Tag: Financial Results

So Volkswagen is to be rebuilt

Volkswagen is facing a far-reaching transformation: around one fifth of the business is to be sold – in order to save costs. Employee representatives announce resistance. Friday, 08.09.2017 18:04 clock A few days before the start of the Frankfurt Motor Show IAA Volkswagen CEO Matthias Müller makes the car world sit up and take notice:… Continue reading So Volkswagen is to be rebuilt

Mercedes-Benz India sells record 15,330 units in 2017 (+16%)

The Long Wheelbase E-Class has been a significant contributor to Mercedes-Benz India’s sales in 2017. MD and CEO Roland Folger seen at the car’s launch on February 28, 2017. Mercedes-Benz India, the largest luxury car brand in the country, has announced record sales of highest ever yearly, half-yearly and also Q4 sales in 2017. By… Continue reading Mercedes-Benz India sells record 15,330 units in 2017 (+16%)

NVIDIA and Aurora Collaborate to Build Next-Generation Autonomous Vehicle Compute Platform

CES — NVIDIA and Aurora today announced that they are working together to create a new Level 4 and Level 5 self-driving hardware platform that will use the NVIDIA DRIVE Xavier™ processor. At the opening press conference of CES 2018, NVIDIA founder and CEO Jensen Huang disclosed that NVIDIA’s automotive team is working with Aurora to bring… Continue reading NVIDIA and Aurora Collaborate to Build Next-Generation Autonomous Vehicle Compute Platform

Cathy O’Callaghan

Cathy O’Callaghan is vice president and corporate controller, and CFO, Global Markets, effective June 1, 2018. In her role as corporate controller, she reports to Bob Shanks, executive vice president and chief financial officer. As CFO, Global Markets, she reports to Jim Farley, executive vice president and president, Global Markets. Previously, O’Callaghan was chief financial… Continue reading Cathy O’Callaghan

This wants more synergy

D he is the new CEO of Volkswagen, Herbert Diess , has reaffirmed its goal of significantly increasing the profitability of the company. VW is preparing for the new era of the automotive industry with its strategy 2025, which was developed by former CEO Matthias Müller, he said on Thursday at the presentation of the… Continue reading This wants more synergy

Tesla is asking Model 3 reservation holders for another $2,500 to order their cars

Buyers who confirm won’t immediately get a specific delivery date, but Tesla’s email says delivery could happen “in as soon as 2-4 months.” Tesla typically schedules delivery or pickup appointments within two weeks of the date they expect to deliver a Model 3 to a customer. The company has not yet manufactured a base-model version… Continue reading Tesla is asking Model 3 reservation holders for another
$2,500 to order their cars

Honda faces the real cost of Brexit in a former Spitfire plant

BMW UK plants: Mini, Oxford (4,000 staff); Rolls-Royce, Goodwood (1,700); engines, Hams Hall, Birmingham (800); bodywork, Swindon (850) Makes: Minis, all Rolls-Royce model HONDA UK plants: Cars and engines, Swindon (4,000 staff) Makes: Civic NISSAN UK plant: Cars and engines, Sunderland (7,000 employees) Makes: Qashqai, Leaf, Juke ___________________________________________________________________________________________ Such are the surreal options facing Honda… Continue reading Honda faces the real cost of Brexit in a former Spitfire
plant