Tag: Tier 1 Suppliers

Volkswagen confirms sales revenue and profit target

The Volkswagen Group continued to grow during the first nine months of the fiscal year and is well on track to achieve its sales revenue and profit target. Despite the switch to the new WLTP test procedure, which resulted in the anticipated temporary third-quarter decline in unit sales particularly in Europe, the Group’s key figures… Continue reading Volkswagen confirms sales revenue and profit target

Exclusive: Bentley warns worst case no deal Brexit would hit profitability, investment

LONDON (Reuters) – The boss of carmaker Bentley said failure to reach a Brexit deal would be quite damaging to annual profit in the worst case scenario, limit the company’s ability to invest and could lead to its plant closing for an additional few days. The Bentley logo is pictured on the company’s’ stand during… Continue reading Exclusive: Bentley warns worst case no deal Brexit would hit profitability, investment

Volkswagen, Mobileye and Champion Motors to Invest in Israel and Deploy First Autonomous EV Ride-Hailing Service

The Volkswagen Group, Mobileye, an Intel Company, and Champion Motors announced plans to deploy Israel’s first self-driving ride hailing service – or Mobility-as-a-Service (MaaS) starting next year. For this, the partners are planning to establish a Joint Venture. The planned cooperation is subject to approval by the responsible authorities and bod-ies. Operating as “New Mobility… Continue reading Volkswagen, Mobileye and Champion Motors to Invest in Israel and Deploy First Autonomous EV Ride-Hailing Service

Vehicle Connectivity Thanks to Intelligent Antennas: Continental Acquires Automotive Division from Kathrein

“ Key technology of connected mobility: considerable growth expected on the automotive antenna market Acquisition follows a successful and long-standing relationship between Kathrein Automotive and Continental Board Member Helmut Matschi: “There would be no connectivity without antennas. High-performance intelligent antennas are the key technology for holistic vehicle connectivity.” Continental takes over the entire workforce Regensburg,… Continue reading Vehicle Connectivity Thanks to Intelligent Antennas: Continental Acquires Automotive Division from Kathrein

(LEAD) Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs

(ATTN: ADDS Jan-Sept results in last para) SEOUL, Oct. 26 (Yonhap) — South Korea’s leading auto parts maker, Hyundai Mobis Co., said Friday its net profit fell 6.8 percent in the third quarter from a year earlier on the won’s strength and recall-related costs. Net profit for the three months ending on Sept. 30 fell… Continue reading (LEAD) Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs

Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs

SEOUL, Oct. 26 (Yonhap) — South Korea’s leading auto parts maker, Hyundai Mobis Co., said Friday its net profit fell 6.8 percent in the third quarter from a year earlier on the won’s strength and recall-related costs. Net profit for the three months ending Sept. 30 fell to 449.65 billion won (US$394 million) from 482.24… Continue reading Hyundai Mobis Q3 net falls 6.8 pct on strong won, recall costs