BMW executive calls EVs ‘overhyped’ at company event about EVs

BMW executive and board member Klaus Fröhlich told reporters this week that the shift to cars powered by electricity is “overhyped,” and said that there is “no” consumer demand for them. Curiously, Fröhlich made these comments at an event where BMW proudly announced it will accelerate plans to release 25 cars that are partially or… Continue reading BMW executive calls EVs ‘overhyped’ at company event about EVs

Ionity to expand EV fast charger network at Extra services

EV charging network Ionity, backed by BMW, Daimler, Ford and the VW Group, has partnered with Extra MSA Group to expand its network of fast chargers at motorway service stations across the UK.  Up to six 350kW fast chargers will be installed at eight Extra’s motorway service areas, starting this year with the company’s £60m Skelton Lake,… Continue reading Ionity to expand EV fast charger network at Extra services

Management of Volkswagen Navarra presents its proposal for agreement of the third model to the works committee

PAMPLONA, June 28 (EUROPA PRESS) – The management of Volkswagen Navarra has presented this Friday to the works committee its proposal of agreement of the third model of the factory. The definitive text to be agreed will be sent to the Volkswagen center in Wolfsburg (Germany), with the aim of “getting the award of a… Continue reading Management of Volkswagen Navarra presents its proposal for agreement of the third model to the works committee

The future of BMW’s boss in suspense

Harald Krüger is apparently worried about his future at the helm of Bavarian automaker BMW. His contract, which expires in May 2020, may not be renewed, according to the daily “Handelsblatt”. “An extension is no longer considered within the group as the most likely variant,” writes Friday the German business newspaper, while the supervisory board… Continue reading The future of BMW’s boss in suspense

IPO in the second attempt: VW subsidiary Traton disappointed in IPO

Volkswagen Traton consists of the VW subsidiaries MAN and Scania and the Brazilian commercial vehicle subsidiary Did Andreas Renschler want too much? Instead of the initially expected six billion euros in proceeds from the issue, Traton’s IPO plays just over a quarter of it in the fund. Volkswagen’s truck and bus business is considered a… Continue reading IPO in the second attempt: VW subsidiary Traton disappointed in IPO

Plus and minus in Ruesselsheim

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With Traton, Volkswagen sends its trucks on the stock market

Volkswagen’s trucks and buses hit the stock market. Traton, the truck branch of the manufacturer, which includes the brands MAN and Scania, makes its introduction this Friday in Frankfurt and Stockholm. But it does not arrive on the hats of wheels: at 27 euros the action, the price is in the low range Volkswagen plans,… Continue reading With Traton, Volkswagen sends its trucks on the stock market

CORRECTED-UPDATE 1-VW’s Traton shares limp on stock market debut

FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) truck unit Traton (8TRA.DE) (8TRA.ST) made a lackluster start on its market debut on Friday as its shares slipped below their initial public offer price in early trade. FILE PHOTO: The logo of Volkswagen’s truck unit Traton, is pictured in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo The shares… Continue reading CORRECTED-UPDATE 1-VW’s Traton shares limp on stock market debut

Audi Sport boss: We are fighting for V10 in next-gen R8

Audi Sport is fighting to ensure the V10 remains an integral part of the next-generation R8, despite the increasing likelihood the flagship supercar will go all-electric in its next generation. Speaking to Autocar at the recent Nurburgring 24-hour race, Audi Sport managing director Oliver Hoffmann suggested there was a strong desire to see the free-revving,… Continue reading Audi Sport boss: We are fighting for V10 in next-gen R8

UPDATE 1-VW’s Traton shares limp on stock market debut

FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) truck unit Traton (8TRA.DE) (8TRA.ST) made a lackluster start on its market debut on Friday as its shares slipped below their initial public offer price in early trade. FILE PHOTO: The logo of Volkswagen’s truck unit Traton, is pictured in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo The shares… Continue reading UPDATE 1-VW’s Traton shares limp on stock market debut