VW – Page 3447 – I wish I had more to offer

Hall of Fame of the German economy: workers’ leaders and entrepreneurs – united in glory

Wolfgang von Brauchitsch for manager magazin Honor to whom credit is due: Entrepreneurs Susanne Klatten (center) and Stefan Quandt (r.) With mm editor-in-chief Martin Noé. Why the trade unionist Berthold Huber and the BMW major shareholders Susanne Klatten and Stefan Quandt move into the Hall of Fame of the German economy – and find each… Continue reading Hall of Fame of the German economy: workers’ leaders and entrepreneurs – united in glory

How Renault, Fiat Chrysler could save through sharing

(Reuters) – If French automaker Renault green-lights a proposed merger with Fiat Chrysler Automobiles, the companies almost immediately could begin saving money by consolidating components and basic structures on many of their most popular vehicles, an industry analyst said on Tuesday. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters… Continue reading How Renault, Fiat Chrysler could save through sharing

Bribery allegations: Porsche leadership in the sights of the investigators – searches the ex-councilor

Porsche production In addition to the suspicion of infidelity sports car maker Porsche has yet to deal with another suspicion of investigators. It’s about bribery. (Photo: Reuters) Stuttgart, Dusseldorf Sunday was still a good day for Uwe Huck, In the local elections in Pforzheim the new politician was able to get the most votes straight… Continue reading Bribery allegations: Porsche leadership in the sights of the investigators – searches the ex-councilor

Ericsson’s 5G technology used in the first 5G based self-driving car demonstration in Hungary

ZALAEGERSZEG, Hungary, 28-May-2019 — /EuropaWire/ — ZalaZone, located in the city of Zalaegerszeg in Hungary, is a 5G-based self-driving vehicle test track that has just been officially opened on May 20, 2019. The ZalaZone test track relies on an advanced 5G technology from Ericsson, which is installed on an existing radio tower operated by Magyar Telekom.

The opening ceremony was attended by Viktor Orbán, Hungarian Prime Minister, and the country’s Minister for Innovation and Technology László Palkovic.

Self-driving cars using the 5G mobile network for the first time in Hungary were demonstrated to the attendees of the opening ceremony.

The ZalaZone test track in Zalaegerszeg boasts 2-kilometer handling course that includes a multi-surface braking platform and multiple test track modules for everything from highway roads and bad rural roads to a water basin and offers unique testing opportunity for car manufacturers in Europe that need the 5G network infrastructure, which is installed on the test track.

Engineers from Ericsson, Magyar Telekom and T-Systems have all worked together to construct the test environment at the ZalaZone test track.

The 5G’s high-capacity and low-latency characteristics are of great importance to future transport solutions.

Commenting on the 5G used on the ZalaZone test track, Claes Herlitz, Head of Global Automotive Services at Ericsson, said:

“Right now, the car of the future is just on a practice lap. 5G will give us the green flag to speed up innovation. The millisecond latency of 5G will enable workloads to be shifted, balancing what work gets done in the car, and what gets done in the cloud. This makes access to data faster and allows us to transform onboard architecture of vehicles.”

Ericsson Hungary’s Country Manager Gábor Éry went further to explain that the ZalaZone test track experience shows how various industries and academic institutions can work together to push the boundaries of what can be achieved using 5G technology.

Commenting further, Gábor, said:

“Ericsson is very proud to have contributed to the first 5G technology-based self-driving car demonstration in Hungary with the company’s leading 5G technology. This project is a very good example of the close collaboration of various industries, allowing for the efficient utilization of the benefits and opportunities provided by 5G technology.”

SOURCE: Ericsson

MORE ON ERICSSON, 5G, SELF-DRIVING CAR, ETC.:
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UPDATE 1-VW plans to launch downscaled Traton IPO next week – sources

FRANKFURT (Reuters) – Volkswagen is looking to officially launch the stock market listing of its trucks unit Traton next week with a smaller deal size than originally anticipated, people close to the matter said on Tuesday. FILE PHOTO: The logo of Volkswagen’s truck unit Traton, former Volkswagen Truck & Bus AG, is pictured in Hanover,… Continue reading UPDATE 1-VW plans to launch downscaled Traton IPO next week – sources

Joint Venture with Porsche: 100th IONITY HPC-Park goes into operation

1. All information offered on Porsche Newsroom, including but not limited to, texts, images, audio and video documents, are subject to copyright or other legislation for the protection of intellectual property. They are intended exclusively for use by journalists as a source for their own media reporting and are not intended for commercial use, in… Continue reading Joint Venture with Porsche: 100th IONITY HPC-Park goes into operation

FCA Group proposes €32.6bn merger with Renault

Fiat Chrysler Automobiles has proposed a €32.6 billion (£28.3bn) all-share merger with Renault to forge a new alliance that could save the Italian carmaker “in excess of €5 billion”. Following the announcement of the proposal yesterday (May 27), shares in Renault, which began Monday with a market value of almost €15 billion, surged 13.8% in early… Continue reading FCA Group proposes €32.6bn merger with Renault

