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William Maley

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Everything posted by William Maley

  1. The Volkswagen emblem is easily one of the most recognizable emblems in the auto world, next to Chevrolet's bowtie and Mercedes-Benz's three-pointed star. But the German automaker is planning to make some tweaks for a new future. At a press briefing in Berlin, Volkswagen's chief marketing officer Jochen Sengpiehl said the new logo would debut next year. Details about what the emblem will look like are being kept close to the chest, but Sengpiehl did say it would be updated to look good on their vehicles and smartphone screens. “The brand is not in good shape compared to previous years,” as the marque lost some of its emotional appeal by trying to be “too German. It’s not only because of the diesel scandal,” said Sengpiehl. The goal is to try to and make Volkswagen more approachable and less stiff consumers and "highlight innovations to justify a higher price tag" on their vehicles. Sengpiehl is also planning to change up the company's marketing. To this end, Volkswagen is inviting advertising agencies to pitch ideas in the coming months. Volkswagen is also planning on setting up 'marketing hubs' in key markets that will tailor messages to their respective markets. Source: Bloomberg View full article
  2. The Volkswagen emblem is easily one of the most recognizable emblems in the auto world, next to Chevrolet's bowtie and Mercedes-Benz's three-pointed star. But the German automaker is planning to make some tweaks for a new future. At a press briefing in Berlin, Volkswagen's chief marketing officer Jochen Sengpiehl said the new logo would debut next year. Details about what the emblem will look like are being kept close to the chest, but Sengpiehl did say it would be updated to look good on their vehicles and smartphone screens. “The brand is not in good shape compared to previous years,” as the marque lost some of its emotional appeal by trying to be “too German. It’s not only because of the diesel scandal,” said Sengpiehl. The goal is to try to and make Volkswagen more approachable and less stiff consumers and "highlight innovations to justify a higher price tag" on their vehicles. Sengpiehl is also planning to change up the company's marketing. To this end, Volkswagen is inviting advertising agencies to pitch ideas in the coming months. Volkswagen is also planning on setting up 'marketing hubs' in key markets that will tailor messages to their respective markets. Source: Bloomberg
  3. Describing a Buick as being bold seems somewhat strange, but the Enspire concept that debuted today in China is just that. Describing a Buick as being bold seems somewhat strange, but the Enspire concept that debuted today in China is just that. The overall shape is very different from Buick's current crossover lineup with a pronounced front end, deep cuts in the bumper, cameras mounted where the side-view mirrors would be, flared-out rear fenders, and a sharply raked rear end. The only interior shot provided by Buick is of the front. It looks very futuristic with the dash wrapped in microfiber suede and wood trim, OLED display, and a heads-up display featuring augmented reality technology. Power comes from Buick's eMotion electric powertrain producing 410 kW (about 550 horsepower). 0-60 mph is said to take about 4 seconds. On a single charge, Buick claims the Enspire can travel up to 370 miles. The concept supports both fast and wireless charging - the former providing an 80 percent charge within 40 minutes. Buick will be showing off the Enspire concept at Auto China 2018 in Beijing later this month. Source: Buick Enspire All-Electric Concept SUV Debuts in China Sculptural beauty meets advanced battery electric technology in Chinese concept SUV WUZHEN, China — The Buick Enspire all-electric concept SUV, an exploration of Buick’s bold design ideas and innovative technologies for future mobility, made its global debut in China. Key features include: Experience Features: Exterior feature lines and advanced aerodynamics accentuate the exterior’s strong, sculptural look. A “surround skyline” interior theme and suspended theater-type seating give the Enspire a bright and spacious interior. The center console and armrests are made from natural wood grain and microfiber suede. Cutting-edge technologies include an OLED display screen and an intelligent augmented reality technology-based head-up display system. 5G super high-speed network concept. Performance Features: Buick’s eMotion electric propulsion technology generates a maximum power of 410 kW, enabling the concept to sprint from 0-60 mph in 4 seconds. The Enspire is able to travel up to 370 miles on a single charge. Supports both fast and wireless charging — the battery can be charged to 80 percent of capacity within 40 minutes. The Enspire all-electric concept SUV will be on display at Auto China 2018 in Beijing from April 25 to May 4. View full article
