Takuya Tsumura who takes over as President and CEO of Honda Cars India (HCIL) on 1 April 2022 is taking the helm of the Japanese brand at a time when it going through its toughest phase in India. The car manufacturer which launched cars like the Civic Hybrid at the top end and the Brio… Continue reading Honda Cars’ new chief has his task cut out
Tag: VW
Ford among vehicle recalls this week
U.S. National Highway Traffic & Safety Administration The U.S. National Highway Traffic Safety Administration has issued recalls for February 17 through 24, including a Ford recall involving 330,784 units. See the list of this week’s car recalls involving ten or more units below, or search USA TODAY’s automotive recalls database for more: Audi Volkswagen Group… Continue reading Ford among vehicle recalls this week
Volkswagen idles two German plants as supplies from Ukraine run dry
Carmaker will halt production after failing to obtain electrical wires from a Ukrainian supplier Go to Source
VW to offer only non-voting shares to public in €20bn Porsche listing
Move threatens to cast pall over IPO that could be one of Germany’s largest Go to Source
@VW Group: Porsche Automobil Holding SE resolves to further examine and generally support a possible IPO of Dr. Ing. h.c. F. Porsche AG004678
Stuttgart, 24 February 2022. Based on discussions between Porsche Automobil Holding SE (Porsche SE) and Volkswagen AG about a possible IPO of Dr. Ing. h.c. F. Porsche AG (Porsche AG), the executive board of Porsche SE resolved today, with the approval of the supervisory board of Porsche SE, to further examine and generally support the… Continue reading @VW Group: Porsche Automobil Holding SE resolves to further examine and generally support a possible IPO of Dr. Ing. h.c. F. Porsche AG004678
@VW Group: Volkswagen to start review of Porsche AG IPO004678
Wolfsburg, February 24, 2022 – Volkswagen AG today announced that it will conduct an assessment on the feasibility of a potential initial public offering of Dr. Ing. h.c. F. Porsche AG. The Management Board and the Supervisory Board of Volkswagen concluded a framework agreement reflecting the respective discussions between Volkswagen AG and Porsche Automobil Holding… Continue reading @VW Group: Volkswagen to start review of Porsche AG IPO004678
Temasek-backed Ola Electric plans to build battery plant in India
Softbank Group-backed Ola Electric plans to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt hours (GWh), a source told Reuters, as part of its broader electrification push. Ola will need 40 Gwh of battery capacity to meet its annual target to produce 10 million electric scooters and the remainder will be for electric cars,… Continue reading Temasek-backed Ola Electric plans to build battery plant in India
Arbe Names Founder and Former CEO of Porsche Digital to Its Board of Directors
TEL AVIV, Israel, Feb. 24, 2022 /PRNewswire/ — Arbe Robotics Ltd. (Nasdaq: ARBE) (“Arbe”), a global leader in next-generation 4D Imaging Radar Solutions, announced today that Thilo Koslowski, a renowned thought leader, and visionary in automotive and digital technology, has been named to its Board of Directors. Koslowski is an executive advisor focused on technology strategies for global… Continue reading Arbe Names Founder and Former CEO of Porsche Digital to Its Board of Directors
@BMW: BMW Group joins sustainable lithium mining project in Chile001788
Munich. Responsible management of natural resources is one of the core elements of the BMW Group’s commitment to sustainability. Within the framework of these activities, the company has joined the cross-sector “Responsible Lithium Partnership” project. The aim of the project is to reach a shared understanding of responsible management of natural resources with local interest… Continue reading @BMW: BMW Group joins sustainable lithium mining project in Chile001788
GM shuts downs Marketplace, the app that let you buy gas and coffee from your car’s screen
General Motors is shutting down its in-car shopping app, Marketplace, which allowed customers to buy coffee, pay for gas, or make restaurant reservations from the infotainment screen of their vehicles. The service will be discontinued March 2022. (The news was first reported by CNBC.) The app, which was first introduced in 2017, was part of… Continue reading GM shuts downs Marketplace, the app that let you buy gas and coffee from your car’s screen