Oliver Blume The previous Porsche boss will be given new tasks as the new Volkswagen CEO – and will still keep his old job. (Photo: Reuters) The new Volkswagen boss Oliver Blume wants to accelerate the restructuring of the car manufacturer with a ten-point plan. “This includes robust, consistent financial planning with tight return, cash… Continue reading German Handelsblatt: First interview as CEO: With a ten-point plan, the new CEO Oliver Blume wants to push the restructuring at Volkswagen005069
Tag: Strategy
German Handelsblatt: First interview as CEO: With a ten-point plan, the new CEO Oliver Blume wants to push the restructuring at Volkswagen005063
Oliver Blume The previous Porsche boss will be given new tasks as the new Volkswagen CEO – and will still keep his old job. (Photo: Reuters) The new Volkswagen boss Oliver Blume wants to accelerate the restructuring of the car manufacturer with a ten-point plan. “This includes robust, consistent financial planning with tight return, cash… Continue reading German Handelsblatt: First interview as CEO: With a ten-point plan, the new CEO Oliver Blume wants to push the restructuring at Volkswagen005063
New Panamera and Taycan to lead Porsche’s EV future
Codenamed K1 (see right), it’s scheduled for production at Porsche’s Leipzig factory in Germany. That’s also the site that Porsche sources tip to receive the contract to produce the Panamera EV. The upmarket electric liftback is set to offer the choice of either a single or dual-motor drivetrain. It will also gain a further-developed 800V… Continue reading New Panamera and Taycan to lead Porsche’s EV future
US tech giants flock to Shanghai AI expo despite Washington’s effortsAmerican companies are caught between a massive market and Sino-US rift.
Big US tech companies have flocked to the World Artificial Intelligence Conference that opened Thursday in Shanghai, drawing a stark contrast with Washington’s ongoing efforts to distance itself economically from China. The opening ceremony included a virtual address by Qualcomm CEO Cristiano Amon, who said the company will supply the most complete and comprehensive technology… Continue reading US tech giants flock to Shanghai AI expo despite Washington’s effortsAmerican companies are caught between a massive market and Sino-US rift.
India born Laxman Narasimhan will be next Starbucks CEO
Starbucks Corp on Thursday named Laxman Narasimhan as its next chief executive officer, choosing an executive credited with revitalizing the maker of Lysol disinfectants to undertake a “reinvention” of the world’s biggest coffee chain. Narasimhan was CEO of Reckitt, which also makes Durex condoms, Enfamil baby formula and Mucinex cold syrup. He announced his departure from… Continue reading India born Laxman Narasimhan will be next Starbucks CEO
Credit Suisse said to be cutting around 5,000 jobs in cost drive
Credit Suisse is considering cutting around 5,000 jobs, about one position in ten, as part of a cost reduction drive at Switzerland’s second-biggest bank, a source with direct knowledge of the matter told Reuters. The scale of the potential job cuts underlines the challenge facing Credit Suisse and its new chief executive, who is seeking to put it back… Continue reading Credit Suisse said to be cutting around 5,000 jobs in cost drive
Automotive Event Data Recorder Market — North America to occupy 36% market share
NEW YORK, Sept. 1, 2022 /PRNewswire/ — The “Automotive Event Data Recorder Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026” report has been added to Technavio’s offering. The report expects the market size to grow by USD 1.32 billion between 2021 and 2026, expanding at a CAGR of 5.86%… Continue reading Automotive Event Data Recorder Market — North America to occupy 36% market share
Biden administration seeks waiver of ‘Buy American’ rules for EV chargers
Washington — The Biden administration is asking for a waiver of “Buy American” rules for federally-funded electric vehicle chargers to more rapidly roll out the infrastructure needed to scale up EV adoption. Domestic content rules say 100% of steel, iron, and manufactured goods made mostly of steel and iron in federal highway projects must be made in the United States. But… Continue reading Biden administration seeks waiver of ‘Buy American’ rules for EV chargers
Qualcomm revved on self-driving tech
Visitors gather at Qualcomm’s booth during a high-tech expo in Shanghai. [Photo provided to China Daily] The Chinese market will be a major revenue source for US semiconductor company Qualcomm’s automotive business, as China’s massive vehicle sector has a faster adoption of autonomous driving technologies than many others, a senior company executive said. The comment… Continue reading Qualcomm revved on self-driving tech
Hendy Group completes acquisition of West Way Nissan in Southampton
Hendy Group has completed its acquisition of West Way Nissan in Southampton from Nissan GB. Hendy Group chief executive Paul Hendy said the Nissan dealership is now being integrated into the group ahead of a planned move to new premises in Eastleigh. He said: “We welcome West Way Nissan colleagues to Team Hendy and look… Continue reading Hendy Group completes acquisition of West Way Nissan in Southampton