Like most automakers the world over, Skoda Auto too has been impacted by the coronavirus pandemic. In the first half of 2020, the Skoda Group sold a total of 426,700 cars, down 31% year on year (January-June 2019: 620,900). The Skoda Group sales revenue was 7.55 billion euros (Rs 62,415 crore) in the first six… Continue reading Skoda sales down 31% in H1 2020 but still records 228m euro operating profit
Tag: VW
Audi India and Motherson Group firm set up new service facility in Delhi NCR
Audi India, along with its partner Adventure Auto Car India of the Tier 1 supplier Motherson Group has opening of a new state-of-the-art service facility in Delhi NCR. Spread over 43,000 square feet, Audi Service Delhi West houses 20 bays with an exclusive body shop facility. Audi Service Delhi West has the capacity to service… Continue reading Audi India and Motherson Group firm set up new service facility in Delhi NCR
Italian and British classics on sale at Silverstone Classics Auction – Sunday Times Driving
AN ECLECTIC group of cars are going up for sale this weekend at the Silverstone Classics Auction. Five collections comprising 110 cars encompass everything from nifty, stripped-back modern sports cars like the Zenos E10 to heritage models including a Swallow SS1, which can aptly be described as the 1930s in a car, with its black… Continue reading Italian and British classics on sale at Silverstone Classics Auction – Sunday Times Driving
Hypercar Market by 2030 Getting Ready For Future Growth | Automobili Lamborghini, Porsche 918 Spyder, mazzanti – openPR
Key players profiled in the Hypercar market includes Automobili Lamborghini, Porsche 918 Spyder, mazzanti evantra, marussia b2, Mercedes-Benz, spania gta spano, venom gt-wfe, koenigsegg one, zenvo st1, laraki, Pagani Huayra, McLaren P1, Ultima GTR, Ferrari LaFerrari, Porsche 918 Spyder, Koenigsegg Agera, Bugatti Veyron (all trims), Hennessey Venom, Lamborghini Veneno/Centenario, Rimac Concept One, and Maserati MC12.… Continue reading Hypercar Market by 2030 Getting Ready For Future Growth | Automobili Lamborghini, Porsche 918 Spyder, mazzanti – openPR
Creventic Revives Historic Coppa Florio – Dailysportscar
We’ve seen a number of innovative solutions to calendar challenges as the motorsport world grapples with the ongoing travails doled out by COVID-19. The latest comes from CREVENTIC who, in the wake of losing their date at Imola due to on-going calendar fluctuations there, and with local issues over noise also making it impossible for Imola… Continue reading Creventic Revives Historic Coppa Florio – Dailysportscar
Volkswagen Group losses mount in pandemic-impacted first half 2020
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@VW Group: TRATON GROUP sees first signs of business recovery in third quarter
The TRATON GROUP recorded lower unit sales, sales revenue, and earnings in the first six months of 2020 in the wake of the expected market downturn in Europe and the significant impact of the global COVID-19 pandemic. Unit sales recorded by the three brands Scania, MAN and Volkswagen Caminhões e Ônibus from January to June… Continue reading @VW Group: TRATON GROUP sees first signs of business recovery in third quarter
@VW Group: Volkswagen brand with effective crisis management in the first half of the year
Business at the Volkswagen Passenger Cars brand was significantly impacted by the global Covid-19 pandemic in the first half of 2020. However, effective countermeasures reduced the impact of the crisis. Through strict cost management the brand substantially reduced its general overhead costs, expenditures for research and development and capex year-on-year. In addition, production was strictly… Continue reading @VW Group: Volkswagen brand with effective crisis management in the first half of the year
Tesla battery supplier LG Chem shares jump 10% on upbeat outlook
SEOUL (Reuters) – LG Chem, an electric vehicle battery supplier for Tesla, Volkswagen (VOWG_p.DE) and others, said on Friday it expects profitability in its battery business to rise in the second half, helping shares surge nearly 10%. “Sales are expected to grow and profitability is expected to remain robust thanks to greater EV shipments for… Continue reading Tesla battery supplier LG Chem shares jump 10% on upbeat outlook
Self-driving startup Argo AI hits $7.5 billion valuation
Autonomous vehicle technology startup Argo AI is valued at $7.5 billion, just a little more than three years after the company burst on the scene with a $1 billion investment from Ford. The official valuation was confirmed Thursday nearly two months after VW Group finalized its $2.6 billion investment in Argo AI. Under that deal,… Continue reading Self-driving startup Argo AI hits $7.5 billion valuation