Volkswagen is expected to sell the unprofitable luxury brand Bugatti to the Croatian sports car specialist Rimac. This was announced by CEO Herbert Diess (62) on Tuesday at the presentation of the balance sheet for 2020. The manager magazin had already in September last year about the imminent decision reported. The most likely solution for… Continue reading German Manager Magazin: Volkswagen AG: Herbert Diess wants to sell Bugatti to Rimac000653
Tag: Strategy
@VW Group: Volkswagen Group set to use platform model for issues of the future002638
The Volkswagen Group is stepping up the pace of its transformation into the leading provider of individual mobility in the electric and fully connected age. To this end, the Group will systematically enhance its successful platform strategy. In future, vehicles and services of all Group brands are to be based on largely standardized technical foundations.… Continue reading @VW Group: Volkswagen Group set to use platform model for issues of the future002638
Bird will double its size in Europe with massive $150 million spend
Bird says it will spend $150 million on a major expansion in Europe. The Santa Monica-based scooter sharing company announced that it will bring its battery-powered two-wheelers to 50 new cities on the continent in the coming months, in addition to growing its fleet in its current markets. The move comes as scooter sharing continues… Continue reading Bird will double its size in Europe with massive $150 million spend
Feb 18, 2021, 06:59 ETDana Incorporated Reports 2020 Financial Results, Including Strong New Business Backlog of $700 million; Issues Guidance for 202…
MAUMEE, Ohio, Feb. 18, 2021 /PRNewswire/ — Full-year Results Sales of $7.1 billion, a decrease of $1.5 billion driven by effects of global pandemic Net loss attributable to Dana of $31 million; diluted EPS a loss of $0.21 Adjusted EBITDA of $593 million, margin of 8.3 percent of sales Diluted adjusted EPS of $0.39 Operating… Continue reading Feb 18, 2021, 06:59 ETDana Incorporated Reports 2020 Financial Results, Including Strong New Business Backlog of $700 million; Issues Guidance for 202…
@McLaren: McLaren Automotive appoints Gareth Dunsmore as Chief Marketing Officer000094
15 Mar 2021 Luxury British supercar maker McLaren Automotive has appointed Gareth Dunsmore as Chief Marketing Officer. Gareth will be part of McLaren’s executive team, heading-up global marketing, luxury brand strategy, brand and lifestyle events and the PURE McLaren experiences programme. He will also lead McLaren’s focus on growing merchandising, licensing and partnerships and Automotive’s… Continue reading @McLaren: McLaren Automotive appoints Gareth Dunsmore as Chief Marketing Officer000094
@VW Group: Reimold: “A fascinating car at the right time”002631
Mr. Reimold, will combustion engines still be made in 2050? Abrecht Reimold: Based on everything I’ve seen thus far, the answer is a clear yes. Here at Porsche we adopted a clear and sustainable product strategy years ago. It’s based on the three pillars of fuel-efficient combustion engines, low-emission hybrid models and all-electric vehicles. Low-emission technologies… Continue reading @VW Group: Reimold: “A fascinating car at the right time”002631
@VW Group: Iberdrola, Volkswagen Group and SEAT S.A. strengthen their partnership to accelerate electrification in Spain002628
Signing of a strategic alliance to encourage the use of 100% green and renewable energy throughout the life cycle of vehicles Go to Source
@Daimler: 23. Feb 2021Daimler Truck AG and Cummins Inc. announce global plan for medium-duty commercial vehicle engines
February 23, 2021 – Today Daimler Truck AG and global power leader and independent engine manufacturer Cummins Inc. (NYSE: CMI) announced that the companies have signed a memorandum of understanding establishing a global strategic partnership for medium-duty engine systems. The companies added that other opportunities for collaboration are also being evaluated. As part of the… Continue reading @Daimler: 23. Feb 2021Daimler Truck AG and Cummins Inc. announce global plan for medium-duty commercial vehicle engines
Verra Mobility Announces Extension and Amendment of Existing Credit Agreement; Launches Senior Notes Offering
MESA, Ariz., March 15, 2021 /PRNewswire/ — Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, today announced its intention to extend and amend its existing 2020 credit agreement and issue new senior unsecured notes due 2029. “We believe transitioning to a fixed and variable debt capital structure is timely and addresses our… Continue reading Verra Mobility Announces Extension and Amendment of Existing Credit Agreement; Launches Senior Notes Offering
MAHLE eyes gains from e-mobility, to increase actuator output to 6m units
Yet another global component supplier is betting big on electric mobility. MAHLE, with an annual production of 2.5 million units, is currently one of the world’s three largest manufacturers of mechatronic actuators for automotive applications. Actuators convert electrical energy into mechanical movement. In electric vehicles, they are used to control the transmission and the air-conditioning… Continue reading MAHLE eyes gains from e-mobility, to increase actuator output to 6m units