LISTEN TO ARTICLE SHARE THIS ARTICLE BMW’s Brazil plans are going nowhere. The country’s luxury vehicle segment is growing in 2018 for the first time in three years, and the German carmaker says it’s selling twice as fast as its peers — and that’s still not enough with Brazil failing to implement policy, on top… Continue reading BMW Is in Limbo With Brazil Stalling on Industrial Policy
Tag: Financial Results
Adient CEO resigns, company slashes profit outlook
(Reuters) – Car seats maker Adient Plc (ADNT.N) said on Monday Chief Executive Officer R. Bruce McDonald is stepping down and the company slashed its profit forecast for the year, sending its shares tumbling 17 percent. The company said former General Motors Co (GM.N) CEO Frederick Henderson will take over as interim chief, while McDonald… Continue reading Adient CEO resigns, company slashes profit outlook
Crypto Giant Binance to Offer Euro Trading Pairs This Year
LISTEN TO ARTICLE SHARE THIS ARTICLE Binance, one of the world’s largest cryptocurrency exchanges by traded value, will soon allow customers to convert digital tokens into fiat currencies such as the euro, according to Chief Executive Officer Zhao Changpeng. The venue will allow euro trading later this year from its Malta operations, Zhao said by… Continue reading Crypto Giant Binance to Offer Euro Trading Pairs This Year
UPDATE 2-Audi CEO named as suspect in German emissions probe
FRANKFURT (Reuters) – German prosecutors on Monday widened an emissions cheating probe into Volkswagen’s luxury carmaker Audi (NSUG.DE) to include the brand’s Chief Executive Rupert Stadler among the suspects accused of fraud and false advertising. FILE PHOTO: Audi CEO Rupert Stadler arrives to the company’s annual shareholders meeting in Ingolstadt, Germany May 9, 2018. REUTERS/Michael… Continue reading UPDATE 2-Audi CEO named as suspect in German emissions probe
Breakingviews – Trump-Kim parley has a downside for Xi
HONG KONG (Reuters Breakingviews) – Success in Singapore this week could have a downside for China. Any breakthrough in Tuesday’s talks between North Korean leader Kim Jong Un and U.S. President Donald Trump, after years of nuclear threats, would be an economic win for Seoul and others in the region. The People’s Republic itself may… Continue reading Breakingviews – Trump-Kim parley has a downside for Xi
Jaguar E-Pace range boosted by new AI tech and engine
Jaguar has introduced new self-learning technology to its Jaguar E-Pace SUV, in addition to a new petrol engine and the option of adaptive dampers. Dubbed ‘Smart Settings’, the new AI-based tech first made its debut on the I-Pace electric SUV. Jaguar says that by learning the driver’s habits it’ll be able to reduce distractions with the… Continue reading Jaguar E-Pace range boosted by new AI tech and engine
UPDATE 1-Audi CEO targeted in German prosecutor’s emissions probe
FRANKFURT (Reuters) – German prosecutors on Monday said they have widened an emissions cheating probe against Volkswagen’s (VOWG_p.DE) luxury car brand Audi [NSUG.DE] to include Chief Executive Rupert Stadler among the suspects accused of fraud and false advertising. FILE PHOTO: Audi CEO Rupert Stadler arrives to the company’s annual shareholders meeting in Ingolstadt, Germany May… Continue reading UPDATE 1-Audi CEO targeted in German prosecutor’s emissions probe
Tesla opens its 10,000th Supercharger station
Tesla, Twitter Tesla’s Supercharger network has come a long, long way since it was available in a handful of California towns in late 2012. The automaker has opened its 10,000th Supercharger station in Belleville, Ontario, Canada as part of a rapid expansion that (as of late May) included roughly 1,000 stations either in construction or… Continue reading Tesla opens its 10,000th Supercharger station
Possible cartel for spare parts: Consultants should have helped Renault and Peugeot in price agreements
All articles and backgrounds 05/31/2018 Possible cartel for spare parts Accenture is said to have helped Renault and Peugeot in price fixing By Kristina Gnirke, Spiegel Online DPA A mechanic works at the bottom of a car With secret information to Renault and Peugeot Citroën have retracted a billion profit on spare parts. Mastermind of… Continue reading Possible cartel for spare parts: Consultants should have helped Renault and Peugeot in price agreements
Ford Refuses to Rush Into Robo -Taxis Even After GM, Waymo Deals
General Motors Co. and Alphabet Inc.’s Waymo rocked the auto industry last week with self-driving deals that will have each deploying thousands of robo-taxis onto U.S. roads over the next 18 months. Ford Motor Co., meanwhile, will continue biding its time. The second-largest U.S. automaker is going to keep playing the long game after news… Continue reading Ford Refuses to Rush Into Robo -Taxis Even After GM, Waymo Deals