Total SA won a contract to install and operate as many as 20,000 new public charging points for electric vehicles in the Netherlands as the country presses ahead with policies to fight global warming and pollution.
Author: World_Newz Mon
Debt-laden Evergrande raises more debt
…percentage point from the same period a year ago. Evergrande is under pressure from its debt overhang amid a cooling market and heavy investments in electric cars . At the end of June 2019, the company…
BMW has record year in Hungary
The BMW Group closed 2019 with record sales in Hungary, up 18% from the previous year, selling a total of 3,714 BMWs, and 59% more Mini models, said András Salgó, corporate communications director, at a press conference, writes origo.hu.It is ranked third in the all-electric cars marketed in Hungary, after the Nissan Leaf and Volkswagen e-Golf.In 2019, a total of 1,706 fully electric cars were sold on the Hungarian market.
Magyar Suzuki to make only hybrid models for EU markets
Japanese car market Suzuki will produce only cars fitted with hybrid engines from this year for EU markets at its plant in Esztergom (39 km northwest of Budapest), the company told Hungarian news agency MTI on Monday.It had revenue of EUR 1.95 billion in 2018, including domestic revenue of EUR 280.4 million.
Billionaire Stroll Becomes Frontrunner for Aston Martin Stake
Canadian billionaire Lawrence Stroll is emerging as the frontrunner to buy a stake in luxury-car maker Aston Martin Lagonda Global Holdings Plc as interest from a rival Chinese investor wanes, people with knowledge of the matter said.
VW CEO Calls for ‘Radical Overhaul’ to Master Technology Shift
Volkswagen AG Chief Executive Officer Herbert Diess told top managers that the world’s largest automaker needs to undergo a “radical overhaul” in the face of industry change or risk being pushed aside.
Audi produces nearly 2 mln engines at Győr plant in 2019
German carmaker Audi turned out almost 2 million engines and more than 160,000 vehicles at its base in Győr (NW Hungary) last year, Audi Hungaria said on Wednesday, Hungarian news agency MTI reports.Robots at the Audi plant.Audi Hungaria made 1,968,742 engines at the plant, 14,441 more than in 2018.
W Motors opens UAE’s first supercar manufacturing facility in Dubai
The only supercar producer in the Middle East will open a manufacturing facility in Dubai this year.W Motors, a car company headquartered in Dubai, will move production to the emirate from its facility in Italy.Other supercar models produced by the company include the 3.8-litre, twin-turbo engine, 800hp Fenyr SuperSport.
GM engineers charged with street racing Corvette test cars at more than 100 mph
He newest Chevy Corvette can apparently do at least 120 mph, but it’s a bad idea to test that out in a 45 mph zone.Kentucky State Police arrested Alexander Thim and Mark Derkatz on Wednesday night after a trooper spotted them driving at high speeds in two 2020 Corvette Stingrays.Thim was driving a red Corvette that reached a speed of 120 mph.
PSA plans to export Opel cars from Russia over time – interview
/Update/
MOSCOW, January 13. /TASS/. Groupe PSA intends to export Opel cars from Russia overtime and the industrial strategy contains relevant plans of the Group, Vice President of Groupe PSA, Managing Director of Peugeot, Citroen and Opel in Russia, Alexei Volodin told TASS in an interview.
“Our team definitely sets export plans in development of the corporate industrial strategy because it is impossible without export plans to have the payback on investments required for successful manufacturing and sales in Russia. Therefore, we are certainly building up our strategy in reliance upon exports in particular,” the top manager said.
PSA has plans to localize production in Russia but they will be currently subject to revision in order to cater for the new concept of differentiating production subsidies for the scrap fee approved by the Russian government, Volodin said.
“Considering the new regulatory requirements to localization, it is difficult for me to state [production localization p..