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Audi will slash 9,500 jobs to save $6.6 billion by 2029

Tue, 11/26/2019 - 13:50

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Audi on Tuesday announced a major restructuring scheme, slashing around 9,500 jobs until 2025 in an effort to adopt production to the e-mobility era and achieve billion-euro cost savings. "The resulting savings of around 6 billion euros will secure the strategic operating profit margin corridor of 9 to 11% and will be invested in projects of the future such as electrification and digitalisation," the company said in a statement. Audi said that the cost savings would be achieved by 2029.

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Audi will slash 9,500 jobs to save $6.6 billion by 2029 originally appeared on Autoblog on Tue, 26 Nov 2019 08:50:00 EST. Please see our terms for use of feeds.

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Categories: Cars

Eight electric pickup truck manufacturers to load up U.S. market by 2021

Tue, 11/26/2019 - 00:19

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Tesla CEO Elon Musk and his spacy Cybertruck have ignited a frenzy over electric pickups, and at least seven other U.S. automakers expect to build new battery-powered trucks by 2021. Companies ranging from General Motors Co to startup Lordstown Motors Corp have said they plan to introduce electric pickups over the next two years, and are scheduled to build up to 250,000 a year by 2024, according to industry analysts. If demand falls that far short of production targets, "there are going to be

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Eight electric pickup truck manufacturers to load up U.S. market by 2021 originally appeared on Autoblog on Mon, 25 Nov 2019 19:19:00 EST. Please see our terms for use of feeds.

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Categories: Cars

Uber loses license in London over safety, vows to appeal

Mon, 11/25/2019 - 23:04

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London’s transit authority on Monday refused to renew Uber’s license to operate, with the ride-hailing company vowing to appeal the decision as it struggles to secure its future in the British capital. It’s the latest chapter in Uber’s rocky history with London transport officials, who have subjected the San Francisco-based tech company to ever tighter scrutiny over concerns about passenger safety and security. Transport for London cited “several breaches that placed passengers and their safety

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Uber loses license in London over safety, vows to appeal originally appeared on Autoblog on Mon, 25 Nov 2019 18:04:00 EST. Please see our terms for use of feeds.

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Categories: Cars

Micro Machines are coming back in 2020!

Mon, 11/25/2019 - 20:42
Categories: Cars

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