A semiconductor shortage is dragging on some of the world’s biggest auto manufacturers, costing Daimler, Nissan Motor, Honda Motor and Ford Motor production of a range of cars. From a report: Mercedes-Benz maker Daimler joined its German peer Volkswagen AG in announcing it’s affected by the industrywide supply bottleneck, without quantifying the impact. Honda said it will cut domestic output by…
Tag: Volkswagen AG
Volkswagen CEO Says Apple Can Mount Major Challenge With Auto Push
Volkswagen AG Chief Executive Officer Herbert Diess said cash-rich technology giants invading the auto industry pose a much bigger challenge for the German manufacturer than traditional rivals like Toyota Motor. From a report: “We look forward to new competitors who will certainly accelerate the change in our industry and bring in new skills,” Diess said in a LinkedIn post when asked…
Electric-Car Companies Now Comprise Half the Worth of the World’s 10 Most Valuable Automakers
An anonymous reader quotes a report from Bloomberg: Electric-car companies are suddenly worth half of the total market capitalization of the world’s 10 most valuable automakers. That’s because money managers sized up the convergence of government policies and people’s preferences combating climate change and made alternative energy their biggest bet. Much was achieved by Tesla Inc., the Palo Alto maker of…
Audi To Cut 9,500 German Jobs In Switch To Electrification
An anonymous reader quotes a report from Bloomberg: Audi plans to eliminate roughly 15% of its German workforce to lift earnings by $6.6 billion as Volkswagen AG’s largest profit maker pushes ahead with a restructuring plan to help adapt to the costly transition to electric cars. The turnaround is aimed at regaining ground lost to luxury-car leaders Mercedes-Benz and BMWand counter…
French Startup Transition-One Plans a $5,600 Electric Makeover For Your Old Diesel Car
An anonymous reader quotes a report from Bloomberg: About 5,000 euros ($5,600) are set to buy your 10-year-old combustion clunker an electric makeover — and offer a cut-price way to avoid driving bans across European cities. French startup Transition-One has developed retrofitting technology that adds an electric engine, batteries and a connected dashboard into older models of Fiat Chrysler Automobiles NV,…
Audi Recalls Its First Electric Car for Battery Fire Risk
Volkswagen AG luxury brand Audi is recalling its first all-electric vehicle due to the risk of a battery fire. From a report: The company issued a voluntary recall of approximately 540 E-Tron SUV models sold in the U.S. because of a risk that moisture can seep into the battery cell through a wiring harness glitch, spokesman Mark Dahncke said. The company…
VW, BMW and Daimler Hindered Clean-Air Technology, European Regulator Says
The German automakers colluded to prevent the development of emissions-cleaning technology in violation of antitrust rules, the European Commission found. Source: https://www.nytimes.com/2019/04/05/business/eu-collusion-bmw-vw-daimler-emissions.html?partner=rss&emc=rss