Tag: VW

As Chinese EVs get cheaper, brands roll out luxury features to stand out

The battle for consumer attention in China’s electric car market is being fought over touches of “tech luxury” that car buyers in other markets have never seen. China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack technology and features once considered premium into EVs as cheap as $20,000—less than half… Continue reading As Chinese EVs get cheaper, brands roll out luxury features to stand out

European truck giant eyes opportunities in China’s high-quality development

A truck by Swedish company Scania pictured at the IAA Commercial Vehicles Fair in Hanover, Germany on Sept 19, 2018. [Photo/VCG] BEIJING — Leading European truck manufacturer Scania is actively targeting the Chinese market to leverage significant opportunities amid China’s broader push for high-quality development, according to the president of the company’s China unit. Speaking… Continue reading European truck giant eyes opportunities in China’s high-quality development

VW to grow China sales to 4 million units in 2030

A Volkswagen charging station is displayed at the Shanghai auto show on April 18, 2023. [Photo provided to chinadaily.com.cn] Volkswagen AG expects to scale up its sales to 4 million units in 2030 in China, which CEO Oliver Blume said is the German carmaker’s “second home market”. The 2030 sales goal, which was announced on… Continue reading VW to grow China sales to 4 million units in 2030

Desira Group acquires Simpson Garage Great Yarmouth

Desira Group has expanded its portfolio with the addition of Simpson Garage Great Yarmouth for an undisclosed sum. Simpsons will not change the name to Desira, it will continue trading as it is. The addition of Simpsons includes new and used motorhome sales (a new area of growth for Desira), used car sales and aftersales… Continue reading Desira Group acquires Simpson Garage Great Yarmouth

@VW Group: Porsche, Manthey EMA and Thomas Preining launch Project Title Defence008608

25/04/2024 Next weekend in Oschersleben, the DTM heads into its 40th season with 20 vehicles lining up on the grid. Porsche’s customer team Manthey EMA brings two 911 GT3 R cars to the eight doubleheader race weekends. Defending champion Thomas Preining will helm the No. 91 car. His new teammate Ayhancan Güven takes over the… Continue reading @VW Group: Porsche, Manthey EMA and Thomas Preining launch Project Title Defence008608

@VW Group: Streamlining: the standard-setting new Macan008607

It’s all down to this line, a mere stroke on paper. And yet it marks a a new beginning. The coupé-like roofline of the Macan and the striking rear—with its shape so typical of Porsche—evoke the tight, unmistakable flyline of the 911. But this time, it’s not just a reminder of the Porsche icon. Rather,… Continue reading @VW Group: Streamlining: the standard-setting new Macan008607

German Manager Magazine: Beijing Auto Show: “China no longer lets Mercedes or BMW decide”003282

Message from “UncleSam” on WeChat: “I’m at the VW stand. In front of the Touareg.” At the front of the huge exhibition stand, Volkswagen has parked its combustion engines such as the Touareg, the models After all, they still have to deliver money in the next few years. Electrical hopes are only further behind. As… Continue reading German Manager Magazine: Beijing Auto Show: “China no longer lets Mercedes or BMW decide”003282

German Manager Magazine: Continental: Auto supplier has to pay millions in fines in emissions scandal003281

The Hanover public prosecutor’s office has imposed a fine of 100 million euros on the automotive supplier in connection with emissions manipulation Continental imposed. The proceedings for a negligent violation of the duty of supervision were directed against Continental AG and other companies in the group, as the law enforcement authority announced on Thursday in… Continue reading German Manager Magazine: Continental: Auto supplier has to pay millions in fines in emissions scandal003281

SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Innoviz

NEW YORK, April 25, 2024 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Innoviz Technologies Ltd. (“Innoviz” or the “Company”) (NASDAQ: INVZ) and reminds investors of the May 14, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has… Continue reading SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Innoviz