FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt (Reuters) – Volkswagen AG (VOWG_p.DE) CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned. “Most of our… Continue reading UPDATE 1-VW CEO warns factory closures may drag on for weeks
Tag: VW
Why BMW and Mercedes made cheap cars that failed and why they keep trying
German brands such as Mercedes-Benz, BMW, and Audi built their reputations on being purveyors of precise engineering cars, luxurious interiors, cutting-edge technology, and above all, pretty high sticker prices. But increasingly, they are selling cars with prices that are quite average. In their quest to grow volumes and reach a broader chunk of the new… Continue reading Why BMW and Mercedes made cheap cars that failed and why they keep trying
@VW Group: Porsche AG Group – Financial data 2019
The Porsche Newsroom is a service provided by the Porsche Communication for journalists, bloggers and the online community. © 2020 Dr. Ing. h.c. F. Porsche AG * Data determined in accordance with the measurement method required by law. Since 1 September 2017 certain new cars have been type approved in accordance with the Worldwide Harmonised Light… Continue reading @VW Group: Porsche AG Group – Financial data 2019
@VW Group: Porsche AG Group – Innovative Mobility
Economic stability Social and ecological sustainability does not run counter to corporate success but in fact contributes to this goal. Long-term economic success is likewise a fundamental requirement for effective sustainable operations. The company enjoys excellent profitability and has set itself the strategic target of a minimum operating return on sales of 15 per cent. Porsche… Continue reading @VW Group: Porsche AG Group – Innovative Mobility
@VW Group: Porsche AG Group – Procurement
Alongside multiple model start-ups, the production launch of the Taycan was a key challenge in the reporting year. After all, this first all-electric sports car from Porsche represented uncharted territory for the company in a number of respects. Procurement also explored a number of options for optimising value chains, intensifying its networking efforts with suppliers… Continue reading @VW Group: Porsche AG Group – Procurement
Brazilian Car Rental Industry Sees Growth in Daily Rental Rates
The association attributes this growth in daily rates to the increase in demand from people renting vehicles for longer periods (instead of buying them) and the growing number of rentals for drivers of transportation companies. Photo via GoodFreePhotos. ABLA, the Brazilian car rental association, has conducted a census on Brazil’s car rental industry and found… Continue reading Brazilian Car Rental Industry Sees Growth in Daily Rental Rates
Construction of BMW’s Debrecen plant to continue
BMW has announced that the construction of its EUR 1 billion factory in Debrecen (225 km east of Budapest) will not stop and recruitment will continue, writes Népszava.It is noteworthy that in recent days Hungarian car manufacturers have announced factory shutdowns, including Audi in Győr (120 km west of Budapest), Suzuki in Esztergom (50 km northwest) and Mercedes at Kecskemét (90 km southeast).At the same time, it is worth recalling that it was during the 2008-2009 global economic crisis that Mercedes’ investment in Kecskemét was announced, and questions were still raised as to whether the new plant would be built.
GM is partnering with Ventec Life Systems to help increase production of ventilators
General Motors is partnering with Ventec Life Systems to help increase production of ventilators that are needed in hospitals dealing with patients who have the novel coronavirus, the companies announced Friday. In the most severe cases of COVID-19 infection, patients need the assistance of ventilators to breathe, and there are widespread concerns that the US… Continue reading GM is partnering with Ventec Life Systems to help increase production of ventilators
Volkswagen to shut some factories for more than two weeks: CEO
FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt (Reuters) – German carmaker Volkswagen AG (VOWG_p.DE) said on Saturday its factories will be closing for two weeks and in some regions three, amid growing concerns over the spread of the coronavirus.… Continue reading Volkswagen to shut some factories for more than two weeks: CEO
@VW Group: Porsche AG Group – Employees
As of 31 December 2019, the company counted 35,429 employees, 9.6 per cent more than at the end of the previous year. A significant driver of jobs is the Taycan, which celebrated its world premiere in September 2019. During the reporting year, Porsche took the high level of demand as its cue to hire a… Continue reading @VW Group: Porsche AG Group – Employees