In Fiscal Year 2018 (1 Jan – 31 Dec), Automobili Lamborghini S.p.A. achieved a new all-time high in all key business figures: sales, turnover and profitability achieved levels unprecedented in the 55-year history of the brand. After crossing the one billion threshold for the first time in 2017, turnover grew by 40% from 1,009 mio.… Continue reading Automobili Lamborghini reaches record highs in all key business figures 2018
Tag: VW
IN-Campus – a striking achievement: New Audi technology park on remediated site
Audi is building its future, and to do so, it is revitalizing an industrial wasteland. Not far from its main factory in Ingolstadt, the company is developing the IN-Campus, a 75-hectare technology park, on the site of a former oil refinery. IN-Campus GmbH, a joint venture between AUDI AG and the city of Ingolstadt, is… Continue reading IN-Campus – a striking achievement: New Audi technology park on remediated site
IN-Campus Strategic Investment: New Technology Park for Future Projects
“IN” stands for innovation: With IN-Campus, AUDI AG and the city of Ingolstadt have gotten a strategic investment off the ground. The two parties are renovating the site of a former crude oil refinery together and transforming it into a campus—with a focus on the technologies of the future. Development of IN-Campus as an open… Continue reading IN-Campus Strategic Investment: New Technology Park for Future Projects
Audi sees margin target hit by electric car investments
An Audi logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy INGOLSTADT (Reuters) – Audi the premium brand owned by Volkswagen said it expects to deliver an operating return on sales between 7 percent and 8.5 percent, below its long-term target, as costs for developing electric… Continue reading Audi sees margin target hit by electric car investments
Jaguar Land Rover recalls 44,000 cars
Jaguar Land Rover is recalling 44,000 cars in the UK over carbon dioxide emissions, the car maker has said. Regulators found 10 models were emitting more of the greenhouse gas than they had been certified to emit. The car maker will contact owners to arrange repairs, a JLR spokeswoman said. JLR is facing a number… Continue reading Jaguar Land Rover recalls 44,000 cars
VW says it will not pursue Traton IPO for now due to market conditions
Krisztian Bocsi | Bloomberg | Getty Images
A Traton International LT A26 haulage truck sits on display on the Volkswagen AG (VW) Traton heavy-truck division exhibition area at the IAA Commercial Vehicles Show in Hanover, Germany, on Wednesday, Sept. 19, 2018.
Volkswagen said on Wednesday it would not pursue an initial public offering of its trucks unit Traton due to current market conditions but said the board of management still wanted to list the division if the environment improves.
“In the current market environment, Volkswagen Aktiengesellschaft today decided not to continue with preparation of an IPO of Traton SE for the time being,” Volkswagen said in an adhoc statement.
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Fiat Chrysler recalling 965,000 US, Canadian vehicles over excess emissions
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV will recall about 965,000 gasoline-powered vehicles in the United States and Canada that do not meet emissions standards and will replace their catalytic converters, officials said on Wednesday. A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018.… Continue reading Fiat Chrysler recalling 965,000 US, Canadian vehicles over excess emissions
New Porsche Consulting publication: “Business Process Management Reloaded”
The Porsche Newsroom is a service provided by the Porsche Communication for journalists, bloggers and the online community. The official website of Porsche AG can be reached at www.porsche.com © 2019 Dr. Ing. h.c. F. Porsche AG.*The data presented here was recorded using the Euro 5 test procedure (715/2007/EC, 692/2008/EC, 566/2011/EC and ECE-R 101) and the NEDC (New… Continue reading New Porsche Consulting publication: “Business Process Management Reloaded”
VW boosts electric car plans with more models, 22 million EVs in 10 years
Left to right: Volkswagen ID, ID Buzz and ID Crozz concepts
VW has been busy putting logistics in place to build as many as 15 million examples of 50 new electric models (across its portfolio of brands) by 2028.
At its annual conference at its headquarters in Wolfsburg Tuesday, the company upped that commitment to 22 million cars among 70 new electric models in a second wave of models based on its new MEB electric-car architecture, which is designed to be affordable.
