Inside the industry: Volvo is showing the subscription model can work for cars

It reads like the car enthusiast’s dream: pay a fixed subscription fee and swap to whichever car you want from a brand’s line-up as and when it suits you. Something sensible for the week and a sports car at the weekend? Drive electric day to day but switch to a diesel SUV for those long… Continue reading Inside the industry: Volvo is showing the subscription model can work for cars

German Manager Magazin: Porsche SE: VW subsidiary tightens austerity program until 2025000584

The sports car subsidiary Porsche is tightening its savings program. “In the next five years we are now planning a total of around ten billion euros to secure the result. Originally it was six billion euros,” said CEO Oliver Blume of the “Automobilwoche”. “After 2025 it should be three billion euros a year.” Initially, an… Continue reading German Manager Magazin: Porsche SE: VW subsidiary tightens austerity program until 2025000584

Volkswagen to make decision on Bugatti in H1 – Automobilwoche

By Reuters Staff 2 Min Read FILE PHOTO: A Bugatti Chiron sports car stands in front of the company’s headquarters Chateau St. Jean in Molsheim, France June 6, 2019. Picture taken June 6, 2019. REUTERS/Arnd Wiegmann/File Photo FRANKFURT (Reuters) – Electric hypercar maker Rimac Automobili and Volkswagen’s supercar brand Bugatti are a good technological fit,… Continue reading Volkswagen to make decision on Bugatti in H1 – Automobilwoche

@VW Group: Porsche Taycan Cross Turismo hits the road002450

The Porsche Newsroom is a service provided by the Porsche Communication for journalists, bloggers and the online community. © 2021 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 Vehicles… Continue reading @VW Group: Porsche Taycan Cross Turismo hits the road002450

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Volkswagen in Mexico to suspend Jetta production on Monday and Tuesday

By Reuters Staff 1 Min Read FILE PHOTO: The 2019 Volkswagen Jetta is unveiled during a launch event at the North American International Auto Show in Detroit, Michigan, U.S. January 14, 2018. REUTERS/Brendan McDermid MEXICO CITY (Reuters) – Volkswagen’s Mexico unit said on Friday that a work stoppage on its Jetta model will continue on… Continue reading Volkswagen in Mexico to suspend Jetta production on Monday and Tuesday

Messy European exit to haunt Chinese EV maker Byton

HAMBURG, Germany — Byton, the formerly highflying Chinese electric vehicle startup which recently got a lifeline from Foxconn Technology Group, has largely abandoned its operations in Europe. While moves since October to halt payment of wages and rent will save the struggling carmaker money, they are likely to hinder the startup’s hopes of growing sales in the… Continue reading Messy European exit to haunt Chinese EV maker Byton

VW’s next electric SUV, the ID 5 coupe, will go into production in 2021

Volkswagen confirmed that its next electric vehicle, the ID 5, will start production in Germany in the second half of 2021. The first pilot series of the ID 5 has already started production, the automaker confirmed in a recent tweet. The ID 5 will be a coupe version of the ID 4 compact SUV, which… Continue reading VW’s next electric SUV, the ID 5 coupe, will go into production in 2021

Renault flags difficult year after record $9.7 billion loss

By Reuters Staff 4 Min Read PARIS (Reuters) – Renault Chief Executive Luca de Meo warned of lingering headwinds in 2021 as a shortage of electronic chips added to uncertainties, after the COVID-19 pandemic dragged the French carmaker to an 8 billion euro loss last year. FILE PHOTO: A logo of Renault carmaker is pictured… Continue reading Renault flags difficult year after record $9.7 billion loss

Automakers pause North American production on U.S. winter weather

By Sharay Angulo 3 Min Read MEXICO CITY (Reuters) – Freezing weather that interrupted gas supplies in the southern United States and Mexico was wreaking havoc on Thursday on car manufacturing plants on both sides of the border, with Ford Motor Co, Nissan Motor Co Ltd and Toyota Motor Corp reporting disruptions to their assembly… Continue reading Automakers pause North American production on U.S. winter weather