Moreover, the effective price should be maintained even when the federal tax credit is gone According to Scott Keogh, Volkswagen of America CEO, the upcoming ID.4 all-electric car, in the U.S. market should be effectively available from the low– to mid-$30,000 range after including the federal tax credit. Considering $7,500 incentive, the MSRP should be then $40,000-$42,500… Continue reading VW ID.4 Price Expected To Be In Low To Mid $30,000 Range After Credit
Tag: VW
Audi accelerates electric vehicle plans with $12 billion investment
Audi has announced an acceleration of its electric vehicle plans with an updated investment schedule, including €12 billion in electric vehicles. The German automaker announced upfront expenditure totaling approximately €37 billion for the years of 2020 through 2024. Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG, announced more… Continue reading Audi accelerates electric vehicle plans with $12 billion investment
Toyota dealers top profitability charts for electric and plug-in cars
The Toyota dealer network is the most satisfied with the profit they are making on electric and plug-in cars compared to petrol and diesel models. That’s a key conclusion of the latest Electric Vehicle NFDA Dealer Attitude Survey which looked at those networks who currently have at least one new plug-in hybrid or pure electric… Continue reading Toyota dealers top profitability charts for electric and plug-in cars
Vospers sells former Fiat and Alfa Romeo dealership in Exeter
A former Vospers motor dealership in Exeter has been sold for £1.7m to Ability Matters Group. The site is a former Fiat and Alfa Romeo showroom, comprising two showrooms totalling 12,246 sq ft. Will Jolly, consultant within the automotive and roadside department at colliers international, which brokered the deal, said: “This deal highlights the ongoing… Continue reading Vospers sells former Fiat and Alfa Romeo dealership in Exeter
@VW Group: Audi increases upfront expenditure for electric mobility
AUDI AG has planned a total amount of approximately €37 billion for research and development expenditure and investment in property, plant and equipment over the next five years. Against the backdrop of its roadmap towards electrification, the manufacturer is planning upfront expenditure of €12 billion solely for electric mobility – more than ever before. The… Continue reading @VW Group: Audi increases upfront expenditure for electric mobility
Daimler to ax at least 10,000 jobs in latest car industry cuts
FRANKFURT (Reuters) – Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany,… Continue reading Daimler to ax at least 10,000 jobs in latest car industry cuts
UPDATE 3-Daimler to axe at least 10,000 jobs in latest car industry cuts
FRANKFURT (Reuters) – Daimler said on Friday it will cut at least 10,000 jobs worldwide over the next three years, following others in the industry as they cut costs to invest in electric vehicles while grappling with weakening sales. FILE PHOTO: The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany,… Continue reading UPDATE 3-Daimler to axe at least 10,000 jobs in latest car industry cuts
Audi To Cut Over 10% Of Its Staff By 2025: Focus On EVs
The German manufacturer intends to cut up to 9,500 jobs and save billions for investment in electrification and digitalization Audi announced yesterday that by 2025 it will reduce its workforce in Germany by up to 9,500, which is some 10.6% of total staff. That should translate into $6 billion ($6.6 billion) of savings by 2029,… Continue reading Audi To Cut Over 10% Of Its Staff By 2025: Focus On EVs
VW subsidiary: Audi invests 37 billion euros in future business
Audi The VW subsidiary from Ingolstadt is investing billions in development. (Photo: AP) Munich With investments worth billions Audi into the race with the electric car maker Tesla and the old rival BMW and Mercedes. In the next five years would be 37 billion for research, Development and capital investment planned, said the VolkswagenDaughter on… Continue reading VW subsidiary: Audi invests 37 billion euros in future business
BMW, Great Wall to build new China plant for electric cars
FILE PHOTO: A Mini car is fixed onto a wall at a BMW and Mini dealership in Barcelona, Spain June 2, 2017. REUTERS/Albert Gea/File Photo MUNICH (Reuters) – BMW (BMWG.DE) and its partner Great Wall Motor (601633.SS) said they plan to build a plant in China with a capacity of 160,000 cars per year, and… Continue reading BMW, Great Wall to build new China plant for electric cars