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Audi To Lay off 9,500 Staff As Part Of Strategic Plans
Wednesday, November 27, 2019 - 6:47am | 351Volkswagen AG (OTC: VLKAF) subsidiary Audi AG has reached an agreement with its work council to lay off up to 9,500 employees by 2025, the company announced on Tuesday. 'Demographic Curve' The cuts will mostly happen “along the demographic curve” – through...
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Tesla EVs Still In The Lead After Audi Launch, UBS Says
Tuesday, September 18, 2018 - 10:52am | 374Another Tesla Inc (NASDAQ: TSLA) challenger hit the road Monday in the form of Audi’s e-tron SUV. But the competition, often seen as a threat to the beleaguered automaker, only served to demonstrate Tesla’s strength, according to UBS. The Rating A sizeable team of UBS analysts...
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Big 5 German Automakers Implicated In Price-Fixing Scandal; VW Exec Plans To Cop Plea In Emissions Probe
Wednesday, July 26, 2017 - 9:32am | 366The European Union and German antitrust regulators are investigating whether the five major German automakers colluded to fix the price of diesel emissions treatment systems, according to published reports. The claims against Volkswagen, Daimler, Audi, BMW and Porsche were first reported Friday in...
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Like A Caveman Ogling An iPhone, Harley Eyeing Purchase Of Ducati
Thursday, June 22, 2017 - 12:42pm | 447In what many motorcycle enthusiasts would consider a marriage made in hell, Harley-Davidson Inc (NYSE: HOG) is considering buying Italian motorcycle manufacturer Ducati, the epitome of elegant engineering and sophisticated styling. Harley, which makes loud and comparatively brutish motorcycles, is...
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Some Early Fallout As EU Officials Demand Changes To Social Titans' Codes Of Conduct
Monday, March 20, 2017 - 2:21pm | 681A few months ago, they were given warning. Now, social media sites have been given an ultimatum — change their terms of service, or pay a fine. The European Commission had pressured Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Facebook Inc (NASDAQ: FB) and Twitter Inc (NASDAQ: TWTR) in a...
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Investors Buying Mobileye Shares Following Goldman's Upgrade To Buy
Thursday, January 19, 2017 - 12:11pm | 344Mobileye NV (NYSE: MBLY) has seen a decline in its two-year forward P/E from c.60x to 25x, despite expectations of the company’s EPS growing at a Compound Annual Growth Rate of 40 percent during 2016–2021. Goldman Sachs’ Alexander Duval upgraded the rating on the company from...
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New Audis Will Be Able To Talk To Traffic Lights
Tuesday, August 16, 2016 - 9:34am | 399Volkswagen AG (ADR) (OTC: VLKAY)-owned Audi of America, in conjunction with Traffic Technology Services (TTS), will be launching a new technology that will allow its vehicles in the United States to communicate with traffic signals and inform the driver when traffic lights turn from red to green....
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Tesla's Latest VP Hire Is An Ex-Audi Executive
Monday, May 16, 2016 - 7:41am | 167Tesla Motors Inc (NASDAQ: TSLA) just snatched an Audi executive to join its senior management team. According to The Verge, Tesla has hired Peter Hochholdinger as vice president of vehicle production. He will be directly responsible for overseeing production of the Model S sedan, Model X SUV...
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How To Try Tesla's Autopilot Before Buying It
Wednesday, April 20, 2016 - 2:12pm | 364If you already own a Tesla Motors Inc (NASDAQ: TSLA) Model X or Model S but don’t want to shell out $3,000 to add the popular Autopilot feature, Tesla has some good news. If you’re curious about what you’re missing, the company is currently offering a free 30-day trial for...
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Detroit News Auto Critic: Tesla Model 3 Is 'The Auto Story Of The 21st Century'
Wednesday, April 6, 2016 - 12:31pm | 558"The Model 3 may not be the Model T. But it's the auto story of the 21st century. And its mad genius creator will be tweeting every step of the way." –Henry Payne, The Detroit News In an article from the Detriot News, auto critic Henry Payne paralleled this century's...
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What Secrets Are Behind Tesla's Model 3? Bloomberg Takes Some Guesses
Tuesday, March 29, 2016 - 2:07pm | 591Tesla Motors Inc (NASDAQ: TSLA) is expected to unveil its much-awaited Model 3 on March 31. Elon Musk will reveal only the prototype of Model 3, which won't officially go on sale until late 2017. Following are some of the guesses Bloomberg has made about the Model 3. What Can We Expect? Size: The...
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Audi Exec: Tesla 'Did Everything Right'
Tuesday, March 29, 2016 - 12:17pm | 280Stefan Niemand, director of battery electric vehicles at Audi, praised electric car maker Tesla Motors Inc (NASDAQ: TSLA) for developing a supercharger network across the US in a short time. "I hate to admit it, but Tesla did everything right," Niemand said at the recent annual...
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Volkswagen Denies New EPA Allegations Regarding Porsche & Audi Motors That Cheat Emissions Tests
Monday, November 2, 2015 - 5:39pm | 284Scandal continues to hurt Volkswagen AG (ADR) (OTC: VLKAY) as the U.S. Environmental Protection Agency announced on Monday that it is looking at more vehicles that could have cheated air pollution tests. Porsche and Audi cars are involved in this round. The EPA declared that the...
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A Different Way To Bet Against Volkswagen
Wednesday, September 30, 2015 - 1:31pm | 403Volkswagen AG (ADR) (OTC: VLKAY) faces a number of risks that are hard to quantify at this time. For one, VW Financial Services’ balance sheet could take a massive hit. Bank of America has initiated Underweight ratings on Volkswagen’s corporate bonds. Analyst Teo Lasarte still...
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8 Things Everyone Wants To Know About The Volkswagen Scandal
Wednesday, September 23, 2015 - 1:04pm | 579Though it is bouncing Wednesday, Volkswagen AG (ADR) (OTC: VLKAY) is down nearly 30 percent since news of an emissions scandal broke this week. Bernstein's Max Warburton answered the eight most common questions, noting that only the most "brave investors" who desire auto sector exposure should...