Tag: Financial Results

MotorVise: Dealerships committing “database suicide” with opt-in

Automotive retail solutions provider MotorVise has claimed that a series of dealerships and dealer groups have been misinformed by leading industry consultants, manufacturers and associations with regards to GDPR compliance. These companies are reported to have advised that dealerships need customers to ‘opt in’ to continue to receive marketing communications. According to MotorVise director Fraser… Continue reading MotorVise: Dealerships committing “database suicide” with opt-in

Nissan debuts open-air version of the new Nissan LEAF

Nissan debuted the Nissan LEAF Open Car, an open-air version of the new Nissan LEAF electric car, in Tokyo today. TOKYO (May 25, 2018) – Nissan showed the Nissan LEAF Open Car, an open-air version of the new Nissan LEAF, in Tokyo today. The 100% electric car was displayed at a forum to celebrate the… Continue reading Nissan debuts open-air version of the new Nissan LEAF

Volvo Cars to expand production following overwhelming demand for XC40

Volvo Cars to expand production following overwhelming demand for XC40   Volvo Cars, the premium car maker, has received almost 80,000 orders for the new award-winning XC40 small SUV and is expanding production in Europe and China in order to meet demand.   Production will be expanded at its Ghent manufacturing plant and Volvo Cars… Continue reading Volvo Cars to expand production following overwhelming demand for XC40

Flight of the Valkyries.

The serially loss-making Aston Martin Holdings Ltd. is purring again. At least, that’s the conclusion you might draw from the few financial figures the luxury carmaker hands out to journalists each quarter. Revenue jumped by half last year thanks to swish new models such as the DB11. The private-equity and Kuwaiti-owned company’s 87 million pounds ($116 million) of… Continue reading Flight of the Valkyries.

News Release – Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness

Please click HERE for a PDF version of the release. Reduces effort needed to open and close a car door by 40-60 percent Allows increased sealing to create a quieter cabin – a key factor in driver satisfaction ratings Will enter the market on future models with a European automaker AURORA, Ontario, May 23, 2018… Continue reading News Release – Magna Develops Comfort+ Door Latch to Improve Door Quality and Cabin Quietness

Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B

Uber’s CEO is in Paris this week meeting with the French president to talk tech in Europe and expanding its insurance coverage in the region, but back in the US the company is moving ahead on another kind of expansion. TechCrunch has learned and confirmed that Uber is raising another secondary round of funding of up… Continue reading Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B

Upstarts emerge to chase Tesla’s lead in electric vehicles

A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla’s lead in an effort to power the next generation of the electric vehicle industry. Electric vehicle startups have raised more than $2 billion in the U.S. over the first months of 2018 alone, a huge increase over the $650 million… Continue reading Upstarts emerge to chase Tesla’s lead in electric vehicles

Tesla Model 3: Tesla wants to solve brake problem with software update

A faulty algorithm should be the cause of the brake problems, the US consumer protection organization Consumer Reports at Tesla Model 3 Has been established. Tesla want in the coming days softwareUpdate, which made the mistake on the electric car fixes. May 23, 2018, 1:04 pm, Werner Pluta Tesla Model 3: The basic version would… Continue reading Tesla Model 3: Tesla wants to solve brake problem with software update

Workhorse Group Reports First Quarter 2018 Results

CINCINNATI, May 9, 2018 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective electric mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2018. First Quarter Operational Highlights Announced an expanded partnership with UPS for up to 1000 N-GEN… Continue reading Workhorse Group Reports First Quarter 2018 Results