Elon Musk said Tesla favors Germany as the location for its first European Gigafactory. Industry experts expect a green car revolution to boost Europe’s battery market to around 250 billion euros ($290 billion) by 2025. Tesla has faced challenges ramping up Model 3 production, forcing it in recent days to announce plans to cut several… Continue reading Elon Musk says Tesla could put its first European Gigafactory in Germany
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Deutsche Post wants street scooters by 2020 itself to produce
N After the expulsion of Executive Board member Jürgen Gerdes, the post-chairman of the board of directors commits himself Frank Appel to the street scooter. The electric transporter powered by Gerdes will continue to be produced by Deutsche Post. “At least in the next two years, we will continue,” said Appel the Frankfurter Allgemeine Zeitung.… Continue reading Deutsche Post wants street scooters by 2020 itself to produce
VW and Ford are exploring Alliance
V olkswagen and Ford want to cooperate according to insiders in the construction of vans and in other areas. The Supervisory Board of the Wolfsburg Group have given the green light for talks with the second largest American carmaker to explore ways for cooperation, said two people with knowledge of the facts of the news… Continue reading VW and Ford are exploring Alliance
Toyota captures data goldmine in $1 billion Grab bet
TOKYO/SINGAPORE (Reuters) – By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic. FILE PHOTO: Commuters walk past a Grab transport booking… Continue reading Toyota captures data goldmine in $1 billion Grab bet
Porsche Buys Stake in Electric Ferrari Rival to Push Tech Shift
Porsche Buys Stake in Electric Ferrari Rival to Push Tech Shift Bloomberg Full coverage Go to Source
Audi CEO Taken into German Custody Over Diesel Probe, VW Says
Audi CEO Taken into German Custody Over Diesel Probe, VW Says Bloomberg Full coverage Go to Source
Ghosn May Step Down as Renault CEO Before Term Ends, FT Says
Ghosn May Step Down as Renault CEO Before Term Ends, FT Says Bloomberg Full coverage Go to Source
Ghosn Cautions Renault-Nissan Deal to Take Time to Get Right
Ghosn Cautions Renault-Nissan Deal to Take Time to Get Right Bloomberg Renault-Nissan merger unlikely before 2020, CEO Ghosn says Economic Times Full coverage Go to Source
German court says investors can seek redress from Porsche SE in VW case
BERLIN (Reuters) – A German court ruled on Friday that investors pushing for damages over a sharp fall in Volkswagen (VOWG_p.DE) shares after the carmaker disclosed emissions cheating in 2015 can also seek redress from majority shareholder Porsche SE (PSHG_p.DE). FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in… Continue reading German court says investors can seek redress from Porsche SE in VW case
Audi CEO crisis threatens fragile truce among VW stakeholders
FRANKFURT (Reuters) – The arrest and detention of Audi’s (NSUG.DE) chief executive forces Volkswagen Group’s (VOWG_p.DE) competing stakeholders to renegotiate the delicate balance of power that has helped keep Rupert Stadler in office. FILE PHOTO: Audi CEO Rupert Stadler speaks during the company’s annual news conference in Ingolstadt, Germany March 15, 2018. REUTERS/Michael Dalder/File Photo… Continue reading Audi CEO crisis threatens fragile truce among VW stakeholders