PSA inaugurated, on November 20th, on its site of Trémery, in Moselle, its first and only line of assembly of electric motorizations. The investment of 10.5 million euros marks a first step in the group’s electrification strategy, which plans to produce seven 100% electric models by 2021. In 2014, the manufacturer decided to manufacture the… Continue reading PSA electrifies its engines
Tag: Strategy
Hyundai Motor India begins exporting its Venue SUV to South Africa
Hyundai Motor India has announced that it has begun exporting its Venue compact SUV to South Africa. The first consignment of 1,400 Venues, which marks the largest single overseas shipment of Venues till now. departed from the Chennai Port earlier today. The Venue is slated to be launched in South Africa on December 2. In the… Continue reading Hyundai Motor India begins exporting its Venue SUV to South Africa
VW ID.4 Price Expected To Be In Low To Mid $30,000 Range After Credit
Moreover, the effective price should be maintained even when the federal tax credit is gone According to Scott Keogh, Volkswagen of America CEO, the upcoming ID.4 all-electric car, in the U.S. market should be effectively available from the low– to mid-$30,000 range after including the federal tax credit. Considering $7,500 incentive, the MSRP should be then $40,000-$42,500… Continue reading VW ID.4 Price Expected To Be In Low To Mid $30,000 Range After Credit
Audi accelerates electric vehicle plans with $12 billion investment
Audi has announced an acceleration of its electric vehicle plans with an updated investment schedule, including €12 billion in electric vehicles. The German automaker announced upfront expenditure totaling approximately €37 billion for the years of 2020 through 2024. Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG, announced more… Continue reading Audi accelerates electric vehicle plans with $12 billion investment
@VW Group: Audi increases upfront expenditure for electric mobility
AUDI AG has planned a total amount of approximately €37 billion for research and development expenditure and investment in property, plant and equipment over the next five years. Against the backdrop of its roadmap towards electrification, the manufacturer is planning upfront expenditure of €12 billion solely for electric mobility – more than ever before. The… Continue reading @VW Group: Audi increases upfront expenditure for electric mobility
@Groupe PSA: Your PEUGEOT contacts at the 2015 Frankfurt International Motor Show
The Frankfurt motor show will be open to the press on 15 and 16 September.The PEUGEOT press conference, with Maxime Picat, PEUGEOT Brand CEO, will be held on Tuesday 15 September at 2:40pm at the PEUGEOT booth, in hall 8 You will have the chance to interview: – Maxime Picat, Peugeot Brand CEO- Laurent Blanchet,… Continue reading @Groupe PSA: Your PEUGEOT contacts at the 2015 Frankfurt International Motor Show
@Groupe PSA: PEUGEOT at the Shanghai International Motor Show
The Shanghai Motor Show opens its doors to the press on the 20th April. We are delighted to invite you to a press conference with Maxime Picat, Peugeot CEO, on:Monday 20 April at 11.00 On the PEUGEOT stand in hall 6On this occasion, you will be able to schedule interviews with, depending on the subjects… Continue reading @Groupe PSA: PEUGEOT at the Shanghai International Motor Show
Daimler to ax at least 10,000 jobs in latest car industry cuts
FRANKFURT (Reuters) – Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany,… Continue reading Daimler to ax at least 10,000 jobs in latest car industry cuts
UPDATE 3-Daimler to axe at least 10,000 jobs in latest car industry cuts
FRANKFURT (Reuters) – Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany,… Continue reading UPDATE 3-Daimler to axe at least 10,000 jobs in latest car industry cuts
Audi To Cut Over 10% Of Its Staff By 2025: Focus On EVs
The German manufacturer intends to cut up to 9,500 jobs and save billions for investment in electrification and digitalization Audi announced yesterday that by 2025 it will reduce its workforce in Germany by up to 9,500, which is some 10.6% of total staff. That should translate into $6 billion ($6.6 billion) of savings by 2029,… Continue reading Audi To Cut Over 10% Of Its Staff By 2025: Focus On EVs