When Sebastian Thrun was starting Google’s self-driving car project in 2009, commercialising the technology was not on anyone’s mind. “We focused on the technology more than anything else, not the go-to-market plan,” he says. “That might sound bizarre, but we all knew that if we could solve this problem, then you could do what you… Continue reading Self-driving industry takes to the highway after robotaxi failure
Tag: Recalls
The Renault Assembly plant in Valladolid reaches ten million vehicles manufactured
The “emblematic” unit corresponds to a Captur e-TECH acquired in Italy VALLADOLID, Jul 17 (EUROPA PRESS) – The Body and Assembly factory that the automobile company Renault has in Valladolid has manufactured this Friday the 10 millionth vehicle since the firm began its production in the city in 1953. The “emblematic” unit corresponds to a… Continue reading The Renault Assembly plant in Valladolid reaches ten million vehicles manufactured
@Toyota: Toyota is conducting a noncompliance recall involving certain Tundra vehicles
PLANO, Texas (July 15, 2020) – Toyota is conducting a noncompliance recall involving certain 2018-2020 Model Year Toyota Tundra vehicles in the United States. Approximately 183,000 vehicles are involved in this recall. In the subject vehicles, the wire harness connected to the front turn signal bulbs was assembled incorrectly, causing them not to illuminate as brightly… Continue reading @Toyota: Toyota is conducting a noncompliance recall involving certain Tundra vehicles
Cazoo completes acquisition of car supermarket group Imperial Cars
Online car sales start-up Cazoo has completed the acquisition of £201.4 million turnover, 18-site used car supermarket group Imperial Cars. Completion of the deal comes just weeks after Cazoo became one of the fastest UK businesses ever to achieve a $1 billion (£800.8 m) valuation – just six months after its launch – and creates… Continue reading Cazoo completes acquisition of car supermarket group Imperial Cars
Tesla former VP of quality explains why 1st batch of Teslas might not be ones to get
Tesla’s former VP of quality explained the automaker’s unusual approach to testing vehicles in a news article that shows why you should maybe not buy the first batch of new Tesla vehicles. In the auto industry, Tesla is known for being an outlier in many aspects. It’s development work and testing is definitely one of… Continue reading Tesla former VP of quality explains why 1st batch of Teslas might not be ones to get
Preliminary results for the second quarter of 2020 – significant negative impact on revenue and earnings as a result of the COVID-19 pandemic and exceptional effects
07/13/2020
Preliminary results for the second quarter of 2020 – significant negative impact on revenue and earnings as a result of the COVID-19 pandemic and exceptional effectsPublication of insider information pursuant to Art. 17 of (EU) Regulation No. 596/2014 GRAMMER AG (WKN 589540, ISIN DE0005895403)
Preliminary results for the second quarter of 2020 –
significant negative impact on revenue and earnings as a result of the COVID-19 pandemic and exceptional effects
Ursensollen, July 13, 2020 – Based on the preliminary figures, Grammer AG expects to achieve Group earnings before interest and taxes (Group EBIT) in the second quar-ter of 2020 that will be significantly below market expectations.
The Group EBIT for the second quarter is expected to stand at around minus 50 million EUR (previous year 26.2 million EUR). The operating EBIT is expected to amount to approximately minus 46 million EUR for the reporting period (previous year 27.1 million EUR).
According to preliminary figures, revenue should come to around 281 million EUR (previous year 517.4 million EUR).
The main reason for this significant decrease in revenue and earnings in the second quarter were the significant reductions in customer orders and the production stops of many OEMs. In particular, the closures of locations in Europe and America from March onwards had a massive impact on the Grammer Group’s business activities in these regions.
In addition, Group earnings came under significant pressure from exceptional effects of around 24 million EUR. These primarily included the planned optimization of stor-age areas in connection with the COVID-19 pandemic and the resultant write-downs of inventories. This was joined by write-downs of project assets and provisions for potential warranty claims.
Grammer AG will be releasing its full report on the first half of 2020 on August 13, 2020.
Grammer AG
The Executive Board
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FCA recalls 1.2M SUVs, minivans because pieces on steering wheels can become projectiles
CLOSE 2008 Dodge Grand Caravan (Photo: Chrysler) Fiat Chrysler Automobiles is recalling more than 1.2 million SUVs and minivans because pieces on the steering wheels could become projectiles if the driver-side air bags deploy. The recall affects 2007-11 Dodge Nitros and 2008-10 Chrysler Town & Country and Dodge Grand Caravan minivans. The bulk are in the United… Continue reading FCA recalls 1.2M SUVs, minivans because pieces on steering wheels can become projectiles
Fiat Chrysler recall: Steering wheel part can be projectile
Share This Story! Let friends in your social network know what you are reading about Fiat Chrysler recall: Steering wheel part can be projectile FCA is recalling older minivans and SUVs because plastic emblems on the steering wheels can become projectiles if the air bag is inflated Post to Facebook Sent! A link has been… Continue reading Fiat Chrysler recall: Steering wheel part can be projectile
@Toyota: Toyota Quarterly Supplement for Takata Recall Remedy Second Quarter 2020
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Fiat Chrysler recalls more than 900,000 U.S. vehicles due to faulty air bag covers
FILE PHOTO: The logo of car manufacturer Fiat is seen in Zurich, Switzerland October 30, 2019. REUTERS/Arnd Wiegmann (Reuters) – Fiat Chrysler Automobiles NV (FCAU.N) said on Friday it would recall about 925,239 of its older model vehicles in the United States to replace air bag covers on their steering wheels after 14 potentially related… Continue reading Fiat Chrysler recalls more than 900,000 U.S. vehicles due to faulty air bag covers