BERLIN (Reuters) — Porsche Chief Executive Oliver Blume will take over from Herbert Diess as CEO of Volkswagen, the carmaker said on Friday, after a supervisory board vote forced Diess to step down from his four-year tenure following a series of missteps over strategy and communication style. Sources with knowledge of the matter said the… Continue reading Volkswagen CEO Herbert Diess ousted after tumultuous tenure
Tag: Tesla
Cleantechnica: 26% of New Car Sales in Germany Have a Plug, 14% Fully Electric 002127
With several disruptions affecting it, the overall German automotive market is still in the red, with the market dropping 11% last month year over year. And it seems all this doom and gloom has finally got to EVs, with sales of full electric vehicles (BEVs) dropping in June by 4% year over year (YoY). There… Continue reading Cleantechnica: 26% of New Car Sales in Germany Have a Plug, 14% Fully Electric 002127
Cleantechnica: Australian Electric Vehicle Market Set To Soar 002126
In 2020, electric vehicles made up 0.8% of new vehicle sales in Australia. In the first quarter of this year, they made up more than 2% of the market. After a poor showing in quarter 2 because of the Covid-19 lockdown in Shanghai, the second half of 2022 looks like it has a rocket under… Continue reading Cleantechnica: Australian Electric Vehicle Market Set To Soar 002126
Cadillac’s Celestiq starts at $300K, will be tailored to each owner’s liking
A great vehicle can change how people see a brand. That, in a sentence, is the reason Cadillac created the extraordinary Celestiq, a show car GM Design unveiled on Instagram Friday morning. Built by hand and tailored like an exquisite suit, the electric Celestiq will be more like a Rolls-Royce than anything Cadillac’s sold since… Continue reading Cadillac’s Celestiq starts at $300K, will be tailored to each owner’s liking
VW Group CEO Herbert Diess is out
Volkswagen Group CEO Herbert Diess, the embattled executive who has survived a number of confrontations and power struggles with the board and unions over the past two years, is leaving the company. The VW AG board said Friday it has appointed Porsche boss Oliver Blume to head up the massive company that includes brands Audi,… Continue reading VW Group CEO Herbert Diess is out
Tesla Semi electric truck with impressive artwork spotted on the highway
A Tesla Semi electric truck with some impressive artwork was spotted on the highway. Based on its location, it looks like Tesla is putting the electric truck to work in its own operations. Tesla Semi might be the automaker’s most disappointing program to date. When the original prototype was unveiled in 2017, it sent waves… Continue reading Tesla Semi electric truck with impressive artwork spotted on the highway
Tesla (TSLA) is surging and the shorts are hurting
Tesla’s stock (TSLA) is surging following its Q2 2022 financial results, and the shorts are hurting on what is surprisingly still the most betted against company in the world. On Wednesday night, Tesla released its Q2 2022 financial results and beat market expectations by a considerable margin despite facing a lot of difficulties. The results have sent… Continue reading Tesla (TSLA) is surging and the shorts are hurting
Tesla strikes deal to have its own exclusive lane at US-Mexico border
Tesla has managed to strike a deal with the state of Nuevo Leon to have its own lane at the US-Mexico border, which should help the company and its suppliers get across faster. Nuevo Leon is a weirdly shaped state that managed to have its border drawn in a way that gave it a little… Continue reading Tesla strikes deal to have its own exclusive lane at US-Mexico border
VW appoints Porsche CEO to succeed Diess after tumultuous tenure
Volkswagen AG will elevate Porsche chief Oliver Blume to replace Herbert Diess, who will leave his position leading the world’s second-largest automaker in a surprise shake-up. Diess will vacate his post by Sept. 1, the company said Friday. New Chief Executive Officer Blume, who will continue his role as the head of the Porsche brand,… Continue reading VW appoints Porsche CEO to succeed Diess after tumultuous tenure
BLOG Should dealers get a commission on over-the-air sales?
Most manufacturers have some ambition in their strategic plan to generate some billions of additional profit in a few years from the sale of digital services. Inspired by companies like Apple, these are seen to be very high margin products delivered over-the-air throughout an extended period of the life of the car. This is not… Continue reading BLOG Should dealers get a commission on over-the-air sales?