Sergio Marchionne, one of the longest-serving CEOs in the auto industry, has a stark warning: Carmakers have less than a decade to reinvent themselves or risk being commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Carmakers have less than a decade to reinvent themselves or die, warns Sergio Marchionne
Tag: BMW
German car production stalled as union calls more 24 hour strikes
Workers attend a 24-hour strike by German industrial trade union IG Metall in Berlin, German. [Photo/Agencies] FRANKFURT – Car factories across Germany were at a standstill on Friday as industrial workers staged a third day of 24-hour strikes, focusing on plants owned by Mercedes-Benz, Porsche, Audi and BMW. The full-day walkouts were union IG Metall’s… Continue reading German car production stalled as union calls more 24 hour strikes
Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh
Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh Launches its range of all-electric vehicles – e2oPlus, eVerito and eSupro in Uttar Pradesh e-Alfa Mini, Mahindra’s electric rickshaw for passenger movement, was launched in Uttar Pradesh, in September, 2017 Vehicles to be available in Lucknow, Agra and Kanpur Lucknow, February 5, 2018: Mahindra &… Continue reading Mahindra Drives its Electric Range of Vehicles to Uttar Pradesh
Nissan reports nine-month results for fiscal year 2017
YOKOHAMA, Japan (February 8, 2018) – Nissan Motor Co., Ltd. today announced financial results for the nine-month period to December 31, 2017. Nissan generated an operating profit of 364.2 billion yen on net revenues of 8.53 trillion yen, equivalent to an operating margin of 4.3%. During the period, the Group’s performance was adversely impacted by… Continue reading Nissan reports nine-month results for fiscal year 2017
High demand: Electric cars barely to get
Hyundai Ioniq Electric (Image: Hyundai) First sell yourself electric cars bad, now the manufacturers can not deliver: the electric Smart, the E-Golf or the Hyundai Ioniq Electric are virtually impossible to get. Manufacturers often misjudged demand. Manufacturers can not keep up with the growing demand for electric cars. Customers have to wait a long time… Continue reading High demand: Electric cars barely to get
Subaru Corporation Announces Consolidated Financial Results For the Nine Months of FYE 2018
Tokyo, February 8, 2018 – Subaru Corporation today announced its consolidated financial results for the first nine months of fiscal year ending March 31, 2018. < Results for April-December 2017: Consolidated Net Sales >Global sales of Subaru vehicles rose 2.0% to 802,000 units. Unit sales in Japan grew 12.6% to 119,000 units, as strong sales… Continue reading Subaru Corporation Announces Consolidated Financial Results For the Nine Months of FYE 2018
Big Car-Auction Firm KAR Buys SF Mobility Support Startup Stratim
With an eye toward a greater role in the future of mobility services, the big Indiana used-car auction company KAR announced Wednesday it acquired Stratim, a software startup that organizes maintenance and repairs for car-sharing fleets. Carmel, IN-based KAR (NYSE: KAR) says Stratim not only augments its core auction business, but also bolsters its advances… Continue reading Big Car-Auction Firm KAR Buys SF Mobility Support Startup Stratim
Mobility services platform Stratim, formerly known as Zirx, sells to KAR
On the heels of its rebrand in November, mobility service STRATIM has sold itself to KAR Auction Services, a car remarketing company. Terms of the deal were not disclosed. STRATIM, formerly known as on-demand valet and car services startup ZIRX, powers fleet management for more than 50 companies, including BMW (DriveNow), General Motors (Maven), Ford… Continue reading Mobility services platform Stratim, formerly known as Zirx, sells to KAR
Nio advertises in Germany
The Chinese startup Nio is looking for specialists in Germany. Nio wants to build autonomous electric cars, like many other startups too, and holds the speed record for autonomous driving. For the development one needs money and especially professionalsthat you obviously look for in Germany. So you have already made an offer to BMW employees,… Continue reading Nio advertises in Germany
Volkswagen and Daimler report bottlenecks: Caught in the German electric car production hell
All articles and backgrounds 07/02/2018 Volkswagen and Daimler report bottlenecks trapped in German electric car production hell Volkswagen AG Gläserne Manufaktur in Dresden: This is where the E-Golf comes into being – in small numbers When it comes to e-Golf, Bernd Glathe is currently out of the picture. When customers look for the electric car… Continue reading Volkswagen and Daimler report bottlenecks: Caught in the German electric car production hell