  4. Describing a Buick as being bold seems somewhat strange, but the Enspire concept that debuted today in China is just that. Describing a Buick as being bold seems somewhat strange, but the Enspire concept that debuted today in China is just that. The overall shape is very different from Buick's current crossover lineup with a pronounced front end, deep cuts in the bumper, cameras mounted where the side-view mirrors would be, flared-out rear fenders, and a sharply raked rear end. The only interior shot provided by Buick is of the front. It looks very futuristic with the dash wrapped in microfiber suede and wood trim, OLED display, and a heads-up display featuring augmented reality technology. Power comes from Buick's eMotion electric powertrain producing 410 kW (about 550 horsepower). 0-60 mph is said to take about 4 seconds. On a single charge, Buick claims the Enspire can travel up to 370 miles. The concept supports both fast and wireless charging - the former providing an 80 percent charge within 40 minutes. Buick will be showing off the Enspire concept at Auto China 2018 in Beijing later this month. Source: Buick Enspire All-Electric Concept SUV Debuts in China Sculptural beauty meets advanced battery electric technology in Chinese concept SUV WUZHEN, China — The Buick Enspire all-electric concept SUV, an exploration of Buick’s bold design ideas and innovative technologies for future mobility, made its global debut in China. Key features include: Experience Features: Exterior feature lines and advanced aerodynamics accentuate the exterior’s strong, sculptural look. A “surround skyline” interior theme and suspended theater-type seating give the Enspire a bright and spacious interior. The center console and armrests are made from natural wood grain and microfiber suede. Cutting-edge technologies include an OLED display screen and an intelligent augmented reality technology-based head-up display system. 5G super high-speed network concept. Performance Features: Buick’s eMotion electric propulsion technology generates a maximum power of 410 kW, enabling the concept to sprint from 0-60 mph in 4 seconds. The Enspire is able to travel up to 370 miles on a single charge. Supports both fast and wireless charging — the battery can be charged to 80 percent of capacity within 40 minutes. The Enspire all-electric concept SUV will be on display at Auto China 2018 in Beijing from April 25 to May 4.
  5. The bad luck is continuing at Tesla. Buzzfeed News reports that Tesla has temporarily shut down the Model 3 production line at the Freemont plant for a week. Employees at Tesla tell Buzzfeed the announcement came suddenly and they have the choice of using vacation days or stay home without pay. Some will get the chance to work in other parts of the plant. A Tesla spokesperson said the shutdown is due to the company wanting to “improve automation.” This is the second time this year that Tesla has shut down the Model 3 production line. Back in late February, reports came out that Tesla had shut down the Model 3 production line. "Our Model 3 production plan includes periods of planned downtime in both Fremont and Gigafactory 1. These periods are used to improve automation and systematically address bottlenecks in order to increase production rates. This is not unusual and is in fact common in production ramps like this," said Tesla in a statement at the time. It should be noted this exact statement was issued again after news broke about the second shutdown. This comes on the heels of an interview last week with CBS' This Morning where CEO Elon Musk admitted the Model 3 had too much new technology and relied too much on robots in the production process. Source: Buzzfeed News, Automotive News (Subscription Required) View full article
  6. The bad luck is continuing at Tesla. Buzzfeed News reports that Tesla has temporarily shut down the Model 3 production line at the Freemont plant for a week. Employees at Tesla tell Buzzfeed the announcement came suddenly and they have the choice of using vacation days or stay home without pay. Some will get the chance to work in other parts of the plant. A Tesla spokesperson said the shutdown is due to the company wanting to “improve automation.” This is the second time this year that Tesla has shut down the Model 3 production line. Back in late February, reports came out that Tesla had shut down the Model 3 production line. "Our Model 3 production plan includes periods of planned downtime in both Fremont and Gigafactory 1. These periods are used to improve automation and systematically address bottlenecks in order to increase production rates. This is not unusual and is in fact common in production ramps like this," said Tesla in a statement at the time. It should be noted this exact statement was issued again after news broke about the second shutdown. This comes on the heels of an interview last week with CBS' This Morning where CEO Elon Musk admitted the Model 3 had too much new technology and relied too much on robots in the production process. Source: Buzzfeed News, Automotive News (Subscription Required)
