The Volkswagen Group can give a positive interim report on its exchange incentives for diesel vehicles. Since August 2017, more than 300,000 old diesel vehicles to exhaust emissions standards Euro 1 to Euro 5 have been exchanged throughout the Group. They have been replaced by new or nearly new cars from the participating Group brands… Continue reading Volkswagen exchanges more than 300,000 old diesels
Tag: Financial Results
Capgemini research shows AI will drive profitability in automotive
The Capgemini Research Institute has found that just 10% of major automotive companies are implementing artificial intelligence (AI) projects at scale, despite evidence that the technology could add millions to their profits. A study carried out by the research body found that AI could increase the operating profit of businesses in the sector by up… Continue reading Capgemini research shows AI will drive profitability in automotive
China Automotive Systems Reports Fourth Quarter and Fiscal 2018 Results
WUHAN, China, March 28, 2019 /PRNewswire/ — China Automotive Systems, Inc. (NASDAQ: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its unaudited financial results for the fourth quarter and the audited results for the fiscal year ended December 31, 2018. Fourth Quarter 2018 Highlights Net sales were… Continue reading China Automotive Systems Reports Fourth Quarter and Fiscal 2018 Results
Honda Global | March 28, 2019 SUBARU, Nissan, and Mazda Vehicles to Be Newly Equipped with “D-Call Net®” Advanced Automatic Collision Notification System
A total of nine organizations, including HEM-Net, Toyota, Honda, HELPNET, Bosch, and Premier Aid will now promote D-Call Net® initiatives throughout Japan Tokyo, Japan, March 28, 2019—Three new automobile manufacturers—SUBARU, Nissan, and Mazda—are to participate in D-Call Net®, which comprises the certified non-profit organization Emergency Medical Network of Helicopter (HEM-Net), automobile manufacturers, and service providers.… Continue reading Honda Global | March 28, 2019 SUBARU, Nissan, and Mazda Vehicles to Be Newly Equipped with “D-Call Net®” Advanced Automatic Collision Notification System
Lucid Motors might unveil Air-based Electric SUV later this year – Drivers Magazine
Lucid Motors unveiled Air almost two years ago and till now, it is only luxury sedan from the company confirmed for production. Nonetheless, according to The Verge, a second model is all set to be revealed inform of a new SUV. It will be newest member in the range and might be announced by this… Continue reading Lucid Motors might unveil Air-based Electric SUV later this year – Drivers Magazine
Press: ZF acquires mobility provider 2getthere
“2getthere has more than three decades of experience in the market for autonomous passenger transport vehicles as well as unique engineering and software competences. This acquisition supports our strategy to become a leading autonomous transportation systems supplier in the booming new mobility market”, said Wolf-Henning Scheider, Chairman of the Board of Management at ZF Friedrichshafen… Continue reading Press: ZF acquires mobility provider 2getthere
Uber Buys Middle East Rival Careem for $3.1B
The Careem brand and app will remain the same, and the Careem co-founders will stay on with the company. Photo via Uber. Uber announced Monday that it will spend $3.1 billion to buy Middle East ride-hailing group Careem, Reuters reports. The San Francisco-based ride-hailing firm will pay $1.4 billion cash and $1.7 billion in convertible… Continue reading Uber Buys Middle East Rival Careem for $3.1B
Ford Restructures Russian Joint Venture to Grow Commercial Vehicle Business; Exiting Passenger Vehicle Market in Russia
Supporting Ford’s global redesign strategy to strengthen its leadership in commercial vehicles and growth in Europe, Ford and its partner, Sollers PJSC, confirm the restructuring of their Russian joint venture A restructured Ford Sollers will build on Ford Transit strength as Russia’s top-selling, non-domestic commercial vehicle nameplate and maintains a strong brand presence in the… Continue reading Ford Restructures Russian Joint Venture to Grow Commercial Vehicle Business; Exiting Passenger Vehicle Market in Russia
Volvo Cars issues new EUR bond
VOLVO CAR AB STOCK EXCHANGE RELEASE 26 March 2019 at 17:20 CET Volvo Cars issues new EUR bond Volvo Cars has today successfully issued a EUR 600m bond under its Euro Medium Term Note programme. The bond matures in April 2024 and pays a fixed coupon of 2.125%. The issue price was 99.625,… Continue reading Volvo Cars issues new EUR bond
China Evergrande says diversification complete, eyes top electric vehicle spot
Minister for IT, Rohan Khaunte, on Saturday said that the ministry planned to formulate dedicated policies for ESDM and electric vehicles which could see the light of day in the coming year. By Clare Jim HONG KONG: China Evergrande Group wants to be a big player in the electric vehicle industry because of its potential… Continue reading China Evergrande says diversification complete, eyes top electric vehicle spot