STOCKHOLM (Reuters) – Chinese-owned Volvo Cars reported a fall in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its main market China. FILE PHOTO: Volvo Cars U.S. production plant is pictured in Ridgeville, South Carolina, U.S. June 20, 2018. REUTERS/Randall Hill The… Continue reading UPDATE 1-Volvo Cars feels margin pressure from U.S.-China tariff war
Tag: BMW
CORRECTED-Volvo Cars feels margin pressure from U.S.-China tariff war
FILE PHOTO: Volvo Cars U.S. production plant is pictured in Ridgeville, South Carolina, U.S. June 20, 2018. REUTERS/Randall Hill STOCKHOLM (Reuters) – Volvo Cars, owned by China’s Geely, reported higher full-year revenue on Thursday, but said its profit margins had slipped and were expected to remain under pressure this year. Carmakers have faced rising costs… Continue reading CORRECTED-Volvo Cars feels margin pressure from U.S.-China tariff war
Honda secures battery supply contract for about 1 million electric vehicles with CATL
Honda hasn’t been one of the most active automakers when it comes to electrification, but it is now making some big moves, including securing a battery cell supply contract for about 1 million electric vehicles with CATL, one of the largest battery manufacturers in the world. Yesterday in Tokyo, Contemporary Amperex Technology Co., Ltd. (CATL) and Honda… Continue reading Honda secures battery supply contract for about 1 million electric vehicles with CATL
Press Release No. 04/2019 – The number 1 segment in January 2019
Date 06.02.2019 Flensburg, 6 February 2019. In the month of January 2019, there were five management changes. in the segment the minis is now the VW Up, im segment Upper middle class of the Audi A6, S6, RS6 and in the luxury class of the Audi A7, S7, RS7 in the first place. In the… Continue reading Press Release No. 04/2019 – The number 1 segment in January 2019
Daimler cuts dividend as fourth-quarter Mercedes earnings take tariff hit
STUTTGART (Reuters) – Daimler cut its dividend as fourth-quarter operating profit fell 22 percent as trade wars and rising costs for developing electric and self-driving cars hit profits at Mercedes-Benz cars, the company said on Wednesday. Daimler AG CEO Dieter Zetsche, CFO Bodo Uebber, Martin Daum, head of Daimler’s truck and bus division and Joerg… Continue reading Daimler cuts dividend as fourth-quarter Mercedes earnings take tariff hit
X2City: BMW sells electric scooter for 2,400 euros
In anticipation of a revision of the Highway Code has BMW presented an electric scooter. The X2City should be a maximum of 20 km / h fast and good for short distances. February 6, 2019, 7:22 am, Andreas Donath BMW X2City (Image: BWM) The X2City from BMW is a kick scooter with fairly large wheels,… Continue reading X2City: BMW sells electric scooter for 2,400 euros
Car manufacturer: Volkswagen CEO Ulrich Selzer is Germany CEO of Opel
Opel plant in Rüsselsheim His career in the auto industry Selzer began in 1993 at Opel as a product manager for the models Corsa and Tigra. (Photo: AP) Ruesselsheim The car maker Opel gets a new Germany boss on April 1st: VolkswagenManager Ulrich Selzer (54) takes over the post of Jürgen Keller (53) as the… Continue reading Car manufacturer: Volkswagen CEO Ulrich Selzer is Germany CEO of Opel
Bet everything on electric: Inside Volkswagen’s radical strategy shift
WOLFSBURG, Germany (Reuters) – If Volkswagen realizes its ambition of becoming the global leader in electric cars, it will be thanks to a radical and risky bet born out of the biggest calamity in its history. FILE PHOTO: An autonomous Volkswagen I.D. Crozz concept vehicle is shown at the Los Angeles Auto Show in Los… Continue reading Bet everything on electric: Inside Volkswagen’s radical strategy shift
China’s CATL, Honda plan to co-operate on EV battery development
TOKYO (Reuters) – Contemporary Amperex Technology Ltd and Honda Motor have signed an agreement to co-operate on jointly developing lithium ion batteries for electric vehicles, as China’s top EV battery maker expands its tie-ups with Japanese automakers. CATL said on Tuesday it had signed a memorandum of understanding with Honda under which it would guarantee… Continue reading China’s CATL, Honda plan to co-operate on EV battery development
BMW iNEXT undergoes winter trial tests: advancing the future of driving pleasure at the polar circle.
Munich. The future of driving pleasure is approaching fast and the BMW iNEXT takes the next hurdle of its path to serial production maturity. The winter test centre of the BMW Group in Arjeplog, Sweden is the setting for the current complete vehicle tests, which serve to optimise, examine and harmonise all drive, chassis and… Continue reading BMW iNEXT undergoes winter trial tests: advancing the future of driving pleasure at the polar circle.