Tag: VW

Trading dispute and profit warnings weigh on exchanges

A worried about high tariffs and declining corporate profits, the stock markets went down on Monday. Of the Dax fell 2.5 percent to 12,270 points, the Eurostoxx50 lost two percent to 3369 points. In New York, the Dow Jones and the S & P 500 were each about one and a half percent lower at… Continue reading Trading dispute and profit warnings weigh on exchanges

Rupert Stadler stays behind bars

D he most prominent accused in the exhaust scandal must continue to spend the weekend in custody: a dismissal of Rupert Stadler , the now-retired CEO of Audi, who was arrested on Monday in Ingolstadt, is not foreseeable. According to information of F.A.Z. this may be related to the behavior of the 55-year-old Stadler. Contrary… Continue reading Rupert Stadler stays behind bars

So dependent are the automakers of China

D he German automakers are becoming increasingly dependent on the Chinese market. Last year Volkswagen sold two out of five cars in China, according to a report published on Tuesday by the Center for Automotive Management (CAM) in Bergisch Gladbach. Audi Every third sold there, BMW every fourth and Daimler every fifth. According to CAM… Continue reading So dependent are the automakers of China

Public prosecutor may access VW documents

D The Federal Constitutional Court has allowed the public prosecutor’s office Munich II access to highly explosive documents in the diesel scandal. As the court announced on Friday, the constitutional complaints are the Volkswagen AG and their American law firm Jones Day failed to defend themselves against a raid in March 2017 and data seizure.… Continue reading Public prosecutor may access VW documents

General Motors warns Trump against import duties cars

D he largest American auto company General Motors (GM) has president Donald Trump warned of higher import duties on vehicles from abroad. Should the government increase the barriers to trade for automakers, it would create risks that could hurt competitiveness in the United States and lead to job losses. the group said on Friday ,… Continue reading General Motors warns Trump against import duties
cars

A battery factory for Thuringia?

A On Friday, there was no official confirmation that the Chinese company CATL actually pulls up a factory for electric car battery cells in Thuringia. But only the statements of the BMW boss Harald Kruger In a newspaper interview, the Munich automaker had awarded a billion contract to CATL and the company wanted to build… Continue reading A battery factory for Thuringia?

US Tesla Model 3 customers asked for $2500 confirmation deposit

All Tesla Model 3 customers in the US and Canada have been invited by the company to pay their $2500 (around £1900) confirmation deposits.  Customers are usually invited to configure their car when their build slot approaches, and the $2500 deposit is paid at this stage. Now, reports the Detroit News, all US and Canada… Continue reading US Tesla Model 3 customers asked for $2500 confirmation deposit

VW distributes the responsibility within the Group new

V olkswagen CEO Herbert Diess will divide responsibility within the Group for the world regions in the future for his brands. In the future, one leading brand will take over group-wide control of a clearly defined world region, said Volkswagen on Friday in Wolfsburg. Decisions could be made more decentralized. “We’re giving the responsibility over… Continue reading VW distributes the responsibility within the Group new

UPDATE 1-BP bets on electric vehicle switch with Chargemaster buy

LONDON (Reuters) – BP will buy Britain’s largest electric vehicle charging firm Chargemaster and plans to use its technology to roll out ultra-fast chargers across its 1,200 petrol stations in the country over the next 12 months. FILE PHOTO: The logo of BP is on display at a petrol station in Moscow, Russia, July 4,… Continue reading UPDATE 1-BP bets on electric vehicle switch with Chargemaster buy