STOCKHOLM (Reuters) – Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front… Continue reading Volvo Cars to cut costs as trade war dents profits
Tag: BMW
UPDATE 1-Volvo Cars to cut costs as trade war dents profits
STOCKHOLM (Reuters) – Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front… Continue reading UPDATE 1-Volvo Cars to cut costs as trade war dents profits
Volvo Cars launches cost cutting measures as trade war dents profit again
FILE PHOTO: A Volvo logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader/File Photo STOCKHOLM (Reuters) – Sweden’s Volvo announced new measures to cut fixed costs by 2 billion Swedish crowns ($214 million) on Thursday, as it became the latest carmaker to warn that pricing pressure and tariffs arising… Continue reading Volvo Cars launches cost cutting measures as trade war dents profit again
BMW ReachNow car-sharing service shuts down in Seattle and Portland following joint venture deal
BMW’s ReachNow will shut down today. (GeekWire Photo / Kurt Schlosser) Peace out, ReachNow. BMW’s car-sharing service abruptly ceased operation Wednesday, ending a mobility program that included 1,000 free-floating vehicles used by more than 100,000 members across Seattle and Portland. A spokesperson confirmed that ReachNow offices in those two cities will close in the next… Continue reading BMW ReachNow car-sharing service shuts down in Seattle and Portland following joint venture deal
Especially VW in new registrations under pressure: Europe’s car markets continue to shrink
DPA In the first half of the year, Germany only slipped slightly in terms of new registrations; other markets were hit harder The European car market again suffered a significant setback in June. 1.45 million new cars were registered in the EU, 7.8 percent fewer than in the same month last year, announced the European… Continue reading Especially VW in new registrations under pressure: Europe’s car markets continue to shrink
Oliver Zipse could become the new BMW boss: The last Schlipsträger
Tobias Rabbit / dpa He could become the new BMW boss: Oliver Zipse, previously responsible for the production of the board Oliver Zipse has already made a name for himself in the automotive industry. The 55-year-old and possible successor to Group CEO Harald Krüger stands for the fact that BMW has made its production less… Continue reading Oliver Zipse could become the new BMW boss: The last Schlipsträger
IONITY to install fast chargers at eight Extra service stations in UK
IONITY, a joint venture between Daimler, Ford, BMW and VW to create a fast charging network throughout Europe, has partnered with Extra, a UK service station operator, to install fast charging stations at eight Extra locations. Each charging station will initially include up to six 350 kW chargers. The first of the charging stations is… Continue reading IONITY to install fast chargers at eight Extra service stations in UK
The all-new BMW 1 Series – Additional pictures.
Do you need help? Please contact our support team from 9 to 17 CET via support.pressclub@bmwgroup.com. PressClub Global · Article. Wed Jul 17 00:01:00 CEST 2019 Press Release Please find attached on location pictures of the International Media Launch of the all-new BMW 1 Series. Please find attached on location pictures of the International Media… Continue reading The all-new BMW 1 Series – Additional pictures.
Uber launches in Hamburg, now live in six German cities
FILE PHOTO: Screens display the Uber Technologies Inc. logo on the floor of the New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., May 10, 2019. REUTERS/Andrew Kelly/File Photo FRANKFURT (Reuters) – Uber said on Wednesday it was launching ride-hailing services in Germany’s second city, Hamburg, as it seeks to achieve… Continue reading Uber launches in Hamburg, now live in six German cities
Hubject and IoTecha partner to jumpstart smart EV charging systems including Plug&Charge
LOS ANGELES, CALIF. (July 16, 2019) — Hubject, a globally recognized leader in simplifying electric vehicle charging with eRoaming and innovative infrastructure technology and processes, today announced its partnership with IoTecha, a company specializing in providing software and hardware solutions to support EV charging infrastructure. Together, the two companies will simplify the implementation and deployment… Continue reading Hubject and IoTecha partner to jumpstart smart EV charging systems including Plug&Charge