07/09/2021 Porsche is taking on responsibility for future generations. As early as 2030, more than 80 per cent of the sports car manufacturer’s vehicles are to be offered with an electric motor. Sustainability is firmly anchored in the company’s strategy as a basic principle: “As a car manufacturer, Porsche aims to achieve a carbon-neutral balance… Continue reading @VW Group: Battery cells are the combustion chamber of the future003795
Tag: VW
@BMW: Contract signed with chassis partner: BMW M Motorsport enters the LMDh class with Dallara.001438
Munich. BMW M Motorsport has taken another important step towards entering the LMDh class in the IMSA WeatherTech SportsCar Championship (IMSA series) from the 2023 season. The chassis for the two prototype cars will be produced in close collaboration with the globally-renowned and successful manufacturer Dallara. The contract was signed on Wednesday at the Dallara… Continue reading @BMW: Contract signed with chassis partner: BMW M Motorsport enters the LMDh class with Dallara.001438
Chinese EV push into Europe sparks price competition
MUNICH — European automakers have begun to announce the rollout of affordable electric vehicles to counter the rise of Chinese competitors in their backyard. Volkswagen unveiled a compact EV, the ID Life, at the International Motor Show, which opened Tuesday and runs through Sunday in Munich. The model is due to go on sale in 2025… Continue reading Chinese EV push into Europe sparks price competition
Business · 8:12 AM UTCJPMorgan to buy majority stake in Volkswagen’s payments businessJPMorgan has struck a deal to buy a majority stake in German car…
Workers are reflected in the windows of the Canary Wharf offices of JP Morgan in London September 19, 2013. REUTERS/Neil Hall LONDON, Sept 8 (Reuters) – JPMorgan (JPM.N) has struck a deal to buy a majority stake in German car giant Volkswagen’s (VOWG_p.DE) payments business ahead of a planned rollout of in-car technology that allows… Continue reading Business · 8:12 AM UTCJPMorgan to buy majority stake in Volkswagen’s payments businessJPMorgan has struck a deal to buy a majority stake in German car…
Autos & Transportation · September 7, 2021 · 10:56 PM UTCVolkswagen to set up venture capital fund in decarbonization pushVolkswagen AG said on Tuesda…
Volkswagen AG CEO Dr. Herbert Diess speaks at a news conference in New York City, New York, U.S., July 12, 2019. REUTERS/Mike Segar Sept 7 (Reuters) – Volkswagen AG (VOWG.DE) said on Tuesday it planned to set up a venture capital fund, which would initially invest 300 million euros ($355.14 million) in decarbonization projects and… Continue reading Autos & Transportation · September 7, 2021 · 10:56 PM UTCVolkswagen to set up venture capital fund in decarbonization pushVolkswagen AG said on Tuesda…
Autos & TransportationIntel to invest up to 80 bln euros in boosting EU chip capacity-CEO4:30 PM UTC
Intel CEO Pat Gelsinger attends an international business leaders’ meeting in Versailles, France June 28, 2021.Stephane de Sakutin/Pool via REUTERS/File Photo Sept 7 (Reuters) – Intel Corp (INTC.O) on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region’s chip capacity and will open… Continue reading Autos & TransportationIntel to invest up to 80 bln euros in boosting EU chip capacity-CEO4:30 PM UTC
@VW Group: Bugatti joins the Pack at Supercar Owners Circle Weekend in Croatia003791
The Supercar Owners Circle (SOC) is renowned for its long-standing collaborations with the leading and most celebrated brands in the automotive industry. Founded in 2014 this highly exclusive group of hyper- and super car owners come together once a year to live up to the power of their automobiles. At the head of this exclusive… Continue reading @VW Group: Bugatti joins the Pack at Supercar Owners Circle Weekend in Croatia003791
Intel says it will reserve Ireland chip factory capacity for automakers
Intel said that several automakers – including BMW AG, Volkswagen AG, Daimler AG and Bosch – had expressed support for its programs. By Stephen Nellis Intel Corp on Tuesday said that it will reserve factory capacity at its semiconductor plant in Ireland for automakers and has created a program to help them transition to making… Continue reading Intel says it will reserve Ireland chip factory capacity for automakers
World NM: Lamborghini Countach left disassembled for 13 years worth $250,000001566
The ultimate kit-car, a “crowd-stopping” Lamborghini that has sat disassembled in storage for 13 years is set to fetch up to £180,000 (~$250,000) at auction. The right-hand-drive 1982 Countach LP5000S, the “poster car of the decade”, will be sold to someone happy to put in the time or money to restore it to its former… Continue reading World NM: Lamborghini Countach left disassembled for 13 years worth $250,000001566
Porsche CEO Says Electric Supercars Will Win Out: Munich Update
(Bloomberg) — Munich plays host this week to IAA Mobility, where European automakers and their suppliers are unveiling wares together for the first time since before Covid. When Germany last held such a forum two years ago, it would have seemed odd to promote a car’s ability to shield passengers from viruses. Semiconductors weren’t on… Continue reading Porsche CEO Says Electric Supercars Will Win Out: Munich Update