Auto majors Mercedes-Benz and Ford join the exodus out of Russia; keep the back door open for re-entry if the situation cools down. Mercedes-Benz and Ford Motors have both officially announced their exit from the Russian market on October 26. News agency Reuters reported that both companies will sell their stake in their industrial and… Continue reading Auto majors Mercedes-Benz and Ford join the exodus out of Russia; keep the back door open for re-entry if the situation cools down.
Category: US Motoring Press
Auto majors Mercedes-Benz and Ford are the latest to announce exit from Russia, sell stock to local investors.
Auto majors Mercedes-Benz and Ford are the latest to announce exit from Russia, sell stock to local investors. Mercedes-Benz and Ford Motors have both officially announced their exit from the Russian market on October 26. News agency Reuters reported that both companies will sell their stake in their industrial and financial services divisions to a local… Continue reading Auto majors Mercedes-Benz and Ford are the latest to announce exit from Russia, sell stock to local investors.
Keynote address by Venkatram Mamillapalle at Vehicle Lightweighting Conference
Autocar Professional hosted the second edition of its annual Vehicle Lightweighting Conference on October 18 and 19 which was kickstarted by the Country CEO and MD of Renault India Operations – Venkatram Mamillapalle. Mamillapalle stressed upon the need for corporations to outline their ESG targets and measure them through individual KPIs to track progress on… Continue reading Keynote address by Venkatram Mamillapalle at Vehicle Lightweighting Conference
“We are not killing Seat,” says brand chairman
The future of Seat is safe for the time being, despite being unprofitable and positioned alongside its sibling brand Cupra’s meteoric rise. Seat chairman and Volkswagen CEO Thomas Schafer told Autocar: “We are not killing Seat. We just need to decide on its future.” The VW Group-owned Spanish brand enjoyed much success with models such as the… Continue reading “We are not killing Seat,” says brand chairman
Continental wins orders worth 2 billion euros for pillar-to-pillar and OLED displays
Continental wins orders worth 2 billion euros for pillar-to-pillar and OLED displays Technology company Continental has announced that it has won additional major orders worth more than 2 billion euros (Rs 16,158 crore) from global vehicle manufacturers for its pillar-to-pillar display and for OLED displays. This brings the awarded lifetime sales for Continental display solutions… Continue reading Continental wins orders worth 2 billion euros for pillar-to-pillar and OLED displays
Volkswagen to change ID EV naming strategy
Volkswagen’s electric SUVs could be called ID X in the future, as the firm looks to ensure its model line-up is easily understood in markets around the world. For example, the upcoming compact SUV version of the Volkswagen ID 3 would be called ID 3 X, under the plans. VW boss Thomas Schafer said the maker… Continue reading Volkswagen to change ID EV naming strategy
Autocar Business Trends 2022: Battery swaps to kill range anxiety
The new Autocar Business Trends report is a quarterly analysis of the principal ways in which the automotive industry is changing. In the latest instalment, we look at the emergence of battery-swap technology, and consider whether its roll-out into Europe could reshape the way fleets operate. Go to Source
Volkswagen ID 3 compact SUV, two £20k entry-level EVs confirmed
The MEB platform will bow out later this decade, to be replaced by a new architecture called SSP (scalable systems platform), on which all volume-selling Volkswagen Group models will be based. Schäfer said that Volkswagen is “shedding old habits” in terms of its product line-up, focusing on core models in the future and “noticeably simplifying our… Continue reading Volkswagen ID 3 compact SUV, two £20k entry-level EVs confirmed
Volkswagen accelerates ID 3 facelift; reintroduces physical buttons
Volkswagen has accelerated the launch of its updated ID 3, CEO Thomas Schäfer has said, bringing it forward to 2023. The move is in reaction to well-publicised issues around the electric hatchback’s software, which has been so problematic that it’s widely rumoured to be the reason for former Volkswagen Group boss Herbert Diess leaving the business earlier this year.… Continue reading Volkswagen accelerates ID 3 facelift; reintroduces physical buttons
Ford’s earnings drop in 3rd quarter as it pays to exit Argo autonomous driving company
Ford Motor Co., the 119-year-old automaker based in Dearborn, reported third-quarter earnings Wednesday that reflected hard hits caused by increasing supplier costs along with exiting its investment in the Argo AI autonomous driving technology company. Argo will “wind down” its operations as Ford plans to absorb engineers and developers while also utilizing Argo facilities, Ford… Continue reading Ford’s earnings drop in 3rd quarter as it pays to exit Argo autonomous driving company