Audi is planning to take steps to boost efficiency and lower costs on all operating levels, according to a senior company source, as the luxury carmaker struggles to raise output and profit margins.
Category Archives: General Talk
Panasonic, Tesla to build giant battery plant in US
Japanese electronics giant Panasonic and US electric vehicle maker Tesla Motors said Thursday they will jointly build and operate a huge lithium ion battery plant known as the Gigafactory.
Fiat investors likely to approve Chrysler merger
Fiat shareholders will likely approve the automaker’s merger with Chrysler Group when they meet in Italy for the last time today.
Industry watchers expect Fiat to win the two-thirds majority vote needed for a merger that will create the world’s seventh largest automaker because its biggest shareholder, Exor, the holding company of Fiat’s founding family, owns an influential 30.04 percent stake.
Marchionne says “open to new alliances but won’t sell Alfa Romeo”
Fiat CEO Sergio Marchionne reiterated that Alfa Romeo will not be sold but said he remains open to forming alliances with other carmakers if it helped cut costs, especially in Europe where sales have been moribund for years.
Daimler to invest $2B in Sindelfingen Plant by 2020
By 2020, Daimler will invest €1.5 billion (US$2 billion) at the Mercedes-Benz Cars Sindelfingen Plant and will significantly improve its competitive position.
