A worried about high tariffs and declining corporate profits, the stock markets went down on Monday. Of the Dax fell 2.5 percent to 12,270 points, the Eurostoxx50 lost two percent to 3369 points. In New York, the Dow Jones and the S & P 500 were each about one and a half percent lower at… Continue reading Trading dispute and profit warnings weigh on exchanges
Tag: BMW
So dependent are the automakers of China
D he German automakers are becoming increasingly dependent on the Chinese market. Last year Volkswagen sold two out of five cars in China, according to a report published on Tuesday by the Center for Automotive Management (CAM) in Bergisch Gladbach. Audi Every third sold there, BMW every fourth and Daimler every fifth. According to CAM… Continue reading So dependent are the automakers of China
Grenell proposes to automakers a zero solution
I m trade dispute with the European Union (EU), the United States is now working on German media, according to a media report. The American ambassador to Germany, Richard Grenell, has offered the bosses of BMW, Daimler and Volkswagen a solution in the conflict over imminent punitive tariffs, reported the “Handelsblatt” on Wednesday evening with… Continue reading Grenell proposes to automakers a zero solution
Poli trauma
F If politics makes decisions, it has to expect the economy to react. The American president Donald Trump pulls fences around the United States, then wondering about Harley-Davidson. The American dream on two wheels wants to build its motorcycles destined for Europe in the future outside of North America, because even the hard-boiled clientele can… Continue reading Poli trauma
Why cobalt could run out soon
F for rechargeable batteries electric cars More and more cobalt is needed, but the metal could soon be scarce. Demand is expected to double over the next eight years to 225,000 tons annually, the Federal Institute for Geosciences and Natural Resources announced on Monday. Delays in mine development and processing “can lead to significant supply… Continue reading Why cobalt could run out soon
BMW warns of job losses in the US
Saturday, 06/30/2018 20:12 clock BMW has warned against possible cuts in investment and job losses in the US, should the US government Import duties on foreign cars rise. Customs would neither strengthen US growth nor competitiveness, the corporation wrote in a letter to Secretary of Commerce Wilbur Ross. Any US tariffs are expected to be… Continue reading BMW warns of job losses in the US
A battery factory for Thuringia?
A On Friday, there was no official confirmation that the Chinese company CATL actually pulls up a factory for electric car battery cells in Thuringia. But only the statements of the BMW boss Harald Kruger In a newspaper interview, the Munich automaker had awarded a billion contract to CATL and the company wanted to build… Continue reading A battery factory for Thuringia?
First Rwandan-made Volkswagen rolls off assembly line
KIGALI: The first Rwandan-made Volkswagen car rolled off the assembly line on Wednesday at the country’s first auto factory. The small Polo hatchback vehicle was greeted by President Paul Kagame and Volkswagen South Africa boss Thomas Schafer at the $20 million (17 million euros) facility, set up following a December 2016 deal. “Some found it… Continue reading First Rwandan-made Volkswagen rolls off assembly line
Faraday Future receives £1.5 billion investment ahead of FF 91 production
Electric car company Faraday Future (FF) looks on course to launch its first model later this year after it received £1.5 billion worth of investment from a Hong Kong holding company. The money, supplied by Evergrande Health, adds to the £750 million Faraday Future raised last year by selling off shares. The cash injection means plans to put the FF 91 electric… Continue reading Faraday Future receives £1.5 billion investment ahead of FF 91 production
Volkswagen Wolfsburg to halt production for 1-2 days a week amid WLTP delays
Volkswagen willl halt production one to two days per week at its Wolfsburg factory, starting in August and ending in late September, because authorities are taking longer than expected to certify cars under the new, more realistic Worldwide Harmonised Light Vehicle Test Procedure (WLTP) emissions tests. Reuters reports that Volkswagen’s Zwickau plant will also be… Continue reading Volkswagen Wolfsburg to halt production for 1-2 days a week amid WLTP delays