A Volkswagen joint venture in China is buying green car credits from Tesla to help stay within local environmental rules, according to a Reuters report. The deal, the first of its kind to be reported between the two companies in China, highlights the scale of the task VW faces to transform its huge petrol carmaking… Continue reading VW China venture buys green credits from Tesla to meet local rules
Tag: VW
China Tech Digest: ByteDance’s Valuation Closes To $400bn; Volkswagen May Buy Carbon Credits
London, United Kingdom – October 05, 2018: Close-up shot of musical.ly Inc.’s popular app TikTok – including musical.ly. ByteDance’s valuation is reported to be close to US$400 billion Several people familiar with the matter said today that for private equity investors, the valuation of ByteDance, the parent company of Douyin, is approaching US$400 billion. If… Continue reading China Tech Digest: ByteDance’s Valuation Closes To $400bn; Volkswagen May Buy Carbon Credits
Starving for more chips in a tech-hungry world
Supplies of many models were tight even before the chip shortage because automakers were having trouble making up for production lost to the pandemic. SAN RAMON: As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport… Continue reading Starving for more chips in a tech-hungry world
April Fools Day 2021: the car industry’s best and worst jokes
In what has become a tradition for the car industry, April Fools’ Day has been marked with a wave of fake news stories. The gags are usually harmless fun and do well to lighten the mood, which is no bad thing in the midst of a global pandemic. However, as you may already have read, a… Continue reading April Fools Day 2021: the car industry’s best and worst jokes
Tesla is selling electric car credits to Volkswagen in China
A new report states that Tesla is selling electric car credits to Volkswagen in China, as the latter hasn’t managed to catch up to the zero-emission mandate yet. In 2018, China implemented a zero-emission mandate to force automakers to build more electric vehicles in the country. By the end of last year, automakers had to… Continue reading Tesla is selling electric car credits to Volkswagen in China
Premium SUVs fastest selling used cars in March as dealers see fastest stock turn of 2021
Premium brand SUVs led the fastest selling used cars in March. According to eBay Motors Group this was a result if buyers, cooped up in lockdown, turning their attention to aspirational purchases. According to it’s Market View, Volkswagen’s Touareg was the fastest selling model in March, taking an average of just 29 days to sell… Continue reading Premium SUVs fastest selling used cars in March as dealers see fastest stock turn of 2021
@VW Group: Volkswagen of America reports Q1 2021 sales results002779
Apr 1, 2021 CLICK HERE FOR PDF Volkswagen of America Q1 2021 Sales * Discontinued model sales include the Beetle, Beetle Convertible, CC, Golf SportWagen, Tiguan Limited and Touareg vehicles. About VolkswagenFounded in 1955, Volkswagen of America, Inc. is an operating unit of Volkswagen Group of America and a subsidiary of Volkswagen AG, with… Continue reading @VW Group: Volkswagen of America reports Q1 2021 sales results002779
@VW Group: ExxonMobil and Porsche test lower-carbon fuel in race conditions002782
03/30/2021 ExxonMobil and Porsche are testing advanced biofuels and renewable, lower-carbon eFuels as part of a new agreement to find pathways toward potential future consumer adoption. The first iteration of Esso Renewable Racing Fuel is a blend of primarily advanced biofuels and is specially formulated by ExxonMobil’s in-house team of scientists and engineers. With analysis… Continue reading @VW Group: ExxonMobil and Porsche test lower-carbon fuel in race conditions002782
Volkswagen pulls name-change stunt after it backfires on social media
WASHINGTON (Reuters) -Volkswagen AG’s U.S. unit apologized on Wednesday after a false statement it issued about a name change was widely slammed on social media. FILE PHOTO: A Volkswagen logo is show with an American flag at a car dealership in Carlsbad, California, U.S., September 23, 2020. REUTERS/Mike Blake/File Photo The company acknowledged that the… Continue reading Volkswagen pulls name-change stunt after it backfires on social media
SMIC Profit Up 43.3% In 2020 But Growth Uncertainty Lingers
SMIC officially released its 2020 financial report, indicating that as of December 31, 2020, the company’s annual revenue was US$3.907 billion, an increase of 25.4%. Its gross profit was US$921 million, an increase of 43.3%, while attributable profit attributable to the company was US$716 million, an increase of 204.9%. In 2019, under the uncertainties of… Continue reading SMIC Profit Up 43.3% In 2020 But Growth Uncertainty Lingers