NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
Tag: BMW
55 new models between 2018 and 2022: electric cars – Volkswagen is announcement world champion
All articles and backgrounds 05/11/2018 55 new models between 2018 and 2022 Electric cars – Volkswagen is announcement world champion Is the electromobility the future of auto industry? At least one big automaker seems to have decided on it: like the graphics of Statista shows, Volkswagen has by far the most new electric car models… Continue reading 55 new models between 2018 and 2022: electric cars – Volkswagen is announcement world champion
Bentley Flying Spur PHEV to use Panamera hybrid powertrain
Bentley will equip its first plug-in hybrid Flying Spur with the electrified powertrain of the Porsche Panamera 4 E-Hybrid. Insurance database information shows that a recently spotted development car, caught on camera in London by Autocar reader Chris Thomson, is using the 2.9-litre V6 engine that’s also used by the Porsche saloon, rather than the 3.0-litre unit… Continue reading Bentley Flying Spur PHEV to use Panamera hybrid powertrain
Subaru Corporation Announces Consolidated Financial Results for FYE2018
Tokyo, May 11, 2018 – Subaru Corporation today announced its consolidated financial results for the fiscal year ended March 31, 2018. < FYE2018 Results: Consolidated Net Sales >Global sales of Subaru vehicles increased 0.2% to 1,067,000 units.Unit sales in Japan rose 2.8% to 163,000 units, as passenger car sales driven by the Impreza and the… Continue reading Subaru Corporation Announces Consolidated Financial Results for FYE2018
A peek at BMW’s self-driving ride-hailing plans
Automakers are trying to figure out where they fit in the autonomous-driving future. With sales falling, some of these companies are exploring the idea of becoming ride-hailing services too. BMW is one of them and during the opening of its autonomous Driving Campus in Germany, it offered rides in an autonomous 7 Series that gave… Continue reading A peek at BMW’s self-driving ride-hailing plans
ReachNow car-sharing service partners with Intel in Portland; ends free-floating model in Brooklyn
BMW’s ReachNow will offer two designated drop-off zones in Seattle next month. (GeekWire Photo / Kurt Schlosser) ReachNow today announced a new partnership with Intel to provide easy accessibility to its car-sharing service at the company’s four campuses in Hillsboro, Ore. BMW-owned ReachNow has created dedicated parking spaces near major entrances at the tech giant’s… Continue reading ReachNow car-sharing service partners with Intel in Portland; ends free-floating model in Brooklyn
Rolls-Royce boss Torsten Muller-Otvos on the new Cullinan
The hotly anticipated Cullinan is finally here, so we’ve caught up with the boss of the brand, Torsten Müller-Otvos, to gauge what impact it’s likely to have on his company. Just how important to Rolls-Royce’s future is the launch of Cullinan? It’s enormously important. Cullinan redefines the parameters of super-luxury travel. Our customers have been… Continue reading Rolls-Royce boss Torsten Muller-Otvos on the new Cullinan
Roll-Royce boss Torsten Mueller-Otvoes on the new Cullinan
The hotly anticipated Cullinan is finally here, so we’ve caught up with the boss of the brand, Torsten Mueller-Otvoes, to gauge what impact it’s likely to have on his company. Just how important to Rolls-Royce’s future is the launch of Cullinan? It’s enormously important. Cullinan redefines the parameters of super-luxury travel. Our customers have been… Continue reading Roll-Royce boss Torsten Mueller-Otvoes on the new Cullinan
Rolls-Royce Cullinan revealed: exclusive pictures of luxury SUV
Rolls-Royce has bitten the bullet. Officially it’s only three years since CEO Torsten Mueller-Otvoes revealed that his Goodwood-based company was planning a super-luxury SUV to sit at the very top of the SUV market to trump Range Rover, Bentayga and the rest. But by that stage the Rolls off-roader idea had been simmering for a… Continue reading Rolls-Royce Cullinan revealed: exclusive pictures of luxury SUV
UPDATE 5-Ford says lost truck production will hit 2nd qtr earnings
DETROIT (Reuters) – Ford Motor Co (F.N) is working with a key supplier to shift some parts production from Michigan to Ontario, Canada, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans. The Ford logo is seen… Continue reading UPDATE 5-Ford says lost truck production will hit 2nd qtr earnings