Autobank: VW Financial Services wants to benefit from electromobility

IAA 2019 The ID.3 is the first pure electric car from Volkswagen. (Photo: AP) Frankfurt has hardly Volkswagen unveiled its first pure electric model at the IAA with the ID.3, the banking subsidiary of the car company would like to benefit from the e-mobility boom. Volkswagen According to its own statements, Financial Services aims to… Continue reading Autobank: VW Financial Services wants to benefit from electromobility

CO2 minimization: VW boss Diess sees industry because of environmental requirements on the edge of the load capacity

Herbert dies By 2020, the VW Group is expected to sell a total of 200,000 e-cars worldwide. (Photo: AFP) Frankfurt Volkswagen happy to be finished in time and with the ID.3 his first real electric car on the IAA to be able to present. But for CEO Herbert dies is that no reason to give… Continue reading CO2 minimization: VW boss Diess sees industry because of environmental requirements on the edge of the load capacity

Hyundai hatches an electric future with retro 45 EV concept

Hyundai is channeling nostalgia for a past product that Americans never had with its 45 concept car revealed Tuesday at the Frankfurt auto show.

But that won’t get in the way of Americans appreciating the design of this strikingly different concept—or seeing it as retro. The concept, according to Hyundai, evokes “emotional connections from the past to create a consumer lifestyle brand for the future of mobility.”

To Americans, it will bring to mind the handsome hatchbacks of the 1970s from AMC, Volkswagen, and others—and the Plymouth Horizon.

Hyundai 45 concept

The intended reference is the Hyundai Pony, a rear-wheel-drive hatchback that came to be in the mid-1970s—45 years ago—and was later sold in Europe.

The 45 concept mates those distinct hatchback geometries with a front-end look that bears hints of muscle cars and sport coupes from the same era, and brings in some uniquely modern contouring (and sliding doors).

As Hyundai terms it, the overarching language is “Sensuous Sportiness,” with a “kinetic cube” theme for the front and rear lights. A lattice grille also harks back to the ‘70s and ‘80s.

It’s not the only concept to go retro in a quite charming way. The Honda E (originally called the Urban EV Concept) is one of those.

The 45 concept uses side camera mirrors with a built-in cleaning function. And at the bottom of the door, a battery-level strip shows quickly how much range is left in the car, without the need to open up the car or flip through an app.

Hyundai 45 concept

Inside, the concept “reimagines the in-car experience in the age of electrification and autonomous technologies), with a wide-screen layout that occupies about two-thirds of the dash width, and a curved shelf running the full width. It’s clean and light, with a warm, textured look (from wood, fabric, and leather), and lounge-style seats in front pivot to the side for easier entry and exit.

The 45 concept has a skateboard layout, with the batteries set low in the floor. Hyundai offered no additional technical details about the vehicle, although it’s considering this as a global model, to be built on the company’s upcoming E-GMP dedicated EV platform due around 2021.

In an earlier teaser for the concept, the company called it “a symbolic milestone for Hyundai’s future EV design.” Given this concept’s reception so far at the show—and its refreshingly different design, we’ll likely see more of these lines in the next year or two.

New all-electric Vauxhall Corsa-e to start from just over £26k

UK prices for the pure-electric version of the next-generation Vauxhall Corsa have been confirmed. Including the Government’s plug-in car grant, the new Corsa-e will start from £26,490, while the first 500 customers to place an order will receive a free home charging kit. When first deliveries begin in April 2020, the Corsa-e will be the first… Continue reading New all-electric Vauxhall Corsa-e to start from just over £26k

European automakers tell governments they must help sell electric cars

FILE PHOTO: CEO of the PSA Group, Carlos Tavares attends the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse FRANKFURT (Reuters) – Europe’s carmakers are telling governments they must help build electric car charging points and provide consumer subsidies to boost sales of battery-powered vehicles and assist the industry in… Continue reading European automakers tell governments they must help sell electric cars

Klaus Rosenfeld: Schaeffler boss: Supplier industry can no longer afford “fat deposits”

Schaeffler boss Klaus Rosenfeld “Our core competence is precision mechanics.” (Photo: Bloomberg) Frankfurt The auto industry is facing serious problems. Klaus Rosenfeld, however, refuses to poke his head in the sand. “I and our shareholders see this change and transformation in the automotive industry as an opportunity rather than a risk,” said the head of… Continue reading Klaus Rosenfeld: Schaeffler boss: Supplier industry can no longer afford “fat deposits”

Volvo admits ‘Tesla is far ahead of everyone else on energy efficiency’

An executive for Volvo’s Polestar candidly admitted that “Tesla is far ahead of everyone else on energy efficiency” and they are going to have to catch up or find other ways to compete. When Volvo rebranded Polestar two years ago, it was off to a somewhat weird but interesting start as it unveiled its first… Continue reading Volvo admits ‘Tesla is far ahead of everyone else on energy efficiency’

Hedge fund Steadview in talks to lead $50m round in 2-wheeler rental startup Vogo

Hedge fund Steadview Capital is in talks to lead a $50 million funding round in two-wheeler rental startup Vogo, said two people aware of the matter. Existing investors such as venture capital firms Matrix Partners, Stellaris Venture Partners and Kalaari Capital are also expected to participate in the round, said the people cited above, who requested anonymity as the talks… Continue reading Hedge fund Steadview in talks to lead $50m round in 2-wheeler rental startup Vogo

Mullen Technologies Purchases First Northern California Retail Location

BREA, CALIFORNIA (Sept. 10th, 2019) – Mullen Technologies announces the acquisition of a new retail location in the city of Fresno, CA.  This is Mullen’s first location outside of Southern California and is the start of a great push into the Northern California (NorCal) Market. This well-placed Fresno dealership is the ideal Northern California starting… Continue reading Mullen Technologies Purchases First Northern California Retail Location

Great Wall may consider building cars in Europe once sales hit 50,000 a year: chairman

FRANKFURT/BEIJING (Reuters) – China’s Great Wall Motor (601633.SS)(2333.HK) may consider building car manufacturing facilities in the European Union once its sales there hit 50,000 units a year, its chairman said, as part of a push to seek growth in overseas markets. FILE PHOTO: A woman talks on her phone as she walks past a sign… Continue reading Great Wall may consider building cars in Europe once sales hit 50,000 a year: chairman