  7. Volvo is finishing up an immense product rollout that began with the XC90 only a few years ago. So what's next on the Swedish automaker's to-do list? As we reported last July, Volvo is gearing up for an electrification offensive beginning in 2019 with five new electric vehicles and a number of mild-hybrid and plug-in hybrid models. Because of this, the automaker isn't planning to launch like a convertible or a rumored SUV coupe. “It would be nice to have a convertible or a coupe. It’s the cream on the cake but you don’t need it to survive,” said Lex Kerssemakers, Volvo's Europe, Middle East and Africa (EMEA) boss. “We cover 98% of the market with our current portfolio. Our electrification goals show we are taking it very seriously and we are rapidly expanding our electrified powertrains.” Autocar reports that the new XC40 crossover will be the first Volvo model to get an all-electric powertrain. Source: Autocar View full article
  8. Volvo is finishing up an immense product rollout that began with the XC90 only a few years ago. So what's next on the Swedish automaker's to-do list? As we reported last July, Volvo is gearing up for an electrification offensive beginning in 2019 with five new electric vehicles and a number of mild-hybrid and plug-in hybrid models. Because of this, the automaker isn't planning to launch like a convertible or a rumored SUV coupe. “It would be nice to have a convertible or a coupe. It’s the cream on the cake but you don’t need it to survive,” said Lex Kerssemakers, Volvo's Europe, Middle East and Africa (EMEA) boss. “We cover 98% of the market with our current portfolio. Our electrification goals show we are taking it very seriously and we are rapidly expanding our electrified powertrains.” Autocar reports that the new XC40 crossover will be the first Volvo model to get an all-electric powertrain. Source: Autocar
  9. There's a war going on between Cadillac and Lincoln. With the new Navigator, Lincoln has a very compelling alternative to Cadillac's aging Escalade. But Cadillac is fighting back by dumping a bunch of cash on the hood. Bloomberg obtained a memo sent to Cadillac dealers that announces a new promotion where current lease customers of 2016 Escalades are being offered a $10,000 discount on a new Escalade. Owners of 2016 Escalades have to make do with a $7,500 discount. The promotion runs until the end of May. GM Spokesman Jim Cain confirmed the promotion to Bloomberg. This isn't the first time Cadillac has put a huge amount of money onto the hood of the Escalade. Back in November, Cadillac was offering owners of Lincoln models from 1999 to the current model year a $5,000 discount on an Escalade. Cadillac still holds a significant edge over the Navigator in terms of sales - 8,111 Escalades vs. 4,062 Navigators through March. But Lincoln is gaining ground with Navigators only sitting on dealer lots 10 days on average. “GM is trying to keep Escalade buyers out of Navigators, for sure. You’ve got a fresh Navigator and you’ve got an Escalade that is not new and is starting to age,” said Jeff Schuster, an analyst at LMC Automotive. “This is a particular battle that GM doesn’t want to lose ground in. It speaks to the importance of the Escalade.” Source: Bloomberg View full article
  10. There's a war going on between Cadillac and Lincoln. With the new Navigator, Lincoln has a very compelling alternative to Cadillac's aging Escalade. But Cadillac is fighting back by dumping a bunch of cash on the hood. Bloomberg obtained a memo sent to Cadillac dealers that announces a new promotion where current lease customers of 2016 Escalades are being offered a $10,000 discount on a new Escalade. Owners of 2016 Escalades have to make do with a $7,500 discount. The promotion runs until the end of May. GM Spokesman Jim Cain confirmed the promotion to Bloomberg. This isn't the first time Cadillac has put a huge amount of money onto the hood of the Escalade. Back in November, Cadillac was offering owners of Lincoln models from 1999 to the current model year a $5,000 discount on an Escalade. Cadillac still holds a significant edge over the Navigator in terms of sales - 8,111 Escalades vs. 4,062 Navigators through March. But Lincoln is gaining ground with Navigators only sitting on dealer lots 10 days on average. “GM is trying to keep Escalade buyers out of Navigators, for sure. You’ve got a fresh Navigator and you’ve got an Escalade that is not new and is starting to age,” said Jeff Schuster, an analyst at LMC Automotive. “This is a particular battle that GM doesn’t want to lose ground in. It speaks to the importance of the Escalade.” Source: Bloomberg
