Takata Corp. handled their air bag crisis is the very reason why they lost one of their biggest investors, Sawakami Asset Management. He was one of the automotive supplier, 12th largest shareholder, but the firm lost faith in Takata after the management refused to explain what was happening during the crisis. “We could not help feeling the management is not trustworthy,” fund manager Takahiro Kusakari said in an interview from his office in Tokyo. “We felt Takata had a ‘we are needed and our products are needed, so the business will come back and the situation won&...
At the climate negotiations in Paris, Madame Ségolène Royal, the French Minister of Ecology, who keeps the sustainable Development and Energy, explained that she wanted to “create an electric car for the people”. She imagines that the car can be small, light, fast-charging, and with an appearance that “may not look like traditional electric cars”.She also pointed out that the €7000 price tag — which is roughly $10,438 — should be an upper limit, and suggested that the price should be lower than $7300. That's an extraordinary low price ...
Volkswagen Group management reduces the range of possible car model versions and their sets to make up the losses from the emission scandal. This way the German manufacturer hopes to save 1.9 billion euros.The top manager of Volkswagen, Bernd Osterloh, said that this decision, reduce labor costs and complexity, was taken for a long time. Osterloh said reducing the variety of car models and options could enable Volkswagen to "take out costs there on a large scale" without forcing the company to cut jobs, Bloomberg reported. VW has one major U.S. factory, located in Chattanooga, Tenn.V...
The Electric Vehicle Charging Association has released “The State of the Charge,” a report documenting the charging industry’s rapid growth in California and the economic opportunity it presents.According to the report, there are now more than 9,000 workplace charging outlets in California and in its residences – more than 20,000. The number of public charging outlets in California has grown by 652% since 2011. With 150,000 EVs on its highways, the report adds, California has 40% of the U.S. electric car market, and the industry is expected to generate roughly $4.5 bill...
The German manufacturer hopes to get from banks 20 billion euros. Volkswagen talks with several banks for a bridge loan in amount of 20 billion euros. The funds will be used to create so-called "financial cushion". As explained the insiders, Volkswagen has no problem with finances. However, with the help of a bridge loan the company wants to solve two problems. Firstly, to have new equipment thet can be used as a reserve. Secondly, to improve the image - to show that Volkswagen has the ability to pay, despite of the scandal with diesel engines.According to anonymous sources...
