Tag: VW

UPDATE 1-Volvo Cars to cut costs as trade war dents profits

STOCKHOLM (Reuters) – Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front… Continue reading UPDATE 1-Volvo Cars to cut costs as trade war dents profits

Volvo Cars launches cost cutting measures as trade war dents profit again

FILE PHOTO: A Volvo logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader/File Photo STOCKHOLM (Reuters) – Sweden’s Volvo announced new measures to cut fixed costs by 2 billion Swedish crowns ($214 million) on Thursday, as it became the latest carmaker to warn that pricing pressure and tariffs arising… Continue reading Volvo Cars launches cost cutting measures as trade war dents profit again

Toyota locks in more than a supply of EV batteries in deal with China’s CATL

Toyota needs more than a secure and steady supply of batteries if it hopes to meet its ambitious global sales goal for electric vehicles. If it hopes to compete, the Japanese automaker will need better quality lithium-ion batteries that don’t squeeze profit margins. The automaker is turning to Chinese EV battery supplier CATL for the… Continue reading Toyota locks in more than a supply of EV batteries in deal with China’s CATL

Audi starts working on factory for e-tron GT electric car production in ‘late 2020’

Audi is working on its first electric sedan, the e-tron GT, unveiled at the LA auto show last year. It is now starting preparation work at a factory in Germany to start production in ‘late 2020’. The Audi e-tron GT impressed many with design when it was unveiled last year. The German automaker also surprised… Continue reading Audi starts working on factory for e-tron GT electric car production in ‘late 2020’

JCT600 Volkswagen dealership latest to join the EVA scheme

Volkswagen Sheffield, a JCT600 dealership, is the latest site to be made part of the Electric Vehicle Approved [EVA] scheme. The Sheffield dealership is also one of just 15 EV battery repair centres in the country, thanks to a trio of Volkswagen-trained “High Voltage” expert technicians. Chris Moriarty, head of business at JCT600 Volkswagen Sheffield,… Continue reading JCT600 Volkswagen dealership latest to join the EVA scheme

Especially VW in new registrations under pressure: Europe’s car markets continue to shrink

DPA In the first half of the year, Germany only slipped slightly in terms of new registrations; other markets were hit harder The European car market again suffered a significant setback in June. 1.45 million new cars were registered in the EU, 7.8 percent fewer than in the same month last year, announced the European… Continue reading Especially VW in new registrations under pressure: Europe’s car markets continue to shrink

Oliver Zipse could become the new BMW boss: The last Schlipsträger

Tobias Rabbit / dpa He could become the new BMW boss: Oliver Zipse, previously responsible for the production of the board Oliver Zipse has already made a name for himself in the automotive industry. The 55-year-old and possible successor to Group CEO Harald Krüger stands for the fact that BMW has made its production less… Continue reading Oliver Zipse could become the new BMW boss: The last Schlipsträger

Brazil pair arrested over fake supercar factory

Olice in the southern Brazilian state of Santa Catarina have raided a clandestine factory manufacturing bootleg luxury vehicles.Officials from the Santa Catarina Civil Police’s Investigative Unit seized eight semi-assembled replicas of Ferraris and Lamborghinis in Monday’s raid.The investigation began when Ferrari and Lamborghini representatives contacted the Santa Catarina Civil Police.

SEAT will roll out a corporate carsharing service and presents its vision for urban mobility in Madrid

SEAT is going to begin offering corporate carsharing services through Respiro, as was announced at ‘Madrid on the move by SEAT’, an event in the capital where the company presented its urban mobility strategy for the first time and vehicles such as the new Mii electric, the SEAT Minimó concept vehicle and the SEAT eXS kickscooter… Continue reading SEAT will roll out a corporate carsharing service and presents its vision for urban mobility in Madrid