  11. Jaguar Land Rover is making some cuts to their work staff. Today, the British automaker announced that it would not renew the contracts of 1,000 agency workers at its Solihull factory in the United Kingdom. According to Autocar, JLR is holding meetings with workers to discuss the changes. In a statement, JLR said the decision is due “continuing headwinds” that have forced the company to make "adjustments to production schedules and the number of agency staff”. Those “continuing headwinds” are due to regulatory crackdown on diesel engines and higher taxes being placed on these models. This confirms news late last week about the automaker making cuts to their workforce. JLR also announced that it would be moving 360 workers from the Castle Bromwich to Solihull due to declining car sales. Bromwich is where the company produces most of Jaguar's lineup (F-Type, XE, XF, and XJ). Sales of diesel vehicles have been hit hard due to the Volkswagen diesel emission scandal. Jaguar Land Rover has been hit the hardest in their home country of the United Kingdom. 90 percent of Jaguar Land Rover models sold in the country are diesels, compared to 45 percent globally. According to industry association SMMT, Land Rover saw sales decline 20 percent to 23,815 through March. Jaguar posted a larger 26 percent decline to 9.709. JLR is trying to change that as they get ready to launch the I-Pace EV later this year, and plans on introducing electrified variants of all of their models by 2020. Source: Automotive News (Subscription Required), Autocar View full article
  12. Jaguar Land Rover is making some cuts to their work staff. Today, the British automaker announced that it would not renew the contracts of 1,000 agency workers at its Solihull factory in the United Kingdom. According to Autocar, JLR is holding meetings with workers to discuss the changes. In a statement, JLR said the decision is due “continuing headwinds” that have forced the company to make "adjustments to production schedules and the number of agency staff”. Those “continuing headwinds” are due to regulatory crackdown on diesel engines and higher taxes being placed on these models. This confirms news late last week about the automaker making cuts to their workforce. JLR also announced that it would be moving 360 workers from the Castle Bromwich to Solihull due to declining car sales. Bromwich is where the company produces most of Jaguar's lineup (F-Type, XE, XF, and XJ). Sales of diesel vehicles have been hit hard due to the Volkswagen diesel emission scandal. Jaguar Land Rover has been hit the hardest in their home country of the United Kingdom. 90 percent of Jaguar Land Rover models sold in the country are diesels, compared to 45 percent globally. According to industry association SMMT, Land Rover saw sales decline 20 percent to 23,815 through March. Jaguar posted a larger 26 percent decline to 9.709. JLR is trying to change that as they get ready to launch the I-Pace EV later this year, and plans on introducing electrified variants of all of their models by 2020. Source: Automotive News (Subscription Required), Autocar
  13. Mercedes-AMG has its eye on adding a third standalone model to join the GT Coupe/Cabriolet and GT 4-Door Coupe. Speaking with Autocar, Mercedes-AMG's head Tobias Moers hinted about a new model. One model that can be crossed off the list is an SUV. “There was a clear space in the market for the four-door GT, but we already have many excellent AMG SUV derivatives and it makes no sense to steal from them just so we can make our own car,” said Moers. Autocar speculates the new model could be a competitor to the Porsche Boxster/Cayman. It would also be a perfect replacement for the slow-selling Mercedes-Benz SLC. Source: Autocar View full article
  14. Mercedes-AMG has its eye on adding a third standalone model to join the GT Coupe/Cabriolet and GT 4-Door Coupe. Speaking with Autocar, Mercedes-AMG's head Tobias Moers hinted about a new model. One model that can be crossed off the list is an SUV. “There was a clear space in the market for the four-door GT, but we already have many excellent AMG SUV derivatives and it makes no sense to steal from them just so we can make our own car,” said Moers. Autocar speculates the new model could be a competitor to the Porsche Boxster/Cayman. It would also be a perfect replacement for the slow-selling Mercedes-Benz SLC. Source: Autocar
  15. Yesterday, Volkswagen's supervisory board showed current CEO Matthias Müller the door and announced that Dr. Herbert Diess, the current head of the Volkswagen brand will take his place. This confirms reports earlier this week about a change in leadership. In a statement, Volkswagen said the decision of Müller's departure was “mutual” and will be effective immediately. “Matthias Müller has done outstanding work for the Volkswagen Group. He assumed the chairmanship of the Board of Management in the fall of 2015 when the Company faced the greatest challenge in its history. Not only did he safely navigate Volkswagen through that time; together with his team, he also fundamentally realigned the Group’s strategy, initiated cultural change and, with great personal commitment, made sure that the Volkswagen Group not just stayed on track but is now more robust than ever before. For that, he is due the thanks of the entire Company,” said Hans Dieter Pötsch, chairman of the supervisory board. Diess' rise to CEO is surprising considering he joined Volkswagen from BMW in 2015 - just a few months before the diesel emission scandal came to light. He has made great strides in improving Volkswagen's tendency to spend money like its going out of style. This was important during the aftermath of diesel emission scandal. “The Volkswagen Group is a union of strong brands with