Volkswagen which is expanding its global production network for electric cars has announced plans to build the all-electric ID.4 in Emden. The Emden plant, with its 8,000 employees, has been renovated with an investment of around one million euros, making it the first high-tech site for electric mobility in Lower Saxony. Ralf Brandstatter, CEO, Volkswagen… Continue reading Volkswagen to build all-electric ID.4 at Emden
Tag: Mobility
Airbnb to shut down domestic operations in China
Airbnb is shutting down its business in mainland China this summer due to mounting costs and domestic competition, reported CNBC. The online vacation rental platform first launched operations in China in 2016, spurred by enthusiasm from Chinese tourists who frequently use it while traveling abroad. But according to sources who spoke to CNBC, Airbnb’s China… Continue reading Airbnb to shut down domestic operations in China
German Handelsblatt: Transformation to electric mobility: ZF, Mahle, Knorr-Bremse, Grammer: why so many automotive suppliers are looking for a new boss004359
When the Munich-based supplier group Knorr- Bremse invites you to its annual general meeting on Tuesday, a CEO will once again be missing. After the short guest appearance of the former Linde manager Bernd Eulitz, the former Siemens manager Jan Mrosik left the ship in March. Both of them, it was said afterwards, never arrived… Continue reading German Handelsblatt: Transformation to electric mobility: ZF, Mahle, Knorr-Bremse, Grammer: why so many automotive suppliers are looking for a new boss004359
Snap says it will miss this quarter’s revenue goals and slow hiring
Snap CEO Evan Spiegel wrote in an internal memo that the company will miss its revenue goals for this quarter. Snap will also slow its pace of hiring, a tactic that companies like Meta and Uber have employed as a way to cut costs. Though Snap continues to grow year over year, Spiegel says the… Continue reading Snap says it will miss this quarter’s revenue goals and slow hiring
NEVONEX market launch: now available in German-speaking regions
Mobility Solutions is the largest Bosch Group business sector. It generated sales of 45.3 billion euros in 2021, and thus contributed 58 percent of total sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is safe, sustainable, and exciting,… Continue reading NEVONEX market launch: now available in German-speaking regions
Bosch Power Tools sets all-time high with sales of 5.8 billion euros in 2021
The Robert Bosch Power Tools GmbH, a division of the Bosch Group, is one of the world’s leading providers for power tools, garden tools, power tool accessories and measuring tools. In 2021, its roughly 21,000 associates generated sales of 5.8 billion euros, about 80 percent of which outside of Germany. With brands such as Bosch… Continue reading Bosch Power Tools sets all-time high with sales of 5.8 billion euros in 2021
@Ford: Jim Farley to Discuss Ford+ Plan for Growth, Value Creation, Shift to Digital EVs at Bernstein Conference on June 1
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Jim Farley to Discuss Ford+ Plan for Growth, Value Creation, Shift to Digital EVs at Bernstein Conference on June 1
@Hyundai: Kia Sells 10 Millionth Vehicle in the United States
Kia is Among the Fastest OEMs to Reach the 10 Million Mark in America Continuing its rapid expansion, this month Kia America celebrates the sale of the 10 millionth Kia vehicle in the U.S. Since start of sales in 1993, Kia’s growth is one of the auto industry’s greatest success stories and the result of… Continue reading @Hyundai: Kia Sells 10 Millionth Vehicle in the United States
Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part of that pot includes the $5.5 billion Hyundai has earmarked for its new EV plant and battery manufacturing facility in Georgia announced Friday. Non-affiliated suppliers are contributing another $1 billion into that… Continue reading Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Europa Wire: Rheinmetall and its joint venture in China to deliver millions of transmission housings for a world-leading maker of electric vehicles000316
Rheinmetall and its joint venture in China to deliver millions of transmission housings for a world-leading maker of electric vehicles (PRESS RELEASE) DÜSSELDORF, 23-May-2022 — /EuropaWire/ — Rheinmetall AG (ETR: RHM), a German integrated technology group active in the automotive and defence industries, has announced a major order for the supply of millions of transmission… Continue reading Europa Wire: Rheinmetall and its joint venture in China to deliver millions of transmission housings for a world-leading maker of electric vehicles000316