Tag: VW

@VW Group: More powerful battery, longer range: upgrade for the Audi plug-in hybrids Q5, A6, and A7002461

Upgrade for the Audi plug-in hybrids Q5, A6, and A7 Sportback: The TFSI e models now come with even greater battery capacity. The lithium-ion battery now delivers 14.4 kWh net (17.9 kWh gross) and allows an increased electric range of up to 91 kilometers, measured in accordance with the NEDC cycle (73 km according to… Continue reading @VW Group: More powerful battery, longer range: upgrade for the Audi plug-in hybrids Q5, A6, and A7002461

Briggs Automotive Company Continues U.S. Expansion Into Michigan

BIRMINGHAM, Mich., Feb. 23, 2021 /PRNewswire/ — Briggs Automotive Company (BAC) is continuing its global expansion and today announced the launch of BAC Michigan, signing an agreement with luxury automotive dealership Platinum Motorcars Detroit (PMC) to bring its Mono supercar to the Midwest. Based in Birmingham, Michigan, just north of Detroit, Platinum Motorcars offers premium… Continue reading Briggs Automotive Company Continues U.S. Expansion Into Michigan

BMW’s CEO says Tesla will struggle to maintain its rapid growth because of mounting competition among electric-car makers

Tesla may struggle to maintain its rapid growth as other carmakers launch their own EVs, Oliver Zipse said Monday. “The rest of the industry is moving ahead big time,” the BMW CEO said. Tesla delivered almost 500,000 vehicles in 2020. Other automakers have committed to boosting electric-car sales. Visit the Business section of Insider for… Continue reading BMW’s CEO says Tesla will struggle to maintain its rapid growth because of mounting competition among electric-car makers

Lucid Motors strikes SPAC deal to go public with $24 billion valuation

Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup.  The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction… Continue reading Lucid Motors strikes SPAC deal to go public with $24 billion valuation

German Handelsblatt: Sports car manufacturer: Porsche boss tightens austerity measures001365

Porsche emblem on a bonnet The sports car manufacturer has probably started the new year on a good note. (Photo: dpa) Berlin The VW sports car subsidiary Porsche is tightening its savings program. “We are now planning a total of around ten billion euros over the next five years to secure the result. Originally it… Continue reading German Handelsblatt: Sports car manufacturer: Porsche boss tightens austerity measures001365

Renault: electric cars still weigh on profitability

Posted on Feb 22, 2019 2021 at 6:55 updated on 22 feb. 2021 at 7:37 The electric car has finally taken off , at least in Europe, and the manufacturers welcome it, at least officially. But is this such good news? Will this not weigh heavily on their profitability? It will certainly be difficult to… Continue reading Renault: electric cars still weigh on profitability

Inside the industry: Volvo is showing the subscription model can work for cars

It reads like the car enthusiast’s dream: pay a fixed subscription fee and swap to whichever car you want from a brand’s line-up as and when it suits you. Something sensible for the week and a sports car at the weekend? Drive electric day to day but switch to a diesel SUV for those long… Continue reading Inside the industry: Volvo is showing the subscription model can work for cars

German Manager Magazin: Porsche SE: VW subsidiary tightens austerity program until 2025000584

The sports car subsidiary Porsche is tightening its savings program. “In the next five years we are now planning a total of around ten billion euros to secure the result. Originally it was six billion euros,” said CEO Oliver Blume of the “Automobilwoche”. “After 2025 it should be three billion euros a year.” Initially, an… Continue reading German Manager Magazin: Porsche SE: VW subsidiary tightens austerity program until 2025000584