01/15/2018 Electric offensive as in VW – also pick-up F-150 as a hybrid Ford wants to invest 11 billion dollars in e-cars ford Rethink: Also PS monster like the F-150 Ford wants to offer in the future as a hybrid vehicle The second largest US automaker Ford ill will massively increase its involvement in electric… Continue reading Electric offensive as in VW – even pick-up F-150 as a hybrid: Ford wants to invest 11 billion dollars in e-cars
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Ford Goes ‘All In’ on Electric Cars
Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that the auto industry sees growing from what’s now just a fraction of the market. The carmaker will shell out $11 billion bringing 40 electrified vehicles to market by 2022, Jim Farley, president of global markets, said during… Continue reading Ford Goes ‘All In’ on Electric Cars
UPDATE 1-VW brand car sales hit record 6.23 mln in 2017
DETROIT (Reuters) – Volkswagen’s (VOWG_p.DE) core autos division increased vehicle sales to a record 6.23 million cars last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe. Although the emissions test-cheating scandal of September 2015 has cost the German group billions of… Continue reading UPDATE 1-VW brand car sales hit record 6.23 mln in 2017
UPDATE 3-Ford plans $11 billion investment, 40 electrified vehicles by 2022
DETROIT (Reuters) – Ford Motor Co (F.N) will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. The investment figure is sharply higher than a previously announced target… Continue reading UPDATE 3-Ford plans $11 billion investment, 40 electrified vehicles by 2022
VW Brand to Invest $3.3 Billion in Quest for U.S. Relevance
Volkswagen AG, unveiling a version of the revamped Jetta sedan, said it’ll invest more than $3.3 billion in North America to help lift the brand out of irrelevance in the U.S. The spending through 2020 will mostly go toward new models, including two more planned sport utility vehicles designed to finally turn VW’s fortunes, after lingering at… Continue reading VW Brand to Invest $3.3 Billion in Quest for U.S. Relevance
Alibaba Said To Buy $3B Stakes In Chinese Bike Sharing Firm Ofo From GSR
Chinese tech giant Alibaba Group Holding Ltd. is reported to have bought a US$3 billion stake in bike sharing firm ofo from GSR Ventures. According to multiple Chinese media reports, Ou Chengxiao, brother-in-law of GSR’s managing partner Allen Zhu, stated in an open course he teaches that GSR sold its entire stake in ofo to… Continue reading Alibaba Said To Buy $3B Stakes In Chinese Bike Sharing Firm Ofo From GSR
China Digest: Kintor Pharma, CalmCar, MLog, Yida Media raise funding
January 15, 2018 Five Chinese startups have raised a total of $81.6 million from venture capital and private equity companies in China, according to a China Money Network report. Kintor Pharmaceuticals raises $44 million Series C Chinese pharmaceutical research company Suzhou Kintor Pharmaceutical Inc has raised $44 million in a Series C funding round led by… Continue reading China Digest: Kintor Pharma, CalmCar, MLog, Yida Media raise funding
Ford Doubling Electric Vehicle Spending to $11 Billion by 2022
Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that still comprises a fraction of the auto market. The carmaker will shell out $11 billion by 2022, Jim Farley, president of global markets, said during a presentation at the Detroit auto show. That’s up from the $4.5… Continue reading Ford Doubling Electric Vehicle Spending to $11 Billion by 2022
Chao promises 'tech-neutral' robot car approach
CLOSE United States Secretary of Transportation Elaine Chao talks about the future of technology in the automobile industry at Cobo Center during a press event at the Detroit Auto Show. Daniel Mears, The Detroit News United States Secretary of Transportation Elaine L. Chao speaks in the Cobo Center Atrium in Detroit, Michigan on January 14,… Continue reading Chao promises 'tech-neutral' robot car approach
VW to spend more than $3.3 bln through 2020 on U.S. model expansion
DETROIT (Reuters) – Volkswagen (VOWG_p.DE) plans to spend more than $3.3 billion on development and production of new models in North America from 2018 to 2020 as the German group reboots operations in the world’s second-largest auto market. Some $1.2 billion of the planned investments are destined for the United States where Volkswagen in 2018… Continue reading VW to spend more than $3.3 bln through 2020 on U.S. model expansion