Europe-based energy company Vattenfall aims to become a leading electric vehicle (EV) charging infrastructure operator in collaboration with its partners. The initiative would be initially benefitted by the Swedish customers of Volvo plug-in hybrid cars. Vattenfall and Volvo will offer all Volvo’s plug-in hybrid customers in Sweden the charging solution ‘InCharge Smart home’ directly through… Continue reading Volvo and Vattenfall come together for advanced EV charging infrastructure for homes
Tag: Strategy
BMW Group makes good start to 2018
Munich. The BMW Group has started the financial year 2018 with a strong first quarter. Despite volatile conditions and unfavourable exchange rate effects, new best ever figures were recorded for sales volume and net profit. Despite high upfront expenditure for tomorrow’s mobility, the Automotive segment also set a new record for its result from operations… Continue reading BMW Group makes good start to 2018
Tesla’s Bonkers Earnings Call Was Actually Perfect
In hindsight, Elon Musk’s statement at the beginning of Tesla Inc.’s latest earnings call that “We’re going to go as long as there are good questions to answer” sounds less like encouragement and more like a warning. As you may have heard, the CEO decided the “good questions” from analysts ran out in about half an… Continue reading Tesla’s Bonkers Earnings Call Was Actually Perfect
Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Domestic PV and CV major Tata Motors has announced that its board has approved, subject to requisite regulatory and other approvals, to sell its defence and aerospace business to Tata Advanced Systems. The decision is as part of its ‘Turnaround 2.0’ plan, to take necessary steps to further its defence business by leveraging the scale… Continue reading Tata Motors to sell defence and aerospace business to Tata Advanced Systems
Washé raises $3.5 million for its on-demand car washing service and biz platform
Another startup wants to make on-demand car washing work, where others have failed. Washé, a Boca Raton-based service for on-demand washes, has raised $3.5 million in seed funding to continue to grow its business, which involves a mobile app consumers use to connect with Washé’s network of around 1,000 licensed and insured car washing professionals.… Continue reading Washé raises $3.5 million for its on-demand car washing service and biz platform
BMW Group to double Mini sales with 2nd-gen Countryman
Vikram Pawah, president, BMW Group India, at the launch of the Mini Countryman in Delhi BMW Group which comprises the BMW, Mini and BMW Motorrad sub-brands is riding high on the success of its premium model offerings in the country. The Group, which registered cumulative sales of 9,800 units in CY2017, grew at a notable… Continue reading BMW Group to double Mini sales with 2nd-gen Countryman
Volkswagen’s new corporate structure: Diess wants to convert the “tanker” Volkswagen into a “speedboat network”
All articles and backgrounds 05/03/2018 New Group structure at Volkswagen Diess wants to rebuild the “Tanker” Volkswagen into a “speedboat network” AP VW CEO Herbert Diess at the Annual General Meeting in Berlin: VW should be “honest, open, decent” Volkswagen should be “honest, open, truthful, in one word: more decent”: At the Volkswagen General Assembly… Continue reading Volkswagen’s new corporate structure: Diess wants to convert the “tanker” Volkswagen into a “speedboat network”
SF Motors set sights on EV mass production with latest R&D testing facility
By Christian Prenzler Posted on April 25, 2018 Santa Clara based electric vehicle startup SF Motors is opening up a new full-scale R&D center in Silicon Valley. SF Motors was founded in January 2016 after a large investment from Sokon Motors, a large Chinese automotive company. The company’s new 130,000 sqft research and development facility… Continue reading SF Motors set sights on EV mass production with latest R&D testing facility
GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing
GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing 2018-05-02 GO Motor Retailing Limited (GMRL), trading as GO Vauxhall, has acquired 4 additional Vauxhall sites from NOW Motor Retailing in Kingston, Heathrow, Hayes and Staples Corner. The sites will transition into the existing GO Vauxhall London portfolio and will grow… Continue reading GO Motor Retailing Limited acquires 4 Vauxhall sites in London from NOW Motor Retailing
Daimler has plan in case new Chinese shareholder turns hostile
Li Shufu, founder of Geely and owner of Volvo, acquired 9.7 percent of Daimler in February. BEIJING — Daimler has a back-up plan in place to protect itself from any unsolicited takeover bid should its new Chinese investor turn unexpectedly hostile. Li Shufu, founder of Geely and owner of Volvo Cars, acquired 9.7 percent of… Continue reading Daimler has plan in case new Chinese shareholder turns hostile