Tag: Daimler

BMW, Mercedes-Benz lower prices in China after VAT drop

FILE PHOTO: BMW cars are seen at the automobile terminal in the port of Dalian, Liaoning province, China January 9, 2019. Picture taken January 9, 2019. REUTERS/Stringer SHANGHAI (Reuters) – BMW AG (BMWG.DE) and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added… Continue reading BMW, Mercedes-Benz lower prices in China after VAT drop

Daimler Invests in Fleet Management Solution

FleetMaster, a software developer of cloud-based fleet and asset management solutions for rental and leasing companies, today announced Daimler has partnered with it through an investment made by the Daimler Financial Services division to acquire a minority stake in the Belgian company through a capital increase. The investment will also support global scaling of FleetMaster… Continue reading Daimler Invests in Fleet Management Solution

Tesla unveils Model Y SUV as electric vehicle competition heats up

SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Tesla Inc’s Model Y electric sports utility vehicle is pictured in this undated handout photo released on March… Continue reading Tesla unveils Model Y SUV as electric vehicle competition heats up

Lister reveals modern Kobbly concept and promises to build it – Motor Authority

There was a time, back in the 1950s, when the Lister name was just as synonymous with racing and sports car victories as Ferrari, Mercedes-Benz and other famous marques. It was thanks to the performance of Lister’s Knobbly race car, which was driven by some of the all-time greats, including Stirling Moss. Lister’s history has… Continue reading Lister reveals modern Kobbly concept and promises to build it – Motor Authority

VW subsidiary in the crisis: Audi boss Schot relies on tough austerity measures and electric cars

With a hard one Austerity program, job cuts and electric cars Audi boss Bram Schot wants to get his company back on track after a very weak year. But “2019 will be a transitional year,” said Schot on Thursday in Ingolstadt. Sales and sales should rise only slightly. The conversion “will not be comfortable, but… Continue reading VW subsidiary in the crisis: Audi boss Schot relies on tough austerity measures and electric cars

Reorganization case VW subsidiary: So Bram Schot Audi maneuver out of the crisis

They present visions as memorized, fight with phrases against the crisis – on Thursday they try AudiChiefs to look optimistically into the future of the flagging carmaker. At the annual press conference 2019 in Ingolstadt, production boss Peter Kössler (59), for example, talks about sustainability, about wild herbs and flowers on the planted roofs of… Continue reading Reorganization case VW subsidiary: So Bram Schot Audi maneuver out of the crisis

Truck subsidiary of VW: Traton boss Renschler holds on to expansion plans

Andreas Renschler The head of the truck subsidiary Traton wants to drive forward the international expansion and bring the division on the stock market in the future. (Photo: Bloomberg) MunichAndreas Renschler is more of a relaxed person. He has been working in the automotive industry for decades, initially Daimler and now at Volkswagen, As the… Continue reading Truck subsidiary of VW: Traton boss Renschler holds on to expansion plans

BMW and Daimler seek 7 billion euros savings from shared platforms: reports

FRANKFURT (Reuters) – BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least 7 billion euros ($7.91 billion), Sueddeutsche Zeitung and Auto Bild said on Thursday. A BMW logo is displayed at the 89th Geneva International Motor Show in Geneva,… Continue reading BMW and Daimler seek 7 billion euros savings from shared platforms: reports

Volvo Cars to pay $310 million dividend, second under China’s Geely

STOCKHOLM (Reuters) – Volvo Cars will pay a dividend of 2.9 billion Swedish crowns ($311 million) after record sales in 2018, the company said on Thursday, with almost all of it slated to boost the coffers of its debt-laden Chinese parent Geely. FILE PHOTO: The new Volvo Polestar 2 is displayed at the 89th Geneva… Continue reading Volvo Cars to pay $310 million dividend, second under China’s Geely