Tag: Financial Results

BMW raises prices in China because of US tariffs

Monday, 09/07/2018 15:15 clock German SUVs are becoming more expensive for Chinese customers. BMW wants to raise its prices in China because of the increased toll on US cars. Currently, the company is still calculating the “necessary price increases” in this context. At the moment, however, it still remains at the current list prices for… Continue reading BMW raises prices in China because of US tariffs

Adient Declares Quarterly Dividend

PLYMOUTH, Mich., June 5, 2018 /PRNewswire/ — The board of directors of Adient plc (NYSE: ADNT), a global leader in automotive seating, today announced that its Board of Directors declared a quarterly cash dividend of $0.275 per ordinary share, payable on August 15, 2018 to shareholders of record at the close of business on July 18,… Continue reading Adient Declares Quarterly Dividend

BMW, Daimler, telcos in push to get EU adopt connected car standard

BRUSSELS (Reuters) – BMW, Daimler, Deutsche Telekom and Ericsson have urged the European Commission to back a technology for connected cars they believe would help to speed up the rollout of 5G mobile networks across the bloc. FILE PHOTO: A logo of the German luxury carmaker BMW is seen during the company’s annual news conference… Continue reading BMW, Daimler, telcos in push to get EU adopt connected car standard

Tesla raises car prices in China -Electrek

(Reuters) – Tesla Inc (TSLA.O) has raised prices on its Model X and S cars by over $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers to hike prices in the wake of rising trade tensions. FILE PHOTO: A sign is seen outside Tesla Motors’ new… Continue reading Tesla raises car prices in China -Electrek

Fiat Chrysler Is Being Sued Over a Software Flaw

Photo: Fiat Chrysler Last week, a California judge decided to allow a class action lawsuit filed in December 2017 against Fiat Chrysler to proceed. The lawsuit, which could have major ramifications for carmakers, was filed in response to stalling issues with 2017 Chrysler Pacifica minivans that the plaintiffs allege were caused by known software defects. The plaintiffs… Continue reading Fiat Chrysler Is Being Sued Over a Software Flaw

PSA explores partial sales of Opel Research Center

Wednesday, 07/04/2018 10:32 clock PSA boss Carlos Tavares wants by 2020 Opel out of the red. Part of the restructuring plan could also be a partial sale of Opel’s R & D center. According to the French daily Le Monde, the French carmaker is considering Peugeot Citroën (PSA) such a step. Four sectors could be… Continue reading PSA explores partial sales of Opel Research Center

Opel drives clearly behind the competition

Opel has clearly lost ground on the German car market in the first half of the year. At the same time, more cars have been registered under the line than a year ago, as figures from the Kraftfahrt-Bundesamt show. For example, market leaders VW and competitor Ford have significantly increased their sales. After all, Opel… Continue reading Opel drives clearly behind the competition

VINFAST partners with AAPICO Hitech to establish joint venture manufacturing Body in White in Vietnam

VINFAST partners with AAPICO Hitech to establish joint venture manufacturing Body in White in Vietnam 06/12/2018 02:16 AAPICO Hitech Plc, one of Thailand’s leading auto parts manufacturers with a market cap of THB 12 billion (or approx. US$400 million), today signed a joint venture Memorandum of Understanding (MOU) with VINFAST Trading & Production LLC –… Continue reading VINFAST partners with AAPICO Hitech to establish joint venture manufacturing Body in White in Vietnam