Tag: BMW

Daimler profit warning upsets car industry

D The Daimler share will suffer the consequences of the lowered forecasts on Thursday. The share price of the automotive group falls by about 2.5 percent. The Daimler papers last cost just over 58 euros. Previously, they had marked with 57.65 euros the lowest level since the summer of 2016. Among the negative news about… Continue reading Daimler profit warning upsets car industry

Hyundai union threatens to take legal action if company signs up for car JV

SEOUL, June 19 (Yonhap) — Hyundai Motor Co.’s union said Tuesday it will take legal action if the company signs a contract to invest in a local car-manufacturing joint venture proposed by a municipal government. Hyundai Motor originally planned to sign an agreement with the Gwangju city government on Tuesday to become the second-largest shareholder… Continue reading Hyundai union threatens to take legal action if company signs up for car JV

Autocar confidential: Volkswagen T-Roc Cabriolet, BMW 2 Series Active Tourer, Toyota hybrids & more

This week’s snippets of automotive news include news on the Volkswagen T-Roc Cabriolet concept, the BMW 2 Series Active Tourer, Toyota hybrid powertrains and Volkswagen’s low-cost project.  Volkswagen T-Roc Cabriolet concept: The concept designs for the Volkswagen T-Roc Cabriolet, due in 2020, were so good that a production run was approved by the company’s board… Continue reading Autocar confidential: Volkswagen T-Roc Cabriolet, BMW 2 Series Active Tourer, Toyota hybrids & more

Young at heart? Mercedes cultivates its aging workforce

BERLIN (Reuters) – Too slow, inflexible, forgetful, always off sick. Those are some attitudes about older workers that carmaker Mercedes-Benz is trying to dispel as Germany grapples with the challenges of an aging society. People visit an exhibition about demografic change called ‘Ey Alter’ by carmaker Mercedes Benz in Berlin, Germany June 5, 2018. REUTERS/Axel… Continue reading Young at heart? Mercedes cultivates its aging workforce

Comment: The arrest of Audi CEO Stadler is a debacle for VW

The Munich public prosecutor has a remarkable timing: in time for the meeting of the Volkswagen-Supervisory Council in Wolfsburg on Monday She had Rupert Stadler arrested, Now he is sitting AudiChief in custody. The days of Stadler at Audi are numbered: He was on leave – provisionally, according to Handelsblatt information sales boss Bram Schot… Continue reading Comment: The arrest of Audi CEO Stadler is a debacle for VW

GM's Lansing Cadillac plant gets $175 million to build new sedans

The first 2013 Cadillac ATS compact luxury sport sedans intended for public sale are built at the Lansing Grand River assembly plant in July 2012. (Photo: John F. Martin for Cadillac) General Motors is investing $175 million in its Lansing Grand River plant, where it builds Cadillac sedans. The money will pay for new tooling and equipment to… Continue reading GM's Lansing Cadillac plant gets $175 million to build new sedans

The incarceration of the boss of Audi, a turning point for Volkswagen

Until now, the driving spheres of Volkswagen had been relatively spared by the Dieselgate. Only Martin Winterkorn, the boss of the group during the first revelations in September 2015, was pushed to the start. The detention of Rupert Stadler, one of the strongmen of the group, for “fraud” and “complicity in false certificates” of the… Continue reading The incarceration of the boss of Audi, a turning point for Volkswagen

The BMW Group and CRITICAL Software are expanding their cooperation

Munich. Following successful collaboration in the past, the BMW Group and CRITICAL Software are now planning a strategic expansion of their cooperation. The two companies have reached an agreement to form a joint venture entitled Critical TechWorks, subject to examination of and approval from the relevant competition authorities. By creating this joint venture, the BMW… Continue reading The BMW Group and CRITICAL Software are expanding their cooperation

Brabham BT62: how this 700bhp track car will bring an iconic name back to racing

Twelve years. That’s how long it has taken David Brabham to reassert control over his famous family name and then formulate a solid strategy to re-establish it as a credible player in the automotive industry. Now, following last month’s launch of the new-look Brabham Automotive and its £1m-before-tax BT62 track car, he says he’s determined to put… Continue reading Brabham BT62: how this 700bhp track car will bring an iconic name back to racing