Dear reader, Some of the nation’s auto plants are currently on vacation, and many others are about to have their free time. Apart from the incoming orders, the summer slump in the industry is canceled. In China, Volkswagen is turning its strategy inside out, more on that later. In Germany, the Chinese competitors are attacking… Continue reading German Manager Magazin: Wissing, the stimulus figure, and Winterkorn in exile: The new newsletter manage:mobility002627
Tag: Strategy
German Handelsblatt: Entry into Xpeng: New electric cars for China: VW is entering into the Chinese manufacturer Xpeng007354
For the ramp-up of electric mobility in China, the Volkswagen Group will in future rely on a platform partnership with the Chinese electric car manufacturer Xpeng. In an extraordinary supervisory board meeting on Wednesday, the committee gave the green light for the cooperation.Together with Xpeng, VW wants to develop two new electric models for the… Continue reading German Handelsblatt: Entry into Xpeng: New electric cars for China: VW is entering into the Chinese manufacturer Xpeng007354
John Lau takes legal action against Heath Zarin, EV Cornerstone
Cargo Services Far East Limited and CS International (Seafreight) Limited file lawsuit against EV Cargo Global Forwarding GmBH HONG KONG, July 26, 2023 /PRNewswire/ — Mr. John Lau Shek Yau (“John Lau or Mr. Lau”), founder of Cargo Services Group as well as JL Enterprises, began legal dispute and litigation proceedings against Heath Brian Zarin… Continue reading John Lau takes legal action against Heath Zarin, EV Cornerstone
H World Announces Preliminary Q2 Operating Results
RevPAR Recovers To 121% Of The 2019 Level HONG KONG, July 26, 2023 /PRNewswire/ — H World Group Limited (“H World” or “the Group”, NASDAQ: HTHT and HKEX: 1179) announced its preliminary results for hotel operations in the second quarter ended 30 June 2023 (“Q2 2023“). As of 30 June 2023, H World operates 8,750 hotels with… Continue reading H World Announces Preliminary Q2 Operating Results
Upgrade Acquires Uplift for $100 Million in Cash and Stock
Acquisition Will Make Travel More Accessible and Affordable for Millions of Consumers SAN FRANCISCO, July 27, 2023 /PRNewswire/ — Upgrade, Inc., a fintech company that offers affordable and responsible credit, mobile banking and payment products to mainstream consumers, today announced the acquisition of Uplift, Inc., the leading provider of Buy Now Pay Later (BNPL) payment… Continue reading Upgrade Acquires Uplift for $100 Million in Cash and Stock
Autohome Inc. Announces Unaudited 2023 Second Quarter and Interim Financial Results
BEIJING, July 27, 2023 /PRNewswire/ — Autohome Inc. (NYSE: ATHM; HKEX: 2518) (“Autohome” or the “Company”), the leading online destination for automobile consumers in China, today announced its unaudited financial results for the three months and six months ended June 30, 2023. Second Quarter 2023 Highlights[1] Net Revenues in the second quarter of 2023 were RMB1,833.0 million (US$252.8… Continue reading Autohome Inc. Announces Unaudited 2023 Second Quarter and Interim Financial Results
German Handelsblatt: Ola Källenius: 40 billion euros are not enough: Mercedes is increasing investments in electromobility007351
Ola Källenius The Mercedes boss is pushing ahead with his electric strategy despite setbacks. (Photo: Bloomberg) The Stuttgart car manufacturer Mercedes-Benz wants to invest even more money in the development and production of electric cars. “We are increasing the stakes,” says CEO Ola Källenius in an interview with the Handelsblatt. The Swedish-German manager is reacting… Continue reading German Handelsblatt: Ola Källenius: 40 billion euros are not enough: Mercedes is increasing investments in electromobility007351
German Handelsblatt: Ola Källenius: 40 billion euros are not enough: Mercedes is increasing investments in electromobility007351
Ola Källenius The Mercedes boss is pushing ahead with his electric strategy despite setbacks. (Photo: Bloomberg) The Stuttgart car manufacturer Mercedes-Benz wants to invest even more money in the development and production of electric cars. “We are increasing the stakes,” says CEO Ola Källenius in an interview with the Handelsblatt. The Swedish-German manager is reacting… Continue reading German Handelsblatt: Ola Källenius: 40 billion euros are not enough: Mercedes is increasing investments in electromobility007351
E-car offensive: VW and Audi join forces with Chinese manufacturers
The Volkswagen Group is expanding its e-mobility strategy for the Chinese market through cooperation with the local manufacturers Xpeng and Saic. (VW, automobile) Go to Source
Kamux will open a new flagship showroom in the Lakalaiva area in Tampere, Finland, in spring 2024
HÄMEENLINNA, Finland, July 27, 2023 /PRNewswire/ — Kamux, a company specializing in used car sales, continues to implement its growth strategy and will open a new flagship showroom in the Lakalaiva area in Tampere, Finland in late spring 2024. The new megastore with app. 400 cars will be opened in a completely new building that… Continue reading Kamux will open a new flagship showroom in the Lakalaiva area in Tampere, Finland, in spring 2024