Toyota makes a profit in the corona crisis
Japan’s auto giant has been preparing for a major crisis for years. This pays off in the corona pandemic: Toyota is making a profit despite the crisis. Japan’s largest automaker …
Coronavirus is turning back globalization in the auto business
Mitsubishi is withdrawing from Europe, other car brands will follow. The coronavirus is causing a global reorganization in the auto business. Mitsubishi withdrawal from Europe The announcement from Japan last …
Daimler strengthens cooperation with battery supplier CATL
The Chinese company CATL becomes an important supplier of Mercedes electric cars. The previous cooperation with Daimler will be intensified. Daimler is moving closer together with the Chinese supplier CATL …
Tesla boss Musk rejects criticism of the Autopilot as “idiotic”
Tesla’s driver assistance system has come under fire after several fatal accidents. Elon Musk considers the controversy surrounding the name “Autopilot” to be “idiotic”. Tesla boss Elon Musk has expressed …
BMW posts 666 million euros in operating loss in second quarter of 2020
The automaker is suffering the worst quarter in the company’s history due to the corona – but is still doing better than competitors like Daimler or VW. Worst quarter ever …
VW investment helps Ford make a profit
Due to a joint participation with VW in a robot car company, the US automaker has generated a surplus. But sales have dropped 50 percent. $1.1 billion net profit in …
Fiat Chrysler reports a billion euro loss in second quarter of 2020
Due to the corona crisis, the carmaker sold 63 percent fewer cars in the second quarter than in the previous year. That made for deep red numbers. From €4.65 billion …
Renault in crisis mode – 7.29 billion euros net loss in first half of 2020
The new Renault boss Luca de Meo starts with a difficult legacy. The French are in a financial crisis and are writing billions in losses. €7.29 billion loss in first …
VW with loss of billions: Shareholders get one billion euros less
Volkswagen actually wanted to distribute a good three billion euros to its shareholders. But the corona crisis is forcing the company to be more economical. One billion less divided The …
Ford builds 750 EV chargers at its Cologne factory
Ford installs 750 charging stations on its Cologne factory premises in Niehl and Merkenich. In parallel to the market launch of the Ford Kuga Plug-In Hybrid, the car manufacturer is …
Volvo Cars affected by the pandemic in the first half of 2020, sees strong recovery in the second half
Volvo Cars reports financial result for the first half of 2020, which was strongly affected by the Covid-19 pandemic and its impact on the global economy. Volvo Cars expects a …
Poland is planning its own electric cars
Electromobility Poland presents the first design studies. The vehicles are expected to come in 2023 and a large part will be manufactured in Poland. Poland plans to start producing electric …
GM can mitigate crash in the red – share gains
The US automotive group has suffered a good $800 million loss in the second quarter. But GM has reserves – and the markets are relieved. General Motors has slowed the …
Continental & Nvidia develop supercomputers for autonomous driving AI
Continental wants to use a powerful computer to automate the development of robot car AI even more – and is even ahead of Tesla. So far, there has been a …
Nissan faces another billion dollar loss
The Renault partner is deep in the loss zone. The corona crisis is exacerbating the need for renovation. Despite the corona crisis, Renault’s Japanese partner Nissan dares to make a …
Daimler cuts the working hours of tens of thousands of employees
To avoid dismissals, Daimler reduces the working hours of administrative staff by two hours a week without wage compensation. Premiums are canceled. The automaker Daimler continues to save against the …
Tesla begins ground work in Texas for its largest Gigafactory worldwide
On three continents at the same time, Tesla is now building new factories for the production of electric cars, battery packs and perhaps also battery cells: After CEO Elon Musk …
Infineon hopes that the VW ID.3 will be successful
For the IT group, the success of the ID.3 is almost as important as for the car manufacturer. Because the electric vehicles need more chips than combustion engines. Fewer cars, …
BMW plans to sell seven million electric cars within ten years
BMW wants to significantly increase the number of electric cars with fully electric drives for model series such as the high-selling 5 Series. “In ten years, a total of more …
BMW buys battery cells from Swedish Northvolt
The Munich-based automaker will need more batteries for its electric cars in the future. BMW plans to buy from Northvolt for two billion euros. The BMW group signs another billion-dollar …
Tesla plans to produce batteries at Giga Berlin factory
The US electric car manufacturer Tesla wants to manufacture the batteries it needs for its planned factory in Grünheide near Berlin. “There will be a local cell production that will …
Analyst: Tesla and CATL could open up western markets for LFP batteries together
Something is missing in the revised plans for Tesla’s European Gigafactory near Berlin, the preparation and construction of which are making rapid progress: unlike the original Tesla applications, made public …
Tesla no longer allowed to advertise “Autopilot” in Germany
The regional court in Munich believes that the car manufacturer’s advertising statements on autonomous driving are misleading. The competition commission has thus prevailed. The Munich Regional Court banned the California …
Leaf successor Ariya: Nissan unveils electric SUV
The carmaker has had years of scandals and miserable balance sheet figures. With the Ariya as the new flagship, Nissan wants to be back in the profit zone. The Covid-19 …
Tesla rival Rivian receives $2.5 billion from Amazon and other investors
In the USA, there is a race for the first electric car in the lucrative pick-up segment. Rivian is now getting fresh money – including from Amazon and Blackrock. In …