SHENYANG, China (Reuters) – Germany’s BMW (BMWG.DE) will pay 3.6 billion euros ($4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market. The luxury carmaker said on Thursday it would increase its… Continue reading UPDATE 6-BMW to buy control of China venture in ‘new era’ for foreign carmakers
Tag: BMW
Automakers Extend AI Use Beyond Autonomous Vehicles into Back Office
For companies developing autonomous vehicles, AI may be taking the wheel, but it’s also increasingly being used in the back office. Automakers, suppliers and startups developing self-driving cars are implementing deep learning algorithms to operate vehicles without a human driver. With high-performance compute solutions from NVIDIA, vehicle manufacturers are also using AI in their data… Continue reading Automakers Extend AI Use Beyond Autonomous Vehicles into Back Office
Scott Keogh named head of Volkswagen Group of America
Scott Keogh, head of Audi of America, was named president and CEO of Volkswagen Group of America as well as head of the Volkswagen brand for the North American region. Keogh, who joined Audi in 2006, will succeed Hinrich J. Woebcken, who led the successful transformation of Volkswagen in North America. Woebcken will remain with… Continue reading Scott Keogh named head of Volkswagen Group of America
Dispute about diesel retrofitting gains in severity: SPD threatens BMW, VW and Co with 5000 Euro penalty per diesel car
Getty Images German carmakers reject refurbishments of old diesel cars in the core. Drivers of such cars, which are threatened with a driving ban in German cities, should exchange their older car with a discount for a low-emission new car. But not everyone can afford that Even courts are already convinced that diesel driving bans… Continue reading Dispute about diesel retrofitting gains in severity: SPD threatens BMW, VW and Co with 5000 Euro penalty per diesel car
Germany’s car industry says new EU anti-CO2 rules threaten jobs
FRANKFURT, Oct 10 (Reuters) – European Union plans to cut carbon dioxide emissions from vehicles by 35 percent by 2030 pose a threat to Germany as a car-building nation, national auto industry association VDA said on Wednesday. “It is more than regrettable that the majority of member nations did not find the strength to strike… Continue reading Germany’s car industry says new EU anti-CO2 rules threaten jobs
Press Releases – Car and van CO2 targets: environment ministers adopt common position, auto industry reacts
Brussels, 10 October 2018 – Auto makers take note of the common position on future CO2 targets for cars and vans adopted by the 28 EU member states during a meeting of environment ministers in Luxembourg last night. “Further reducing CO2 emissions remains a top priority of the EU auto industry. All manufacturers are actively… Continue reading Press Releases – Car and van CO2 targets: environment ministers adopt common position, auto industry reacts
Geely and Daimler want to create a car-sharing and VTC joint venture
Unity is strength. The Chinese manufacturer Geely seeks to associate with Daimler, of which he is already the largest shareholder, to tackle the car-sharing and VTC market. The two companies are currently in talks to create a car pooling and on-demand vehicle joint venture in China, reports Bloomberg. The objective would be compete with Didi,… Continue reading Geely and Daimler want to create a car-sharing and VTC joint venture
Stadler successor: Audi boss Schot does not see itself as an interim solution
Audi interim boss Bram Schot “I’m pushing hard, I’m making short-term, medium-term, long-term decisions.” (Photo: Reuters) FrankfurtAudi-Interim head Bram Schot may have a longer commitment at the forefront of VWIntroduce daughter. “I would stand as a long-term AudiBoss ready and would have a great deal of desire, “said Schot in a Wednesday published online interview… Continue reading Stadler successor: Audi boss Schot does not see itself as an interim solution
Interim CEO Bram Schot hopes for a long-term contract: “I would be willing to serve as Audi CEO in the long term”
DPA Audi interim chief Abraham “Bram” Schot Acting CEO of the automaker Audi, Abraham Schot, wants to remain Audi CEO. “In the long term, I would be ready as an Audi boss and would like to have a great time,” he said in an interview with manager magazin. It was “up to the board to… Continue reading Interim CEO Bram Schot hopes for a long-term contract: “I would be willing to serve as Audi CEO in the long term”
Henrik Fisker and the $40000 All-Electric Crossover
LOS ANGELES, California — At this point, there isn’t much Henrik Fisker hasn’t done. The Danish automotive designer is the man behind the clean, muscular lines of the Fisker Karma, Aston Martin DB9, BMW Z8, and the VLF Rocket. He recently rolled out his stunning EMotion concept, a modern reinterpretation of the sedan that was… Continue reading Henrik Fisker and the $40000 All-Electric Crossover