FRANKFURT — Volkswagen will manufacture batteries for electric vehicles in Germany with a leading Chinese manufacturer, starting in 2025. The German auto group will build its second EV battery plant in Salzgitter in a joint effort with Guoxuan High-tech to produce low-cost batteries for economy EVs, the company said in a statement on last Tuesday.… Continue reading VW to make EV batteries with China’s Guoxuan in Germany
Tag: VW
EV growth propels Denso to close value gap with Honda and Ford
NAGOYA — Is a car worth more than the sum of its parts? This is a question posed by Japanese automotive supplier Denso’s near dead heat in market capitalization with Honda Motor and Ford Motor. Denso’s market cap stood at 5.78 trillion yen ($52.59 billion) as of Thursday, roughly 70% higher than a year earlier. Honda’s… Continue reading EV growth propels Denso to close value gap with Honda and Ford
SEE | These performance cars from other automakers also carry the ‘GT-R’ insignia | Wheels – News24
1995 McLaren F1 GTR at Le Mans. McLaren Media • BMW and Mercedes-Benz are some of the German automakers that have performance models with GTR in its name. • The first GT-R model from Nissan was launched in 1969. • Performance models with those three letters in its name generally meant it was fast. •… Continue reading SEE | These performance cars from other automakers also carry the ‘GT-R’ insignia | Wheels – News24
German Handelsblatt: Bilanzcheck: “Our lead should be two to three years”: How Volkswagen is tackling the next upheaval002475
Düsseldorf Herbert Diess certifies a bright future for the automotive industry. Because the electric drive makes vehicles cleaner and safer thanks to autonomous driving, interest in one’s own car is likely to increase significantly in the foreseeable future. “I am very optimistic about the future auto business,” said the Volkswagen CEO to the Handelsblatt. But… Continue reading German Handelsblatt: Bilanzcheck: “Our lead should be two to three years”: How Volkswagen is tackling the next upheaval002475
New 2021 Audi RS3 arrives with 394bhp and drift mode
Audi has ushered in a raft of design, technology and powertrain upgrades for the new, third-generation version of its hardcore RS3 mega-hatch. Revealed in hatchback and saloon forms, the RS3 will go on sale in August, priced from £50,900 and £51,900, respectively, with the first customer deliveries due towards the end of the year. Powertrain… Continue reading New 2021 Audi RS3 arrives with 394bhp and drift mode
Daimler’s Maybach, AMG and G-Class will be bundled into new luxury group – Automotive News Europe
BERLIN — Mercedes-Benz owner Daimler will unveil a new business group comprising the AMG, Maybach and G-Class subbrands at the Munich auto show in September. The move will streamline marketing costs and is part of Daimler CEO Ola Kallenius’ plan to boost productivity and profitability, with a focus on high-margin sales. AMG boss Philipp Schiemer… Continue reading Daimler’s Maybach, AMG and G-Class will be bundled into new luxury group – Automotive News Europe
Audi will switch to agency model for EV sales – Automotive News Europe
BERLIN — Audi plans to switch to agency sales for its electric models starting in 2023. Through this model, cars will be sold directly by the brand to end customers, with dealers acting only as intermediaries. So far Audi has been selling its own EVs such as the e-tron and e-tron GT through its authorized… Continue reading Audi will switch to agency model for EV sales – Automotive News Europe
How the government plans to steer UK transport to net-zero by 2030
Despite the outlawing of new petrol and diesel car and van sales in the UK being eight-and-a-half years away, 2030 is writ large within the automotive industry. It’s also at the forefront of the minds of those who work at the Department for Transport – not least Rachel Maclean, the Conservative MP for Redditch who… Continue reading How the government plans to steer UK transport to net-zero by 2030
Under the skin: We need to torque about Audi’s new drift tech
The forthcoming new Audi RS3 comes equipped with a new Torque Splitter rear-axle torque-vectoring system that does away with rear differential gears and replaces them with two ‘wet’ clutch packs. The downside of a conventional differential is that it allows one wheel to spin if it loses traction, and in powerful cars that becomes a… Continue reading Under the skin: We need to torque about Audi’s new drift tech
German Manager Magazin: Volkswagen: Sales are falling in China of all places000952
The brands of Volkswagen-Group delivered almost five million vehicles worldwide between January and June. That was 28 percent more than in the first half of 2020, the group announced on Friday. At that time, during the peak of the first corona wave, the temporary closings of plants and dealers as well as the collapse in… Continue reading German Manager Magazin: Volkswagen: Sales are falling in China of all places000952