DIE AUTO-WOCHE – these were the most important topics | News

BMW also in the second quarter with a significant drop in sales

Due to persistent semiconductor bottlenecks, BMW sold fewer premium cars in the second quarter. In the group, sales for the base brand and Mini fell 19.8 percent to 563,536 vehicles, as announced. Sales for the main brand alone fell 19.6 percent to 496,745 units. In the most important market, i.e. China, the decline was as much as 28.3%, and slightly lower in Europe – 19.4%.

VW wants to attack the battery industry and convert billions

Volkswagen sees enormous revenue potential in the battery industry, which is gaining in importance. By 2030, the division should achieve sales of more than 20 billion euros, the DAX group announced on the occasion of laying the foundation stone for the cell factory in Salzgitter. In addition to cell production, the newly founded company “PowerCo” will be responsible for operations along the entire battery value chain.

VW Diess boss sees great uncertainty when it comes to phasing out internal combustion engines

Volkswagen boss Herbert Diess still sees great uncertainty about the transition to electromobility. “The recall of internal combustion engines is always a social decision, not one of the manufacturers,” Diess told Sddeutsche Zeitung. “It is not clear how India and the US will develop,” continued the VW CEO.

The Volkswagen consortium wants to remove Europcar from the stock exchange

The consortium led by Volkswagen wants to bring the car rental company Europcar from the stock exchange after the takeover. As announced by Green Mobility Holding SA, after the extended approval period expires, the share will amount to 93.62%. share capital. “As a result, Green Mobility Holding applied for a compulsory buyout process at EUR 0.51 per share and to take the company off the stock exchange.”

Mercedes invests EUR 1.3 billion in qualifying

By 2030, Mercedes-Benz intends to invest a total of over EUR 1.3 billion in the qualification, training and further education of employees in Germany. Electrification i digitization will completely change the world of work, the carmaker has announced. With the transformation, all job profiles at Mercedes-Benz would evolve. That is why the company places lifelong learning and employee training at the center of staff development.

Auto1 cooperates with Ford Germany

Online used car dealer Auto1 works with Ford Germany to trade in vehicles. The Berlin-based company is digitizing the replacement process for Ford dealers and service partners. The Auto1 Group thus secures an additional range of vehicles. Ford dealers are expected to offer private customers an estimate of the price of a used car on their website in the future.

Northvolt raises $ 1.1 billion in new capital – VW goes with it

Swedish battery manufacturer Northvolt has raised new money to finance the expansion of battery cell and cathode material production in Europe in the face of rapidly growing demand. Including the recent $ 1.1 billion convertible bond offering, attended by, inter alia, Volkswagen AG, Northvolt AB says it has raised nearly $ 8 billion in equity and debt since 2017.

In June, car registrations in the UK fell by almost a quarter

The UK car market had the worst June in 26 years. As reported by the Association of Car Producers and Entrepreneurs (SMMT), 140,958 vehicles were registered last month, which is 24 percent. less than in June 2021. Regarding the first half of the year, registrations dropped by 12%. SMMT attributed the recent decline mainly to current supply chain problems, exacerbated by coronavirus-related lockdowns in China.

Volvo car sales decline in June due to a blockage in China

Volvo sold 26.9 percent in June. fewer cars than the year before. The reason was the Covid-19 blockage in China, which led to a shortage of components and particularly impacted the production of electric and plug-in hybrid vehicles. According to the information, this should be maintained in the third quarter.

The Chinese auto market revived significantly in June

China’s auto sales surged in June as production resumed at multiple plants following lockdowns to contain the coronavirus pandemic. According to the China Passenger Car Association, sales in June were 1.94 million vehicles, about 23 percent more than in the previous year. The information showed that the government’s financial incentive programs to buy new cars also had a supporting influence.

ANALYSIS / Tesla’s bumpy neighborhood probably not only because of the blockade in China

Tesla’s smooth acceleration over the past two years stopped in the second quarter. head of the company Elon Musk He pointed out that the problems run deeper than the blockades in Shanghai. Most recently, Tesla recorded 254,695 deliveries in the second quarter, up from 310,048 in the first three months of the year. Given the shutdowns of the Shanghai plant due to the pandemic in April and May, this news was not a big surprise. According to Factset, the final figure was slightly below the 264k consensus.

Contact the author: unternehmen.de@dowjones.com

DJG / kla

(END) Dow Jones Newswires

July 8, 2022 10:00 ET (2:00 PM GMT)

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