Audi was the first premium brand to develop an extended-wheelbase car with a larger back seat for the Chinese Market, the A6l. Both it and an A4l are produced in Northern China with FAW.
Volkswagen Group of America is recalling 5,471 2019-2020 Audi A6 vehicles equipped with mild-hybrid technology and 2.0TFSI engines. Moisture may enter the starter generator – the inverter inside the belt starter generator is coated with a plastic molding – and cause an electrical short circuit leading to smoldering and a fire.
A fire in a railway container in China last December with 2 new Audi vehicles started a chain of events that lead to this global recall. Audi investigations with Valeo the supplier on the root cause, possible contributing factors and affected production period ensued.
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RumbleOn Posts 2019 Loss. Cancels Guidance
Click to Enlarge. Losses are below.
RumbleOn, Inc. (NASDAQ:RMBL), an e-commerce company, today announced operating results for the year ending 31 December 2019. The Company also provided a business update in response to the impact of the COVID-19 pandemic. Furthermore, given the uncertainty resulting from the COVID-19 pandemic, RumbleOn is withdrawing its prior 2020 financial guidance. It’s currently trading at $0.26 a share down from a 52-week high of $5.69. At 26 cents it’s overvalued in AutoInformed’s view.
Theories in business and science are often elegant, but they are subject to correction or questioning by data. The e-commerce RumbleOn touts using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles. As such, it’s one of a growing number of companies that are catching analysts’ enthusiasm because they are “disruptive” to the ruling business order. Well, so is COVID-19, which is ideologically atheistic about class, party, economic theories and Wall Street. Continue reading →