A lot of money burned A number of e-car startups have failed miserably 7/7/2023 1:56 p.m In the 2010s, one promising EV startup after another has emerged. However, it is now clear that many of them have promised too much. Investors were often put off for years before they finally failed. Looking back, the hype … Read more
Title: European Car Manufacturers Call for Postponement of Post-Brexit Rules for Electric Cars Subtitle: Association of European Car Manufacturers (ACEA) Urges Brussels to Extend Deadline for New Rules of Origin Date: June 20, 2023 Brussels – The Association of European Car Manufacturers (ACEA) has joined forces with the British government to request a three-year postponement … Read more
At the carmaker Opel, the workforce has become thin after heavy job cuts. At the Rüsselsheim headquarters, the Stellantis subsidiary is looking for several hundred temporary workers to support the production ramp-up of the new compact model Astra. A company spokesman said on Thursday that a mid-three-digit number of positions are to be filled temporarily … Read more
The Swedish commercial vehicle manufacturer Volvo increased sales and profits in the past year despite the general lack of chips. In the fourth quarter, however, increased material costs and problems in the supply chain sapped profits, as the truck and bus manufacturer announced in Stockholm on Friday. The global supply of semiconductors and other parts … Read more
The truck manufacturer MAN wants to expand the Munich location into a lead plant for electromobility and thus secure the future of the plant in the long term. “We will invest a three-digit million amount in Munich for the conversion and the planned ramp-up of the production of e-trucks by around the middle of the … Read more
Volkswagen wants to significantly expand its production capacity for electric cars in China. In VW’s third Chinese e-car plant in Anhui, production will begin at the end of 2023, reports “Welt am Sonntag”, citing VW China. So far, VWE has been producing cars in the two factories in Foshan and Anting. “This means that our … Read more
After a break of several years, the Detroit Auto Dealers Association (DADA) dares to restart the traditional North American International Auto Show. The fair is scheduled to open its doors to visitors from September 17th to 25th, before that there will be two days for press and trade visitors as well as a preview for … Read more
After a jump in sales and profits, the commercial vehicle supplier SAF-Holland remains more confident for the year as a whole. “The positive business development continued in the third quarter,” said company boss Alexander Geis on Monday when the nine-month figures were presented in Bessenbach near Aschaffenburg. The company confirmed its targets for the year … Read more
The automotive expert Alexander Brenner will head the aftermarket consulting for the Boston Consulting Group from the Hamburg location. In addition to the repair and spare parts business, the 43-year-old is also expanding other mobility offers such as leasing and vehicle insurance. Alexander Brenner is moving from the management consultancy Roland Berger, where he was … Read more
In the Corona crisis year 2020, the car market in Russia held up better than in many other countries, with sales falling by 9.1 percent compared to 2019. In the largest country in the world in terms of area, 1.599 million new cars were sold between January and December, announced the Association of European Businesses … Read more