strategy: customers will soon be able to order their car online. mehr
Uber to pay $20 million to settle long-running legal battle with drivers
SAN FRANCISCO, March 12 (Reuters) – Uber Technologies Inc has agreed to pay $20 million to settle a lawsuit brought by drivers nearly six years ago, according to court filings, resolving one of its many legal battles with drivers ahead of a hotly anticipated initial public offering this year. Drivers for the ride-hailing company argued… Continue reading Uber to pay $20 million to settle long-running legal battle with drivers
A “new start” for the Renault-Nissan-Mitsubishi Alliance
Make a clean sweep of past mistakes and start afresh. In presenting the new governance of the Renault-Nissan-Mitsubishi Alliance on Tuesday in Yokohama, the leaders of the three groups insisted on the “fresh start” taken on Tuesday by their original partnership. “It’s time to move to a new stage” and “to rediscover the spirit of… Continue reading A “new start” for the Renault-Nissan-Mitsubishi Alliance
CORRECTED-UPDATE 3-VW warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models by 2028, aiming to put itself at the forefront… Continue reading CORRECTED-UPDATE 3-VW warns on jobs as margins slip, electric plans accelerate