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Renault’s Board of Directors has decided to study with FCA the potential 50/50 merger PDF Print E-mail
Tuesday, 28 May 2019

Renault's Board of Directors met yesterday, Monday 27 May, to examine the proposal received from FCA (Fiat Chrysler Automobiles) regarding a potential 50/50 merger between

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Daimler CEO Zetsche Passes the Reins PDF Print E-mail
Sunday, 26 May 2019

Daimler CEO Dieter Zetsche has given way to his successor after 13 years at the helm as the automaker face challenges in the transition to electric cars and digital transportation technologies.

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Ford Job Cuts Loom PDF Print E-mail
Sunday, 26 May 2019

Ford CEO Jim Hackett told employees last week that by this September 7,000 salaried positions will have been eliminated globally—roughly 10% of Ford's salaried work force—saving the company USD $600m annually.

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BMW's Harald Krüger Sings Shareholder Praises in Munich PDF Print E-mail
Monday, 20 May 2019

Extract from the conference to the stakeholders

"Earning of €9.8bn is the second-highest Group earnings in our history. Our Group EBT margin was above 10%, and we invested almost €6.9bn in R&D.

"You are passionate about everything you do. You create

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German R&D Centre for Geely PDF Print E-mail
Monday, 20 May 2019

Geely Auto Group, who claim to be China's leading privately-owned automotive company, have opened a research and development facility at Raunheim, Germany. They say their intent is to accelerate innovation in new propulsion systems and next-generation

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Nissan Resisting Renewed Renault Merger Efforts PDF Print E-mail
Monday, 20 May 2019

Nissan are opposing renewed efforts by alliance partner Renault to merge under a holding company because such a structure will not help turn the Japanese automaker around. Talks have been ongoing since Renault Chairman Jean-Dominique Senard first made

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Outside Perspective for Manley's FCA Team PDF Print E-mail
Monday, 20 May 2019

Since succeeding Sergio Marchionne as CEO last summer, Mike Manley (photo) has largely untangled FCA's organisational chart, delegated critical duties and given the leadership council several calculated infusions of new blood, inviting fresh perspectives

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BAIC Want a Stake in Daimler PDF Print E-mail
Monday, 20 May 2019

China's BAIC Group are trying to buy a stake of up to 5% in Daimler as a way to secure their investment in Beijing Benz Automotive, and have asked local authorities in Beijing to support a stake purchase. It remains unclear whether BAIC Group can raise the nearly

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Next Daimler Chief Will Have Hard Job: Zetsche PDF Print E-mail
Monday, 13 May 2019

Daimler's next CEO will have a tough job to restore margins, current CEO Dieter Zetsche said, as Mercedes launched a new luxury electric car to rival Tesla. He also says the company must find a way to rebuild margins after research and development

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Audi sales slump puts pressure on new CEO PDF Print E-mail
Monday, 13 May 2019

Audi's global vehicle sales fell 13% in April adding urgency to a plan to reignite momentum due later this month from new CEO Bram Schot.
Monthly deliveries dropped to 140,300 and sales since the start of the year have declined 5.9% on a challenging

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WardsAuto Interior Conf: Enhancing Interior Reality, Virtually PDF Print E-mail
Monday, 13 May 2019

Technologies such as immersive environments, virtual reality, computer design and Industry 4.0 are transforming the way designers and engineers create the latest automotive interiors. Innovative technologies and digitalization rapidly are improving

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