Bertrandt: Soft Quarter in Q1 FY20

Bertrandt: Soft Quarter in Q1 FY20

Bertrandt had a soft quarter in Q1 FY20 (corresponding to calendar Q4 2019): revenues were flat (+0.4%) to EUR 263m, impacted by project delays, and reduced utilization rates in its Digital Engineering (DE) unit (-3.0%). DE, Bertrandt’s largest unit (55% of revenues), suffered from Germany OEMs shifting their R&D spending to digital.

Volkswagen and Ford to work together on commercial vehicles

Volkswagen and Ford to work together on commercial vehicles

As expected, Volkswagen and Ford have provided some detail on their long-awaited partnership. Ford will design and build mid-sized pickups for Volkswagen, with the first vehicles ready in 2022. It will also build large commercial vans, while Volkswagen will develop a city van. In addition, the two firms intend to work together on mobility services, EVs and autonomous vehicles.

HCL Tech Makes an Acquisition in the German Automotive Industry

HCL Tech Makes an Acquisition in the German Automotive Industry

The star of ER&D services, HCL Tech, has acquired Hönigsberg & Düvel Datentechnik GmbH  (H&D), a German IT services and ER&D vendor servicing mostly the automotive sector. H&D provides IT infrastructure services, application and embedded software services, and manufacturing

Read More