With immediate effect, potential customers can register for an exclusive special edition of the ID.3 , shown here in camouflage. Start of the new all-electric family will be in compact class Third major chapter in the history of the brand’s success ID. stands for intelligent design, identity and visionary technologies Months before its official world… Continue reading First member of the ID. family is called ID.3
Tag: Strategy
Daimler Financial Services: Future topic “Mobility”
08.
May 2019
Stuttgart
Jörg Lamparter, Head of Mobility Services, to become Daimler Financial Services AG Board Member for “Digital and Mobility Solutions”, effective June 1, 2019 Benedikt Schell, currently Chief Experience Officer (CXO) on the Board of Management for Daimler Financial Services AG, moving to the position of Chairman of Mercedes-Benz Bank AG in Germany Klaus Entenmann, Chairman of Daimler Financial Services AG: “In Jörg Lamparter, we are gaining a recognized expert in digital mobility services as a new Member of the Board of Management. Within Daimler Financial Services AG, which will change its name to Daimler Mobility AG this summer, he will systematically merge the growing fields of digitization and mobility.” Stuttgart, Germany – Daimler Financial Services AG is strategically realigning key areas of its business by establishing a new division on the Board of Management. Effective June1, 2019, Jörg Lamparter is poised to become a new Member of the Daimler Fina..
Meritor to Acquire AxleTech, Enhancing Growth Platform in Off-Highway, Defense and Aftermarket Segments
The transaction advances Meritor’s M2022 objectives to accelerate global sales and growth by leveraging the company’s core competencies to grow strategically in adjacent markets. The addition of AxleTech enhances Meritor’s growth platform, bringing a highly complementary global product portfolio across the off-highway, defense, specialty and aftermarket segments. AxleTech’s offerings include a full product line of… Continue reading Meritor to Acquire AxleTech, Enhancing Growth Platform in Off-Highway, Defense and Aftermarket Segments
Toyota, Honda plan to attack costs to free up cash for new tech
TOKYO (Reuters) – Two top Japanese automakers said they planned to tighten their belts in the years ahead to free up cash to develop electric cars and ride-sharing services, underscoring the hard task ahead as traditional automakers face a rapidly changing industry. FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor… Continue reading Toyota, Honda plan to attack costs to free up cash for new tech
Panasonic Ramps Up Its Smart Factory Solutions Business in India
With the smart factory solutions, Panasonic aims to be the one stop solution for all SMT, welding and digital manufacturing needs New Delhi, India – April 17, 2019 – Panasonic announced its plans to ramp up its smart factory solutions business in India. The company has integrated its welding business and SMT (Surface Mount Technology)… Continue reading Panasonic Ramps Up Its Smart Factory Solutions Business in India
Workhorse Group Reports First Quarter 2019 Results
CINCINNATI, May 7, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2019. First Quarter and Recent Operational Highlights April 2019: Entered an alliance with Duke… Continue reading Workhorse Group Reports First Quarter 2019 Results
First Quarter 2019 Results
CINCINNATI, May 7, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2019. First Quarter and Recent Operational Highlights April 2019: Entered an alliance with Duke… Continue reading First Quarter 2019 Results
BorgWarner Announces New Joint Venture Which Will Add Battery Packs to its Broad Propulsion Portfolio
AUBURN HILLS, Mich., May 7, 2019 /PRNewswire/ — With global expertise supplying combustion, hybrid and electric vehicle propulsion solutions, BorgWarner is continuing to build its electrification portfolio and systems expertise by agreeing to form a joint venture with Romeo Power Technology, a technology-leading battery module and pack supplier. This new joint venture will be split 60/40… Continue reading BorgWarner Announces New Joint Venture Which Will Add Battery Packs to its Broad Propulsion Portfolio
Successful first quarter of 2019: TRATON SE begins the year with a plus in profits of 22%
TRATON SE is off to a strong start in 2019. During the first quarter of 2019, the TRATON GROUP increased its operating profit by 21.9% compared with the prior-year quarter to €470 million. All three brands MAN, Scania, and Volkswagen Caminhões e Ônibus contributed to this positive result. Sales revenue rose by 6.0% year-on-year to… Continue reading Successful first quarter of 2019: TRATON SE begins the year with a plus in profits of 22%
Statement by Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Interim Report to 31 March 2019
Ladies and Gentlemen, Good morning! On the operational side, the BMW Group started the year as expected, in a business environment that remains challenging and volatile. Our first-quarter financials were heavily impacted by the provision of around 1.4 billion euros we made in connection with antitrust allegations by the European Commission. The Statement of Objections… Continue reading Statement by Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Interim Report to 31 March 2019