great potential. Matthias Müller has laid the groundwork for our transformation. My most important task will now be to join with our management team and our Group workforce in consistently pursuing and pushing forward our evolution into a profitable, world-leading provider of sustainable mobility. In a phase of profound upheaval in the automotive industry, it is vital for Volkswagen to pick up speed and make an unmistakable mark in e-mobility, the digitalization of the automobile and transportation as well as new mobility services,” Diess said in a statement. This wasn't the only change made by Volkswagen's supervisory board yesterday. The company will reorganize their passenger car brands into three groups. Volume: Seat, Skoda, and Volkswagen Premium: Audi Super Premium: Bentley, Bugatti, Lamborghini, and Porsche Volkswagen's truck division will go into their own separate unit. Diess is also planning a review of all the companies under the Volkswagen group umbrella (Ducati motorcycles and Renk, a transmission maker) to see whether it makes sense to keep them. "We've lost a great deal of trust with customers. It will be a long, rough road to gain it back," said Diess. Source: Automotive News (Subscription Required), 2, Reuters, Volkswagen EXTENSIVE REVISION OF VOLKSWAGEN GROUP MANAGEMENT STRUCTURE DECIDED Apr 12, 2018 Board of Management and Supervisory Board pave the way for more efficient Group management Group will be organized into six business areas and the China region Dr. Herbert Diess follows Matthias Müller as Chairman of the Group’s Board of Management Supervisory Board thanks Matthias Müller for outstanding service New head of Human Resources and Organization – Gunnar Kilian to follow Karlheinz Blessing Dr. Garcia Sanz leaves the Company at his own request Porsche CEO Oliver Blume appointed to Group Board of Management WOLFSBURG, April 12, 2018 – The Board of Management and Supervisory Board of Volkswagen Aktiengesellschaft have resolved to extensively revise the Group’s management structure. Volkswagen is thus systematically continuing to transform its business and establishing even more efficient Group management in a phase of highly dynamic change in the Company and the entire automotive industry. In order to sustainably implement the new structure, there will be a number of changes on the Board of Management. Matthias Müller steps down as Chairman of the Board of Management by mutual agreement, effective immediately. At its meeting on Thursday, the Supervisory Board appointed Dr. Herbert Diess as his successor. Chairman of the Supervisory Board Hans Dieter Pötsch expressly thanked Müller for his dedication: “Matthias Müller has done outstanding work for the Volkswagen Group. He assumed the chairmanship of the Board of Management in the fall of 2015 when the Company faced the greatest challenge in its history. Not only did he safely navigate Volkswagen through that time; together with his team, he also fundamentally realigned the Group’s strategy, initiated cultural change and, with great personal commitment, made sure that the Volkswagen Group not just stayed on track but is now more robust than ever before. For that, he is due the thanks of the entire Company.” The introduction of the brand groups Volume, Premium and Super Premium, along with the planned preparation for capital market readiness of Truck & Bus, create the basis for a more subsidiary leadership of the Group. The Chairmen of the Board of Management responsible for the brand groups will be taking on additional Group management roles. Following this reorganization, Herbert Diess will be responsible for Group Development and Research, Rupert Stadler for Group Sales, and Oliver Blume for Group Production. Additional Group functions will be allocated according to the same principle. Due to the special significance of vehicle connectivity, Vehicle IT will be led by Herbert Diess himself; Company IT will be headed by Frank Witter. Procurement and Components are to be combined into one unit going forward. The new structure streamlines Group management, systematically leverages synergies in the individual operating units and speeds up decision-making. “The Volkswagen Group’s goal is and remains to align the Company and its brands with future needs, to safeguard its position among the leaders of the international automotive industry with innovativeness and profitability and to be instrumental in shaping tomorrow’s personal mobility with the strength of our Group brands. Herbert Diess is the right manager to do that. In realigning the Volkswagen brand, he has demonstrated to impressive effect the speed and rigor with which he can implement radical transformation processes. This accomplishment makes him predestined to fully implement our Strategy 2025 in the decisive years that are now to follow,” Pötsch says. “The Volkswagen Group is a union of strong brands with great potential. Matthias Müller has laid the groundwork for our transformation. My most important task will now be to join with our management team and our Group workforce in consistently pursuing and pushing forward our evolution