Month: April 2022

Volvo Cars and Jaguar Land Rover are laying off the bulk of their Russian office staff, Kommersant newspaper reported. JLR is in effect leaving Russia, only keeping staff to coordinate administrative procedures, one source told the newspaper. Volvo plans to continue warranty support in the country and is ready to pay for parts via parallel
0 Comments
Asbury Automotive Group Inc. now seeks to produce $32 billion in revenue by 2025 — including $6.2 billion that would come from buying more companies. The revised 2025 revenue target announced Thursday is 60 percent higher than the $20 billion goal the public dealership group had set for the same timetable in December 2020. Asbury,
0 Comments
BEIJING/SHANGHAI – Baidu and Pony.ai said on Thursday they had received permits to deploy robotaxis without humans in the driver seat on open Chinese roads for the first time, in another instance of Beijing’s support for the autonomous-driving sector. The permits are the latest set of approvals the municipal government has handed out over the
0 Comments
DUESSELDORF — Volkswagen and BP plan to deepen their European electric-charging partnership and could expand it to other regions and technologies, the CEOs of both companies said. The comments reflect increasing efforts by automakers and energy companies, including utilities and oil companies, to expand charging infrastructure for electric vehicles and tackle the issue of range
0 Comments
4:10 AM ET Formula One race directors Eduardo Freitas and Niels Wittich have both tested positive for COVID-19, raising questions about who will take charge of next week’s inaugural Miami Grand Prix, British media reported on Wednesday. A well-placed source confirmed to Reuters that the news, first reported by the Daily Telegraph and Sky Sports
0 Comments
Hertz Global Holdings Inc. said first-quarter revenue of $1.8 billion was up 57 percent from a year ago, excluding the Donlen fleet management business sold last year. The company’s adjusted earnings before interest, taxes, depreciation and amortization rose from about breakeven to $614 million, while its average global revenue per day soared 28 percent to
0 Comments