Tag: Financial Results

Tesla says Model 3 production shut down temporarily

SAN FRANCISCO:Tesla Inc has temporarily suspended its Model 3 assembly line in what the company said on Monday was a planned production pause, as the automaker continues to face challenges ramping up its new sedan. It was the second time since February that Tesla has temporarily shut down its production line for the Model 3… Continue reading Tesla says Model 3 production shut down temporarily

Grab Adds New ‘Better 365’ Features to Provide Greater Support for Driver-partners

Singapore, 17 April 2018 – Grab today announced additional features to its ‘Better 365’ campaign for its driver-partners in Singapore. The campaign, first introduced last December, saw significant app improvements on four fronts: greater support, increased earnings, better tools and a stronger community. The second phase of ‘Better 365’, which continues to build on these… Continue reading Grab Adds New ‘Better 365’ Features to Provide Greater Support for Driver-partners

Vauxhall slims down dealer network

Vauxhall plans to reduce its dealership total by about a third as consumers change the way they buy cars. The brand, which was bought by Peugeot’s parent company PSA last year, plans to reduce the total from 326 to about 200. The move is part of a PSA drive to return the loss-making Vauxhall and… Continue reading Vauxhall slims down dealer network

Personnel changes in BMW Group production network

Munich. Effective 1 August 2018, Robert Engelhorn will take over as director of BMW Group Plant Munich. Engelhorn joined the BMW Group in 2011 and occupied various positions at the Munich and Regensburg plants. In 2016, he moved to the BMW Brilliance Automotive (BBA) joint venture in China, where he currently heads the Technology and… Continue reading Personnel changes in BMW Group production network

New social agreement at Renault

Renew the skills, but without increasing the workforce: to achieve this goal, Renault announced Monday to have signed a social agreement providing 1,400 additional recruitments in France, and a new envelope dedicated to training. In return, he will launch a new voluntary departure plan, open to employees at the end of their career. “The idea… Continue reading New social agreement at Renault

Group 1 Automotive Expands Presence in Brazil

HOUSTON, April 16, 2018 /PRNewswire/ — Group 1 Automotive, Inc. (NYSE: GPI), (“Group 1” or the “Company”), an international, Fortune 500 automotive retailer, today announced the acquisition of a new Toyota market area in western São Paulo, Brazil as well as a major expansion to an existing Honda dealership located in the São Paulo suburb of São Bernardo do… Continue reading Group 1 Automotive Expands Presence in Brazil

Cover name “Duke”: VW should have spied suppliers

Because the Bosnian Prevent Group stopped deliveries, VW suffered a million-dollar loss in 2016. According to a newspaper report, the auto company then resorted to highly questionable methods. Volkswagen (VW) in Wolfsburg Saturday, 14.04.2018 23:59 clock The VW group has apparently shadowed the supplier Prevent. This is reported by the “Bild am Sonntag”. According to… Continue reading Cover name “Duke”: VW should have spied suppliers

PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME

PRESS PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME Posted on Apr 16, 2018 Subang Jaya, 16 April 2018 – 2018 is an important year for PROTON after the acquisition of 49.9% shares by Geely as the Company undergoes numerous initiatives internally to ensure a successful turnaround in a short time. With the new partnership comes renewed… Continue reading PROTON CONFIDENT ON NETWORK SYNERGY OUTCOME

Top Automotive Industry News for Week of April 9 – April 15, 2018

Here is the most important news associated with the automotive industry identified by the SEA for the week April 8, 2018 – April 15, 2018. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Manufacturing News- Audi brand to be excluded from VW sportscar brand overhaul: source… Continue reading Top Automotive Industry News for Week of April 9 – April 15, 2018