By Reuters Staff 3 Min Read FRANKFURT (Reuters) – Volkswagen VOWG_p.DE needs to change to stay relevant in the electric and digital vehicle era and will announce “important steps” to that end before the close of the year, Chief Executive Herbert Diess said on Wednesday. FILE PHOTO: Volkswagen Group Chief Executive Officer Herbert Diess gestures… Continue reading Volkswagen CEO says will announce important strategic steps this year
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Emissions crunch drives Volkswagen to overhaul its supercar strategy
WOLFSBURG, Germany (Reuters) – Volkswagen VOWG_p.DE is reviewing the future of its high-performance brands Lamborghini, Bugatti and Ducati as part of broader quest for more economies of scale as it shifts to mass producing electric cars, senior executives told Reuters. FILE PHOTO: A Bugatti Chiron sports car is driven on a road near Molsheim, France… Continue reading Emissions crunch drives Volkswagen to overhaul its supercar strategy
GM ‘continuing discussions’ with Nikola on alliance deal
By Ben Klayman 3 Min Read DETROIT (Reuters) – General Motors Co and Nikola Corp have not finalized their deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers, one day ahead of the date targeted, and are continuing discussions, GM said on Tuesday. U.S. Nikola’s logo is pictured at an event held… Continue reading GM ‘continuing discussions’ with Nikola on alliance deal
Chinese FAW Group’s talks to acquire Iveco held this year now on hold: sources
FILE PHOTO: The logo of China FAW Group Corp is pictured at the Auto China 2016 auto show in Beijing, China, April 26, 2016. REUTERS/Kim Kyung-Hoon FRANKFURT/HONG KONG/SHANGHAI (Reuters) – Chinese state-owned car maker FAW Group held talks to acquire Italian truck group Iveco earlier this year but these have now been put on hold,… Continue reading Chinese FAW Group’s talks to acquire Iveco held this year now on hold: sources
Main Renault unions reject cost-cutting plans: sources
By Reuters Staff 2 Min Read PARIS (Reuters) – The four main unions representing employees at Renault RENA.PA oppose its cost-cutting plans, union sources said, adding to the French carmaker’s restructuring headaches. A logo of Renault carmaker is pictured at a dealership in Le Loroux-Bottereau, France, September 28, 2020. REUTERS/Stephane Mahe Loss-making Renault, which is… Continue reading Main Renault unions reject cost-cutting plans: sources
Shares of LG Chem rise after report of Tesla’s interest in battery unit
By Reuters Staff 3 Min Read SEOUL (Reuters) – Shares of LG Chem Ltd, which supplies batteries to Tesla Inc, climbed on Tuesday, after media said the U.S. electric vehicle maker was looking to acquire a stake in a battery unit the South Korean company wants to dispose of. FILE PHOTO: A Tesla logo is… Continue reading Shares of LG Chem rise after report of Tesla’s interest in battery unit
UK car dealer Pendragon turns profitable after first-half loss
By Reuters Staff 2 Min Read FILE PHOTO: A man passes cars on a showroom forecourt in west London, Britain November 6, 2008. REUTERS/Toby Melville/File Photo (Reuters) – British auto dealer Pendragon PDG.L said on Tuesday strong performance since the easing of COVID-19 lockdowns helped it return to profitability in July and August, after posting… Continue reading UK car dealer Pendragon turns profitable after first-half loss
France’s Total buys Bollore’s electric charging network in London
By Reuters Staff 1 Min Read The Total logo on the Total Plaza building, the U.S. headquarters of French oil and gas company Total SA in Houston, Texas, U.S. September 27, 2020. Picture taken September 27, 2020. REUTERS/Gary McWilliams PARIS (Reuters) – French oil giant Total TOTF.PA said on Tuesday it has agreed to buy… Continue reading France’s Total buys Bollore’s electric charging network in London
@Subaru: Subaru Corporation Announces Production, Japan Sales and Export Resultsfor August 2020 (Flash Report)000048
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@VW Group: Start of the 20,000-kilometre marathon: testing the long-distance qualities of the new ID.3
Electromobility is gaining ground in Germany. Not only the number of battery-driven electric models offered and their registrations are growing, infrastructure is expanding as well. The long-distant record-breaking driver from Mannheim, Rainer Zietlow, and his co-driver Dominic Brüner are now carrying out the ultimate road test. Over the course of a unique two-month marathon, they… Continue reading @VW Group: Start of the 20,000-kilometre marathon: testing the long-distance qualities of the new ID.3