Volkswagen veteran Oliver Blume, who will succeed Herbert Diess as VW Group on Sept. 1, has worked at the multibrand automaker for his whole career. Born in Braunschweig, Germany, near VW’s Wolfsburg headquarters, Blume, 54, joined Audi’s international trainee program in 1994 after studying mechanical engineering at university. He specialized in production planning and earned
Month: July 2022
1:17 AM ET Associated Press SONOMA, Calif. — Leah Pruett led Top Fuel qualifying Friday night in the Denso NHRA Sonoma Nationals at Sonoma Raceway. Coming off a victory last week in Colorado, Pruett had a 3.689-second run at 327.59 mph in her Tony Stewart Racing dragster during the lone qualifying session of the day.
A woman has been arrested in Georgia for leaving a trail of devastation with her Inifniti SUV while trying to avoid arrest. Police were initially alerted to the woman’s reckless driving by a member of the public who claimed her Infiniti QX56 was veering into the opposing lane on the approach to Byron, almost hitting
Volkswagen AG CEO Herbert Diess is stepping down as of Sept. 1, and Porsche CEO Oliver Blume will assume the role, the company announced in a press release on Friday. Diess will also leave his role as VW AG’s Chairman of the Group Board of Management. Blume will remain CEO of Porsche and also take
Cardboard boxes are delivering more than parts to Yanfeng Automotive Interiors’ North American plants — they’re also delivering millions in production savings. Humble cardboard cartons, among the lowliest commodities in the long auto manufacturing supply chain, have gotten an innovative new design from a third-party supplier that allows Yanfeng to reuse them repeatedly back and
FREMONT, Calif. — Amazon-owned self-driving tech developer Zoox is getting ready to join a field of companies carrying passengers in autonomous vehicles. While the company isn’t saying when it will begin commercial operations — “soon,” says a co-founder — it may be the first to design and deploy a bespoke robotaxi for operations on U.S.
In this article VOW’-IT Herbert Diess, CEO of Volkswagen Sean Gallup | Getty Volkswagen CEO Herbert Diess will leave the company at the end of August, the company said Friday. Oliver Blume, currently the CEO of Volkswagen subsidiary Porsche, will succeed Diess as of Sept. 1. The automaker didn’t provide a reason for Diess’ departure.
Following reports out of China earlier this month, battery behemoth CATL has confirmed the production of its M3P batteries that will deliver next year. Although the chemistry may be similar, CATL has said the M3P batteries vary from Lithium Manganese Iron Phosphate (LMFP) cells. Contemporary Amperex Technology Co Ltd., aka CATL, is a global energy
FRANKFURT — Volkswagen Group CEO Herbert Diess is stepping down and will be succeeded by Porsche boss Oliver Blume. Diess is resigning “by mutual agreement,” VW said on Friday. Blume will continue his role as the head of the Porsche brand, flanked by VW’s current Chief Financial Officer Arno Antlitz, who will assume the position
5:51 PM ET Associated Press NEWTON, Iowa — IndyCar champion Alex Palou insisted Friday he wasn’t lying last month when he told The Associated Press he was happy driving for Chip Ganassi Racing, wasn’t talking to any other teams, and was set to return to the No. 10 next season. Well, something dramatically changed in
What kind of vehicle is the 2023 Chevrolet Malibu? What does it compare to? The 2023 Chevrolet Malibu is the last Detroit-badged mid-size sedan. Shop it against the Toyota Camry and Honda Accord as well as the Subaru Legacy and Kia K5. Is the 2023 Chevrolet Malibu a good car? Review continues below It’s good
Dramatic footage has captured the moment when a white Dodge Challenger SRT Hellcat crashed heavily on the new Sixth Street Viaduct bridge in Los Angeles. Vision shows the driver of the Dodge performing a smoky burnout in the center of the bridge, despite the fact that there were lots of other cars on the other
With a supercharged V8 nabbed from the Mustang GT500, the “R” is a worthy competitor to super trucks like the RAM TRX. Technical Director Frank Markus gets a first look. Read more about the 2023 Ford Raptor R right here. ➡️ https://bit.ly/3Ol4DRo MotorTrend is the ultimate streaming destination for gearheads coupled with the latest automotive
Automotive mirror supplier Gentex Corp. said Friday that ongoing component shortages and reduced light-vehicle production led to lower second-quarter profits, but also touted a sales increase compared with 2021. The Zeeland, Mich., company, which primarily produces automatic-dimming rearview mirror and camera-based driver-assistance systems, said net income decreased 16.3 percent to $72.4 million. Gentex’s earnings are
Automakers are forming contingency plans for potential work stoppages at West Coast ports even as talks continue between the Pacific Maritime Association and the International Longshore and Warehouse Union to replace an expired labor contract. The ports, especially those in Long Beach and Los Angeles, are crucial shipping hubs for the U.S. auto industry. The
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. Mixed earnings signals on consumer strength 2. Social media stocks get slammed 3. Get ready for the most important week of earnings season 1. Mixed earnings signals on consumer
Little by little, people are starting to realize that no, you don’t need a V8-powered, 7-seater SUV for your daily errands run and to get you around the city. Scooters and bicycles, and more recently, electric bicycles, have proven to be worthy replacements for these around-town trips while offering you a few benefits alongside the
MARRAKECH — Morocco is negotiating with electric-vehicle battery manufacturers to set up a plant in the country to mesh with its existing automotive sector and cobalt output, Industry Minister Ryad Mezzour said. “We hope to sign a deal for the plant before the end of this year,” the minister said in an interview with Reuters,
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