LG Chem Wroclaw Energy, the Polish subsidiary of South Korea’s top chemical firm LG Chem Ltd., has signed a 480 million-euro (US$530 million) loan agreement with the European Investment Bank (EIB).The television assembly factory is located next to LG Chem’s EV battery plant in Wroclaw.LG Chem supplies EV batteries to 13 of the top 20 car brands, including German automaker Volkswagen, French carmaker Renault, American auto giant General Motors and South Korea’s largest carmaker, Hyundai Motor.
Tag: VW
Volkswagen’s Skoda extends Czech factory outages to April 14
FILE PHOTO: Workers leave Skoda Auto factory after the company stopped the production for the next two weeks to prevent the spread of the coronavirus disease (COVID-19) in Mlada Boleslav, Czech Republic, March 18, 2020. REUTERS/David W Cerny/File Photo PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of the Volkswagen Group (VOWG_p.DE), will extend a… Continue reading Volkswagen’s Skoda extends Czech factory outages to April 14
Porsche set to launch 3D printed personalized bucket seats
Porsche, known for its high-performance sports cars, has announced the development of its new 3D printed personalized bucket seats. The “bodyform full bucket seat” will initially be limited to 40 prototypes for use on European race tracks as early as May 2020, with customer feedback being used to develop the final street-legal models for mid… Continue reading Porsche set to launch 3D printed personalized bucket seats
Hyundai to suspend car production of cars at St. Petersburg plant during week off
MOSCOW, March 26. / TASS /. Hyundai will suspend car production at its plant in St. Petersburg between March 30 to April 3 in connection with a presidential decree on the announcement of a non-working week in the country, the company said in a statement on Thursday.
“Hyundai Motor Company announces that, according to the decree of the Russian President, in connection with the difficult epidemiological situation associated with the spread of coronavirus, Hyundai Motor Manufacturing Rus plant will suspend production for the period of March 30 to April 3,” the company said.
Earlier, the Nissan plant in St. Petersburg announced a suspension of production for a week for the same reason.
Earlier this week automakers began to suspend production at their Russian factories due to problems with the supply of parts. Volkswagen and PSA have already announced a downtime, while Sollers also announced the risk of suspension of production of cars at UAZ and Ford Sollers. A significant part of the tota..
@VW Group: Volkswagen extends suspension of production
At the German plants of the Volkswagen Passenger Cars brand, Volkswagen Commercial Vehicles and Volkswagen Group Components, production has been suspended for a further four days until April 9. Volkswagen is responding especially to the fall in demand on the automobile market and the challenges faced by the supply chain At the same… Continue reading @VW Group: Volkswagen extends suspension of production
@VW Group: Volkswagen brand offers dealers extensive liquidity support
Together with Volkswagen Bank, the Volkswagen Passenger Cars brand has created a comprehensive package of measures to strengthen the liquidity of its dealers. In addition to offering extended payment deadlines, temporary increases in credit lines and improved interest conditions, bonuses and incentives are to be brought forward and audits are to be suspended. The objective… Continue reading @VW Group: Volkswagen brand offers dealers extensive liquidity support
UPDATE 1-Volkswagen extends production halt as demand sinks and supply chains falter
(Updates with details) FRANKFURT, March 26 (Reuters) – Volkswagen , the world’s biggest carmaker, said on Thursday that it will extend stops to production in Germany as it deals with fallout from the coronavirus outbreak. The German carmaker, which owns the Audi, Bentley, Bugatti, Ducati, Lamborghini, Porsche, Seat and Skoda brands, said that it was… Continue reading UPDATE 1-Volkswagen extends production halt as demand sinks and supply chains falter
@VW Group: For every terrain and requirement: ŠKODA offers a wide range of models with 4×4 drive
From the 1999 market launch of ŠKODA’s first all-wheel-drive model – the OCTAVIA COMBI 4×4 – to the end of 2019, ŠKODA delivered more than one million vehicles with 4×4 drive. In 2019 alone, ŠKODA AUTO produced more than 157,000 4×4 vehicles in the OCTAVIA, SUPERB, KAROQ and KODIAQ series. Around 60% of all customers… Continue reading @VW Group: For every terrain and requirement: ŠKODA offers a wide range of models with 4×4 drive
@VW Group: ŠKODA G-TEC models “make an important, additional contribution to reducing CO2 emissions”
What role will natural gas (CNG) play in ŠKODA’s fuel/energy mix over the coming years? Philip Paul: Even though electric mobility will be the leading technology over the next few years, CNG technology is set to make an important, additional contribution to reducing CO₂ emissions. It’s cleaner, with fuel costs lower than those of conventional… Continue reading @VW Group: ŠKODA G-TEC models “make an important, additional contribution to reducing CO2 emissions”
@VW Group: Immediate measures implemented: Porsche extends its social commitment
The Porsche Newsroom is a service provided by the Porsche Communication for journalists, bloggers and the online community. © 2020 Dr. Ing. h.c. F. Porsche AG * Data determined in accordance with the measurement method required by law. Since 1 September 2017 certain new cars have been type approved in accordance with the Worldwide Harmonised Light… Continue reading @VW Group: Immediate measures implemented: Porsche extends its social commitment