DON'T MISS: VW is planning to build 15 million electric vehicles (Updated)
The company projected that by 2040, 70 percent of new cars sold in Europe will be electric, and another 10 to 20 percent will consist of plug-in hybrids. The U.S. may be slightly lower, with 60 percent battery-electric cars by then, while China will be even higher with 85 percent battery electrics by 2040.
“Volkswagen will change radically,” said CEO Herbert Diess. “We are taking on responsibility with regard to the key trends of the future—particularly in connection with climate protection.”
The company has named four potential suppliers for batteries for its new cars, including LG Chem, CATL, Samsung, and SK Innovation. Farther out, VW is working toward developing solid-state batteries, which could be sourced in Europe.
READ MORE: Ahead of electric-car production, VW demands suppliers cut carbon emissions
At the meeting, VW also announced plans to become carbon neutral as a company, including its production, by 2050 by reducing its own consumption and waste, switching to renewable energy for its factories and buildings, and offsetting other emissions that it can't avoid. The company is working on drawing up a roadmap to do that, starting with how it acquires steel and aluminum to build cars.
It is converting its primary electric-car factory in Zwickau, where it will build the ID models on the MEB platform, from coal power to natural gas.
CHECK OUT: Ahead of electric-car production, VW demands suppliers cut carbon emissions
The company says it will install 400 Ionity fast-chargers along major highways in Europe by 2020, one every 75 miles, including 100 in Germany. It will also install 3,500 workplace chargers for employees at its facilities and for customers at its dealerships.
Volkswagen has also announced plans to develop a new product line called Elli to bring renewable energy services and smart chargers to its electric-car customers to help them reduce their carbon footprint as well.
VW plans to introduce the ID hatchback in Europe later this year, followed by the electric small SUV (based on the ID Crozz concept) in Europe and the U.S. next year and eventually the ID Buzz electric Microbus recreation in 2021. The company also announced plans at last week's Geneva auto show to license its MEB platform to other automakers.
Not just diesel: FCA recalling 860K cars for emissions failure
2014 Dodge Avenger
Fiat Chrysler has recalled 862,520 gas-powered vehicles after on-road testing showed they might not meet emissions standards.
The vehicles to be recalled, including the Dodge Avenger, Caliber, and Journey, and the Chrysler 200 (a twin of the Avenger) spanning from 2011 to 2016, met original EPA laboratory emissions tests, but failed in the kind of followup road tests implemented after emissions cheating was uncovered in millions of VW diesels.
DON'T MISS: No buybacks: FCA settlement for Ram pickup, Jeep Grand Cherokee EcoDiesel owners
Following the VW diesel scandal, the EPA and automakers began conducting the additional on-road testing, with mobile emissions-testing equipment strapped to the back of the cars. These are the tests that uncovered cheating on emissions tests in several modern diesels after 2009, which disabled some emissions equipment on the road and only turned it on when the car detected it was being tested in a lab.
There's been nothing suggested that this has anything to do with a defeat device. Chrysler said the non-compliant emissions were discovered in “routine in-use emissions testing, and reported to the EPA.”
“Today's EPA announcement reflects a new policy for announcing routine emissions recalls,” said FCA spokesman Eric Mayne. “This campaign has no safety implications. Nor are there any associated fines.”
The recall affects catalytic converters, and potentially other components, in front-wheel drive 2011-2016 Dodge Journey, 2011 and 2012 Dodge Caliber, 2011-2014 Avenger and Chrysler 200, as well as the 2011-2016 Jeep Compass and Patriot. The report did not specify which engines might be involved, but various versions of the four cars shared a 2.4-liter inline-4.
READ MORE: FCA can settle Jeep, Ram EcoDiesel emission case with fine, recall: Justice Department
Under the recall, catalytic converters will be refurbished or replaced. Mayne specified that the materials from the old catalytic converters will be recycled.
The EPA told Reuters that it will continue its investigation into other Fiat Chrysler models, which it says could also be non-compliant and may be subject to future recalls.
It's not the first time that Chrysler's engines have been found not to be compliant with emissions standards. Diesels in the company's Jeep Grand Cherokees and Ram diesel models were recalled in conjunction with the VW diesel lawsuit, and the Cummins diesel engines in the Ram Heavy Duty were also recalled a separate case.
Chrysler said it began contacting customers last month to have the recall work done.