D The Daimler share will suffer the consequences of the lowered forecasts on Thursday. The share price of the automotive group falls by about 2.5 percent. The Daimler papers last cost just over 58 euros. Previously, they had marked with 57.65 euros the lowest level since the summer of 2016. Among the negative news about… Continue reading Daimler profit warning upsets car industry
Tag: VW
VW wants with truck IPO more than six billion gather in
D he IPO of the truck division of Volkswagen should become one of the largest new issues in Germany ever. When asked if he actually with an issue proceeds of about six billion euros, VW Truck CEO Andreas Renschler told the “manager magazin”: “That might be a bit more.” The exact timing of an initial… Continue reading VW wants with truck IPO more than six billion
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Daimler under pressure
D The Daimler share will suffer the consequences of the lowered forecasts on Thursday. The share price of the automotive group falls by about 4 percent. this also affects the prices of other auto stocks: BMW give 2.7 percent, Volkswagen 2.3 percent. The reduction in the forecast is a furrow that the trade conflict visibly… Continue reading Daimler under pressure
Porsche accelerates EV supercar ambitions with investment in Rimac
Porsche and Rimac both made electric car news at the Geneva Motor Show this year, showing off the Mission E Cross Turismo and Concept Two, respectively. Now the two companies are preparing to enter into what’s described as a close collaboration, on the heels of Porsche’s announcement that it’s purchased 10 percent of Rimac Automobili.… Continue reading Porsche accelerates EV supercar ambitions with investment in Rimac
VW and Ford are exploring Alliance
V olkswagen and Ford want to cooperate according to insiders in the construction of vans and in other areas. The Supervisory Board of the Wolfsburg Group have given the green light for talks with the second largest American carmaker to explore ways for cooperation, said two people with knowledge of the facts of the news… Continue reading VW and Ford are exploring Alliance
Porsche Buys Stake in Electric Ferrari Rival to Push Tech Shift
Porsche Buys Stake in Electric Ferrari Rival to Push Tech Shift Bloomberg Full coverage Go to Source
Audi CEO Taken into German Custody Over Diesel Probe, VW Says
Audi CEO Taken into German Custody Over Diesel Probe, VW Says Bloomberg Full coverage Go to Source
German court says investors can seek redress from Porsche SE in VW case
BERLIN (Reuters) – A German court ruled on Friday that investors pushing for damages over a sharp fall in Volkswagen (VOWG_p.DE) shares after the carmaker disclosed emissions cheating in 2015 can also seek redress from majority shareholder Porsche SE (PSHG_p.DE). FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in… Continue reading German court says investors can seek redress from Porsche SE in VW case
Audi CEO crisis threatens fragile truce among VW stakeholders
FRANKFURT (Reuters) – The arrest and detention of Audi’s (NSUG.DE) chief executive forces Volkswagen Group’s (VOWG_p.DE) competing stakeholders to renegotiate the delicate balance of power that has helped keep Rupert Stadler in office. FILE PHOTO: Audi CEO Rupert Stadler speaks during the company’s annual news conference in Ingolstadt, Germany March 15, 2018. REUTERS/Michael Dalder/File Photo… Continue reading Audi CEO crisis threatens fragile truce among VW stakeholders
Hyundai Motor Group and Audi Partner in Fuel Cell Technology
SEOUL, South Korea and INGOLSTADT, Germany, June 20, 2018 /PRNewswire/ — Hyundai Motor Group (the Group) and AUDI AG (Audi) announced they have entered into a multi-year patent cross-licensing agreement, covering a broad range of fuel cell electric vehicle (FCEV) components and technologies. Under the new partnership, the world’s fifth-largest auto-making group and the German premium… Continue reading Hyundai Motor Group and Audi Partner in Fuel Cell Technology