A logo on the Aston Martin DBX at the Aston Martin Lagonda factory in Barry, Wales, Britain February 21, 2020. REUTERS/Rebecca Naden/Pool/File Photo Register now for FREE unlimited access to Reuters.com Register Sees FY adj core profit 15 mln stg lower than expected Expects year-end cash balance of about 420 mln stg Demand for SUV… Continue reading Aston Martin sales surge, Valkyrie delays hit profit
Tag: VW
@VW Group: ŠKODA AUTO and Etnetera Group establish software joint venture004431
“The foundation of Green:Code together with our partner Etnetera Group is a further step in the implementation of the NEXT LEVEL – ŠKODA STRATEGY 2030. Together with the strong software resources from the Volkswagen Group, Green:Code will help to create modern simply clever solutions and increase the speed of digitalization.” Christian Schenk, ŠKODA AUTO Board… Continue reading @VW Group: ŠKODA AUTO and Etnetera Group establish software joint venture004431
Rivian drops below IPO price as Amazon to buy electric vans from rival
Lossmaking truck start-up’s valuation had soared above Volkswagen, Ford and GM Go to Source
VW sets a date for the reveal of its production-ready electric Microbus
Nearly five years after it first revealed its ID Buzz concept at the Detroit auto show, Volkswagen is finally ready to show off a production-ready version of the beloved vehicle. VW CEO Herbert Diess tweeted that the “legend returns” on March 9th, along with a gif of the automaker’s iconic Microbus. A staple of coastal… Continue reading VW sets a date for the reveal of its production-ready electric Microbus
Marelli announces CEO succession plans
Dinesh Paliwal, Partner at KKR and Executive Chairman, Marelli, said, “I want to thank Beda for his dedication and his commitment to Marelli during his tenure. He has led this company through what has been an incredibly challenging period for the industry. He laid out and started implementing the vision for Marelli to grow its… Continue reading Marelli announces CEO succession plans
David Slump succeeds Beda Bolzenius as Marelli’s new CEO
Leading global automotive supplier, Marelli has announced that following almost four years with the company, Beda Bolzenius is retiring and will stand down as CEO and president. He will be succeeded by David Slump effective immediately. Dinesh Paliwal, partner at KKR and executive chairman, Marelli said, “I want to thank Beda for his dedication and… Continue reading David Slump succeeds Beda Bolzenius as Marelli’s new CEO
German Handelsblatt: READING RECOMMENDATION FROM THE HANDELSBLATT EDITOR: So that the combustion engine survives – Porsche takes a risky bet on synthetic gasoline003619
Porsche 911 GTS For Porsche, it is important to secure the future of the iconic 911 sports car. Porsche hopes to be able to continue building the cult car with e-fuels even in the era of electromobility. (Photo: Porsche) Düsseldorf, Stuttgart It is only a short sentence in the coalition agreement of the new federal… Continue reading German Handelsblatt: READING RECOMMENDATION FROM THE HANDELSBLATT EDITOR: So that the combustion engine survives – Porsche takes a risky bet on synthetic gasoline003619
@VW Group: Brose and Volkswagen launch joint venture Brose Sitech for seat systems004430
Brose Sitech has been operating on the global market as an independent supplier of seat systems since January 1, 2022. The cooperation partners Brose and Volkswagen each hold a 50 percent stake in the joint venture. The headquarters is Polkowice in Poland. Around 5,000 employees work at a total of eight sites in Poland, Germany,… Continue reading @VW Group: Brose and Volkswagen launch joint venture Brose Sitech for seat systems004430
Volvo, Daimler and Traton to build high-power charging network for commercial EVs in Europe
Commercial vehicle manufacturers Volvo Group, Daimler Truck and the Traton Group have agreed to create a joint venture to build and operate a high-power public charging network for heavy-duty long-haul trucks and coaches across Europe. The planned JV, which will be equally owned by the three firms, is scheduled to start operations in 2022. The… Continue reading Volvo, Daimler and Traton to build high-power charging network for commercial EVs in Europe
@Tata-JLR: Why we invested in Bumper, the UK’s leading ‘Buy Now Pay Later’ payment provider for car repairs
InMotion Ventures has participated in a $12m Series A round for Bumper, a UK-based startup providing buy now pay later (BNPL) services for car repair financing. The round was led by Autotech Ventures and we are joined by Porsche Ventures. Louis Fearn, Associate at InMotion Ventures, explores why we invested. Market Landscape: Buy Now Pay… Continue reading @Tata-JLR: Why we invested in Bumper, the UK’s leading ‘Buy Now Pay Later’ payment provider for car repairs