into a profitable, world-leading provider of sustainable mobility. In a phase of profound upheaval in the automotive industry, it is vital for Volkswagen to pick up speed and make an unmistakable mark in e-mobility, the digitalization of the automobile and transportation as well as new mobility services,” Diess says. At its meeting today, the Supervisory Board also decided on two new appointments to the Group Board of Management. Dr. Oliver Blume, Chairman of the Board of Management at Porsche, will belong to the Group’s top governing body going forward. In addition, Gunnar Kilian, who until now has served as Secretary-General of the Volkswagen Group Works Council, has been appointed the new member of the Group Board of Management for Human Resources. He takes over the post from Dr. Karlheinz Blessing, who served in the role from the beginning of 2016. Dr. Blessing will be leaving the Board of Management by mutual agreement, but remains available to the Company in a consultative capacity for the remaining duration of his employment contract. Pötsch thanked Blessing for his service: “Dr. Blessing has been instrumental in realigning the Group during the past two years. He also contributed with great dedication to the evolution of the VW brand as part of the Volkswagen brand’s Future Pact. Dr. Francisco Javier Garcia Sanz, head of Procurement, leaves the Company at his own request. “During the past two decades, Dr. Garcia Sanz has built up a cutting-edge Procurement department. His leadership of the diesel task force was instrumental in overcoming the diesel crisis. As Chairman of the Supervisory Board of the SEAT brand, he also made a significant contribution to reinforcing the brand,” said Pötsch in gratitude. Ralf Brandstätter, Board of Management member responsible for Procurement for the VW brand, will take on this additional role provisionally. View full article
  16. Yesterday, Volkswagen's supervisory board showed current CEO Matthias Müller the door and announced that Dr. Herbert Diess, the current head of the Volkswagen brand will take his place. This confirms reports earlier this week about a change in leadership. In a statement, Volkswagen said the decision of Müller's departure was “mutual” and will be effective immediately. “Matthias Müller has done outstanding work for the Volkswagen Group. He assumed the chairmanship of the Board of Management in the fall of 2015 when the Company faced the greatest challenge in its history. Not only did he safely navigate Volkswagen through that time; together with his team, he also fundamentally realigned the Group’s strategy, initiated cultural change and, with great personal commitment, made sure that the Volkswagen Group not just stayed on track but is now more robust than ever before. For that, he is due the thanks of the entire Company,” said Hans Dieter Pötsch, chairman of the supervisory board. Diess' rise to CEO is surprising considering he joined Volkswagen from BMW in 2015 - just a few months before the diesel emission scandal came to light. He has made great strides in improving Volkswagen's tendency to spend money like its going out of style. This was important during the aftermath of diesel emission scandal. “The Volkswagen Group is a union of strong brands with great potential. Matthias Müller has laid the groundwork for our transformation. My most important task will now be to join with our management team and our Group workforce in consistently pursuing and pushing forward our evolution into a profitable, world-leading provider of sustainable mobility. In a phase of profound upheaval in the automotive industry, it is vital for Volkswagen to pick up speed and make an unmistakable mark in e-mobility, the digitalization of the automobile and transportation as well as new mobility services,” Diess said in a statement. This wasn't the only change made by Volkswagen's supervisory board yesterday. The company will reorganize their passenger car brands into three groups. Volume: Seat, Skoda, and Volkswagen Premium: Audi Super Premium: Bentley, Bugatti, Lamborghini, and Porsche Volkswagen's truck division will go into their own separate unit. Diess is also planning a review of all the companies under the Volkswagen group umbrella (Ducati motorcycles and Renk, a transmission maker) to see whether it makes sense to keep them. "We've lost a great deal of trust with customers. It will be a long, rough road to gain it back," said Diess. Source: Automotive News (Subscription Required), 2, Reuters, Volkswagen EXTENSIVE REVISION OF VOLKSWAGEN GROUP MANAGEMENT STRUCTURE DECIDED Apr 12, 2018 Board of Management and Supervisory Board pave the way for more efficient Group management Group will be organized into six business areas and the China region Dr. Herbert Diess follows Matthias Müller as Chairman of the Group’s Board of Management Supervisory Board thanks Matthias Müller for outstanding service New head of Human Resources and Organization – Gunnar Kilian to follow Karlheinz Blessing Dr. Garcia Sanz leaves the Company at his own request Porsche CEO Oliver Blume appointed to Group Board of Management WOLFSBURG, April 