Volkswagen Group chairman Oliver Blume has said it’s “not up for discussion” that EVs “are the future”, with the firm’s interest in synthetic e-fuels being born of a desire to provide a greener solution for ICE cars already on the road. Group brand Porsche is currently involved in a major pilot project to sustainability produce e-fuels… Continue reading EVs still priority for Volkswagen Group, despite e-fuels investment
Category: US Motoring Press
Volkswagen Group to invest £158bn in EVs over next five years
The Volkswagen Group is aiming to further accelerate its electrification efforts with a commitment to invest €180 billion (£158bn) in the next five years, with the majority spent on electrification and software development. The car giant – whose brands include Audi, Cupra, Porsche, Seat, Skoda and Volkswagen – sold 8.3 million vehicles in 2022, with 7% of those battery-electric. But 16% of its… Continue reading Volkswagen Group to invest £158bn in EVs over next five years
Next-gen Mercedes-Benz GLC Coupé arrives with 671bhp
Mercedes-Benz has unveiled the second-generation Mercedes-Benz GLC Coupé, which will go on sale in the UK this July. It will be produced with two turbocharged four-cylinder engines in seven standard models, including a trio of plug-in hybrids, each boasting an official electric-only range of more than 74 miles. The new high-riding five-door has been comprehensively reworked in an… Continue reading Next-gen Mercedes-Benz GLC Coupé arrives with 671bhp
Volkswagen readies electric ID Tiguan for potential 2026 launch
“Our brands have a long tradition and are very appealing. Customers buy brands, and they’re made up of icons. “It’s my expectation that our outstanding iconic products, such as the Golf, the GTI brand, the Tiguan, the Audi Quattro and the Porsche 911, can be transformed.” “Take the 911, for example. We’re going to offer hybrid… Continue reading Volkswagen readies electric ID Tiguan for potential 2026 launch
Lamborghini LB744: 1000bhp PHEV to debut new chassis tech
Lamborghini’s first plug-in hybrid supercar, which will replace the Lamborghini Aventador, will arrive with a brand-new ‘monofuselage’ chassis concept, which the firm says will represent “a significant” step forward for the model’s driving dynamics and torsional stiffness. The supercar, codenamed LB744, will be the first to feature a front end constructed entirely of carbonfibre, with… Continue reading Lamborghini LB744: 1000bhp PHEV to debut new chassis tech
AMU Leasing, 3ev Industries, and 3eco Systems Join Hands to Deploy 600+ ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India
AMU Leasing, 3ev Industries, and 3eco Systems Join Hands to Deploy 600+ ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India AMU Leasing, 3ev Industries, and 3eco Systems have announced a new collaboration to introduce a new initiative aimed at deploying over 600 converted ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India within nine months. As part of… Continue reading AMU Leasing, 3ev Industries, and 3eco Systems Join Hands to Deploy 600+ ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India
Daimler India CV commits to 48-hour service delivery of BharatBenz trucks and buses
Daimler India CV commits to 48-hour service delivery of BharatBenz trucks and buses Daimler India Commercial Vehicles (DICV), the manufacturer of BharatBenz trucks and buses, has launched an uptime assurance program called ‘BharatBenz Rakshana’ aimed at enabling its customers to enhance their business profitability. The Rakshana program commits to servicing and delivering BharatBenz trucks and… Continue reading Daimler India CV commits to 48-hour service delivery of BharatBenz trucks and buses
CNH Industrial fully acquires Augmenta for US$110 mn
Italian-American heavy machinery manufacturer CNH Industrial has purchased Augmenta, a France-based company focusing on agriculture through automation, to accelerate the growth of its innovative Sense & Act technology. As per a company statement, CNH Industrial will acquire Augmenta Holding SAS at an enterprise value of US$110 million, subject to customary adjustments. Augmenta was a previous… Continue reading CNH Industrial fully acquires Augmenta for US$110 mn
CNH Industrial fully acquires machine vision company Augmenta for US$ 110 mn
Italian-American heavy machinery manufacturer CNH Industrial has purchased machine vision company Augmenta to accelerate the growth of its innovative Sense & Act technology. As per a company statement, CNH Industrial will acquire Augmenta Holding SAS at an enterprise value of US$110 million, subject to customary adjustments. Augmenta was a previous CNH Industrial Ventures investment and… Continue reading CNH Industrial fully acquires machine vision company Augmenta for US$ 110 mn
Blackstone sells 20.5% stake in Sona Comstar for Rs 4,917 cr
Private equity firm Blackstone has sold its remaining 20.50 percent stake worth Rs 4,917 crore in auto component manufacturer Sona BLW Precision Forgings (Sona Comstar). Prior to this transaction, Aureus Investment and Blackstone held 33 percent and 20.5 percent, respectively of Sona Comstar, as the auto technology company’s co-promoters. This stake sale happened via bulk… Continue reading Blackstone sells 20.5% stake in Sona Comstar for Rs 4,917 cr