A car parts firm has announced it will close in 2021, with the loss of about 125 jobs. Hi-Lex Cable System Company makes door and window parts and cables for cars at its plant on Baglan energy park. Management at the firm, which supplies Honda, Audi and BMW among others, said it did not anticipate… Continue reading Car parts firm to shut with 125 jobs to be lost
Tag: VW
Volkswagen’s $75m fine over diesel emissions scandal rejected by judge
Automotive industry Judge questioned the imputation that the top layers of the corporation would not have known about the emissions software Volkswagen settled a class action for between $87m and $127m with owners of some of the 100,000 cars that were affected by the emissions test cheating and subsequent global recall in Australia. Photograph: Rick… Continue reading Volkswagen’s $75m fine over diesel emissions scandal rejected by judge
ŠKODA delivers 913,700 vehicles in the first three quarters of the year
Alain Favey, ŠKODA AUTO Board Member for Sales and Marketing, emphasises, “In the first three quarters of the year, we delivered 913,700 vehicles to customers worldwide. Thanks to strong growth in Europe and Russia, we were able to compensate for the current developments in China. With the current launch of our city SUV KAMIQ in… Continue reading ŠKODA delivers 913,700 vehicles in the first three quarters of the year
Porsche SE: Dividend of 2.21 euro per preference share proposed
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Supervisory Board and family shareholders unreservedly stand by Hans Dieter Pötsch and Dr. Herbert Diess
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For $164, Jaguar will let you co-pilot its I-Pace race taxi around the Nürburgring
The Green Hell, as the famed Nürburgring Nordschleife was nicknamed back in the late 1960s, is a 73-corner nearly 13-mile track in Germany that can challenge even the most accomplished professional race car drivers. Now, for about $164, thrill seekers can be a passenger for one lap. Jaguar announced a RACE eTAXI promotion that customers… Continue reading For $164, Jaguar will let you co-pilot its I-Pace race taxi around the Nürburgring
Anniversary: 25 years of the ŠKODA FELICIA
A new chapter in ŠKODA AUTO’s history began a quarter of a century ago with the ŠKODA FELICIA. The company had been visually modernising the FAVORIT, FORMAN and PICK-UP before joining the Volkswagen Group in 1991. Introducing the FELICIA, however, proved to be a turning point for ŠKODA: 1,187 newly developed vehicle components were used… Continue reading Anniversary: 25 years of the ŠKODA FELICIA
Decision on Turkey plant postponed, VW tells Tanjug
The Volkswagen board of directors has postponed a decision on the construction of a new car plant in Turkey over Ankara’s military action in Syria, a source in the German automotive concern has told Tanjug.The plant, worth between 1.2 bln and 1.5 bln euros, was to be built near Izmir and hire up to 4,000 people.Serbia and several countries in the region were also vying to land the investment.
Volkswagen delays final decision on Turkey plant – Handelsblatt
FILE PHOTO: A new logo of German carmaker Volkswagen at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer/ FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has postponed its final decision to build a car plant in Turkey amid international criticism of the country’s military operation in northern Syria and concerns about potential reputational fallout,… Continue reading Volkswagen delays final decision on Turkey plant – Handelsblatt
Dyson becomes latest sign that electric-car bubble is bursting
Kyunghee Park, Molly Schuetz and Yoolim Lee, Bloomberg News Published 9:33 p.m. ET Oct. 13, 2019 Dyson Ltd.’s sudden decision to scrap its $2.5 billion electric-vehicle ambitions is the latest reality check creeping into the once soaring EV industry. The famed maker of vacuum cleaners and hair dryers couldn’t find a way of making the… Continue reading Dyson becomes latest sign that electric-car bubble is bursting