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Top related persons:
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Search resuls for: "Zellmer"


3 mentions found


☆ 'We are ready to engage': Europe's biggest carmakers brace for China's EV challenge
  + stars: | 2023-09-04 | by ( Elliot Smith | ) www.cnbc.com   time to read: +5 min
BMW CEO Oliver Zipse speaks during the presentation of the new BMW "New Class" during an event ahead of the IAA motor show in Munich. Europe's dominant position in the automotive sector was established over many decades through its capacity to build superior combustion engines. The German behemoth has already created automotive software company CARIAD, as well as partnering with Chinese EV startup Xpeng, joint venture partner SAIC and autonomous driving company Horizon Robotics. watch nowHe added that Volkswagen has established "huge cost initiatives" and sees big opportunities to scale up its EV production while reducing battery production costs by 50%. Our electricity costs compared to China or North America are too high," Skoda CEO Klaus Zellmer told CNBC on Monday.
Persons: Oliver Zipse, Christophe Périllat, Luca De Meo, Ampere, De Meo, CNBC's Annette Weisbach, Oliver Blume, " Blume, Blume, Klaus Zellmer, Joe Biden's, BEV, Zellmer Organizations: BMW, IAA, Getty, CNBC, Volkswagen, Renault, IAA Mobility, SAIC, Horizon Robotics, Volkswagen Group, CRU Group, Skoda Locations: Munich, China, Europe, North America, U.S, Canada, Spain, Germany
☆ Volkswagen's Skoda considers withdrawing from China, Automobilwoche reports
  + stars: | 2022-12-11 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Dec 11 (Reuters) - Czech carmaker Skoda Auto, part of Volkswagen (VOWG_p.DE), is considering withdrawing from China and will make a final decision next year, CEO Klaus Zellmer was quoted as saying by the weekly magazine Automobilwoche. "The competition is very intense there, so we will consider, together with our Chinese joint venture partner, how we want to proceed," Zelmer was quoted as saying. "If we want to focus our energy, it's worth checking all scenarios and then deciding." The chief executive said the company could consider simply selling cars in China rather than also producing them there. Reporting by Sarah Marsh; Additional Reporting by Jan Schwartz; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
☆ Skoda focused on profitability over volumes, CEO tells E15
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +1 min
PRAGUE, Nov 7 (Reuters) - Czech carmaker Skoda Auto, part of the Volkswagen group (VOWG_p.DE), is still aiming for sales of at least 1 million cars a year but is targeting profitability over higher volumes, its CEO was quoted as saying on Monday. "Before it was speculated about whether Skoda should aim for 1.5 or 2 million cars sold a year. Our goal is and will be passing the 1 million mark, but in the current situation profitability is much more important than the volume itself," Skoda Chief Executive Klaus Zellmer told daily E15 in an interview, part of which was published on Monday. Like other carmakers, Skoda is working through a large backlog of orders that is keeping production at capacity. Reporting by Jason Hovet Editing by David Goodman and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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