The billion has not yet been transferred, but Lower Saxony’s politicians are already discussing what should happen to the fine. The judiciary wants to invest in its own ranks, the Greens in the mobility turnaround. VW Golf in front of corporate headquarters Thursday, 14.06.2018 17:35 clock The billion-dollar fine imposed on Volkswagen in the diesel… Continue reading Niedersachsen plans to use the VW billion
Tag: Financial Results
Volvo Cars Tech Fund invests in automotive sensor company Luminar
Volvo Cars Tech Fund invests in automotive sensor company Luminar Volvo Cars, the premium car maker, has completed the first strategic investment via its newly-founded investment fund by taking a stake in Luminar, a leading start-up in the development of advanced sensor technology for use in autonomous vehicles. The investment in Luminar, based… Continue reading Volvo Cars Tech Fund invests in automotive sensor company Luminar
Prosecutor sees penance as “painful for VW”: where to go with the VW billion?
All articles and backgrounds 06/14/2018 Prosecutor sees penance as “painful for VW” Where to go with the VW billion? DPA Stephan Weil (SPD): The head of government of Lower Saxony sits in the VW Supervisory Board – and now expects a blessing for the state treasury The prosecutor Braunschweig sees the responsibility for the diesel… Continue reading Prosecutor sees penance as “painful for VW”: where to go with the VW billion?
Transport Minister Scheuer is to testify in VW process
The regional court in Stuttgart makes shareholders of VW and Porsche hope for damages – they could have been deceived earlier. In the procedure also Minister of Transport Scheuer is to be loaded as a witness. Andreas Scheuer (CSU) Thursday, 07.06.2018 18:02 clock Volkswagen and Porsche shareholders achieved a stage win in the diesel affair.… Continue reading Transport Minister Scheuer is to testify in VW process
Elon Musk buys 72,500 of Tesla shares
Tesla chief executive officer Elon Musk bought 72,500 shares of the company’s common stock, a regulatory filing showed on Wednesday. Musk bought the shares at between $342.44 and $347.44 per share in multiple transactions on Tuesday and Wednesday. He is already the electric car maker’s largest shareholder and now owns 33.74 million shares worth about… Continue reading Elon Musk buys 72,500 of Tesla shares
China Digest: Used car platform Cheduoduo, co-work space startup Distrii raise funds
June 14, 2018 Chinese startups Cheduoduo, a used-car platform, and co-working space operator Distrii have closed $17.7 million Series A investment and $23 million Series A+ funding round, respectively. China Growth Capital leads used-car platform Cheduoduo $17.7m Series A Beijing-based used-car trading platform Cheduoduo has secured $17.7 million in a Series A round led by… Continue reading China Digest: Used car platform Cheduoduo, co-work space startup Distrii raise funds
The legal fronts in the VW scandal
VW must pay a penalty of one billion euros because of the diesel affair. The legal processing will take but probably years. The overview. Volkswagen (icon) Wednesday, 13.06.2018 21:42 clock One billion euros fine – that’s the sum that the Prosecutor Braunschweig imposed because of the diesel scandal against Volkswagen Has. It is one of… Continue reading The legal fronts in the VW scandal
A Chennai girl’s rise from Madras University to General Motors’s first female CFO
In an industry not exactly known for its diversity, an iconic American carmaker has appointed its first female chief financial officer (CFO). And she’s from Chennai, India. On June 13, General Motors (GM), the maker of Buick, Cadillac, and Chevrolet cars, said that 39-year-old Dhivya Suryadevara will take over as CFO in September. Suryadevara joined… Continue reading A Chennai girl’s rise from Madras University to General Motors’s first female CFO
Logistics Group: Deutsche Post maintains production plans for street scooters
Street scooter of Deutsche Post At the end of May, the group had opened a new street scooter factory for 250 employees. (Photo: picture alliance / Rolf Vennenbe) Aachen / BonnDie German postal service want after the Departure of Innovation Board Jürgen Gerdes cling to their production plans for the electric delivery truck Streetscooter. Gerdes’… Continue reading Logistics Group: Deutsche Post maintains production plans for street scooters
Zoomcar brings EVs to Kolkata, increase its share in fleet
KOLKATA: Zoomcar, the self-drive car rental firm, would increase the number of electric vehicles (EVs) in its fleet to 2,000 by December this year, a company official said today. Zoomcar today started offering EVs on its platform in Kolkata after Mysuru, Hyderabad, Jaipur, New Delhi and Mumbai. Initially, 50 units of Mahindra e2o electric car… Continue reading Zoomcar brings EVs to Kolkata, increase its share in fleet