Christoph Rauwald

Business, Technology

VW CEO Herbert Diess: ‘Radical Overhaul’ Needed in Technology

Volkswagen AG CEO Herbert Diess Volkswagen AG CEO Herbert Diess by Seth Wenig/Associated Press

Volkswagen AG Chief Executive Officer Herbert Diess told top managers that the world’s largest automaker needs to undergo a “radical overhaul” in the face of industry change or risk being pushed aside.

Christoph Rauwald | Bloomberg News
January 16, 2020
Business, Technology, Safety, Autonomous

BMW, Daimler’s Self-Driving Venture May Attract Fiat Chrysler

BMW, Daimler A Mercedes-Benz V-Class van stands parked during a Daimler autonomous driving and artificial intelligence demonstration. (Michaela Handrek-Rehle/Bloomberg News)

BMW AG and Daimler AG’s self-driving car venture may attract more partners, with Fiat Chrysler Automobiles NV a front-runner to get on board at a time when the German automakers are working to select suppliers by the end of the year.

Christoph Rauwald | Bloomberg News
January 14, 2020
Business, Technology, Logistics

BMW-Daimler Ride-Hailing Venture Steps Up Uber Challenge

Daimler BMW CEO Harald Krger (left) and Daimler CEO Dieter Zetsche. (Krisztian Bocsi/Bloomberg News)

FreeNow, the ride-hailing venture owned by Daimler AG and BMW AG, expects to double revenue this year and next in a fresh challenge to Uber Inc. in Europe and Latin America.

Christoph Rauwald | Bloomberg News
December 16, 2019
Business, Technology

BMW to Cut Staff Bonuses in Electric Car Savings Push

BMW’s new Chief Executive Officer Oliver Zipse BMW CEO Oliver Zipse by Matthias Schrader/Associated Press

BMW AG will reduce bonus payments for employees in Germany as the luxury-car maker grapples with the costly shift to electric and self-driving vehicles.

Christoph Rauwald | Bloomberg News
November 27, 2019
Business, Technology, Fuel, Autonomous

VW Challenges Rivals With $66 Billion Splurge for Electric Era

VW assembly Krisztian Bocsi/Bloomberg News

Volkswagen AG will ramp up spending on electric vehicles and automated driving by 36% as the world’s largest automaker challenges rivals to keep pace with an aggressive shift into the post-combustion era.

Christoph Rauwald | Bloomberg News
November 15, 2019
Business, Technology, Fuel, Autonomous

Daimler’s New CEO Ola Kallenius Warns Shift to Electric Cars Will Be Painful

Daimler Kallenius speaks during the Mobility Conference on day two of the IAA Frankfurt Motor Show in Frankfurt, Germany, earlier this year. (Alex Kraus/Bloomberg News)

Daimler AG’s new CEO warned there will be no quick fix for the automaker’s struggles to adapt to an era of self-driving, electric cars.

Christoph Rauwald | Bloomberg News
November 14, 2019

Continental Posts Loss Amid Company Revamp and Industry Woes

Continental training facility Continental's employee training facility in Clinton, Miss. (Continental)

Continental AG suffered a third-quarter loss triggered by a far-reaching overhaul to revive squeezed margins as it pursues a plan to spin off its powertrain division next year.

Christoph Rauwald | Bloomberg News
November 12, 2019
Business, Technology, Logistics, Autonomous

VW Considers Sharing Autonomous-Car Tech to Defray Development Costs

Workers at a Volkswagen plant Workers on the production line at Volkswagen's plant in Chattanooga, Tenn. (Mark Elias/Bloomberg News)

Volkswagen AG is open to sharing future autonomous-vehicle systems with other manufacturers as it races to catch up with the likes of Waymo LLC in cost-intensive technologies that could transform the way people and goods move, according to an executive at the German automaker.

Christoph Rauwald | Bloomberg News
November 6, 2019
Business, Technology, Autonomous

VW Finance Chief Outlines Road Map for $221 Billion Ambition

Volkswagen ID.3 ID.3 by Volkswagen AG

Days before production starts on Volkswagen AG’s cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double its market value and gain investor recognition for the industry’s most ambitious technology push.

Christoph Rauwald | Bloomberg News
October 28, 2019
Business

Continental to Cut Jobs, Close Factories in 10-Year Overhaul

Continental AG tire warehouse Andrey Rudakov/Bloomberg News

Continental AG mapped out a sweeping restructuring plan set to last a decade that will affect as many as 20,000 jobs worldwide, part of the German manufacturer’s effort to restore profits while enduring sluggish vehicle production in key markets.

Christoph Rauwald | Bloomberg News
September 25, 2019

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