VW must pay a billion euro penalty in the exhaust gas scandal. The prosecution’s decision gives hope to the injured motorists and shareholders. The main consequences of the fine. New cars in the car towers at the VW plant in Wolfsburg Thursday, 14.06.2018 16:54 clock The prosecutor Brunswick has a fine in the diesel affair… Continue reading Billions for VW leaves other plaintiffs hope
Tag: Financial Results
News Release – Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
Please click HERE for a PDF version of the release. One of the auto industry’s first 48-volt mild-hybrid transfer cases Achieves up to 10% CO2 savings compared to a two-wheel drive system Can be easily integrated into existing drivetrains SAILAUF, Germany, June 14, 2018 — Magna is on the fast track to vehicle electrification. With… Continue reading News Release – Technology Game Changer: Magna’s 48-Volt Transfer Case Leads Array of CO2-Fighting Products
Advanced Automatic Collision Notification Service “D-Call Net(R)” Expanded Nationwide
Full-scale implementation of the advanced automatic collision notification system D-Call Net(R) is now underway at approximately 730 locations within Japan. A trial service has been ongoing since November 2015, whereby base hospitals and air ambulances have prepared systems to transmit fatal and serious injury probability data from vehicles to all fire departments within the trial… Continue reading Advanced Automatic Collision Notification Service “D-Call Net(R)” Expanded Nationwide
Elon Musk’s Boring Company Wins Chicago High-Speed Transit Contract
Illustration: Boring Company Advertisement Editor’s Picks On Thursday, the Chicago Infrastructure Trust, on behalf of the City of Chicago, announced that it was awarding Elon Musk’s Boring Company a contract to build a rapid-transit link between O’Hare Airport and downtown. The trip currently takes about 40 minutes on public transportation; the Boring Company aims to… Continue reading Elon Musk’s Boring Company Wins Chicago High-Speed Transit Contract
Niedersachsen plans to use the VW billion
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
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