Elisabeth Behrmann

Business, Technology, Autonomous

Daimler’s Luxury Sheen Shows Cracks After Fourth Profit Warning

Daimler Michaela Handrek-Rehle/Bloomberg News

Barely three weeks ago, Daimler AG dialed back profit expectations for the year. The move was seen as a housekeeping exercise to allow CEO Ola Kallenius to start with a clean slate.

Elisabeth Behrmann | Bloomberg News
July 12, 2019
Business, Technology

VW Steps Up Software Push With Own Operating System

VW Alex Kraus/Bloomberg News

Volkswagen AG is stepping up the pace of its digital transformation with a plan to pool some 5,000 digital experts into a single unit that will develop “vw.os,” a uniform software operating system across all new models.

Elisabeth Behrmann | Bloomberg News
June 18, 2019
Business, Technology

VW Creates Buzz Before EV Launch

vw Qilai Shen/Bloomberg News

Volkswagen AG is seeking to create buzz months before deliveries start for its first ID. electric car, following the footsteps of Tesla Inc.’s Elon Musk, whose promotion of the Model 3 generated reservation lines around the block.

Elisabeth Behrmann | Bloomberg News
May 2, 2019
Business, Technology

Volvo Exploring Closer Ties With Shareholder Geely in China

Volvo Volvo CEO, Martin Lundstedt (Krisztian Bocsi/Bloomberg News)

Volvo AB is exploring closer ties with Zhejiang Geely Holding Group Co. in China, in a sign the Swedish truckmaker and its largest investor are taking steps to collaborate.

Elisabeth Behrmann | Bloomberg News
April 9, 2019
Business, Technology, Autonomous

VW Joins BMW in Testing Self-Driving Cars on German City Streets

vw Krisztian Bocsi/Bloomberg News

Volkswagen AG has started testing five electric and highly-automated versions of its Golf compact cars on the streets of Hamburg, Germany.

Elisabeth Behrmann | Bloomberg News
April 3, 2019
Business, Technology, Autonomous

VW Pulls Truck Unit IPO in Setback to CEO’s Agility Revamp

vw A VW Heavy-duty truck on display at the IAA conference in 2018. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG canceled plans for a partial share sale in its Traton SE division, citing weak markets, a setback to the automaker’s plan to generate fresh funds for the heavy-truck unit’s expansion outside of Europe.

Elisabeth Behrmann | Bloomberg News
March 13, 2019
Business, Technology, Logistics

Ford’s Global Cost Purge Hits Europe With Thousands of Job Cuts

Ford Trucks Daniel Acker/Bloomberg News

Ford Motor Co. said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years.

Elisabeth Behrmann | Bloomberg News
January 10, 2019
Government, Business

VW, Daimler and BMW Brace for Tariffs

Automobile assembly Krisztian Bocsi/Bloomberg News

Investors in European carmakers are once again facing months of share volatility after the U.S. circulated a draft report on tariffs and European Commission President Jean-Claude Juncker signaled a cease-fire in the looming trade war may soon come to an end.

Elisabeth Behrmann | Bloomberg News
November 13, 2018
Government, Business, Equipment

Global Auto Sector Likely to Feel Effects of Tariffs

Daniel Acker/Bloomberg News

Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings, take advantage of cheaper labor and manufacture cars closer to buyers.

Elisabeth Behrmann | Bloomberg News
June 22, 2018
Business, Technology, Fuel

German Electric Carmakers Pose Threat to Tesla

Jaguar Land Rover I-Pace Jaguar Land Rover I-Pace by SeongJoon Cho/Bloomberg News

Major German carmakers are rolling out stylish, sporty electric vehicles in the mold of Tesla's Models S, X and 3. Unlike Tesla, they have roughly a century of experience launching models every few months and can spread development costs across a broad portfolio.

Elisabeth Behrmann | Bloomberg News
May 2, 2018