Brussels, 6 April 2020 – The scale and ambition of the trade agreement that replaces the United Kingdom’s membership of the EU must reflect the deeply intertwined nature of the automotive sector, urges the European Automobile Manufacturers’ Association (ACEA). If not, this would not only severely damage the industry and the wider economy, but it… Continue reading Press Releases – UK trade deal: EU auto makers call for far-reaching agreement
Tag: VW
China: Car sales despite Corona: Volkswagen is looking for the internet star
Audi dealer in Beijing In China, business is increasingly shifting to the Internet. (Photo: dpa) Beijing Wang Qi would never have imagined that he would one day be a moderator. Because, as the 29-year-old says of himself, he was actually a “normal car salesman” who started working in a FAW Volkswagen car shop in Baoding… Continue reading China: Car sales despite Corona: Volkswagen is looking for the internet star
Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View
Autoliv, Inc. ALV recently canceled its quarterly dividend scheduled for Jun 4 and suspended future dividends until further notice. It also withdrew the 2020 guidance to preserve cash as vehicle sales drop on the coronavirus outbreak. The company also drew the remaining $600 million from its revolving credit facility of $1 billion. Notably, it had… Continue reading Autoliv Taps Brakes on Dividend Payout, Withdraws ’20 View
Audi Hungaria plant extends shutdown
German carmaker Audi will extend the shutdown at its base in Győr (123 km west of Budapest) by another two weeks until April 19, Audi Hungaria’s spokesperson told Hungarian news agency MTI.As the Budapest Business Journal reported earlier, Audi Hungaria shut down its plant on March 23.Parent company Volkswagen also stopped production at most of its bases, affecting Audi AG plants in Ingolstadt, Neckarsulm, Brussels, and Mexico, as well as the one in Győr.
Transporter division: VW Commercial Vehicles allegedly expects loss in 2020
VW transporter In 2019, the van division had made an operating profit of just over half a billion euros. (Photo: dpa) Hamburg Volkswagen expects due to high investments and fines for climate violations in its van division According to business circles, at a loss this year. This can be assumed if one adds up the… Continue reading Transporter division: VW Commercial Vehicles allegedly expects loss in 2020
Press release 09 / 2020- vehicle registrations in March 2020
Date 4/3/2020 Flensburg, April 3, 2020. 215,119 Passenger cars (Passenger cars) were newly registered in March 2020. Compared to the same month in the previous year, the Corona crisis showed a decline of -37.7 percent. The number of commercial New registrations decreased by -39.6 percent, their share was 61.9 percent, private registrations lost -34.4 percent.… Continue reading Press release 09 / 2020- vehicle registrations in March 2020
Press Releases – Massive ramp-up of truck charging and re-fuelling infrastructure needed, new data reveals
Brussels, 3 April 2020 – The European Automobile Manufacturers’ Association (ACEA) has released new data on the number of charging points and re-fuelling stations required for zero- and low- emission trucks to meet the 2025 and 2030 CO2 targets. In terms of charging points for electric trucks, this means going from close to zero today… Continue reading Press Releases – Massive ramp-up of truck charging and re-fuelling infrastructure needed, new data reveals
Traton sees some order cancellations, can’t rule out job cuts: WiWo
FILE PHOTO: Visitors stand at the booth of Volkswagen’s truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) Traton (8TRA.DE) commercial truck unit has seen cancellations of orders due to the coronavirus outbreak but these are manageable, its chief told a… Continue reading Traton sees some order cancellations, can’t rule out job cuts: WiWo
@VW Group: Coronavirus: Volkswagen uses 3D printing to produce face shields
In response to the corona crisis, the Volkswagen Group has started to produce face shield holders by 3D printing. This is part of a joint transnational initiative with Airbus and the 3D printing network “Mobility goes Additive”, which includes about 250 companies. The products developed by Airbus will be used in Spain and will be… Continue reading @VW Group: Coronavirus: Volkswagen uses 3D printing to produce face shields
March 2020 strongest month so far: Purchase premium drives demand for electric cars to record highs
Jan Woitas / dpa central image An electrically powered BMW i3 in downtown Leipzig Last March, more applications were made for the electric car and plug-in hybrid purchase premium than ever in a month. A total of 12,365 people or companies registered with the responsible Federal Office of Economics and Export Control, as can be… Continue reading March 2020 strongest month so far: Purchase premium drives demand for electric cars to record highs