The Audi Group increased its revenue and earnings under difficult conditions in 2017. For the first time, revenue surpassed the mark of €60 billion, thus more than doubling over the past eight years. With an operating profit of €5.1 billion before special items, the corresponding operating return on sales of 8.4 percent is within the… Continue reading Audi achieves robust performance in a challenging financial year 2017 and accelerates business transformation
Tag: Strategy
Automobili Lamborghini crosses billion Euro turnover threshold
Worldwide sales grow for seventh consecutive year to 3,815 units Turnover increases by 11% to 1,009 Mio. Euro, the best ever Sustained, profitable growth path evidenced Super SUV Urus, presented in December 2017, doubles production capacity and creates new jobs Company maintains optimistic corporate outlook Sant’Agata Bolognese, 15 March 2018 – In Fiscal Year 2017… Continue reading Automobili Lamborghini crosses billion Euro turnover threshold
Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale
Please click HERE for a PDF version of the release. Magna and Lyft will fund and develop self-driving systems Co-developed self-driving systems can be deployed on the Lyft network as well as for the entire automotive industry The partnership will benefit from data generated by the 5+ billion miles traveled per year on the Lyft… Continue reading Press Release – Magna and Lyft Announce a Multi-Year Partnership to Develop and Manufacture Self-Driving Systems at Scale
Mercedes-Benz will invest 100 million in Thailand for the production of batteries for vehicles
Published 3/14/2018 12:30 AM: 56CET STUTTGART (GERMANY), 14 Mar. (EUROPA PRESS) – The Mercedes-Benz Cars automobile group will invest 100 million euros in Bangkok, together with its local partner TAAP, for the production of electric vehicle batteries, the German company said in a statement. This investment will go towards the expansion of the existing car… Continue reading Mercedes-Benz will invest 100 million in Thailand for the production of batteries for vehicles
UK: Law on Autonomous Driving & New Offenses
The Government of Great Britain is currently reviewing an Act on Autonomous Driving on Public Roads. The British government wants to have a law in the drawer before the autonomous driving technique is on the road. It also contemplates new criminal offenses. To the rules up 2021 In fact, according to the British Minister of… Continue reading UK: Law on Autonomous Driving & New Offenses
Alliance leadership appointments to accelerate synergies
From April 1st, additional convergence will be put in place to accelerate synergies in key operational areas as part of the Alliance 2022 mid-term plan. Renault, Nissan and Mitsubishi today announced that they have met with the necessary employee representative groups for the convergence projects unveiled on March 1st. The following management organization will be… Continue reading Alliance leadership appointments to accelerate synergies
E-mobility 12.03.2018 The New E-xpert Thomas Ulbrich talks about working with the G4 series and the role of the Zwickau plant. mehr
Mr. Ulbrich, before we look forward, let’s first take a quick look back. Do you still remember the day when you started your apprenticeship as a car mechanic at Volkswagen? Do I ever. It was September 1, 1983. We had a cold late summer that year, and I was so glad to finally be able… Continue reading E-mobility 12.03.2018 The New E-xpert Thomas Ulbrich talks about working with the G4 series and the role of the Zwickau plant. mehr
P2P car marketplace Shift pauses DC operations, lays off 10% of staff
After Beepi shut down its service and transferred its operations to stealth Fair.com, its closest competitor Shift is facing some downsizing, too — a measure of the challenges of the peer-to-peer car selling business model that both had been trying to establish. TechCrunch has learned and confirmed that Shift has laid off just under 10 percent of… Continue reading P2P car marketplace Shift pauses DC operations, lays off 10% of staff
Electric car startup spun out of Faraday Future ‘EVelozcity’ claims to have raised $1 billion
We first revealed the existence of Evelozcity, an electric vehicle startup founded by former Faraday Future (FF) executives, a few months ago and it might already be a $1 billion company. The startup now claims to have raised ~$1 billion to bring its electric vehicles to market. Home Solar Power As we previously reported, Stefan Krause, former… Continue reading Electric car startup spun out of Faraday Future ‘EVelozcity’ claims to have raised $1 billion
Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia
SINGAPORE, March 13, 2018 /PRNewswire/ — Grab, the leading on-demand transportation and fintech platform in Southeast Asia, has announced a partnership with Chubb, the world’s largest publicly traded property and casualty insurance company, to offer insurance solutions for Grab’s driver-partners. Using the Grab app, drivers will be able to select different insurance options to protect their… Continue reading Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia