Geely Automobile Holdings Ltd., controlled by Volvo Cars owner Li Shufu, issued a profit warning that drove down its shares and those of other Chinese automakers as it sparked concern investors are underestimating the depths of the industry’s slump.
Tag: Volvo
Carmakers’ designs on patents for the future
In 1959 an engineer at Volvo patented a device with the potential to transform driving — the three-point seatbelt. The carmaker then did something extraordinary. Rather than guarding the technology closely and using its innovation to give it a competitive edge, it released the design into the public domain. “Thanks to its decision to share… Continue reading Carmakers’ designs on patents for the future
Lotus Evija: 1000bhp electric hypercar named ahead of 16 July debut
As the official picture suggests, the Evija is low and wide. Lotus design director Russell Carr, who showed the model to Autocar, says it is a similar length to the existing Evora – which is 4.4 metres long – but will sit closer to the ground and be nearly two metres wide. It uses a carbonfibre… Continue reading Lotus Evija: 1000bhp electric hypercar named ahead of 16 July debut
Żywotny pięćdziesięciolatek
*/ ]]> Historia produkcji lekkich samochodów dostawczych sięga w Oplu już 120 lat. Przez ten czas wyprodukowano wiele modeli, które kształtowały rynek motoryzacyjny na świecie. Olympia, record czy też lightning zmieniały gospodarki, pozwalały rozwijać się firmom. Tak, jak robi to dziś, produkowana od lat 90-tych seria combo. Za półtora roku w fabryce w Gliwicach rozpocznie… Continue reading Żywotny pięćdziesięciolatek
BMW isn’t finished with internal combustion engines yet
Many automakers now see electric vehicles as the long-range future of the passenger vehicle.
What may actually say more though, in the language of corporate nuance, is that few companies have gone so far as to solidly declare that the end is nigh for internal combustion engines.
Among the examples that have been so bold: Volvo won’t develop a new generation of engines after its present one; and Volkswagen will develop its last generation of internal-combustion tech in 2026. Both brands might of course keep building the engines for a decade or more after freezing development.
Don’t count BMW in that group. BMW plans to keep investing in the engineering and development of internal combustion engines for a long time—with diesel engines expected to be part of the automaker’s global product line for at least 20 years and gasoline engines for at least 30 years.
2019 BMW M2 Competition
That reality check, from remarks made by Klaus Fröhlich, the company’s BMW Group board member in charge of development, to Automotive News, stands as a sharp reality check to what was otherwise the news from BMW’s NextGen event in Munich earlier this week: electricfication.
The event this week brought a series of sweeping electric-vehicle announcements that included a stepped-up plan to electrify its lineup and bring 25 new plug-in models by 2023.
BMW Concept iX3
Fröhlich, who called the shift to electrification “overhyped” and pointed to issues with battery raw materials, noted that even with the most optimistic assumption of electric vehicle adoption, at least 80 percent of its vehicles would still have an internal-combustion engine in 2025.
Beyond then, even, the lack of a charging infrastructure may slow the adoption of fully electric vehicles in Russia, the Middle East, and even Western China, Froelich said.
The continued development of IC engines by BMW runs counter to what many inside the industry have predicted. In 2017, for instance, Wolfgang Schaefer, the CFO of the supplier Continental, predicted that investment and engineering for engines would taper off between 2023 and 2025.
That said, there will be casualties as engine lineups get trimmed down. Some of BMW’s specialty diesel engines won’t be replaced. BMW’s gasoline V-12 used in Rolls-Royce products might not be around much longer either. And BMW is currently putting together a case to save something Americans hold near and dear: the V-8.
Press Releases – Auto makers welcome conclusion of EU-Mercosur trade deal
Brussels, 1 July 2019 – The European Automobile Manufacturers’ Association (ACEA) welcomes the conclusion of negotiations on a free trade agreement between the EU and Mercosur, the South American trade bloc. Mercosur is a market of approximately 270 million people, where 3.3 million new cars were sold last year. The EU exported 73,000 cars to… Continue reading Press Releases – Auto makers welcome conclusion of EU-Mercosur trade deal
Uber Says Driverless Cars Can Only Happen in Lockstep With Regulators – Yahoo Finance
Uber Says Driverless Cars Can Only Happen in Lockstep With Regulators More Eric Meyhofer, the head of Uber’s advanced technology group, dispelled any notion on Thursday that driverless cars are a pipe dream or laughable relics from an old Jetsons cartoon. Subscribe to Skift newsletters covering the business of travel, restaurants, and wellness. Go to… Continue reading Uber Says Driverless Cars Can Only Happen in Lockstep With Regulators – Yahoo Finance
With Traton, Volkswagen sends its trucks on the stock market
Volkswagen’s trucks and buses hit the stock market. Traton, the truck branch of the manufacturer, which includes the brands MAN and Scania, makes its introduction this Friday in Frankfurt and Stockholm. But it does not arrive on the hats of wheels: at 27 euros the action, the price is in the low range Volkswagen plans,… Continue reading With Traton, Volkswagen sends its trucks on the stock market
Press Releases – Bus charging and refuelling infrastructure lacking, warn auto industry and public transport sector
Brussels, 28 June 2019 – The automobile industry and the public transport sector are calling on EU member states to step up investments in much-needed infrastructure for charging and refuelling alternatively-powered buses. The European Automobile Manufacturers’ Association (ACEA) and the International Association of Public Transport (UITP) issued this joint call following the Council of the… Continue reading Press Releases – Bus charging and refuelling infrastructure lacking, warn auto industry and public transport sector
Press Releases – Auto industry revises 2019 car sales forecast to -1%
Brussels, 27 June 2019 – In the side-lines of its annual general meeting in Brussels today, the European Automobile Manufacturers’ Association (ACEA) revised its forecast for 2019 passenger car registrations downwards to -1%. ACEA’s initial forecast, published earlier this year, was for growth of up to 1% compared to 2018. The association now expects a… Continue reading Press Releases – Auto industry revises 2019 car sales forecast to -1%