Last week, Volkswagen’s top management had a meeting behind closed doors, and one of the topics that were discussed was keeping Herbert Diess as CEO despite clashes with union representatives. The company’s executives also talked about their five-year investment plan, along with the future of the Wolfsburg plan… (continue reading…) Go to Source
Tag: VW
China’s Biggest Carmaker Eyes $157 Million for Mobility Division
(Bloomberg) — SAIC Motor Corp. is planning a fresh round of fundraising for its mobility service platform Xiangdao Chuxing, according to people familiar with the matter, as it seeks to stay competitive amid shifts in the automotive industry. Most Read from Bloomberg China’s biggest carmaker, which counts Volkswagen AG and General Motors Co. as partners,… Continue reading China’s Biggest Carmaker Eyes $157 Million for Mobility Division
Thomas Schafer: ‘India 2.5 is an initial idea but maybe it has a 3.0 and a 4.0’
On October 14, the Volkswagen Group gave Skoda Auto full charge for developing the Group’s existing MQB-A0 Global Platform. The move comes on the heels of Skoda’s specially adapted MQB-A0-IN platform for the Indian market. Skoda is drawing on its high level of development expertise, ability to coordinate complex Group projects and experience in entry-level… Continue reading Thomas Schafer: ‘India 2.5 is an initial idea but maybe it has a 3.0 and a 4.0’
Stellantis, Mercedes-Benz invest in solid-state battery developer Factorial Energy
Factorial Energy, a startup working on solid-state batteries for electric vehicles, has added two more major automakers to its investor sheet: Mercedes-Benz and Stellantis, both of which plan to co-develop batteries in separate joint collaboration agreements. Mercedes, a brand of Daimler AG, said it invested a “double-digit million dollar” amount in Factorial. Stellantis declined to… Continue reading Stellantis, Mercedes-Benz invest in solid-state battery developer Factorial Energy
Deals · 4:42 PM UTCVolkswagen CEO, under fire over strategy, positive over recent talksVolkswagen CEO Herbert Diess, currently under heavy fire from u…
Volkswagen CEO Herbert Diess looks on during his visit to Volkswagen’s electric car plant in Zwickau, Germany, June 23, 2021. REUTERS/Matthias Rietschel/File Photo Register now for FREE unlimited access to reuters.com Register Volkswagen CEO takes positive tone at manager meeting Supply chain easing and outlook on the up, Diess said Discussions underway to assemble ID.3… Continue reading Deals · 4:42 PM UTCVolkswagen CEO, under fire over strategy, positive over recent talksVolkswagen CEO Herbert Diess, currently under heavy fire from u…
IONITY announces €700-million investment to expand charging network
European charging network IONITY has secured €700 million in new investment from current shareholders and a new investor: the BlackRock Global Renewable Power platform. This investment will enable IONITY to quadruple the number of its high-power 350 kW charging points to 7,000 by 2025. The new charging points will be situated on motorways, near major… Continue reading IONITY announces €700-million investment to expand charging network
Holoride debuts Ride crypto, the currency of its in-car metaverse
Holoride, the Audi-backed startup that’s creating an in-vehicle virtual reality entertainment system designed for passengers, has begun publicly selling its Ride cryptocurrency token. The launch of the crypto is the latest move by Holoride to build up its extended reality (XR) ecosystem of games and experiences created by a community of developers. Vehicle passengers keen… Continue reading Holoride debuts Ride crypto, the currency of its in-car metaverse
Electric vehicle sales in Europe hit a new monthly record
November 30, 2021 Posted by: Jorge Platero Category: Faconauto News According to data from JATO Dynamics, a total of 181,300 units were registered in Europe in October. October marked a new monthly record for the sale of electric vehicles in Europe. All this, despite the microchip crisis and the uncertainty generated by the arrival of… Continue reading Electric vehicle sales in Europe hit a new monthly record
GM’s Mary Barra Pressed To Acknowledge Tesla, Avoids And Refuses – InsideEVs
Kudos to CNBC’s Andrew Sorkin for carrying out a real interview here. He asked General Motors CEO Mary Barra the hard questions – primarily about Tesla – though she avoided answering them at all costs. Sorkin took it a step further by repeatedly pressing Barra to at least so much as acknowledge Tesla’s lead, success, etc., but she… Continue reading GM’s Mary Barra Pressed To Acknowledge Tesla, Avoids And Refuses – InsideEVs
BMW combines M legacy and rockstar esthetic into a quick V8 hybrid SUV
BMW couldn’t mark the 50th anniversary of its high-performance M division with any ol’ concept vehicle. Instead, the German automaker tapped into a rock star aesthetic that would make David Lee Roth proud with a plug-in hybrid concept that merges V8 power with next level M design. The XM SUV plug-in hybrid concept — suitably… Continue reading BMW combines M legacy and rockstar esthetic into a quick V8 hybrid SUV