January 29, 2018 Chinese e-commerce giant Alibaba Group Holding Ltd. and Foxconn Technology Group led a new fundraising round by electric carmaker Xiaopeng Motors, investing 2.2 billion yuan ($350 million) in the startup as a push toward battery-powered vehicles intensifies. The latest funding puts the total investment in Xiaopeng at 5 billion yuan, according to… Continue reading Alibaba, Foxconn invest $350m in Chinese electric car startup Xiaopeng
Tag: Financial Results
Further software optimizations for diesel vehicles
In recent months, extensive analyses have been carried out for all Porsche diesel vehicles of emission class EU6. These are related to the retrofitting of diesel engines for vehicles of the Volkswagen Group announced in Berlin on 2 August 2017 as part of the so-called “diesel summit”. For the Macan 3.0-liter V6 diesel, Porsche has… Continue reading Further software optimizations for diesel vehicles
AirSpaceX’s Autonomous Electric Flying Taxi Will Hit the Skies in 2026
In Brief AirSpaceX unveiled their MOBi-ONE flying taxi at the North American International Auto Show in January. The autonomous, fully-electric flying taxi can carry 2 to 4 passengers to specific areas within 60 miles, at a top speed of 250 mph. Autonomous Air Travel Self-driving and electric cars are already changing how we travel on… Continue reading AirSpaceX’s Autonomous Electric Flying Taxi Will Hit the Skies in 2026
Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus
Tesla The Observer Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus Some say the firm is already overvalued at $60bn. But its founder’s vision is now truly ambitious Elon Musk unveils Tesla’s forthcoming Roadster 2 sports car in California. Photograph: Reuters Racy valuations for loss-making businesses are nothing new to… Continue reading Tesla boss Elon Musk pursues his most unlikely goal yet: a $55bn bonus
Fiat Chrysler’s Marchionne Has Lessons for Ford CEO Jim Hackett
With retirement approaching, Sergio Marchionne seems determined to go out with a bang: the Fiat Chrysler Automobiles NV boss thinks operating profit will surpass that of Ford Motor Co. this year. On Thursday, Marchionne reminded analysts that’s a surprising turn of events. He’s right. It’s less than a decade since Chrysler filed for bankruptcy protection (Ford… Continue reading Fiat Chrysler’s Marchionne Has Lessons for Ford CEO Jim Hackett
Electric Robotaxis Won’t Kill Sports Cars: Porsche CEO
Porsche AG will pursue a three-pronged strategy to diversify its lineup as the German manufacturer gears up for the rollout of its first all-electric sports car next year to tackle a fundamental industry shift toward battery-powered vehicles. “There will be a triad: plug-in hybrids, emotional sports cars with combustion engines and sporty electric vehicles,” Chief… Continue reading Electric Robotaxis Won’t Kill Sports Cars: Porsche CEO
Bertrand Petipas, Audi: “WLTP will have a financial impact on fleets”
Bertrand Petipa, Head of Audi Sales, reports on the year 2017, unveils his ambitions for 2018 and gives his vision on major issues that shake the world of fleets, such as the rise of gasoline, hardening of the TVS or the implementation of the WLTP certification cycle. JA. What were Audi’s results on the fleet… Continue reading Bertrand Petipas, Audi: “WLTP will have a financial impact on fleets”
Lear Reports Record Fourth Quarter and Full Year 2017 Results
SOUTHFIELD, Mich., Jan. 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the fourth quarter and full year 2017. Highlights include: Fourth Quarter 2017 Record sales of $5.4 billion, up 16% from a year ago Net income of $401 million and record… Continue reading Lear Reports Record Fourth Quarter and Full Year 2017 Results
Audi believes that diesel is “absolutely necessary” in the transition to electric mobility
Published 01/26/2018 11: 29: 34CET MADRID, 26 Jan. (EUROPA PRESS) – The general director of Audi in Spain, José Miguel Aparicio, has argued that diesel is a fuel “absolutely” necessary in the transition to an electric mobility without emissions in which the automotive sector is currently engulfed. Speaking to Europa Press, Aparicio has defended that… Continue reading Audi believes that diesel is “absolutely necessary” in the transition to electric mobility
Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each
Buy Photo The media crowds around Sergio Marchionne, CEO of Fiat Chrysler Automobiles N.V. and Chairman and CEO of FCA at the 2019 Jeep Cherokee reveal during the 2018 North American International Auto Show held at Cobo Center in downtown Detroit on Tuesday, Jan. 16, 2018. (Photo: Kimberly P. Mitchell, Detroit Free Press)Buy Photo Fiat… Continue reading Fiat Chrysler shows big profit boost for 2017; workers get $5,500 each