Germany’s biggest network operators file lawsuit against Federal Network Agency over 5G auction

Germany’s biggest network operators, including Deutsche Telekom, Telefonica Deutschland and Vodafone have sued the market regulator for placing new preconditions in the country’s 5G auctions which are to take place in early 2019. As per a report by German newspaper Die Welt, Deutsche Telekom has filed a lawsuit against Federal Network Agency for setting preconditions…

SAP to expand margins after closure of Qualtrics deal

SAP’s CFO, Luka Mucic stated, the German business software firm will be able to scale up growth and profitability at Qualtrics. On Friday, SAP’s Chief Financial Officer, Luka Mucic stated, the German business software company expects its margins to continue to expand despite its $8 billion acquisition of U.S. online consumer sentiment tracking company Qualtrics.…

Volkswagen will not cover the full cost of hardware retrofit

VW stated it will cover hardware retrofits for older diesel cars if its accepted by the owners. On Tuesday, contradicting a deal announced by the German coalition parties, Volkswagen stated it is not prepared to cover the entire cost of hardware retrofits for older diesel vehicles in Germany. “If hardware retrofits are accepted by customers,…

Renault offers trade-in for its German clients

Owners of Renault’s disel vehicles which meet the Euro-5 or older emission standards are eligible to receive credits for trade-in for newer, and cleaner models. On Tuesday, France’s Renault has become the first foreign company to play a positive role in Germany’s anti-pollution efforts. Renault stated, it has begun offering German-owners of its older diesel…

VW to hardware retrofit select older diesel cars in Germany

Facing pressure from environmental groups and the government, Volkswagen has agreed to hardware retrofit select models of older diesel vehicles as well as offer incentives to swap selected older models of diesel vehicles for newer ones, in the country. As per a source familiar with the matter at hand, Volkswagen will support hardware retrofits for…

China’s Didi Chuxing signs strategic cooperation agreement with German automotive supplier Continental AG

The collaboration is aimed at building next-gen purpose-built electric-vehicles for Didi’s services. On Tuesday, China’s Didi Chuxing, a ride-sharing company, disclosed it has signed an agreement with German automotive supplier Continental AG to co-develop connected vehicles and design purpose-built electric vehicles (EVs) for Didi’s services. “Based on DiDi’s practical experience on mobility as well as…

Utility-scale batteries set to be a multi-billion dollars market by 2022

The nenewable energy market in the Asia Pacific region is to boom with utility-scale batteries replacing expensive power grids. In a strategic move, Japan’s JERA, is set to collaborate with a U.S.-German joint venture along with an Australian firm in order to develop battery projects in the Asia-Pacific region. The move targets a market expected…

Chinese electric vehicle market to grow by 40% in 2018

Germany’s Infineon Technologies AG and China’s SAIC Motor Corp are to collaborate on making power modules for this booming electric vehicle market. On Friday, German chipmaker Infineon Technologies AG and China’s SAIC Motor Corp, a carmaker, agreed to set up a joint venture, SAIC Infineon Automotive Power Modules, to make power modules for the Chinese…