(combined power consumption: 22.2 kWh/100 km; combined CO2 emissions: 0 g/km*, provisional figures) Endurance tests around the globe Shortly before its market launch, the EQC (combined power consumption: 22.2 kWh/100 km; combined CO2 emissions: 0 g/km, provisional figures)[1] is undergoing final tests in Sweden’s snowy landscapes. During these further winter trials in Arjeplog, Sweden, the engineers… Continue reading EQC on Ice: Electric on ice: winter trials of the EQC
Tag: Financial Results
AutoNation names new CEO as slowing auto sales hit results
(Reuters) – AutoNation Inc said on Friday it has chosen insurance and financial services executive Carl Liebert to succeed longtime Chief Executive Officer Mike Jackson and lead the largest U.S. auto dealership chain at a challenging time, when the domestic vehicle market has been slowing. Vehicles for sale are pictured on the lot at AutoNation… Continue reading AutoNation names new CEO as slowing auto sales hit results
Volkswagen takes the shock of the “dieselgate”
Dieselgate has limited impact on Volkswagen Group accounts (Volkswagen, Audi, Seat, Porsche …). For the year 2018, the German giant of the automobile displays a turnover 235.8 billion euros, up 6 billion year-on-year. Especially, his operating profit finally proved stable at € 13.9 billion (+ 0.7%). And this, taking into account a charge of 3.2… Continue reading Volkswagen takes the shock of the “dieselgate”
Volkswagen Group brings 2018 to successful close
The Volkswagen Group has brought the 2018 fiscal year to a successful conclusion. Based on sales revenue of EUR 235.8 billion – a rise of EUR 6.3 billion – the operating profit before special items of EUR 17.1 (17.0) billion was on a level with the previous year. At 7.3 percent (7.4 percent), the operating… Continue reading Volkswagen Group brings 2018 to successful close
Car manufacturer: Volkswagen shines with billions in profits – but has new construction sites
Volkswagen The group made a profit of 17.1 billion euros last year. (Photo: AP) WolfsburgEmpassed corporations from the automotive industry have in recent months attracted attention with negative headlines, Profit warnings at Daimler and BMWbut also with large suppliers like Continental worried the financial markets. Volkswagen is a different story: after a stable financial year,… Continue reading Car manufacturer: Volkswagen shines with billions in profits – but has new construction sites
Inside Tesla’s solar energy astroturfing
Tesla has been masking its lobbying efforts on solar panels and battery storage through the Energy Freedom Coalition of America, a trade association that is little more than a front for the automaker and alternative energy company, public documents suggest. SolarCity, which Tesla bought in 2016, began the practice of using the EFCA to promote… Continue reading Inside Tesla’s solar energy astroturfing
Car maker: Volkswagen beats better than its competitors – profit and dividend rise
Volkswagen The group made a profit of 17.1 billion euros last year. (Photo: AP) WolfsburgDer Volkswagen Group has increased its profit slightly in the past year. The operating result before special items amounted to 17.1 billion euros, as the car maker announced on Friday after a meeting of the Supervisory Board. That was around 100… Continue reading Car maker: Volkswagen beats better than its competitors – profit and dividend rise
VW warns of headwinds, to redouble efforts to meet targets
The Volkswagen show floor is seen under setup at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blinch FRANKFURT (Reuters) – Volkswagen warned investors about a tough year ahead as the 12-brand car and truck making group posted disappointing preliminary full-year results on Friday. “The headwinds in key markets are expected… Continue reading VW warns of headwinds, to redouble efforts to meet targets
New partnership: Mytaxi becomes Free now – Daimler and BMW combine their mobility services
BMW boss Harald Krüger (left) and Daimler CEO Dieter Zetsche In a former subway tunnel under Potsdamer Platz in Berlin, two long-time rivals became partners on Friday. (Photo: AP) Berlin have been more than a hundred years Daimler and BMW bitter rivals. There were times when people in Stuttgart only mockingly talked about Munich and… Continue reading New partnership: Mytaxi becomes Free now – Daimler and BMW combine their mobility services
UPDATE 2-Magna International profit beats on strength in vehicle assembly unit
(Adds details on business segments) Feb 22 (Reuters) – Canada’s Magna International Inc beat analysts’ estimates for quarterly profit on Friday as the auto parts maker assembled more vehicles, benefiting from new launches by car makers Jaguar Land Rover and Daimler AG. Sales at its complete vehicles unit rose 39 percent to $1.69 billion, with… Continue reading UPDATE 2-Magna International profit beats on strength in vehicle assembly unit