FILE PHOTO: Herbert Diess, CEO of German carmaker Volkswagen AG, poses in an ID.3 pre-production prototype during the presentation of Volkswagen’s new electric car on the eve of the International Frankfurt Motor Show IAA in Frankfurt, Germany September 9, 2019. REUTERS/Wolfgang Rattay/File Photo MILAN (Reuters) – Volkswagen (VOWG_p.DE) does not expect the shift in production… Continue reading Volkswagen CEO says electric car shift won’t hurt margins: paper
Category: Automotive
Car parts group Faurecia to buy full control of SAS venture from Continental
FILE PHOTO: Patrick Koller, Chief Executive Officer of French car parts supplier Faurecia, poses before the company’s 2016 annual results presentation in Paris, France, February 9, 2017. REUTERS/Philippe Wojazer/File Photo PARIS (Reuters) – French car parts group Faurecia (EPED.PA) said on Monday it had agreed to buy full control of the SAS joint venture it… Continue reading Car parts group Faurecia to buy full control of SAS venture from Continental
MG Motors hiring 500 additional workers to ramp up Hector production
MG Motors hiring 500 additional workers to ramp up Hector production
Porsche Experience Center Hockenheimring now open
10/13/2019 Sports car manufacturer Porsche has opened the seventh Porsche Experience Center (PEC) in the world at the Hockenheimring as part of the “Sportscar Together Day” festival. The premises at the heart of the race track cover an area of around 170,000 square metres and include a Customer Experience Centre, handling course, driving dynamics areas… Continue reading Porsche Experience Center Hockenheimring now open
CATL and VWCO Collaborate to Speed up Global Commercial Vehicle Electrification
Remarkable LFP and CTP application– the latest standard CV product of CATLThe cooperated electric trucks will be applied with the latest model of standard battery pack in CATL that is specifically designed for commercial vehicles. Using the LFP chemistry system, which features exceptional long cycle life and high thermal runaway temperature of up to 800°C,… Continue reading CATL and VWCO Collaborate to Speed up Global Commercial Vehicle Electrification
GM strike: ‘We’ve got to fight for what’s right’
Workers with picket signs mark every entrance to the General Motors plant in Flint, Michigan. With them is all the paraphernalia of a long stay – tables piled with snacks and water bottles, wood and steel bins to make fires during the night, and dozens of signs bearing the slogan “UAW on strike”. It’s the… Continue reading GM strike: ‘We’ve got to fight for what’s right’
Volkswagen denies plans for sale or stock listing for Lamborghini
(Adds denial from Volkswagen) FRANKFURT, Oct 13 (Reuters) – Volkswagen on Sunday said that it has no plans for a sale or an initial public offering of luxury brand Lamborghini, after Bloomberg reported that it was considering shedding the unit. Bloomberg reported here on Friday that Volkswagen was readying to fold Lamborghini into a separate… Continue reading Volkswagen denies plans for sale or stock listing for Lamborghini
Tesla ends sale commission, increases salaries and stock bonus after compensation cut
Tesla is reversing most of its “online sales only” strategy launched earlier this year. The automaker is going to hire more sales and delivery staff, end sales commission for Tesla Advisors, and increase salaries and stock bonuses, according to sources familiar with the matter. Earlier this year, Tesla launched the long-promised $35,000 version of the Model… Continue reading Tesla ends sale commission, increases salaries and stock bonus after compensation cut
Buick Launches VELITE 6 PLUS MAV Electric Vehicle in China
Buick Launches VELITE 6 PLUS MAV Electric Vehicle in China Increases electric range to 410 kilometers on a single charge 2019-10-12 SHANGHAI – Buick launched the VELITE 6 PLUS MAV (multi-activity vehicle) electric vehicle today in China. The newest member of the VELITE 6 family, the VELITE 6 PLUS has a constant-speed range of up… Continue reading Buick Launches VELITE 6 PLUS MAV Electric Vehicle in China
Ecuador protests: President imposes curfew amid worsening violence – BBC News
Media playback is unsupported on your device Ecuador’s president has ordered the capital, Quito, and surrounding areas to be placed under curfew in a bid to curb violent protests. “We’re going to restore order in all of Ecuador,” Lenín Moreno vowed in a televised address. Parts of Quito have descended into chaos after more than… Continue reading Ecuador protests: President imposes curfew amid worsening violence – BBC News