12, 2018 – The Board of Management and Supervisory Board of Volkswagen Aktiengesellschaft have resolved to extensively revise the Group’s management structure. Volkswagen is thus systematically continuing to transform its business and establishing even more efficient Group management in a phase of highly dynamic change in the Company and the entire automotive industry. In order to sustainably implement the new structure, there will be a number of changes on the Board of Management. Matthias Müller steps down as Chairman of the Board of Management by mutual agreement, effective immediately. At its meeting on Thursday, the Supervisory Board appointed Dr. Herbert Diess as his successor. Chairman of the Supervisory Board Hans Dieter Pötsch expressly thanked Müller for his dedication: “Matthias Müller has done outstanding work for the Volkswagen Group. He assumed the chairmanship of the Board of Management in the fall of 2015 when the Company faced the greatest challenge in its history. Not only did he safely navigate Volkswagen through that time; together with his team, he also fundamentally realigned the Group’s strategy, initiated cultural change and, with great personal commitment, made sure that the Volkswagen Group not just stayed on track but is now more robust than ever before. For that, he is due the thanks of the entire Company.” The introduction of the brand groups Volume, Premium and Super Premium, along with the planned preparation for capital market readiness of Truck & Bus, create the basis for a more subsidiary leadership of the Group. The Chairmen of the Board of Management responsible for the brand groups will be taking on additional Group management roles. Following this reorganization, Herbert Diess will be responsible for Group Development and Research, Rupert Stadler for Group Sales, and Oliver Blume for Group Production. Additional Group functions will be allocated according to the same principle. Due to the special significance of vehicle connectivity, Vehicle IT will be led by Herbert Diess himself; Company IT will be headed by Frank Witter. Procurement and Components are to be combined into one unit going forward. The new structure streamlines Group management, systematically leverages synergies in the individual operating units and speeds up decision-making. “The Volkswagen Group’s goal is and remains to align the Company and its brands with future needs, to safeguard its position among the leaders of the international automotive industry with innovativeness and profitability and to be instrumental in shaping tomorrow’s personal mobility with the strength of our Group brands. Herbert Diess is the right manager to do that. In realigning the Volkswagen brand, he has demonstrated to impressive effect the speed and rigor with which he can implement radical transformation processes. This accomplishment makes him predestined to fully implement our Strategy 2025 in the decisive years that are now to follow,” Pötsch says. “The Volkswagen Group is a union of strong brands with great potential. Matthias Müller has laid the groundwork for our transformation. My most important task will now be to join with our management team and our Group workforce in consistently pursuing and pushing forward our evolution into a profitable, world-leading provider of sustainable mobility. In a phase of profound upheaval in the automotive industry, it is vital for Volkswagen to pick up speed and make an unmistakable mark in e-mobility, the digitalization of the automobile and transportation as well as new mobility services,” Diess says. At its meeting today, the Supervisory Board also decided on two new appointments to the Group Board of Management. Dr. Oliver Blume, Chairman of the Board of Management at Porsche, will belong to the Group’s top governing body going forward. In addition, Gunnar Kilian, who until now has served as Secretary-General of the Volkswagen Group Works Council, has been appointed the new member of the Group Board of Management for Human Resources. He takes over the post from Dr. Karlheinz Blessing, who served in the role from the beginning of 2016. Dr. Blessing will be leaving the Board of Management by mutual agreement, but remains available to the Company in a consultative capacity for the remaining duration of his employment contract. Pötsch thanked Blessing for his service: “Dr. Blessing has been instrumental in realigning the Group during the past two years. He also contributed with great dedication to the evolution of the VW brand as part of the Volkswagen brand’s Future Pact. Dr. Francisco Javier Garcia Sanz, head of Procurement, leaves the Company at his own request. “During the past two decades, Dr. Garcia Sanz has built up a cutting-edge Procurement department. His leadership of the diesel task force was instrumental in overcoming the diesel crisis. As Chairman of the Supervisory Board of the SEAT brand, he also made a significant contribution to reinforcing the brand,” said Pötsch in gratitude. Ralf Brandstätter, Board of Management member responsible for Procurement for the VW brand, will take on this additional role provisionally.
