Sep 22, 2020 Automakers may be fierce competitors on the showroom floors and production lines, but in one critical area they share a common goal: working to equip diverse suppliers to help build the future of electric mobility and autonomous cars. The Automotive Industry Group (AIG)—a coalition of industry competitors including Volkswagen Group of America—works… Continue reading @VW Group: NEWSROOM: How Volkswagen is helping diverse suppliers find their footing
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Ford to invest $1.46 billion in Canada plants as part of Unifor union deal
By Reuters Staff 1 Min Read FILE PHOTO: A Ford logo is seen on a wall of the Oakville Assembly Plant as workers with UNIFOR attended a ratification vote nearby, in Oakville, Ontario, Canada November 6, 2016. REUTERS/Chris Helgren (Reuters) – Ford Motor Co will invest C$1.95 billion ($1.46 billion) in its Oakville and Windsor… Continue reading Ford to invest $1.46 billion in Canada plants as part of Unifor union deal
Online used-car retailer Carvana sees record third quarter as vehicle demand rebounds
By Reuters Staff 1 Min Read FILE PHOTO: Vehicles are displayed at a Carvana dealership, which allows customers to buy a used car online and have it delivered or pick it up from an automated-tower, in Austin, Texas, U.S., March 9, 2017. REUTERS/Brian Snyder (Reuters) – Online used-car retailer Carvana Co said bit.ly/32SOqyh on Tuesday… Continue reading Online used-car retailer Carvana sees record third quarter as vehicle demand rebounds
EV maker Polestar plans to double showrooms and move into new markets: CEO
By Yilei Sun, Brenda Goh 3 Min Read BEIJING (Reuters) – Polestar, the performance electric vehicle maker based in Sweden and owned by China’s Geely, plans to double the number of showrooms in existing markets this year and expand to new countries in Asia and the Middle East, its CEO said on Tuesday. Slideshow (… Continue reading EV maker Polestar plans to double showrooms and move into new markets: CEO
Baidu-backed Chinese EV startup WM Motor raises $1.5 billion
By Reuters Staff 1 Min Read FILE PHOTO: WM Motor’s founder and CEO Freeman Shen and Vice President of Strategic Planning, Lobo Lu attend the WM Motor brand launch event in Shanghai, China, December 11, 2017. REUTERS/Aly Song BEIJING (Reuters) – Baidu-backed BIDU.O Chinese electric vehicle (EV) startup WM Motor said on Tuesday it has… Continue reading Baidu-backed Chinese EV startup WM Motor raises $1.5 billion
GM faces unexpected bills as India-China tensions delay sale of India plant: sources
By Aditi Shah, Ben Klayman 4 Min Read NEW DELHI/DETROIT (Reuters) – Delays to General Motors’ GM.N sale of its Indian plant to Great Wall Motor 601633.SS due to tensions between India and China are likely to result in hefty unplanned costs for the U.S. automaker, people familiar with the matter said. FILE PHOTO: The… Continue reading GM faces unexpected bills as India-China tensions delay sale of India plant: sources
@VW Group: Electrify America and Volkswagen of America announce agreement providing unlimited charging plan for owners of the all-new 2021 ID.4 electric SUV
Sep 21, 2020 2021 VW ID.4 customers will receive three years of unlimited charging¹ on Electrify America’s nationwide network of ultra-fast chargers at no additional cost to the vehicle’s purchase price Herndon, VA — Volkswagen of America, Inc. announced an agreement with Electrify America today to provide owners of the all-new 2021 VW ID.4 electric SUV… Continue reading @VW Group: Electrify America and Volkswagen of America announce agreement providing unlimited charging plan for owners of the all-new 2021 ID.4 electric SUV
Hyundai Motor, South Korean union agrees to freeze wages for the first time in 11 years
By Reuters Staff 1 Min Read FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel of a all-new Sonata sedan on display at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Hyundai Motor 005380.KS and its South Korean union reached a tentative deal to… Continue reading Hyundai Motor, South Korean union agrees to freeze wages for the first time in 11 years
China’s Didi, BYD to launch co-designed ride-hailing EV: sources
By Yilei Sun, Brenda Goh 3 Min Read Slideshow ( 2 images ) BEIJING (Reuters) – China’s ride-hailing giant Didi Chuxing and electric vehicle maker BYD plan to launch this year a test batch of a vehicle they have designed for ride-hailing services, people familiar with the matter said. BYD received approval from China’s Ministry… Continue reading China’s Didi, BYD to launch co-designed ride-hailing EV: sources
Air taxi firm Volocopter teams up with Schenker to deploy heavy-lift drones
By Nadine Schimroszik, Douglas Busvine 3 Min Read BERLIN (Reuters) – German aviation startup Volocopter has teamed up with logistics group DB Schenker to deploy its heavy-lift drones, in a project that will gather vital practical flying experience before its air taxis enter service. FILE PHOTO: A Volocopter air taxi performs a demonstration in Singapore,… Continue reading Air taxi firm Volocopter teams up with Schenker to deploy heavy-lift drones