Volkswagen is trying to leapfrog peers by readying two Chinese EV factories by next year, Reuters reported last month. SHANGHAI- Trial production has started at Volkswagen AG‘s (VW) and SAIC Motor Corp Ltd’s $2.5 billion electric vehicle (EV) factory in Shanghai, VW’s chief executive said on Friday, the latest development in the race to sell… Continue reading Volkswagen’s Shanghai EV plant with SAIC has started trial production -VW CEO
Author: Economic Times of India Online News
Acting UAW head to examine every inch of union in scandal’s wake
Gamble said that on Thursday he would propose a series of “very strict rules” to the UAW’s board for managing members’ dues and enable staff to report wrongdoing. DETROIT – The acting head of the United Auto Workers (UAW) said on Wednesday that he will examine every department of the union in response to a… Continue reading Acting UAW head to examine every inch of union in scandal’s wake
Former Zipcar CEO Scott Griffith joins Ford Autonomous LLC as director of AV product
Griffith will join Ford Autonomous LLC as the director of AV product, marketing and operations. New Delhi: Former Zipcar CEO Scott Griffith will join Ford Autonomous LLC, the American auto major’s self-driving car wing, reveals a media report. Griffith will join Ford Autonomous LLC as the director of AV product, marketing and operations. As the… Continue reading Former Zipcar CEO Scott Griffith joins Ford Autonomous LLC as director of AV product
Audi launches Charge & Fly campaign in Munich to promote electric mobility
The campaign will run until the end of the year and interested drivers can recharge their EVs or hybrid cars while they are away. New Delhi: German luxury car manufacturer Audi has launched an initiative for the electric and plug-in hybrid car owners at Munich Airport, dubbed as Charge & Fly. The campaign will run… Continue reading Audi launches Charge & Fly campaign in Munich to promote electric mobility
Peugeot’s turnaround driver, Tavares, faces his biggest challenge
Tavares has stoked competition among Peugeot and former Opel factories to push workers to cut costs. PARIS – Carlos Tavares, a former Renault star credited with reviving the company’s French rival Peugeot SA , has long shone as a restructurer-in-chief, staring down unions and slicing down bureaucracies. Now the 61-year-old Portuguese car fanatic and weekend… Continue reading Peugeot’s turnaround driver, Tavares, faces his biggest challenge
AutoNation profit beats on higher used vehicle sales
The company has been focusing on expanding offerings such as branded car parts and services, and finance and insurance products to boost profitability. AutoNation Inc reported a better-than-expected quarterly profit on Tuesday, as higher demand for used vehicles helped the largest U.S. auto retail chain offset declines in new vehicle sales. The results come three… Continue reading AutoNation profit beats on higher used vehicle sales
Tata Sons stake in Tata Motors to rise to 43.73% post Rs 6,500 cr preferential issue
Tata Motors group has a net debt of Rs 50,000 crore out of which Tata Motors Ltd alone account for Rs 20,000 crore. New Delhi: Tata Sons, the promoter of major operating companies of the Tata Group, will increase its shareholding in Tata Motors to 43.73 per cent after the proposed Rs 6,500 crore preferential… Continue reading Tata Sons stake in Tata Motors to rise to 43.73% post Rs 6,500 cr preferential issue
VW Finance Chief outlines road map for $222-billion ambition
The seven-point plan includes strengthening individual brands such as VW, Audi and Porsche, growth in China and boosting software operations. Frankfurt: Days before production starts on Volkswagen AG’s cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double the market value and gain investor recognition for the industry’s most ambitious… Continue reading VW Finance Chief outlines road map for $222-billion ambition
VW says it is not scouting alternative locations to Turkey plant
Earlier this month, the German carmaker said it had postponed a decision to build a car plant in Turkey FRANKFURT- Volkswagen is not scouting for alternative locations as it evaluates plans to build a new car factory in Turkey, Andreas Tostmann, VW’s production chief, told journalists in a call on Tuesday. Earlier this month, the… Continue reading VW says it is not scouting alternative locations to Turkey plant
Toyota-Suzuki working on introducing a compact battery electric vehicle in India
In November 2017, Toyota-Suzuki had finalised an agreement to manufacture and sell electric vehicles in India by the turn of the decade. TOKYO: Japanese auto major Toyota Motor Corporation (TMC) is working with compatriot Suzuki Motor Corporation (SMC) to introduce a compact battery electric vehicle (BEVs) in the Indian market at an early stage, said… Continue reading Toyota-Suzuki working on introducing a compact battery electric vehicle in India