Volkswagen The group made a profit of 17.1 billion euros last year. (Photo: AP) WolfsburgDer Volkswagen Group has increased its profit slightly in the past year. The operating result before special items amounted to 17.1 billion euros, as the car maker announced on Friday after a meeting of the Supervisory Board. That was around 100… Continue reading Car maker: Volkswagen beats better than its competitors – profit and dividend rise
Tag: Daimler
New partnership: Mytaxi becomes Free now – Daimler and BMW combine their mobility services
BMW boss Harald Krüger (left) and Daimler CEO Dieter Zetsche In a former subway tunnel under Potsdamer Platz in Berlin, two long-time rivals became partners on Friday. (Photo: AP) Berlin have been more than a hundred years Daimler and BMW bitter rivals. There were times when people in Stuttgart only mockingly talked about Munich and… Continue reading New partnership: Mytaxi becomes Free now – Daimler and BMW combine their mobility services
VW, BMW, Daimler: The random drive of the German auto industry
On the brake The German auto industry is currently fighting against world politics – and against itself. “E-tron partner” stands on a sign on the front door of the AudiCar house in the Rhineland. You can not see the “e-tron” here. “At the earliest from mid-March we will get such a car,” says the Audi-Seller.… Continue reading VW, BMW, Daimler: The random drive of the German auto industry
BMW and Daimler invest €1bn in tech venture
BMW and Daimler have unveiled a joint venture to invest in new-generation services such as driverless vehicles, ride-hailing and parking services. The German firms are investing €1bn (£880m) in the project, which will also look into pay-per-use car schemes. The move comes as traditional manufacturers face competition from mobility services provided by Uber and other… Continue reading BMW and Daimler invest €1bn in tech venture
A new Zetsche at the Daimler sky
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Press Releases – New vehicle safety rules: auto industry reacts to European Parliament vote
Brussels, 22 February 2019 – The European Automobile Manufacturers’ Association (ACEA) takes note of the European Parliament’s vote on the revision of the General Safety Regulation, which mandates the safety technologies to be included as standard in new vehicle types. Yesterday’s vote by the lead Internal Market and Consumer Protection (IMCO) Committee marks an important… Continue reading Press Releases – New vehicle safety rules: auto industry reacts to European Parliament vote
UPDATE 2-Magna International profit beats on strength in vehicle assembly unit
(Adds details on business segments) Feb 22 (Reuters) – Canada’s Magna International Inc beat analysts’ estimates for quarterly profit on Friday as the auto parts maker assembled more vehicles, benefiting from new launches by car makers Jaguar Land Rover and Daimler AG. Sales at its complete vehicles unit rose 39 percent to $1.69 billion, with… Continue reading UPDATE 2-Magna International profit beats on strength in vehicle assembly unit
UPDATE 1-Daimler, BMW to invest 1 bln euros in venture to rival Uber
Harald Kruger, CEO and Chairman of the Board of Management of BMW AG and Dieter Zetsche, CEO of Daimler AG, shake hands at a news conference to present plans for combining the companies’ car-sharing businesses, in Berlin, Germany, February 22, 2019. REUTERS/Axel Schmidt BERLIN (Reuters) – German carmakers Daimler and BMW unveiled a joint ride-hailing,… Continue reading UPDATE 1-Daimler, BMW to invest 1 bln euros in venture to rival Uber
BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider
BERLIN, Feb. 22, 2019 /PRNewswire/ — Game-changing new player to enter growing market for urban mobility Vision: all-electric, autonomous, on-demand mobility Five joint ventures to be established: REACH NOW, CHARGE NOW, FREE NOW, PARK NOW, and SHARE NOW Services already have roughly 60 million customers worldwide Plans to create up to 1,000 new jobs worldwide… Continue reading BMW Group and Daimler AG invest more than €1 billion in joint mobility services provider
Volvo batteries, California superhighways, more efficient motors: Today’s Car News
Teaser for Piech Mark Zero electric sports car concept debuting at 2019 Geneva auto show
Falling reliability costs the Tesla Model 3 its Consumer Reports recommendation. Could high-speed rail be replaced with high-speed highways? Volvo is pulling depleted batteries out of electric buses to use as energy storage for solar in a large apartment complex in Sweden. Argonne National Lab has developed a smaller, lighter, more efficient electric motor. All this and more on Green Car Reports.
In its latest survey, Consumer Reports found that the Tesla Model 3, while very satisfying, isn't very reliable.
As California's high-speed rail project devolves from budget and time-line overruns into political name-calling between Washington and Sacramento, a state senator has introduced a bill to replace the project with autobahn-like high-speed highway lanes through the state's central valley from San Francisco to LA. The lanes would have no speed limits, but they're unlikely to reduce global-warming emissions as the senator suggests.
Volvo is reusing batteries from its electric buses in Sweden to buffer power on a large new apartment complex with solar panels in Gothenberg.
Scientists at Argonne National Labs in Illinois have developed a new type of permanent-magnet electric motor that's lighter, cheaper, and more powerful, proving that it's not just battery technology that's improving for electric cars.
Mercedes-Benz plans a new electric SUV called the EQV to debut at the Geneva auto show next month. It is expected to be a follow-on to the company's EQC, which is scheduled to arrive later this year.
Finally, Anton Piech, the son of the famed Audi engineer and Porsche scion Ferdinand Piech, also plans to launch a new electric sports-car company with a stylish concept at the show.
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