LOS ANGELES (Reuters) – Luxury automaker Jaguar Land Rover’s chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger. FILE PHOTO: The Jaguar logo is shown as the Jaguar F-Pace SUV is introduced during the Los Angeles Auto Show… Continue reading Jaguar Land Rover chief wants alliances, not a merger
Tag: Brexit
Aston Martin DBX: Andy Palmer on why it matters – CarAdvice
Aston’s boss tells CarAdvice why the DBX is vital to Aston’s future. Times are tough at Aston Martin. The English sports car maker’s share price has fallen by two thirds since it floated on the UK stock market last year, hit by both the uncertainties of Britain’s chaotic Brexit from the European Union and slipping… Continue reading Aston Martin DBX: Andy Palmer on why it matters – CarAdvice
Daimler says to cut jobs to save 1.0 bn euros by end-2022
Daimler said it was being forced to reduce costs because “the expanded range of plug-in hybrids and all-electric vehicles is leading to cost increases that will have a negative impact on Mercedes-Benz Cars’ return on sales”. Frankfurt am Main: Daimler said Thursday it planned to cut jobs to save more than 1.0 billion euros ($1.1… Continue reading Daimler says to cut jobs to save 1.0 bn euros by end-2022
Daimler seeks 1 billion euros in savings at Mercedes-Benz by cutting jobs
FILE PHOTO: A Mercedes-Benz Concept IAA car is displayed prior to the Daimler annual shareholder meeting in Berlin, Germany, April 6, 2016. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Tougher emissions rules will hit Daimler’s profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting… Continue reading Daimler seeks 1 billion euros in savings at Mercedes-Benz by cutting jobs
Martinrea International Inc. Reports Record Third Quarter Results and Declares Dividend
TORONTO, Nov. 12, 2019 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the third quarter ended September 30, 2019 and that it has… Continue reading Martinrea International Inc. Reports Record Third Quarter Results and Declares Dividend
‘Berlin rocks’ says Elon Musk as he picks factory
Media playback is unsupported on your device Tesla’s chief executive, Elon Musk, has said Berlin will be the site of its first major European factory as the carmaker’s expansion plans power ahead. “Berlin rocks,” Mr Musk said, adding Tesla would build an engineering and design centre in the German capital. Tesla previously said it aimed… Continue reading ‘Berlin rocks’ says Elon Musk as he picks factory
Chinese-invested auto powertrain test center opens in UK despite Brexit uncertainty
BIRMINGHAM, Britain, Nov. 12 (Xinhua) — A world-class auto powertrain test center, invested by China's Changan Automobile, was unveiled Tuesday in the British industrial city of Birmingham despite continuing uncertainty caused by Brexit.
Zhang Xiaoyu, director of Changan's Blue Core NE Powertrain Platform, said Birmingham was chosen as the start of the company's global powertrain research and development journey because the UK is the birthplace of the Industrial Revolution with an innovative spirit and an abundance of talent resources.
The test center is designed to test automotive powertrains, including engine and transmission. The center can be used to test Changan's engine products for conventional cars as well as power systems for hybrid electric vehicles and pure electric vehicles.
Tim Pile, chair of Greater Birmingham and Solihull Local Enterprise Partnership, said Chinese investment has helped the region grow and created jobs needed for the renaissance of th..
Tesla cites Brexit as Germany chosen over UK for European plant
Tesla US electric carmaker will build battery factory in Berlin, says boss Elon Musk Tesla’s Elon Musk says: ‘Everyone knows that German engineering is outstanding, for sure, and that’s part of the reason why we are locating our gigafactory Europe in Germany.’ Photograph: John Thys/AFP via Getty Images The Tesla boss, Elon Musk, has said… Continue reading Tesla cites Brexit as Germany chosen over UK for European plant
‘Think of what PSA/FCA can do, not what they can’t’
We’ve kind of been here before (insert Renault where you see PSA), but the news that FCA (think Fiat, Jeep, Alfa Romeo, Chrysler, Maserati, Abarth, Dodge and others) is joining forces with PSA (Peugeot, Citroen, Vauxhall/Opel, DS) fills me with huge excitement. Sadly that’s not the case everywhere, with Unite union boss and doom-monger-in-chief Des… Continue reading ‘Think of what PSA/FCA can do, not what they can’t’
Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Report to 30 September 2019
Good morning, Ladies and Gentlemen! In recent years, much has been written about how car manufacturers need to change their business model. What people don’t talk about enough is the fact that the real transformation is taking place in the vehicle itself. That is where the real challenge lies. The car is a highly complex… Continue reading Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Quarterly Report to 30 September 2019