Volvo Cars targets annual sales of more than 1 million vehicles in the long term, co-owner and chairman Li Shufu told a Swedish newspaper.
cheaper carbon fiber will offer automakers alternative to steel, aluminium
Carbon fiber reinforced parts for cars could become more than 70 percent cheaper over the next few years, making them an alternative to standard materials such as steel and aluminum, an executive at carbon specialist SGL told German weekly VDI-Nachrichten.
Diesel sales in March account for 26.6% of VW sales, 15.5% of Audi sales
The Volkswagen Group, which accounted for 79% of the light-duty diesels sold in the US in 2013, reported that TDI diesel sales accounted for 26.6% of its Volkswagen brand sales in the US in March, and 15.5% of Audi sales in the US.
PSA partner Dongfeng posts strong 2013 profit
China’s Dongfeng reported a better-than-expected 16 percent rise in 2013 profit due to a rebound in sales at its Japanese partners.
The country’s second-biggest carmaker, which on Wednesday agreed to buy a stake in struggling French partner PSA/Peugeot-Citroen, said net profit was 10.53 billion yuan ($1.70 billion), according to a statement through the Hong Kong Stock Exchange. That beat a forecast of 10.24 billion yuan from 28 analysts polled by Thomson Reuters.
Ballard CEO says fuel cell resurgence no repeat of past bubble
Ballard Power Systems Inc. is poised to report the first profit in its 21-year history as a public company, evidence the fuel cell maker isn’t heading for a repeat of the 2000 technology bust.
CEO John Sheridan, who retires at the end of 2014 after nine years in the top job, has focused on fuel cells for buses, forklifts and telecommunications towers, shifting away from car clients like Ford and Daimler.
