Volkswagen AG’s Traton truck division plans to spend more than 2 billion euros ($2.2 billion) over the next five years on electric vehicles and digital offerings in a bid to keep pace with the industry’s “radical” transformation.
Author: World_Newz Mon
Ford patents convertible pickup roof
The automaker recently filed a patent for a removable roof designed to work with pickups, Ford Authority reported.The patent depicts an easily installable structure with self-articulating brackets and two clamps that secure it to the windshield header.As with many patents, however, Ford’s removable pickup roof may just be a pie in the sky idea as there is no confirmation that it plans to put it into production.
Nissan to maintain Korean operations despite headwinds
Nissan Motor said Monday it will continue its operations in South Korea amid trade tensions between the two Asian neighbors, despite headwinds like a boycott of Japanese products.The Japanese carmaker’s commitment to South Korea follows market rumors that it will pull out of the market here as its sales have been hit hard by the escalating trade tensions between Seoul and Tokyo.In the January-August period, Nissan Korea sold 3,581 vehicles under the Nissan and Infiniti brands, down 27 percent from the 4,886 units it sold in the same period a year earlier. More sourcesNissan to maintain S. Korean operations despite headwinds (Yonhap News Agency: Sep 29, 2019 at 5:54 PM)
Waymo Valuation Slashed on Autonomous Vehicle Tech Delays
Morgan Stanley slashed its estimate of how much Alphabet Inc.’s Waymo driverless car business is worth, saying the technology is taking longer to develop than previously expected.
Car industry to get £1bn boost as electric drive shifts gear
…Business secretary Andrea Leadsom has announced plans to invest “up to £1bn” in the car industry, to accelerate the shift towards electric vehicles and reduce carbon emissions, but warned the sector…
Tesla Surges on Musk Seeing Shot at 100,000-Delivery Quarter
Tesla Inc. shares climbed the most since June after Elon Musk said in an email to employees that the carmaker has a chance to top the vehicle-delivery record it set in the second quarter.
Renault Samsung to produce ultracompact Twizy EV from October
Renault Samsung Motors Corp., the South Korean unit of French carmaker Renault S.A., said Thursday the Twizy ultracompact electric vehicle (EV) will be locally produced starting next month.The two-seat EV will be assembled by local auto parts maker Dongshin Motech Co..Renault Samsung plans to roll out 5,000 Twizys a year, but the capacity could expand to 15,000 units depending on market demand.
Fox Automotive to produce MIA EV reboot in Hungary
Fox Automotive Switzerland and Phoenix Gold Resources have announced plans to launch production in Hungary of the MIA EV 2.0, a new version of a compact all-electric vehicle initially made by a French company that went bust in 2014.Fox and Phoenix announced the establishment of a Hungarian subsidiary, called Fox Automotive Hungary, headed by Ekkehard Philipp, the former CFO of German car maker Daimlerʼs manufacturing business in Hungary.Fox has a full-fledged assembly line.
Chinese EV Maker Backed by Buffett Explores IPO of Electronic-Component Unit
BYD Co., the Chinese electric-carmaker backed by Warren Buffett, is considering an initial public offering for a unit that makes a power-management device that’s produced by just a handful of companies globally, said people familiar with the plan.
Renault Kwid facelift to be launched in four variants
The second half of 2019 has been quite busy for Renault.A host of interior changes can be expected the Renault Kwid facelift.Earlier in February, Renault had updated the entire Kwid range with standard safety features like ABS with EBD, driver airbag, driver and co-driver seat belt reminder and speed alert system.