Tag: Financial Results

SEAT Tarraco production starts in Wolfsburg

Members of the board and of the management of both group brands were accompanying the production start of the new SEAT Tarraco together with employees of the Wolfsburg plant. SEAT brand flagship rolls off the production line in Wolfsburg together with Volkswagen models Synergies within the Group-wide production network allow efficient production Production of the… Continue reading SEAT Tarraco production starts in Wolfsburg

Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario

Brussels, 17 October 2018 – Ahead of this evening’s Brexit summit, Europe’s auto manufacturers and suppliers have come together to issue a stark warning on the potentially far-reaching impacts of a no-deal scenario on their sector, which would threaten their very business model. Automobile production plants – be they in the EU27 or the UK… Continue reading Press Releases – Brexit: auto industry urges negotiators to avert worst-case scenario

European Dealer Council: Audi and European sales partners shape the retailing of the future

AUDI AG and the European Dealer Council exchange views on the future business model and discussed growth areas at the conference of the European Dealer Council today (Wednesday). When the new contracts take effect on April 1, 2020, the new AUDI sales strategy will begin, fundamentally changing the sales model and making it fitter for… Continue reading European Dealer Council: Audi and European sales partners shape the retailing of the future

Uber ‘could land $120bn price-tag’ in upcoming IPO

Uber could receive a valuation of as high as $120bn (£91bn) in its upcoming initial public offering, almost double the price-tag the ride-hailing company landed in August.  The proposals from US banks suggested Uber seek a valuation much higher than the $76bn it was valued at in August during its most recent fundraising round. They are also said… Continue reading Uber ‘could land $120bn price-tag’ in upcoming IPO

Workhorse Enters Into Initial Production of NGEN-1000 All-Electric Delivery Van

CINCINNATI, Oct. 16, 2018 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS), an American automotive technology company providing sustainable and cost-effective transportation solutions, announced today that the Workhorse NGEN-1000, a new light-weight electric delivery vehicle, has entered initial production. The NGEN-1000’s curb weight is 4,000lbs – less than one-half of what a traditional diesel step-van weighs –… Continue reading Workhorse Enters Into Initial Production of NGEN-1000 All-Electric Delivery Van

Volvo warns some vehicle engines may exceed emission limits

STOCKHOLM (Reuters) – Sweden’s Volvo (VOLVb.ST) said on Tuesday an emissions control component used in its vehicles was degrading more quickly than expected, which could cause engines to exceed emission limits for nitrogen oxides, sending its stock down sharply. The logo of Volvo is seen on the front grill of a Volvo truck in a… Continue reading Volvo warns some vehicle engines may exceed emission limits

No-deal Brexit disastrous, says Ford boss

Media playback is unsupported on your device Ford’s European boss has said a no-deal Brexit “would be pretty disastrous” for British industry and could affect the company’s future in the UK. Steven Armstrong said he was “still confident” a tariff-free frictionless trade deal would be done. But he told the BBC that a no-deal outcome… Continue reading No-deal Brexit disastrous, says Ford boss

Uber Wants To Deliver Groceries, But There Is A Much Bigger Opportunity

Uber has announced its intentions to expand into delivering groceries. Uber may choose to expand its already successful Uber Eats to be the service for grocery delivery or the company may choose to manage grocery delivery through another service. Photo: Getty Like Amazon, Uber is a company that thinks big. Uber and Amazon also share… Continue reading Uber Wants To Deliver Groceries, But There Is A Much Bigger Opportunity