FILE PHOTO – Newly named Ford Motor Company president and CEO James Hackett answers questions from the media during a press conference at Ford Motor World Headquarters in Dearborn, Michigan, U.S., May 22, 2017. REUTERS/Rebecca Cook HOUSTON (Reuters) – Ford Motor Co Executive Chairman Bill Ford said on Tuesday he is very confident in Chief… Continue reading CERAWEEK-Ford Motor chairman says ‘very’ confident in CEO Hackett
Tag: VW
VW CEO expects software to make up 90 pct of auto industry innovation
WOLFSBURG, Germany, March 12 (Reuters) – Volkswagen will ramp up its hiring of software experts to ensure that the car and truck maker stays at the forefront of innovation in an industry geared toward refining mechanical, rather than software components. “Software will account for 90 percent of future innovations in the car,” Herbert Diess told… Continue reading VW CEO expects software to make up 90 pct of auto industry innovation
Porsche Next-Gen Batteries Set To Provide Huge Electric Range
15 M BY STEVEN LOVEDAY It appears Porsche has a trick up its sleeve. We hear about potential battery breakthroughs often, but most don’t amount to anything tangible right away. This is not to say that the breakthroughs aren’t possible. Rather, it’s going to take time before automakers can appropriately implement them. Porsche CEO Oliver… Continue reading Porsche Next-Gen Batteries Set To Provide Huge Electric Range
Volkswagen Group brands deliver a solid performance
In fiscal year 2018, the Volkswagen Group again benefited from its broad positioning and the sustained solid performance both of its brands and its financial services. Dr. Herbert Diess, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, explained: “2018 was a successful year for the Volkswagen Group. We performed very well in spite of… Continue reading Volkswagen Group brands deliver a solid performance
Volkswagen plans 22 million electric vehicles in ten years
The Volkswagen Group is forging ahead with the fundamental change of system in individual mobility and systematically aligning with electric drives. The Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned. As a result, the projected number of vehicles to be built… Continue reading Volkswagen plans 22 million electric vehicles in ten years
VW CEO says he has not considered taking a minority stake in Waymo
Herbert Diess, CEO of German carmaker Volkswagen addresses the media during the annual news conference at the Volkswagen plant in Wolfsburg, Germany March 12, 2019. REUTERS/Fabian Bimmer WOLFSBURG, Germany (Reuters) – Volkswagen has not considered taking a minority investment in Google’s autonomous cars project Waymo, Chief Executive Herbert Diess said on Tuesday, adding that talks… Continue reading VW CEO says he has not considered taking a minority stake in Waymo
UPDATE 2-VW accelerates electric push as core brand margin slips
WOLFSBURG, Germany (Reuters) – Volkswagen said it will cut jobs as it launches almost 70 new electric models by 2028, accelerating its rollout of zero-emission cars as earnings revealed the operating margin at its core brand had taken a hit. FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant… Continue reading UPDATE 2-VW accelerates electric push as core brand margin slips
VW boss warns US car tariffs could cost billions – Financial Times
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VW accelerates electric push as margin at core brand slips
The profit margin at its core VW brand slipped to 3.8 percent last year. Germany: Volkswagen on Tuesday said it will launch 70 new electric models by 2028, accelerating its rollout of zero-emission cars as earnings revealed the operating margin at its core brand had taken a hit from new emissions tests. The profit margin… Continue reading VW accelerates electric push as margin at core brand slips
Alphabet’s Waymo seeks outside investors: The Information
FILE PHOTO: A Waymo self-driving car is seen during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. REUTERS/ Stephen Lam (Reuters) – Alphabet Inc’s self-driving car division, Waymo, has been seeking financing from outside investors such as European automakers Volkswagen AG, The Information reported on Monday, citing a person with… Continue reading Alphabet’s Waymo seeks outside investors: The Information