A Porsche 911 GT2 RS has broken the production car Nürburgring lap record by 4.747 seconds, taking the new time down to 6 minutes 43.30 seconds at an average speed of 115.5mph. The previous time has been set by a Mercedes-AMG GT Black Series. Lars Kern was the man behind the wheel, a Porsche works driver… Continue reading Porsche breaks Nurburgring production car lap record
Tag: VW
German Manager Magazin: Billion offer rejected: Europcar dumps Volkswagen 000897
The French car rental company Europcar apparently has a multi-billion dollar takeover offer from the car manufacturer Volkswagen declined. The VW group offered 44 euro cents per share earlier this month, reported the Bloomberg news agency on Wednesday, referring to people familiar with the matter. That would correspond to a company valuation of around 2.2… Continue reading German Manager Magazin: Billion offer rejected: Europcar dumps Volkswagen 000897
German Manager Magazin: Volkswagen AG: Now Ralf Brandstätter should save billions000896
Restore iTunes subscription manager + is processed via your iTunes account and paid for with a purchase confirmation. 24 hours before it expires, the subscription is automatically renewed by one month at the current price of € 24.99. You can cancel the subscription at any time in the settings of your iTunes account. In order… Continue reading German Manager Magazin: Volkswagen AG: Now Ralf Brandstätter should save billions000896
Auto transport firm Gefco put up for sale: sources
In 2020, factory and dealership closures and delayed purchases by consumers due to the pandemic led to a 20% slide in turnover to 3.8 billion euros, while recurring EBIT fell 32% to 140 million. Car markets have since rebounded and European car registrations surged 74% in May, rising for the third month in row. FRANKFURT:… Continue reading Auto transport firm Gefco put up for sale: sources
Sputtering Nissan-Renault alliance stirs shareholder unrest
TOKYO — Nissan Motor’s general shareholders meeting Tuesday spotlighted the struggles of the automaker’s alliance with Renault and Mitsubishi Motors, a partnership that initially promised to rival the likes of Toyota Motor and Volkswagen. Nissan CEO Makoto Uchida apologized to investors for the gap that has opened between Nissan and its rivals, and also for… Continue reading Sputtering Nissan-Renault alliance stirs shareholder unrest
Northvolt, founded by a former Tesla exec, is Europe’s $11.75 billion battery hope. It has a public listing in its sights.
The Swedish startup Northvolt announced Monday it had raised an additional $2.75 billion. The electric-vehicle-battery maker counts Volkswagen, Goldman, and Spotify’s CEO among its backers. CEO Peter Carlsson said the company will eventually need to draw on funds from public markets. See more stories on Insider’s business page. A Swedish startup that is building one… Continue reading Northvolt, founded by a former Tesla exec, is Europe’s $11.75 billion battery hope. It has a public listing in its sights.
World NM: BMW Reportedly Wants to Cut Production Costs by 25% Within the Next Five Years001345
According to BMW board member Milan Nedeljkovic, who’s in charge of production for the Bavarian brand, his company will significantly reduce its production costs by the middle of this decade in an attempt to keep up with rivals such as the VW Group, Daimler, and of course, Tesla. “We will lower the production costs per… Continue reading World NM: BMW Reportedly Wants to Cut Production Costs by 25% Within the Next Five Years001345
HDT Automotive to Acquire Veritas AG
LIVONIA, Mich., June 23, 2021 /PRNewswire/ — HDT Automotive Solutions LLC has agreed to acquire Veritas AG, an automotive supplier headquartered in Gelnhausen, Germany, with expertise in elastomers, plastics and metal for fluid, thermal and sealing management systems. The transaction is expected to close at the end of October 2021, subject to several conditions including obtaining… Continue reading HDT Automotive to Acquire Veritas AG
VW’s Diess sees autonomy transforming cars more than electrification – Automotive News
CEO says automaker’s joint efforts with Ford on self-driving vehicles are making good progress June 22, 2021 01:09 PM Bloomberg {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{^main_image_url}} {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{/content}} ]]> Volkswagen Group is undergoing the world’s largest industrial overhaul for the electric-vehicle… Continue reading VW’s Diess sees autonomy transforming cars more than electrification – Automotive News
Lancia’s revival plan focuses on electrification, design, expansion outside Italy – Automotive News Europe
Ploue, 58, who started his career at Renault in 1985, “will personally supervise” the creation of Lancia’s new products along with a “lean and focused team” of young designers based in Turin, Stellantis said in a release. He joined PSA Group in 1999 after a decade at Renault where he contributed to the designs of the… Continue reading Lancia’s revival plan focuses on electrification, design, expansion outside Italy – Automotive News Europe