Ford Motor Co. does not intend to build all-electric Super Duty pickup trucks, a top Ford executive told industry analysts Monday. “At the moment, we do not have any plans to go into heavy duty with battery-electric vehicles,” said Kumar Galhotra, president, Americas and International Markets Group, during a forum hosted by Dan Levy of Credit Suisse. The bestselling… Continue reading Ford exec reveals company has no plans to make all-electric Super Duty pickup trucks
Tag: VW
Lidar startup Aeva to go public via $2.1 billion SPAC merger
Aeva, a Mountain View, California-based lidar company started by two former Apple engineers and backed by Porsche SE, is merging with special purpose acquisition company InterPrivate Acquisition Corp., with a post-deal market valuation of $2.1 billion. The deal with InterPrivate, which is led by private equity investor Ahmed Fattouh, is expected to close by early… Continue reading Lidar startup Aeva to go public via $2.1 billion SPAC merger
Fiat Chrysler faces up to $840 million in potential new U.S. regulatory costs
By David Shepardson 3 Min Read WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCA) disclosed it could face costs of up to 722 million euros ($840 million) to resolve a Justice Department investigation into excess diesel emissions and as a result of higher fuel economy penalties. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is… Continue reading Fiat Chrysler faces up to $840 million in potential new U.S. regulatory costs
Continental to Handle Tire Service for EV Fleet of Ride-sharing Provider MOIA
Conti360° Fleet Solutions contract covers VW subsidiary’s entire EV fleet 24/7 tire service means lower downtimes for MOIA All-season tire offers good handling properties and greater safety Hanover, Germany, November 2, 2020 Continental and MOIA are joining forces to help deliver the sustainable mobility of the future. The premium tire manufacturer is supporting MOIA, a… Continue reading Continental to Handle Tire Service for EV Fleet of Ride-sharing Provider MOIA
German Manager Magazin: Ford and Volvo agree on CO2 alliance000289
The American automaker ford tries to avoid the impending CO2 penalties in Europe through an alliance with the Swedish competitor Volvo. The companies registered their alliance with the European Union on Thursday. Ford will meet the stricter rules for CO2 emissions that have been in effect since this year together with Volvo, according to company… Continue reading German Manager Magazin: Ford and Volvo agree on CO2 alliance000289
German Manager Magazin: Audi: Higher Regional Court confirms squeeze-out, Volkswagen subsidiary leaves stock exchange000289
Volkswagen can as planned the minority shareholdersAudipush out and his daughter from the Stock exchange to take. The Munich Higher Regional Court granted the application to release the squeeze-out, said CFO Arno Antlitz (50) on Friday at a conference call on the quarterly figures. The transfer resolution passed by the general meeting at the end… Continue reading German Manager Magazin: Audi: Higher Regional Court confirms squeeze-out, Volkswagen subsidiary leaves stock exchange000289
Nidec plans $2bn EV motor factory in Europe for bet beyond China
KYOTO — Japan’s Nidec will spend about 200 billion yen ($1.9 billion) to build an electric vehicle motor factory in Serbia, Nikkei has learned, as the company looks to expand its foothold in Europe, whose EV market rivals that of China. The motor manufacturer is apparently in the final stages of talks with local authorities on… Continue reading Nidec plans $2bn EV motor factory in Europe for bet beyond China
FCA expects to pay $259M in criminal settlement over alleged diesel emissions cheating
Fiat Chrysler Automobiles NV disclosed the probable loss for a federal criminal settlement over allegations of cheating on diesel emissions tests to be almost $259 million. The notice was made in the company’s third-quarter financial filing with the U.S. Securities & Exchange Commission after the Italian American automaker this week shared record financial results. An FCA spokesman declined to comment on… Continue reading FCA expects to pay $259M in criminal settlement over alleged diesel emissions cheating
@VW Group: Volkswagen brand recovers from Covid-19 slump in third quarter and confirms outlook
After the pandemic-related slump in the first half of the year, business performance at the Volkswagen Passenger Cars brand recovered noticeably in the period from July to September. With 1.5 million vehicles delivered worldwide, the core brand of the Volkswagen Group delivered almost as many vehicles to customers in the third quarter of 2020 as… Continue reading @VW Group: Volkswagen brand recovers from Covid-19 slump in third quarter and confirms outlook
@VW Group: ŠKODA AUTO achieves operating profit of 469 million euros in first three quarters of 2020
ŠKODA AUTO gained considerable momentum in the third quarter following the heavy burden on the company’s deliveries and financial figures in the first half of the year due to the extensive restrictions imposed worldwide to contain the first wave of the COVID-19 pandemic. ŠKODA AUTO was able to deliver 295,200 vehicles to customers thanks to… Continue reading @VW Group: ŠKODA AUTO achieves operating profit of 469 million euros in first three quarters of 2020