As the world enters 2021 with a cautious optimism, its global markets are still feeling many of the repercussions of the COVID-19 pandemic that have yet to be eradicated. Many people have pivoted toward remote work. This has increased smartphone and laptop demand, leading to shortages of essential components like semiconductors. One industry that is… Continue reading Global semiconductor shortage could stymie EV manufacturers in 2021
Tag: VW
@VW Group: Porsche SE: Group result after tax for the fiscal year 2020 expected to reach approximately 2.6 billion euro based on current knowledge
Stuttgart, 12 February 2021. The group result after tax of Porsche Automobil Holding SE (Porsche SE), Stuttgart, for the fiscal year 2020 is expected to reach approximately 2.6 billion euro based on current knowledge. The group result after tax of Porsche SE is influenced significantly by the attributable at equity result from the capital stake in Volkswagen… Continue reading @VW Group: Porsche SE: Group result after tax for the fiscal year 2020 expected to reach approximately 2.6 billion euro based on current knowledge
@VW Group: ŠKODA AUTO and energy services provider ČEZ expand photovoltaic systems at the Mladá Boleslav plant
ŠKODA AUTO CEO, Thomas Schäfer, said: “As a global car manufacturer, we take our responsibility for the climate and the environment very seriously and are implementing long-term measures as part of our GreenFuture strategy. We are pushing ahead with the development of energy-efficient and zero-emission vehicles, for example, and are converting our entire vehicle and… Continue reading @VW Group: ŠKODA AUTO and energy services provider ČEZ expand photovoltaic systems at the Mladá Boleslav plant
Elon Musk says he wants the new Tesla Roadster to be able to hover ‘without, you know, killing people’
Elon Musk said he wanted the next Roadster to be able to hover “like a meter” off the ground. He told Joe Rogan he was trying to work out how to do this “without, you know, killing people.” Musk has already promised some versions of the Roadster will come with rocket thrusters. Visit the Business… Continue reading Elon Musk says he wants the new Tesla Roadster to be able to hover ‘without, you know, killing people’
A top VC explains how Rivian can target a $50 billion IPO valuation, 35 times bigger than Tesla’s 2010 debut (TSLA)
Tesla’s success and pro-EV regulations could help Rivian target a $50 billion IPO valuation. The young startup has advantages over some EV companies that went public in 2020, a top VC says. They include experience, big-name backers, and a smart strategy. Visit the Business section of Insider for more stories. Rivian is looking to follow… Continue reading A top VC explains how Rivian can target a $50 billion IPO valuation, 35 times bigger than Tesla’s 2010 debut (TSLA)
VW explores feasibility of building flying cars – Automotive News Europe
HAMBURG — Volkswagen Group is conducting a feasibility study into flying cars, joining a growing number of companies looking into the potential technology. “Beyond autonomous driving the concept of vertical mobility could be a next step to take our mobility approach into the future, especially in the Chinese market,” VW said on Tuesday. “Therefore, we… Continue reading VW explores feasibility of building flying cars – Automotive News Europe
Tesla Might Finally Have Some Competition. From Ford.
The Mustang Mach-E and the Volkswagen ID.4, which is due in dealerships in March, go about 250 miles on a full charge — about the same as the cheapest version of Tesla’s Model Y — and start at about $43,000 and $40,000. The base Model Y starts at about $42,000, but the Ford and Volkswagen… Continue reading Tesla Might Finally Have Some Competition. From Ford.
The Pandemic Sank Auto Sales. Vaccines Could Bring Buyers Back.
Tesla, the world’s most valuable automaker by far, said on Saturday that globally it sold 500,000 cars in 2020, up 36 percent from the year before. The company does not break its sales down by country or continent. Updated Feb. 11, 2021, 5:23 p.m. ET Ford Motor and most other automakers are expected to report… Continue reading The Pandemic Sank Auto Sales. Vaccines Could Bring Buyers Back.
Fiat Chrysler and Peugeot Approve a Merger They Need to Survive
Shareholders of Fiat Chrysler Automobiles and PSA, the French maker of Peugeot, Citroën and Opel cars, voted on Monday to merge in an effort to acquire the scale necessary to survive in an industry gripped by technological change and pummeled by the pandemic. The new company, to be called Stellantis, will employ 400,000 people and… Continue reading Fiat Chrysler and Peugeot Approve a Merger They Need to Survive
German Automakers Are Charged Up and Ready to Take on Tesla
Next year, Mercedes, a division of Daimler, will introduce the EQS, a battery-powered counterpart to the company’s top-of-the-line S-Class. The EQS, which will cost more than $100,000, will be the first vehicle built with Mercedes’s so-called electric vehicle architecture, the same idea as Volkswagen’s modular toolbox. Daimler says the EQS will be able to travel… Continue reading German Automakers Are Charged Up and Ready to Take on Tesla