STUTTGART, Germany, Dec. 3, 2020 /PRNewswire/ — The Supervisory Board of Daimler AG is facing significant personnel changes. At the end of the Annual Shareholders’ Meeting on March 31, 2021, the term of office of the longstanding Chairman, Manfred Bischoff, will expire and he will step down from the Supervisory Board. With him, Petraea Heynike and… Continue reading Proposals for new appointments to the Daimler Supervisory Board and for its chair
Tag: VW
@VW Group: 2021 Arteon: a brand halo evolved and sharpened
Dec 2, 2020 Updated brand halo offers a new front end, greater levels of interior refinement, advanced connectivity and new driver assistance options 268hp four-cylinder TSI® engine; FWD or available Volkswagen 4Motion® Tech-focused standard features include: Volkswagen Digital Cockpit, Climatronic® Touch, MIB3 infotainment with wireless App-Connect, enhanced voice recognition, USB-C charging, an upgraded navigation system,… Continue reading @VW Group: 2021 Arteon: a brand halo evolved and sharpened
@VW Group: Audi increases budget for electromobility up to 2025
With its investment planning for the next five years, AUDI AG is pushing ahead its transformation to a provider of networked and sustainable premium mobility: with a total amount of approximately € 35 billion, investments remain at a high level, especially for future vehicle projects, in spite of a difficult business environment. Some € 17… Continue reading @VW Group: Audi increases budget for electromobility up to 2025
Bentley books planes to bring in parts in event of no-deal Brexit
Automotive industry CEO says carmaker is ‘ready to jump off a cliff with a parachute that hasn’t been tested’ Bentley cars coming off the production line in Crewe. Photograph: Phil Noble/Reuters Bentley has lined up five cargo planes to fly in car parts if there is disruption at the UK border in the event of… Continue reading Bentley books planes to bring in parts in event of no-deal Brexit
Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
Self-driving trucks startup TuSimple has closed a $350 million funding round from a diverse consortium of strategic investors that include major U.S. corporations in rail, retail and freight, according to sources familiar with the deal. The round, which was oversubscribed, was led by VectoIQ LLC, confirming a report by TechCrunch in September. VectoIQ is the consulting… Continue reading Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
Bentley hires jets to fly car parts to Britain during Brexit
By Reuters Staff 3 Min Read FRANKFURT (Reuters) – Bentley, the luxury carmaker owned by Volkswagen has booked five Antonov cargo jets to help overcome potential supply bottlenecks in the event of a disorderly exit of Britain from the European Union, the carmaker said on Wednesday. FILE PHOTO: A Bentley logo is pictured on a… Continue reading Bentley hires jets to fly car parts to Britain during Brexit
VW’s Hitzinger says complexity of new cars to drive consolidation
By Reuters Staff 2 Min Read FILE PHOTO: The new electric Volkswagen model ID. 4 is shown during a media presentation in Zwickau, Germany, September 18, 2020. Picture taken September 18. REUTERS/Matthias Rietschel/File Photo FRANKFURT (Reuters) – The auto industry faces a new wave of consolidation as cars become electric, connected and add highly automated… Continue reading VW’s Hitzinger says complexity of new cars to drive consolidation
Nissan sets up new business unit for African region
By Reuters Staff 2 Min Read FILE PHOTO: The brand logo of Nissan Motor Corp. in Yokohama, south of Tokyo, Japan July 14, 2020. REUTERS/Issei Kato/File Photo JOHANNESBURG (Reuters) – Japanese automotive group Nissan is to set up a new regional business unit for Africa as it seeks to boost manufacturing capacity and penetrate one… Continue reading Nissan sets up new business unit for African region
Elon Musk would consider having Tesla acquire a legacy automaker
Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Döpfner. Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses,… Continue reading Elon Musk would consider having Tesla acquire a legacy automaker
Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)
Volkswagen’s CEO is facing a vote of confidence from the automaker’s board this week. Herbert Diess has reportedly ruffled feathers internally as he pushed for corporate change and more investment in electric vehicles. In a new blog post, he outlined how Volkswagen formed ‘Mission T’ to take on Tesla and electrify all its brands. Visit… Continue reading Volkswagen unveils ‘Mission T’ to catch up to Tesla — and has tapped a Porsche race-car engineer to help make it happen (TSLA, VW)