Tag: VW

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

Ford’s surprise: $1.9 billion earnings loss is good news

CLOSE A look at the very first year of the Ford Bronco in this 1966 commercial ‘A Breed Apart.’ Detroit Free Press Ford Motor Co. executives have warned for weeks that their second-quarter earnings report would be an epic disappointment for a company that emerged from 2019 weaker than expected financially, despite a healthy year for the industry. Then the… Continue reading Ford’s surprise: $1.9 billion earnings loss is good news

Porsche partners with MAHLE and TRUMPF to 3D print pistons for its 911 supercar 

Performance sports car manufacturer Porsche has worked with machine tool producer TRUMPF and automotive parts company MAHLE to 3D print pistons for the engine of its flagship 911 supercar.  Utilizing Laser Metal Fusion (LMF) 3D printing, the carmaker’s engineers have been able to optimize the structure of the automotive part for when it’s under load.… Continue reading Porsche partners with MAHLE and TRUMPF to 3D print pistons for its 911 supercar 

VW asks U.S. appeals court to reconsider ruling on diesel emissions updates

(Reuters) – Volkswagen AG (VOWG_p.DE) on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling that said two counties could seek financial penalties over excess diesel emissions that might cost the German automaker billions of dollars. FILE PHOTO: A logo of German carmaker Volkswagen is seen on a car parked on… Continue reading VW asks U.S. appeals court to reconsider ruling on diesel emissions updates

Ford posts profit, but expects full-year 2020 loss

(Reuters) – Ford Motor Co (F.N) on Thursday said it expects a full-year loss but added it should have ample cash on hand throughout the rest of 2020, even if global demand falls further or the COVID-19 pandemic forces more shutdowns of vehicle assembly plants. FILE PHOTO: The Ford logo is seen at the North… Continue reading Ford posts profit, but expects full-year 2020 loss

Odd couple: Audi S5 Sportback vs. Dodge Charger Scat Pack Plus

Autoplay Show Thumbnails Show Captions Last SlideNext Slide My comparison cars this week have much in common. They are muscle models from notable performance brands. They bear fresh, head-swiveling colors: one District Green, the other Sinamon Stick red. Both have elegant “T” shifters, sculpted 20-inch wheels, elevated sticker prices and multiple words in their badges. Yet… Continue reading Odd couple: Audi S5 Sportback vs. Dodge Charger Scat Pack Plus

@VW Group: 30Jul Italdesign and Ducati to introduce Urban-E, the new foldable e-bike The e-bike will be available starting from September

Italdesign and Ducati together to present Urban-E, the folding e-bike ideal for urban mobility, combining innovative and ergonomic solutions with a unique style. Available in black or gray versions, Urban-E is built on a special aluminum frame, designed by the Ducatidesigners in collaboration with their colleagues working at the Industrial Design Division of Italdesign, featuring… Continue reading @VW Group: 30Jul Italdesign and Ducati to introduce Urban-E, the new foldable e-bike The e-bike will be available starting from September

Twin storms batter struggling Nissan-Renault-Mitsubishi alliance

TOKYO — It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history — but anyone who thought that marked the end of their trials has been roundly disabused of the notion. Renault announced Thursday that it posted a record… Continue reading Twin storms batter struggling Nissan-Renault-Mitsubishi alliance

Visteon Announces Second-Quarter 2020 Results

Net sales of $371 million; 48% reduction Y/Y excluding currencyIndustry production down 45% Y/Y; Visteon customers down 53% Y/YVisteon sales outperformed customer production by five percentage points$1.7 billion in new business and 21 new product launches YTDCash of $759 million; no significant near-term debt maturitiesVAN BUREN TOWNSHIP, Mich., July 30, 2020 (GLOBE NEWSWIRE) — Visteon… Continue reading Visteon Announces Second-Quarter 2020 Results