Bloomberg: Volkswagen Reworks Battery Supply Deals

Volkswagen contracted Samsung SDI as one of several battery manufacturers, but now decreases the anticipated order from the South Korean supplier According to unofficial media reports, Volkswagen is making changes to its EV battery supply plans by decreasing the anticipated volume from Samsung SDI. The German manufacturer contracted several suppliers, including: Samsung SDI was expected… Continue reading Bloomberg: Volkswagen Reworks Battery Supply Deals

3 senators question delay on Volkswagen Tennessee union vote

Original Article

Real estate investor makes $11,875 a day in profit on Koenigsegg supercar he owned for five months

When California real estate investor Manny Khoshbin spent $2.2 million on the fastest street-legal car in the world, he had no idea it would also become the fastest-appreciating asset he'd ever own.
“Quickest $1.9 million I ever made,” Khoshbin told CNBC.
Khoshbin is an Instagram influencer with almost 1 million followers who eat up the almost daily car porn he posts. His feed is filled with pics and videos or his personal collection of insanely expensive rides — many of which sit in the middle of his real estate office, which doubles as a private super-car showroom.
Parked next to his 1,400 pound black aluminum desk, which is shaped like a stealth-bomber, are more than a dozen cars, including a one-of-a-kind Pagani Huayra Hermés edition, a Bugatti Mansory Linea Vincero and a full-body exposed carbon matte finish McLaren P1.
But none of those wheels are as fast as the Koenigsegg Agera RS he had delivered 12 months ago. The hypercar set at least five world records for speed for a street-legal car, with the fastest run clocking in at just over 284 miles per hour. Only 25 were ever made during its three-year run and they sold out in the first 10 months of its debut at the 2015 Geneva Motor Show. Khoshbin was in line for the last one, an Agera RS Gryphon that crashed in a test run when the driver lost control at a wet track in Trollhattan, Sweden, in 2017.
Khoshbin's Agera RS Phoenix inside showroomCNBCKoenigsegg said on its Instagram page at the time that it reached “a mutually satisfactory outcome” with Khoshbin “to spec an all-new Agera RS that will blow everyone's mind.”
Khoshbin added some over-the-top upgrades, including a 1,400 horsepower engine, a $300,000 tail wing for increased aerodynamics and lots of 24 karat accents, including the gold-covered exhaust pipe. Parts of the engine and the stripes that run around its entire carbon body are covered in gold.
Gold-exhaust pipe on Agera RS PhoenixCNBCKhoshbin dubbed it the Agera RS Phoenix, rising out of the ashes of the Gryphon. Besides the pricey add-ons, it was the last Agera RS Koenigsegg ever made — making it highly desirable to collectors.
“I wasn't thinking about selling it. Honestly, I was buying to keep it permanently, but I got an offer I couldn't refuse,” Khoshbin told CNBC.
Rear view of the gold-accented Agera RS Phoenix and $300k tail wingCNBCHe says a mutual friend connected him to a prospective buyer who, like Khoshbin, had an appreciation for carbon fiber dripping in gold.
“He had another Koenigsegg in carbon and gold and this was a perfect match to the other in his collection,” Khoshbin said. Just like the Agera RS, the deal moved super fast. It took about a week to negotiate a price, he said. “I said $5 million, we negotiated and landed at $4.1 million.”
Manny Khoshbin and 1,400 pound black aluminum office desk@mannykhoshbin on InstagramIn just over five months, Khoshbin pocketed $1.9 million in profit — which works out to roughly $365,595 a month, $11,875 a day or $495 an hour.
While the real estate investor says he's made millions of dollars buying and selling buildings, he's never made this much money in so little time.
Soon after closing the Phoenix deal, he used the cash to buy a Bugatti Veyron Grand Sport Vitesse Rembrandt with just 770 miles on the odometer. The bronze-colored beast, which can go from 0 to 60 in a mind-blowing 2.6 seconds, was a bargain at $2 million. The car's previous owner, a Texas billionaire, bought the Bugatti new in 2014 for just north of $3 million.
Khoshbin at dealership eyeing his Bugatti Rembrandt with Nick Jones, General Sales Manager of Bugatti Long Beach@mannykhoshbin on Instagram “I love cars, but at the end of the day you got to be strategic and smart with your money,” said Khoshbin.
He's passionate about rare cars and says investing in them is more fun than other collectibles like art. “You can't take your Picasso to lunch, but you can drive your Bugatti to the restaurant,” he said.
When I asked Khoshbin if there's a car in his collection that he won't sell he answered without skipping a beat.
“No, the only thing I won't sell is my wife and kids,” he said.
His car obsession continues in the meantime. He's already put a deposit on a replacement for the Phoenix, ordering a Koenigsegg Jesko with 1,600 horsepower that will cost him around $3 million.
Manny Khoshbin with wife Leyla Milani and Pagani Huayra Hermés Edition@mannykhoshbin on Instagram