Tag: VW

Electric Audi SUV tops Norway’s October car sales

FILE PHOTO: Audi unveils its first production all-electric vehicle, the e-tron sport utility vehicle at an event in Richmond, California, U.S. September 17, 2018. REUTERS/Joe White OSLO (Reuters) – German auto maker Audi’s fully-electric e-tron sports utility vehicle was the top-selling car in Norway last month with an 8.3% market share, registration data showed on… Continue reading Electric Audi SUV tops Norway’s October car sales

Auto dealer Lookers expects profit to slump; top executives leave

(Reuters) – British car dealership Lookers (LOOK.L) on Friday issued its second profit warning in less than four months and announced the departure of its two top executives. The company expects annual underlying profit to fall by more than two-thirds as the UK car market struggles with dwindling consumer confidence and margin pressures. Lookers said… Continue reading Auto dealer Lookers expects profit to slump; top executives leave

ŠKODA AUTO puts the most powerful commercial supercomputer in the Czech Republic into operation

[embedded content] Klaus-Dieter Schürmann, ŠKODA AUTO Board Member for Finance and IT, explained, “By installing the new high-performance computer, ŠKODA AUTO is further expanding the largest commercial computing centre in the Czech Republic. We are thereby continuing to press ahead on our path to becoming a digital company and are creating an important technical prerequisite… Continue reading ŠKODA AUTO puts the most powerful commercial supercomputer in the Czech Republic into operation

ŠKODA to Optimize Manufacturing Processes and Cut Production Costs Using Seebo’s Predictive Quality Solution

TEL AVIV, Israel, Oct. 31, 2019 /PRNewswire/ — Seebo, a pioneer in process-centric Artificial Intelligence, announced today a new cooperation, with ŠKODA AUTO, the leading Czech car manufacturer. ŠKODA and Seebo have partnered in order to predict and prevent losses in ŠKODA’s engine production lines by using Seebo’s unique process-centric AI solution. The deployment of Seebo Predictive… Continue reading ŠKODA to Optimize Manufacturing Processes and Cut Production Costs Using Seebo’s Predictive Quality Solution

AUDI AG: Robust figures for the third quarter

In a challenging second half of the year, the Audi Group stabilized its deliveries and posted robust figures for the third quarter. Adjusted for the effects of deconsolidating the multi-brand importers, revenue was higher than in the prior-year period. Operating profit reflects the decrease in deliveries and ongoing high upfront expenditure for the future. Cash… Continue reading AUDI AG: Robust figures for the third quarter

Volkswagen ID.3 Production To Start In A Few Days On November 4

It’s hard to believe that the production launch is just a few days away now. Volkswagen to officially start production of its first ID. model, the Volkswagen ID.3, on November 4 at Zwickau plant in Germany. It will be a big day for Volkswagen, which has been converting the plant to accommodate EVs based on… Continue reading Volkswagen ID.3 Production To Start In A Few Days On November 4

Private equity firms short-listed in auction for Volkswagen’s Renk – sources

FRANKFURT, Oct 30 (Reuters) – Volkswagen is likely to sell its transmissions making unit Renk to a private equity firm after judging industry offers unattractive, people close to the matter said. Buyout funds Carlyle, KKR and Triton have progressed to the second round of bidding, the people said, adding defence firm Rheinmetall and engineering group… Continue reading Private equity firms short-listed in auction for Volkswagen’s Renk – sources

Car giants plot US-European mega-merger

PSA Group, the French owner of Peugeot, is exploring a merger with its US-Italian rival Fiat Chrysler, it has confirmed. A deal between the two carmakers would create a business with a combined market value of nearly $50bn (£39.9bn). This is Fiat Chrysler’s second attempt at a merger this year after it pulled out of… Continue reading Car giants plot US-European mega-merger

Volkswagen’s driverless car ‘startup’ aims to take on Silicon Valley

Autonomous electric cars: Is society ready? Are you ready? ZDNet’s Jason Cipriani and Jason Perlow sit down with Karen Roby to hash out how driverless vehicles will change how we live and the way we think about transportation. Read more: https://zd.net/2JbeGcf Waymo, Tesla or Zoox are the names that usually pop up when looking at… Continue reading Volkswagen’s driverless car ‘startup’ aims to take on Silicon Valley