March 19, 2019 A Chinese developer known for its investments in everything from soccer clubs to spring-water companies is taking on Elon Musk in the electric vehicle arena, declaring it can be the biggest manufacturer in the world within three to five years. China Evergrande Group, the nation’s second-largest property developer, has been moving further… Continue reading China Evergrande Group reckons it can take on Elon Musk’s Tesla
Tag: Financial Results
Peugeot ready to support a PSA offensive
They agree with the applied historical epithet PSA’s latest financial results. Six years after the eventual rescue of the automaker then under water, members of the Peugeot bicentennial dynasty can only congratulate the return to grace of the group led by Carlos Tavares. “The Opel operation is an exceptional success, we did not think that… Continue reading Peugeot ready to support a PSA offensive
5G frequency auction from today
Today the auctions of the frequencies start for 5G. In the Switzerland you have long begun and in South Korea it has already been started for industrial purposes: 5G. The new mobile radio standard is to push the digitization. radio masts Thanks to the CSU-led Ministry of Transport and Digital, but it will be back… Continue reading 5G frequency auction from today
Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge
(Reuters) – Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking… Continue reading Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judge
Area Toyota plants to lose 10% of production but new vehicle may loom – Simcoe Reformer
Toyota assembly plants in Southwestern Ontario will lose about 10 per cent of their total production, 50,000 vehicles a year, the second blow to the automotive sector here in recent months. Parked cars line the parking lot at the Toyota plant in Cambridge, Ontario on Tuesday February 10, 2015. (File photo) Toyota assembly plants in… Continue reading Area Toyota plants to lose 10% of production but new vehicle may loom – Simcoe Reformer
Workhorse Group Reports Fourth Quarter and Full Year 2018 Results
CINCINNATI, March 18, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the fourth quarter and full year ended December 31, 2018. Full Year 2018 and Recent Operational Highlights by Product Trucks… Continue reading Workhorse Group Reports Fourth Quarter and Full Year 2018 Results
GM considers options for its Lyft stake following IPO
DETROIT (Reuters) – As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion. The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January… Continue reading GM considers options for its Lyft stake following IPO
Autobank: VW Bank wants to reduce jobs despite record profits
Volkswagen Financial Services The banking subsidiary of VW has 7,000 employees in Germany. (Photo: AP) FrankfurtThe bank daughter of Volkswagen-Konzerns, Volkswagen Financial Services, has earned so much in the past year as never before. The operating result was 2.6 billion euros – far more than traditional banks in Germany retract. Nevertheless, CEO Lars Henner Santelmann… Continue reading Autobank: VW Bank wants to reduce jobs despite record profits
Car manufacturer: CEO Herbert Diess relies on VW shares
Herbert dies Shares are also part of the variable remuneration of Volkswagen Board members. (Photo: Reuters) WolfsburgVW boss Herbert Diess relies on the shares of the world’s largest car maker: The corporate leader has for well two million euros VWBought shares. That gave Volkswagen known on Monday. Tried for a long time Diess, in the… Continue reading Car manufacturer: CEO Herbert Diess relies on VW shares
BMW Group publishes Sustainable Value Report 2018.
Munich. The BMW Group made further progress in shaping sustainable mobility last year, as documented by its new Sustainable Value Report 2018. The report will be released on 20 March 2019 to coincide with publication of the company’s Annual Report 2018 and will also be available online from this date. It provides information on current… Continue reading BMW Group publishes Sustainable Value Report 2018.