co-pace gives entrepreneurs the freedom and resources to grow; accelerates Continental’s agility and innovation Participant in first co-pace cohort launches a new company, PassiveBolt, in Ann Arbor, Michigan Support of creativity and entrepreneurship cements Continental as an employer of choice Auburn Hills, Mich., March 12, 2019 – After launching co-pace in 2017, the startup organization… Continue reading Continental’s Entrepreneurship Incubator Produces First Spin-Off Company
Category: Automotive
Volkswagen warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models… Continue reading Volkswagen warns on jobs as margins slip, electric plans accelerate
Volkswagen to unveil U.S. plan at end of first quarter, mulls further China steps in 2019
Herbert Diess, CEO of German carmaker Volkswagen is surrounded by media during the annual news conference at the Volkswagen plant in Wolfsburg, Germany March 12, 2019. REUTERS/Fabian Bimmer WOLFSBURG (Reuters) – Volkswagen will decide whether it makes sense to raise its stake in Chinese joint venture companies toward the end of this year or beginning… Continue reading Volkswagen to unveil U.S. plan at end of first quarter, mulls further China steps in 2019
UPDATE 4-VW warns on jobs as margins slip, electric plans accelerate
WOLFSBURG, Germany (Reuters) – Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday. The company said it planned to launch almost 70 new electric models… Continue reading UPDATE 4-VW warns on jobs as margins slip, electric plans accelerate
Israeli Co-Op Brings Carsharing to Rural Areas
Meshek Energy will operate the charging stations, and residents will be able to rent the vehicles by hour and pay by distance traveled. Photo via Werner Hillebrand-Hansen/Wikimedia. Meshek Energy, a branch of Israel’s Kibbutz Economies Group, is launching an electric carsharing service in rural areas, according to CTech. The agricultural cooperative has reportedly acquired dozens of Renault… Continue reading Israeli Co-Op Brings Carsharing to Rural Areas
Infiniti pulls out of Europe
Infiniti is pulling out of Western Europe after Nissan’s premium arm was no longer considered a viable business here. Production of the firm’s two UK-built models, the Q30 and QX30, will end at Nissan’s Sunderland plant in July. The company will cease all European operations from early 2020. The move is part of a wider… Continue reading Infiniti pulls out of Europe
Ford readies new Fiesta-based small SUV to replace Ecosport
New images show Ford’s Fiesta-based small SUV, which will replace the Ecosport in the firm’s range, carrying out winter testing. The new compact crossover has been photographed sporting heavily disguised Fiesta-based bodywork but with a clear SUV-style raised ride height. The as-yet-unnamed model, which could retain the Ecosport nameplate or take on a new identity more closely aligned to the… Continue reading Ford readies new Fiesta-based small SUV to replace Ecosport
CORRECTED-GM’s Cruise unit to double headcount (March 11)
FILE PHOTO: A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. REUTERS/Heather Somerville (The March 11 story corrects paragraph 1 to clarify statement was from General Motors unit Cruise) (Reuters) –… Continue reading CORRECTED-GM’s Cruise unit to double headcount (March 11)
UPDATE 1-CERAWEEK-Ford chairman praises CEO, mulls lithium venture
HOUSTON (Reuters) – Ford Motor Co Executive Chairman Bill Ford said on Tuesday that he is very confident in Chief Executive James Hackett’s leadership and that the automaker is considering striking supply deals with a lithium producer. FILE PHOTO – Newly named Ford Motor Company president and CEO James Hackett answers questions from the media… Continue reading UPDATE 1-CERAWEEK-Ford chairman praises CEO, mulls lithium venture
Volkswagen: Careful approach in the power struggle at VW
Wolfsburg, FrankfurtBernd Osterloh is at the balance sheet press conference from Volkswagen physically not present. Actually, such events are about the numbers – not the works council. And yet Osterloh is the central theme – also for the CEO Herbert dies, “Osterloh is sometimes difficult to judge because he often acts emotionally and spontaneously,” says… Continue reading Volkswagen: Careful approach in the power struggle at VW