Cars
BMW will invest a total of €3 billion ($3.89 billion) for its range of “i†EV vehicles by the end of this year, according to a report from German newspaper Handelsblatt. The money comes from profits BMW makes in booming markets like China, Handelsblatt wrote, adding that the sum is based on calculations made together with the bank Credit Suisse. Read more »
- Vw Starts To Feel The Crisis: Q1 Profit Down Almost 50 Percent
Although deliveries and market share are on the rise for the first quarter of 2013, Volkswagen Group posted a profit before tax of €2.7 billion ($3.53 billion), down from €4.2 billion ($5.5 billion) in the same period last year. Profit after...
- Achtung! Vw To Post Its First Profit Drop Since 2009 Due To Deepening European Crisis
German car manufacturers are not, after all, immune from the debt crisis that has already affected the rest of their European rivals. After Mercedes-Benz reportedly implemented a US$1.3 billion cost-cutting program to maintain profitability, VW is expected...
- Vw May Start Selling Mqb Platform To Other Carmakers After 2015
When you spend four years more than €60 billion (US$80 billion) in developing a groundbreaking new platform, then you better make sure that your investment will pay off for itself big time. This is what the VW Group has done for its brand-new MQB...
- Mg Preparing An Array Of New Models To Conquer Europe
SAIC Motor Corporation, the owner of MG Motors, plans to develop several new models for the British brand in order to boost sales outside its home market in China. The Chinese owner of MG Motors has already spent £1 billion ($1.64 billion) to re-launch...
- Daimlerchrysler Lost €3.9 Billion On Smart The Past 4 Years
Citing papers obtained from the liquidated Smart GmbH, German newspaper Handelsblatt is reporting that Smart has cost DaimlerChrysler around €3.9 billion (or $5.21 billion - exchange rate June 12, 2007) over the period 2003 - 2006. It should be...
Cars
BMW Reportedly Investing €3 Billion to Develop its "i" EV Range
BMW will invest a total of €3 billion ($3.89 billion) for its range of “i†EV vehicles by the end of this year, according to a report from German newspaper Handelsblatt. The money comes from profits BMW makes in booming markets like China, Handelsblatt wrote, adding that the sum is based on calculations made together with the bank Credit Suisse. Read more »
- Vw Starts To Feel The Crisis: Q1 Profit Down Almost 50 Percent
Although deliveries and market share are on the rise for the first quarter of 2013, Volkswagen Group posted a profit before tax of €2.7 billion ($3.53 billion), down from €4.2 billion ($5.5 billion) in the same period last year. Profit after...
- Achtung! Vw To Post Its First Profit Drop Since 2009 Due To Deepening European Crisis
German car manufacturers are not, after all, immune from the debt crisis that has already affected the rest of their European rivals. After Mercedes-Benz reportedly implemented a US$1.3 billion cost-cutting program to maintain profitability, VW is expected...
- Vw May Start Selling Mqb Platform To Other Carmakers After 2015
When you spend four years more than €60 billion (US$80 billion) in developing a groundbreaking new platform, then you better make sure that your investment will pay off for itself big time. This is what the VW Group has done for its brand-new MQB...
- Mg Preparing An Array Of New Models To Conquer Europe
SAIC Motor Corporation, the owner of MG Motors, plans to develop several new models for the British brand in order to boost sales outside its home market in China. The Chinese owner of MG Motors has already spent £1 billion ($1.64 billion) to re-launch...
- Daimlerchrysler Lost €3.9 Billion On Smart The Past 4 Years
Citing papers obtained from the liquidated Smart GmbH, German newspaper Handelsblatt is reporting that Smart has cost DaimlerChrysler around €3.9 billion (or $5.21 billion - exchange rate June 12, 2007) over the period 2003 - 2006. It should be...