Car maker: Volkswagen beats better than its competitors – profit and dividend rise

Volkswagen The group made a profit of 17.1 billion euros last year. (Photo: AP) WolfsburgDer Volkswagen Group has increased its profit slightly in the past year. The operating result before special items amounted to 17.1 billion euros, as the car maker announced on Friday after a meeting of the Supervisory Board. That was around 100… Continue reading Car maker: Volkswagen beats better than its competitors – profit and dividend rise

VW warns of headwinds, to redouble efforts to meet targets

The Volkswagen show floor is seen under setup at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blinch FRANKFURT (Reuters) – Volkswagen warned investors about a tough year ahead as the 12-brand car and truck making group posted disappointing preliminary full-year results on Friday. “The headwinds in key markets are expected… Continue reading VW warns of headwinds, to redouble efforts to meet targets

New partnership: Mytaxi becomes Free now – Daimler and BMW combine their mobility services

BMW boss Harald Krüger (left) and Daimler CEO Dieter Zetsche In a former subway tunnel under Potsdamer Platz in Berlin, two long-time rivals became partners on Friday. (Photo: AP) Berlin have been more than a hundred years Daimler and BMW bitter rivals. There were times when people in Stuttgart only mockingly talked about Munich and… Continue reading New partnership: Mytaxi becomes Free now – Daimler and BMW combine their mobility services

UPDATE 2-Magna International profit beats on strength in vehicle assembly unit

(Adds details on business segments) Feb 22 (Reuters) – Canada’s Magna International Inc beat analysts’ estimates for quarterly profit on Friday as the auto parts maker assembled more vehicles, benefiting from new launches by car makers Jaguar Land Rover and Daimler AG. Sales at its complete vehicles unit rose 39 percent to $1.69 billion, with… Continue reading UPDATE 2-Magna International profit beats on strength in vehicle assembly unit

Volvo Cars takes major step towards its electrified future with a range of new hybrid powertrains

Volvo Cars takes major step towards its electrified future with a range of new hybrid powertrains   Volvo Cars has today taken a significant step towards its electrification goals with the release of upgraded and newly-developed electrified powertrain options, to be made available across its entire model range going forward.   The company has upgraded… Continue reading Volvo Cars takes major step towards its electrified future with a range of new hybrid powertrains

Volvo Cars introduces refreshed Volvo XC90 SUV

Volvo Cars introduces refreshed Volvo XC90 SUV   Volvo Cars has today unveiled a refreshed version of its best-selling XC90 large SUV, the company’s top-of-the-line flagship, adding a newly-developed fuel-saving engine option that marks the next step in the company’s ambitious electrification strategy.   The refreshed XC90 for the first time offers customers Volvo’s advanced… Continue reading Volvo Cars introduces refreshed Volvo XC90 SUV

Delphi Technologies reports fourth quarter and full year 2018 financial results, provides full year 2019 outlook

LONDON, Feb. 21, 2019 /PRNewswire/ — Delphi Technologies PLC (NYSE: DLPH) (“Delphi Technologies” or the “Company”), a global leader in vehicle propulsion, today reported fourth quarter 2018 U.S. GAAP earnings of $1.52 per diluted share. Excluding special items, fourth quarter earnings totaled $1.06 per diluted share. The Company also reported revenue of $1.2 billion for the… Continue reading Delphi Technologies reports fourth quarter and full year 2018 financial results, provides full year 2019 outlook

Argonne develops lighter, cheaper, more efficient motor for EVs, charging

Wind farm outside Fort MacLeod, Alberta, Canada [photographer: Joel Bennett]
Saving weight and increasing efficiency and power are among the most common goals for electric-car engineers. The biggest breakthroughs in those specs generally come in batteries. But it's not the only place.

Now scientists at Argonne National Labs have developed a lighter, cheaper, and more efficient motor, called HyMag, that can give equivalent gains and could also be applied to renewable energy generation.

CHECK OUT: Wind and solar cost less than coal for power

The HyMag motor adds “enhancing layers” to the structure of the materials that make up a permanent magnet motor to improve its magnetic flux density. What's more, the scientists can vary the structure and materials to maximize efficiency for different applications, such as electric cars or wind turbines. (HyMag can work either as a motor or a generator.)

The scientists say their new material design can improve flux density by 10 to 30 percent compared with conventional permanent magnet motors. That could give electric cars more range without bigger batteries.

HyMag Motor design from Argonne National Lab

Depending on the application, HyMag motors can require 90 percent fewer rare-earth materials, which can help bring down costs, Argonne says.

“In the past 15 to 20 years, the increase in magnet energy product reached a plateau due to lack of material solution,” said Yuepeng Zhang, one of the Argonne scientists who invented the HyMag motor.

READ THIS: Report: Battery production could offset emissions gains from electric cars

“You have to have higher flux density in order to have more efficiency,” added Argonne group leader of Nanomaterials, Devices, and Systems Kaizhong Gao, co-inventor of the motor. “This additional efficiency will translate into either more energy produced, or you will have less loss.”

The greater efficiency can have compound benefits. In addition to fewer materials, the motors can be lighter for the same amount of power, further reducing materials and cost. The lighter motors can also require smaller housings, saving even more weight and cost. In a statement announcing the HyMag motors Argonne notes that this could allow bigger wind turbines that can run in higher winds to produce more power.

In 2018, Groupe PSA contributed nearly €5 billion to France’s trade balance

Nearly €5 billion automobile trade surplus Surplus of 362,000 vehicles exported 14 Peugeot, Citroën and DS vehicles earn “Guaranteed French Origin” label Groupe PSA is a key contributor to France’s trade balance in 2018, with a surplus of €4.9 billion[1]. The five vehicle assembly plants produced 1.2 million vehicles, an increase of 6.4% on 2017,… Continue reading In 2018, Groupe PSA contributed nearly €5 billion to France’s trade balance

Interview with Bram Schot: Audi CEO plans radical austerity program: “We have too many executives on board”

Audi boss Bram Schot The new CEO Bram Schot plans a drastic austerity program at Audi. (Photo: AUDI AG) Ingolstadt If the AudiSupervisory Board meets on Thursday, then the management report for 2018 will probably be sobering. In the third year of the diesel crisis, sales are declining, yield in the basement, and the prospects… Continue reading Interview with Bram Schot: Audi CEO plans radical austerity program: “We have too many executives on board”