A noticeable recovery in the markets and a stabilization of business operations: After a very challenging first half of the year against the backdrop of the corona pandemic, the Audi Group is now catching up operationally and financially. Deliveries and revenue in the third quarter were both higher than in the prior-year period and operating… Continue reading @VW Group: On track: Audi Group achieves breakeven thanks to strong third quarter
Tag: VW
Ducati Records Best Third Quarter Ever Despite Complex Global Situation
2020 has been an extremely complex year due to the COVID-19 pandemic. Ducati, putting the safety of its employees first, immediately adopted all the necessary preventive measures (remote working and production stop of six weeks right at the peak of the season), reacting in a fast and flexible way to the changes imposed by the… Continue reading Ducati Records Best Third Quarter Ever Despite Complex Global Situation
@BMW: “Cobalt for Development” project started trainings for mining cooperatives in Kolwezi, Democratic Republic of Congo000696
Kolwezi, Democratic Republic of Congo – The cross-industry initiative “Cobalt for Development” has started trainings for twelve artisanal mining cooperatives in October in Kolwezi, Democratic Republic of Congo (DR Congo). The trainings cover major environmental, social and governance aspects for responsible mining practices. This includes mine site management and legal compliance, human rights, health and… Continue reading @BMW: “Cobalt for Development” project started trainings for mining cooperatives in Kolwezi, Democratic Republic of Congo000696
@VW Group: Bugatti Bolide – what if …
The idea – what if? An experiment. “Bugatti stands for the continuous quest for technological innovations – in alignment with the company’s brand values of excellence, courage, dedication. And Bugatti never stands still. We are perpetually aiming for new and exciting goals, and the question that we always keep in mind is: what if?” says Stephan… Continue reading @VW Group: Bugatti Bolide – what if …
Visteon Announces Third-Quarter 2020 Results
Net sales of $747 million; 3% increase Y/Y excluding currencyNet income of $6 million or $0.21 per diluted shareAdjusted net income of $38 million or $1.36 per diluted share, excluding restructuring chargesAdjusted EBITDA of $87 million, 11.6% of sales$1.5 billion in new business wins and record 23 new product launches in Q3Repaid $400 million on… Continue reading Visteon Announces Third-Quarter 2020 Results
@VW Group: Volkswagen Group returns to profitability
The Volkswagen Group’s business was heavily impacted by the Covid-19 pandemic in first nine months of 2020, but recovered noticeably in the third quarter. This means that the declines in deliveries, sales revenue and profit as of the end of September were significantly more moderate than at the half-year mark. The countermeasures initiated worldwide to… Continue reading @VW Group: Volkswagen Group returns to profitability
Tesla’s Autopilot was once again beaten by Cadillac Super Cruise, Consumer Reports finds (TSLA, GM)
Tesla’s poor track record of keeping drivers engaged while Autopilot is on cost the automaker significant points in Consumer Reports’ latest ranking of driver-assistance systems. The magazine’s second-ever ranking of the software systems included 17 brands this year, up from just 7 in 2018, and Cadillac’s Super Cruise from General Motors still reigns supreme. Tesla’s… Continue reading Tesla’s Autopilot was once again beaten by Cadillac Super Cruise, Consumer Reports finds (TSLA, GM)
VW recalls Jettas to fix fuel leaks that can cause fires
Detroit – Volkswagen is recalling more than 218,000 Jetta sedans in the U.S. to fix a fuel leak problem that can cause fires. The recall covers certain cars from the 2016 through 2018 model years. Volkswagen says in documents posted Wednesday by U.S. safety regulators that bolts holding some high-pressure tubing can come loose over… Continue reading VW recalls Jettas to fix fuel leaks that can cause fires
German Handelsblatt: Shareholder action: model plaintiff against Porsche in the diesel scandal is established000663
Annual General Meeting of Porsche SE (archive image) Did the Volkswagen parent inform you in good time about the financial consequences of the diesel scandal? (Photo: dpa) Frankfurt The affair of manipulated diesel vehicles has costly consequences for the Volkswagen Group. After the car owners, the investors are also demanding compensation. The VW parent, Porsche… Continue reading German Handelsblatt: Shareholder action: model plaintiff against Porsche in the diesel scandal is established000663
@VW Group: TRATON and Hino start E-Mobility Joint Venture
TRATON SE (TRATON) and Hino Motors, Ltd. (Hino) have signed a joint venture agreement for e-mobility in order to plan and provide e-mobility products that will be based on the two companies’ strategic partnership to offer customers the highest value. TRATON and Hino will combine their unique strengths to consequently develop electric vehicles including battery… Continue reading @VW Group: TRATON and Hino start E-Mobility Joint Venture