Volkswagen made good progress in its transformation into a tech company in the first year of its ACCELERATE strategy. Important milestones were achieved in 2021 with respect to the key elements of e-mobility, digitalization and new business models. At the same time, the company gave a sustained boost to efficiency in a challenging competitive environment:… Continue reading @VW Group: One year of ACCELERATE strategy: Volkswagen strengthens efficiency and speeds up transformation004749
Tag: VW
German FAZ: VW customers have to wait a long time for electric cars002869
cmu. Hamburg ⋅ Anyone who currently orders an electric car from the Volkswagen Group has to accept long delivery times. Some models are sold out for 2022, such as the Audi Q4 E-tron, for which buyers in Germany have to wait a year and a half. The group has imposed an order freeze for some… Continue reading German FAZ: VW customers have to wait a long time for electric cars002869
BMW to prioritise EVs amid Ukraine crisis, chip troubles
A logo of German luxury carmaker BMW, is seen ahead of the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder Register now for FREE unlimited access to Reuters.com Register SummaryCompaniesEBIT margin of 7-9% forecast for car unitChip crisis to last all yearFive new battery partnerships to comeResuming production at German plants… Continue reading BMW to prioritise EVs amid Ukraine crisis, chip troubles
German Handelsblatt: Volkswagen: Crises force core brand Volkswagen to save003984
Auf Sparkurs – Volkswagen in Wolfsburg Volkswagen-Kraftwerk in Wolfsburg: Die vielen Krisen in der Welt zwingen Europas größten Autohersteller zum Sparen. (Foto: Bloomberg) Volkswagens Kernmarke muss sparen. Anders sind die massiv steigenden Kosten nicht mehr auszugleichen: Rohstoffe, Gas und Strom werden rasant teurer. Wegen des Ukrainekriegs fehlen wichtige Bauteile, die Produktion ruht in Teilen. Zusätzlich erlebt… Continue reading German Handelsblatt: Volkswagen: Crises force core brand Volkswagen to save003984
Nexteer Reports Full Year 2021 Financial Results
AUBURN HILLS, Mich., March 16, 2022 /PRNewswire/ — Nexteer Automotive today reported annual results for its fiscal year ended December 31, 2021. Although 2021 provided another challenging operating environment resulting from the ongoing global pandemic which brought unprecedented supply chain constraints and inflationary pressures to the automotive industry broadly, Nexteer continued to execute its long-term… Continue reading Nexteer Reports Full Year 2021 Financial Results
Europa Wire: Volkswagen Group’s NEW AUTO Strategy: emission-free, autonomous future of mobility000274
Volkswagen Group’s NEW AUTO Strategy: emission-free, autonomous future of mobility Successful BEV-run up: No. 1 in Europe, No. 2 in the US, China increased more than fourfold Enhanced overall resilience: overhead costs significantly reduced, high capex discipline, break-even lowered Profit doubled to 20 billion EUR and return on sales increased to 8 percent (2020: 4,8)… Continue reading Europa Wire: Volkswagen Group’s NEW AUTO Strategy: emission-free, autonomous future of mobility000274
Dexter, a Subsidiary of DexKo Global Inc., Acquires HiSpec Wheel & Tire, Inc.
NOVI, Mich., March 15, 2022 /PRNewswire/ — DexKo Global Inc., the global leader in highly engineered trailer running gear, chassis assemblies, and related components, announces that its wholly-owned subsidiary, Dexter Axle Company (“Dexter”) has acquired HiSpec Wheel & Tire, Inc. (“HiSpec”) located in Mishawaka, IN. Established in 1995, HiSpec designs and provides aluminum and steel wheels, tires,… Continue reading Dexter, a Subsidiary of DexKo Global Inc., Acquires HiSpec Wheel & Tire, Inc.
@VW Group: Porsche SE and Bridgepoint acquire Econolite Group004745
Stuttgart, 14 March 2022. Porsche Automobil Holding SE (Porsche SE), Stuttgart, and Bridgepoint Advisers Limited (Bridgepoint), London, UK, jointly acquire Econolite Group (Econolite), Anaheim, California, USA. Together with the joint portfolio company PTV Planung Transport Verkehr GmbH (PTV), Karlsruhe, Germany, this will create a fully integrated provider of market leading mobility solutions. Econolite’s product portfolio,… Continue reading @VW Group: Porsche SE and Bridgepoint acquire Econolite Group004745
@VW Group: Porsche SE closes partial sale of PTV to partner Bridgepoint004744
Stuttgart, 1 February 2022. On 31 January 2022, Porsche Automobil Holding SE (Porsche SE), Stuttgart, closed the transfer of 60 percent of its investment in PTV Planung Transport Verkehr AG (PTV) to Bridgepoint Advisers Limited (Bridgepoint), London, UK, after having obtained the regulatory approvals. PTV’s growth strategy will be consistently pursued in the new shareholder structure and… Continue reading @VW Group: Porsche SE closes partial sale of PTV to partner Bridgepoint004744
@VW Group: BUGATTI FORGES NEW PARTNERSHIP WITH SEGOND AUTOMOBILES GROUP OF MONACO004745
The walls of Monaco’s streets echo with the sound of motor racing history, as well as Bugatti’s own racing heritage. 92 years ago in 1929, the iconic Circuit de Monaco held its very first Grand Prix, won in unforgettable fashion by none other than William “Williams” Charles Frederick Grover in his Bugatti Type 35B. On… Continue reading @VW Group: BUGATTI FORGES NEW PARTNERSHIP WITH SEGOND AUTOMOBILES GROUP OF MONACO004745