  17. Lincoln only established itself in China back in 2015, but it is proving to be quite successful. Last year, Lincoln sold 54,124 models in the country. But the brand has big ambitions and believes it could sell more models in the world's largest auto market if they started building models there. According to Reuters, Lincoln is planning on building up five new vehicles in China by 2022. Officially, Ford has announced a new crossover for the Chinese market in 2019. But sources tell the news service that the automaker is planning on building the upcoming Aviator in China by late 2019 or early 2020. This will be followed by the successors to the MKC and MKZ, and the Nautilus 2021. Wrapping up Lincoln's China production plans is a small, coupe-like crossover expected in 2022. “Our localization plans to support the China market are on track and will serve to further drive Lincoln’s growth in China. Beyond that, it would be premature to discuss our future product and production plans or timing,” said Lincoln spokeswoman Angie Kozleski when reached for comment. Moving production to China would help Lincoln immensely. Currently, Ford imports Lincoln models from the U.S. to China. This means they get hit with a 25 percent tariff and aren't able to compete with the likes of Cadillac and the Germans. Even if China does reduce the tariff on imported vehicles - something Chinese President Xi Jinping promised earlier this week, it might not make a big enough difference for Lincoln to close the gap. “As long as Lincolns are not manufactured in China, the brand’s sales will no doubt suffer continuously,” said Zhu Kongyuan, Secretary General of the China Auto Dealers Chamber of Commerce. Not helping matters is the war of words between the U.S. and China, and the possibility of a trade war on the horizon. Source: Reuters View full article
  18. Lincoln only established itself in China back in 2015, but it is proving to be quite successful. Last year, Lincoln sold 54,124 models in the country. But the brand has big ambitions and believes it could sell more models in the world's largest auto market if they started building models there. According to Reuters, Lincoln is planning on building up five new vehicles in China by 2022. Officially, Ford has announced a new crossover for the Chinese market in 2019. But sources tell the news service that the automaker is planning on building the upcoming Aviator in China by late 2019 or early 2020. This will be followed by the successors to the MKC and MKZ, and the Nautilus 2021. Wrapping up Lincoln's China production plans is a small, coupe-like crossover expected in 2022. “Our localization plans to support the China market are on track and will serve to further drive Lincoln’s growth in China. Beyond that, it would be premature to discuss our future product and production plans or timing,” said Lincoln spokeswoman Angie Kozleski when reached for comment. Moving production to China would help Lincoln immensely. Currently, Ford imports Lincoln models from the U.S. to China. This means they get hit with a 25 percent tariff and aren't able to compete with the likes of Cadillac and the Germans. Even if China does reduce the tariff on imported vehicles - something Chinese President Xi Jinping promised earlier this week, it might not make a big enough difference for Lincoln to close the gap. “As long as Lincolns are not manufactured in China, the brand’s sales will no doubt suffer continuously,” said Zhu Kongyuan, Secretary General of the China Auto Dealers Chamber of Commerce. Not helping matters is the war of words between the U.S. and China, and the possibility of a trade war on the horizon. Source: Reuters
  19. Lexus offers two powertains for the LS; a twin-turbo V6 producing 415 horsepower and a hybrid system featuring a 3.5L V6 that makes 354 horsepower. But Lexus is considering adding more powertains to their flagship sedan. Toshio Asahi, chief engineer for the LS told Australian outlet GoAuto that all powertrain options including a plug-in hybrid, hydrogen, and electric were “all on the table” for the current model. The most likely reason for this is competitors such as BMW and Mercedes-Benz have plug-in hybrid models of their flagship sedans and are working on new electric models. There is also the elephant in the room known as the Tesla Model S. Hydrogen isn't that much a surprise. Parent company Toyota has been pushing hydrogen for a number of years. But the lack of an extensive hydrogen infrastructure has limited its appeal and caused Toyota to put more focus on electrics. It should be noted that the LF-FC concept shown in 2015 was a hydrogen fuel cell vehicle. On the electric front, Toyota has been working on solid-state batteries that promise more range and quicker charging. Plans are to have batteries go into production beginning in 2022. Asahi also mentioned that engineers are looking into improving the current hybrid powertrain - possibly adding more power. Source: GoAuto View full article
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