LG confirms it’s shutting down its mobile business

The reports out of its native Korea were correct, LG is shutting down its mobile business. With losses continuing to mount, and billions of dollars seemingly squandered on quirky handsets, the electronics giant has officially thrown in the towel on its struggling phone division. In a statement, the company said “Moving forward, LG will continue… Continue reading LG confirms it’s shutting down its mobile business

Top Automotive Industry News for Week of March 22 – March 28, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of March 22, 2021 – March 28, 2021. We hope it helps you stay up to speed on the key developments in our industry: -Automotive Executives Association (AEA) News- The AEA is excited to open our unique… Continue reading Top Automotive Industry News for Week of March 22 – March 28, 2021

Stellantis’ challenges start from the role and geography of the brands

3 ‘of reading The challenges that await Stellantis, the newly formed fourth world group born from the merger of PSA and FCA, are many, some with some degree of criticality, others that promise to be fascinating once hit. The main issue on the table of CEO Carlo Tavers is the one concerning the identity and… Continue reading Stellantis’ challenges start from the role and geography of the brands

The 2030 milestone: the supply of cars becomes 100 percent electric

3 ‘of reading There are less than 10 years to a real revolution in the offer of car manufacturers. From 2030, in fact, brands such as Volvo and Ford will definitively say goodbye to the presence of thermal models in their price lists. No petrol or diesel version in hybrid version but only electric cars.… Continue reading The 2030 milestone: the supply of cars becomes 100 percent electric

Sport Cars – The WEVC Coupé is a classic Porsche-style electric car that weighs less than 1,000 kg and is worth almost 100,000 euros. – Explica .co – Fintech Zoom

ADVERTISEMENT Sport Cars – The WEVC Coupé is a classic Porsche-style electric car that weighs less than 1,000 kg and is worth almost 100,000 euros. – Explica .co When we think of an electric car, perhaps the first thing that comes to mind is a contemporary design (most likely, with something blue), but those from… Continue reading Sport Cars – The WEVC Coupé is a classic Porsche-style electric car that weighs less than 1,000 kg and is worth almost 100,000 euros. – Explica .co – Fintech Zoom

Volkswagen Group and bp partner to expand ultra-fast charging across Europe

Volkswagen and bp have announced a partnership to deploy DC fast charging facilities at bp and Aral retail sites in the UK, Germany and elsewhere in Europe. Oil giant bp aims to grow its public charging network to over 70,000 charging points worldwide by 2030. In the UK, bp pulse, the company’s charging arm, plans… Continue reading Volkswagen Group and bp partner to expand ultra-fast charging across Europe

VW China venture buys green credits from Tesla to meet local rules

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

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