Porsche Automobil Holding SE posted a 17 percent rise in second-quarter after-tax profits to €1.01 billion ($1.35 billion).
Category Archives: Useful Information
W. Europe Recovery on track as car sales rise 5% in July
Car sales in Western Europe grew by 5 percent in July to just over 1 million vehicles, bringing sales for the first seven months to 7.4 million units compared to 7.0 million in the same period last year, according to market researchers LMC Automotive.
Unions force VW to axe consultants in clash over cost cuts
By Edward Taylor and Andreas Cremer
Volkswagen’s €5 billion ($6.68 billion) cost-savings plan hit a major setback after labor leaders forced management to axe McKinsey, the consultants working out the cuts, three sources with knowledge of the matter told Reuters on Thursday.
Volkswagen Group ERL working on more intuitive communications between driver, car and environment
As vehicle connectivity and advanced assistance systems become a ubiquitous part of driving, researchers at Volkswagen Group’s Electronics Research Laboratory (ERL) are working to create a “perfect driving experience” by enabling more intuitive forms of communications between the driver, the car and the external environment.
U.S. Gov’t fines Hyundai $17.35M over brake defect
By JOAN LOWY
Hyundai has agreed to pay a $17.35 million fine for delayed reporting of a brake defect affecting Genesis luxury cars, the National Highway Traffic Safety Administration said Thursday.
