Monthly Archives: March 2014

BMW orders 2 more ENGEL moulding machines for i3 EV body shell components

ENGEL_Pressemitteilung_BMW_Leipzig(1)

BMW has awarded ENGEL Austria another contract to supply system solutions to BMW’s Leipzig factory, where ENGEL duo injection moulding machines are used to manufacture car body shell components for the BMW i3 electric vehicle. The latest order includes two large-scale ENGEL duo machines with 40,000 kN clamping force integrated as a double system.

Friedrich Eichiner, sees risks to BMW’s Russia business

BMW's finance chief sees risks to group's Russia business

BMW’s Chief Financial Officer, Friedrich Eichiner, said any worsening of the crisis between Ukraine and Russia, one of the carmaker’s fastest growing markets, would jeopardize the company’s outlook, while the group’s CEO, Norbert Reithofer, urged for a diplomatic solution to the conflict.

VW to approve budget car after solving cost issues

VW to approve budget car after solving cost issues

Volkswagen’s management board will sign off on a budget car for emerging markets after ending a long struggle to meet cost targets for the vehicle, a German business magazine said.

VW keeps to Russia growth plan as Europe weighs sanctions

VW keeps to Russia growth plan as Europe weighs sanctions

Volkswagen Group will stick with ambitious expansion plans in Russia even as European leaders consider sanctions over the country’s seizure of Crimea, CEO Martin Winterkorn said.

Porsche CEO Matthias Müller, considering an all electric vehicle

Back in 2011, Porsche launched three purely electric-powered Boxster prototypes, that were described as “mobile laboratories” for large-scale tests that will help Porsche gather feedback about electric cars, user behaviour and their practicality.