FRANKFURT AM MAIN, Germany – The head of German car giant Volkswagen, still grappling with the fallout from a huge emissions cheating scandal, on Friday defended his 10-million-euro salary by saying it made up for the risk of having “one foot in jail”. In an interview with news weekly Der Spiegel, Matthias Mueller said he… Continue reading VW boss says ‘risk of jail’ justifies mega salary
Tag: Financial Results
Nissan: Nissan aims to sell 1 million electrified vehicles a year by FY2022
Nissan M.O.V.E to 2022 midterm plan targets technology evolution with electric vehicle leadership, autonomous driving expansion and the delivery of mobility services YOKOHAMA, Japan – Nissan Motor Co., Ltd. today unveiled plans to launch growing numbers of electrified vehicles, expand and evolve autonomous driving systems, and accelerate vehicle connectivity as part of its Nissan M.O.V.E.… Continue reading Nissan: Nissan aims to sell 1 million electrified vehicles a year by FY2022
Nexteer CEO Zhao Guibin: Seeking Innovation-driven Growth
SHANGHAI, March 23, 2018 /PRNewswire/ — Following the acquisition by Aviation Industry Corporation of China (AVIC) in 2011, the 110-year-old Nexteer Automotive, once an auto parts division under GM, has found its way into rapid development. The EVs and autonomous vehicles are gaining impetus, what impacts will the market changes exert on the company’s future… Continue reading Nexteer CEO Zhao Guibin: Seeking Innovation-driven Growth
Walmart will sell cars in 250 of its stores
A year ago the giant of the retail distribution of the United States announced that it was entering a completely new part for them in terms of commercialization, that of the sale of vehicles. Until now, it offered this possibility in 25 of its establishments, but now it publishes that it will extend the initiative… Continue reading Walmart will sell cars in 250 of its stores
Tesla says its giant battery is not getting paid correctly because it sends power too quickly
Earlier this year, Tesla’s giant Powerpack battery system in South Australia has proven to be able to react to crashed coal plants in milliseconds and send power to the grid. The battery system is stabilizing the local grid, a service reportedly worth millions, but now Tesla says that it is not being paid correctly because its battery is… Continue reading Tesla says its giant battery is not getting paid correctly because it sends power too quickly
Auto parts supplier: ZF Friedrichshafen pumps billions into development
ZF Friedrichshafen ZF, which belongs to the Zeppelin Foundation of the city of Friedrichshafen, is planning two new plants for the production of parts for electric drives. (Photo: AP) The auto supplier ZF Under his new boss, Wolf-Henning Scheider, Friedrichshafen does not want to let up in the race for new products for electric and… Continue reading Auto parts supplier: ZF Friedrichshafen pumps billions into development
ZF posts record sales in 2017; announces increased research and development activities
“The world of mobility is spinning at high speed,” said Scheider. “We plan to provide our customers with pioneering solutions in all fields under our motto ‘See – Think – Act’, which is why we will further increase our research and development spending.” In 2017, ZF spent €2.2 billion on research and development, an increase… Continue reading ZF posts record sales in 2017; announces increased research and development activities
Building a Safer Autonomous Future
We are saddened by the tragic accident that claimed the life of a pedestrian in Tempe, Arizona on Monday. This incident should serve as a powerful reminder of how high the stakes are for all of us working on the next generation of connected vehicles. At BlackBerry, we work with Tier 1s, automakers, and other… Continue reading Building a Safer Autonomous Future
Skoda shoots 34% profit in 2017 and will launch 19 new models in two years
Published 3/21/2018 11: 35: 31CET MLADÁ BOLESLAV (CZECH REPUBLIC), Mar. 21 (EUROPA PRESS) – The Czech car firm Skoda posted a net profit of 1,274 million euros at the end of last year, which is an increase of 34% compared to the 951 million euros it won in 2016, according to data published by the… Continue reading Skoda shoots 34% profit in 2017 and will launch 19 new models in two years
BMW Group Annual Report 2017
Do you need help? Please contact our support team from 9 to 17 CET via support.pressclub@bmwgroup.com. PressClub Global · Article. Wed Mar 21 10:03:54 CET 2018 Press Release Top BMW Group Annual Report 2017 Attached please find the Annual Report 2017 for download. The Annual Accounts Press Conference will be held on 21 March 2018… Continue reading BMW Group Annual Report 2017