Global markets reacted positively to conciliatory moves from China on Tuesday, after President Xi Jinping promised to cut automotive tariffs this year. China’s leader also promised to improve intellectual property protection and raise foreign ownership limits within the auto sector “as soon as possible.” Asian shares closed higher, while US stock futures and the dollar… Continue reading Global markets rise as China’s President Xi vows to cut auto tariffs
Tag: BMW
NEWSMAKER-Cost-cutter Diess seen driving change as Volkswagen CEO
FRANKFURT, April 10 (Reuters) – Loved by investors and prepared to take on trade unions, Volkswagen brand boss Herbert Diess is likely to finally get his chance to lead Germany’s biggest carmaker which is expected to change faster under his cost-cutting style. Diess is known for squeezing more savings out of suppliers than fellow managers… Continue reading NEWSMAKER-Cost-cutter Diess seen driving change as Volkswagen CEO
Ford really wants to succeed in India: Here's why
Pankaj Radhe, Special to the Free Press Published 6:00 a.m. ET April 6, 2018 | Updated 9:55 a.m. ET April 6, 2018 From left to right: Jim Farley, Ford executive vice president and president of Global Markets, Peter Fleet, Group vice president & president, Ford Asia Pacific with Rajan Wadhera, president, automotive sector and Pawan… Continue reading Ford really wants to succeed in India: Here's why
Ford Debuts More Upscale Focus to Trade Sales for Richer Margins
As Ford Motor Co. rolls out a redesigned version of its Focus compact car in China and Europe, it’s also debuting a strategy to be more choosy about which buyers it battles for and where. The automaker is taking the wraps off upscale grades of the car in London including the Focus Vignale, expanding the… Continue reading Ford Debuts More Upscale Focus to Trade Sales for Richer Margins
Alphabet’s Waymo Takes a Page Out of Google’s Android Playbook
When Google set out to tackle the smartphone market with its Android operating system, it picked off the more vulnerable subscale brands with little software expertise. Within three years, those phone makers had surged up the sales charts to become the biggest players. At the time of Android’s launch in 2008, Samsung Electronics Co. Ltd. and… Continue reading Alphabet’s Waymo Takes a Page Out of Google’s Android Playbook
Germany May Inflict More Diesel Pain on Carmakers
Germany is preparing to take another run at shoring up diesel as it seeks to balance efforts to improve urban air quality with concerns about lost jobs from the technology’s decline. Transport Minister Andreas Scheuer signaled automakers including Volkswagen AG and BMW AG could be hit with more painful measures to reduce smog-causing emissions, while… Continue reading Germany May Inflict More Diesel Pain on Carmakers
BMW trade: owner change in the dealership Kaufmann
The Mulfinger Group has been operating the BMW business in Giengen / Brenz since April 1. © Photo: Armin Weigel / dpa / picture alliance The Mulfinger Group takes over the BMW location in Giengen from Paul Kaufmann, who retires after about three decades in the motor vehicle business. The Mulfinger Group is growing in… Continue reading BMW trade: owner change in the dealership Kaufmann
Toyota’s China Crisis
The world’s biggest carmaker and the world’s biggest car market should be made for each other. So why is Toyota Motor Corp. misfiring in China? As recently as 2015, it was the No. 2 marque in the country, behind the eternally dominant Volkswagen AG. Since then, though, sales have flatlined, while rivals have picked up… Continue reading Toyota’s China Crisis
BMW, Daimler, Toyota: Speech by China’s head of state Xi inspires the auto industry
Lexus production The Toyota luxury brand would benefit particularly strongly from the market opening. (Photo: AP) Automakers like BMW. Daimler and Toyota are likely to over the Message from the Chinese President Xi Jinping pleased: This announced in his speech on Tuesday to lower import tariffs on cars later this year. In doing so, the… Continue reading BMW, Daimler, Toyota: Speech by China’s head of state Xi inspires the auto industry
BMW and Mini launch pay-as-you-go subscription service
BMW and Mini have launched a subscription service that rolls all the costs of car ownership into monthly instalments. Payments, which start from £131 per week (equating to around £568 a month), include the costs of insurance and maintenance, as well as breakdown cover, as one bill. Although BMW is the first major car maker to offer such a service… Continue reading BMW and Mini launch pay-as-you-go subscription service