Volkswagen production in Emden The Wolfsburg-based company was unable to produce several 100,000 cars this year because of the shortage of chips. (Photo: dpa) Munich, Düsseldorf The warning from VW’s purchasing director Murat Aksel could not have been more urgent: “We are facing the toughest six weeks,” he said in an interview with Handelsblatt in… Continue reading German Handelsblatt: Supply of semiconductors: signals for a turnaround in the chip shortage: VW and Daimler employ thousands of seasonal workers
Tag: VW
Renault “targets 90% of purely electric cars by 2030”, says its boss
Ten years ago, Renault was a pioneer in the electric market. Today, the group seems to lag behind some of its competitors. How do you explain it? When I arrived, I discovered a group with a lot of potential, skills, and above all experience. Renault has actually entered this market almost at the same time… Continue reading Renault “targets 90% of purely electric cars by 2030”, says its boss
Automotive: Renault announces a “historic acceleration” on the electric
No, Renault is not behind Volkswagen or its European rivals to negotiate the accelerated shift towards the electric car. This is the message that the manufacturer wanted to convey on Wednesday morning, by presenting “a historic acceleration” of its strategy. It will result, among other things, by 90% 100% electric vehicle for the Renault brand… Continue reading Automotive: Renault announces a “historic acceleration” on the electric
German Manager Magazin: Volkswagen: VW wants to go to the highest court in the diesel scandal in the USA000911
Volkswagen has in a US legal dispute about possible further high fines in the “Dieselgate“Scandal suffered a major defeat. The Ohio Supreme Court ruled Tuesday that the state can pursue sanctions against the automaker for systematic exhaust gas manipulation that go beyond the penalties already agreed at the US federal level. For VW, regional procedures… Continue reading German Manager Magazin: Volkswagen: VW wants to go to the highest court in the diesel scandal in the USA000911
German Handelsblatt: Car manufacturer: VW threatens new billions in fines in the USA in the diesel scandal002333
Volkswagen The group has already booked costs of around 32 billion euros for the scandal – mostly for fines in the USA. (Photo: dpa) Columbus Volkswagen suffered a major defeat in a US legal battle over possible further high fines in the “Dieselgate” scandal. The Ohio Supreme Court ruled Tuesday that the state can pursue… Continue reading German Handelsblatt: Car manufacturer: VW threatens new billions in fines in the USA in the diesel scandal002333
German Handelsblatt: Car manufacturer: VW threatened with new billions in fines in the USA in the diesel scandal002331
Volkswagen The group has already booked costs of around 32 billion euros for the scandal – mostly for fines in the USA. (Photo: dpa) Columbus Volkswagen suffered a major defeat in a US legal battle over possible further high fines in the “Dieselgate” scandal. The Ohio Supreme Court ruled Tuesday that the state can pursue… Continue reading German Handelsblatt: Car manufacturer: VW threatened with new billions in fines in the USA in the diesel scandal002331
Tesla stock slips as UBS slashes its price target by 10%, citing slowing demand in China (TSLA)
Tesla TKed Wall Street’s expectations. Xinhua/Ding Ting via Getty Images The rise in popularity of Chinese electric vehicle brands like BYD, Nio, and XPeng represent a growing threat to Tesla’s dominance, UBS said in a note on Tuesday. The bank reduced its Tesla price target by 10% to $660 from $730, representing a potential decline… Continue reading Tesla stock slips as UBS slashes its price target by 10%, citing slowing demand in China (TSLA)
Rimac Automobili founder Mate Rimac shares lessons from bootstrapping an EV company
‘We had situations where I can’t even start to explain what we survived’ Kirsten Korosec 7 hours Mate Rimac’s founder story has the makings of automotive folklore. He started Rimac Automobili in his garage in 2009 as a literal one-person operation that has grown to a company with more than 1,000 employees, supply contracts with… Continue reading Rimac Automobili founder Mate Rimac shares lessons from bootstrapping an EV company
Europcar Rejects Takeover Bid
The rejection of the VW bid comes as car rental companies have experienced a reversal of fortune since the pandemic lows one year ago. Photo courtesy of Europcar. Europcar Mobility Group has rejected a bid for its takeover, according to a statement by the company. “After studying this proposal carefully, the Board of Directors of the… Continue reading Europcar Rejects Takeover Bid
Exclusive: Jaguar’s luxury reinvention to start from £100k
Jaguar Land Rover CEO Thierry Bolloré has shone new light on his plans to reinvent Jaguar as a luxury car brand. Bolloré’s ‘Reimagine’ strategy has already revealed plans to reposition Jaguar and take it all-electric with a whole new product range arriving from 2025. But in his first interview since taking charge of JLR last… Continue reading Exclusive: Jaguar’s luxury reinvention to start from £100k