The Volkswagen Group has moved a step closer towards acquiring French vehicle rental firm Europcar after financial regulators in France approved its takeover offer. The German automotive giant partnered with UK-based asset manager Attestor Limited and Dutch automotive conglomerate Pon Holdings in July to place a €2.9 billion (£2.4bn) offer, at 50 cents per share. “The consortium… Continue reading Volkswagen Group moves step closer to acquiring Europcar
Category: US Motoring Press
Volkswagen India begins production of new Tiguan ahead of December launch
Gurpratap Boparai, Managing Director, SAVWIPL and Ashish Gupta, Brand Director, Volkswagen Passenger Cars India at the rollout of the made-in-India Tiguan. Volkswagen Passenger Cars India has commenced start of production of the Tiguan SUV at its Aurangabad plant. Built on the VW Group’s MQB platform, the five-seater Volkswagen Tiguan has a sharp design, enviable performance,… Continue reading Volkswagen India begins production of new Tiguan ahead of December launch
Zeon Charging to set up 400 EV chargers across Tamil Nadu
Tamil Nadu-based electric charging infrastructure company Zeon Charging has confirmed plans to invest Rs 250 crore in setting up EV charger infrastructure in the State. An MoU to that effect was signed recently in the presence of Chief Minister of Tamil Nadu, M K Stalin at the Tamil Nadu Investment Conclave 2021 in Coimbatore. Early this year,… Continue reading Zeon Charging to set up 400 EV chargers across Tamil Nadu
Ford and Rivian scrap plans to co-develop EV
Ford and electric vehicle start-up Rivian have scrapped plans to jointly develop an EV after mutually deciding to focus on their own projects. Ford CEO Jim Farley confirmed the decision to Automotive News and said the firm will now proceed with increasing global EV production to 600,000 annually by 2023. “Right now, we have growing confidence in our ability to win… Continue reading Ford and Rivian scrap plans to co-develop EV
GM: Jeep maker misstates legal complaint’s facts, misrepresents actions
General Motors Co. says the maker of Jeep SUVs and Ram pickup trucks misstated facts and misrepresented its actions in a legal complaint seeking to reinstate its lawsuit against Fiat Chrysler Automobiles NV. Wayne County Circuit Court last month dismissed GM’s civil suit claiming “billions” of dollars in damages after FCA executives bribed United Auto Workers officials in efforts… Continue reading GM: Jeep maker misstates legal complaint’s facts, misrepresents actions
China’s Xpeng muscles through chip crunch with rising deliveries
This content is only available to subscribers. $1 for 6 Months Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that interest you most. Exclusive… Continue reading China’s Xpeng muscles through chip crunch with rising deliveries
Jeep maker accuses GM of ‘corporate espionage,’ ‘spoofing’ in legal spat
The maker of Jeep SUVs and Ram pickup trucks on Tuesday accused General Motors Co. of “corporate espionage” in an attempt to block the Wayne County Circuit Court from reconsidering the Detroit automaker’s lawsuit against Fiat Chrysler Automobiles NV. The court last month dismissed GM’s civil suit claiming “billions” of dollars in damages after FCA executives bribed… Continue reading Jeep maker accuses GM of ‘corporate espionage,’ ‘spoofing’ in legal spat
Hyundai Group’s Innovation Conclave offers glimpse into promising future tech from start-ups
Hyundai Motor Group executives and employees participating in the 2021 Open Innovation Lounge are all ears to explanations of promising new technologies from domestic and foreign start-ups. Hyundai Motor Group yesterday held the ‘2021 Open Innovation Lounge for demonstration demonstrations of new technologies with promising domestic and foreign start-ups at the Hyundai Motor/Kia headquarters. The… Continue reading Hyundai Group’s Innovation Conclave offers glimpse into promising future tech from start-ups
Autocar confidential: Renault’s battery decisions, still no Audi RS8 and more
This week, we asked Audi if there’s any plans for an RS version of the A8 saloon, talked to Rolls-Royce CEO Torsten Müller-Ötvös about EV chargers and found out why the new Range Rover is the perfect vehicle for a global pandemic. But first, we caught up with Renault’s engineering boss to find out what their… Continue reading Autocar confidential: Renault’s battery decisions, still no Audi RS8 and more
Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion.
Rivian, a maker of electric trucks and vans, is going public at a stock price that values the company at nearly $70 billion, a remarkable number that highlights the belief on Wall Street that the fast-growing electric vehicle market is still a wide-open field. In a securities filing on Tuesday, Rivian said it was selling… Continue reading Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion.