An amazing year for SEAT

2018 has been an exceptional year for SEAT. In these past 12 months, SEAT saw the birth of CUPRA, the company’s first sub-brand, and the launch of the Tarraco, the brand’s new flagship model. The year began with record results and the company expects to post historic high sales figures by the end of December.… Continue reading An amazing year for SEAT

Russian tycoon’s automaker in talks with U.S. to get sanctions lifted – sources

* U.S. plans to lift sanctions on Deripaska’s Rusal, En+ * Deal is subject to 30-day review period in U.S. Congress * No mention of GAZ but talks continue – sources * GAZ may need to sell stake, assets -sources By Katya Golubkova and Gleb Stolyarov MOSCOW, Dec 20 (Reuters) – Oleg Deripaska’s team, which… Continue reading Russian tycoon’s automaker in talks with U.S. to get sanctions lifted – sources

Consequence of the EU decisions: VW has to produce 600,000 electric cars more per year due to new CO2 requirements

DüsseldorfThe new specifications from Brussels are strict: instead of the expected 35 percent, European car manufacturers must reduce the carbon dioxide emissions of their vehicle fleets reduce by an average of 37.5 percent by 2030, This is only possible with an even stronger change to electric vehicles – especially the market leader Volkswagen, So far,… Continue reading Consequence of the EU decisions: VW has to produce 600,000 electric cars more per year due to new CO2 requirements

Truckmaker Volvo builds safety stockpiles to prepare for no-deal Brexit

STOCKHOLM (Reuters) – Sweden’s AB Volvo (VOLVb.ST) has triggered its hard Brexit contingency plans, with the truckmaker building “safety stock” with its British dealers and considering alternative shipping routes to minimise disruption. FILE PHOTO: A worker holds a component for a Volvo truck at the Muller manufacturing facility in Redditch, Britain August 28, 2018. REUTERS/Darren… Continue reading Truckmaker Volvo builds safety stockpiles to prepare for no-deal Brexit

VW, Mercedes Launch Ride-Hailing Service in Shanghai

A fleet of 50 Mercedes-Benz E200L vehicles are available for booking via Volkswagen’s ride-hailing app, WeChat account, and company hotline. Photo via Depositphotos.  Mercedes-Benz and Volkswagen launched a ride-hailing service in Shanghai yesterday, The Paper reports.  A fleet of 50 Mercedes-Benz E200L vehicles are available for booking via Volkswagen’s ride-hailing app, WeChat account, and company… Continue reading VW, Mercedes Launch Ride-Hailing Service in Shanghai

Porsche Design Tower and new Porsche Centre at the Pragsattel in Stuttgart

The planning application will be submitted on 21st December. The idea is to start construction already in the first half of 2019. The company estimates that construction of the Porsche Centre will take two and a half years, and the tower should be completed around one year later. “With this building project at the Pragsattel,… Continue reading Porsche Design Tower and new Porsche Centre at the Pragsattel in Stuttgart

Volkswagen to take over telematics specialist WirelessCar from Volvo

The Volkswagen Automotive Cloud will link the fully connected vehicle, the cloud-based platform and digital value-added services. The Volkswagen Group is acquiring a majority stake in the Swedish telematics specialist “WirelessCar” from Volvo with a view to making further advances in fleet connectivity. The Volkswagen Group is acquiring a 75.1 percent stake in WirelessCar. Completion… Continue reading Volkswagen to take over telematics specialist WirelessCar from Volvo

Volkswagen introduces new remuneration model for top management

The Volkswagen Group has revised its top management remuneration system. The new model is based on the system used for the Board of Management, strengthens the Group idea and fosters cooperation between brands, regions and countries. In addition, the return targets of the Group are taken into account and a stronger link to share prices… Continue reading Volkswagen introduces new remuneration model for top management

Sinclair Group acquires first Land Rover outlet

The Sinclair Group has strengthened its standing as Wales’ largest franchised retailer by adding another premium brand to its portfolio. It has bought Likes Land Rover at Hay-on-Wye from Walters Group, and is to rebrand it Sinclair Land Rover. All 35 staff employed at the site will be transfered into the Sinclair Group. Founded in 1945 and… Continue reading Sinclair Group acquires first Land Rover outlet