(Reuters) – Tesla Inc (TSLA.O) has overtaken Germany’s Volkswagen (VOWG_p.DE) as the world’s second most valuable carmaker behind Japan’s Toyota (7203.T), as the meteoric rise in the U.S. electric vehicle maker’s shares reshuffles the global market. FILE PHOTO: A China-made Tesla Model 3 vehicle is seen at a delivery ceremony in the Shanghai Gigafactory of… Continue reading Tesla overtakes Volkswagen as world’s second most valuable carmaker
Tag: VW
Tesla overtakes Volkswagen as value hits $100bn
Tesla has displaced Volkswagen as the world’s second most valuable carmaker, after a dramatic rise in share price pushed its market value to more than $100bn (£76.1bn). The milestone sets the stage for chief Elon Musk to collect billions in pay tied to hitting that target. Tesla’s share price has more than doubled since October,… Continue reading Tesla overtakes Volkswagen as value hits $100bn
Canada prosecutors propose £110m Volkswagen fine
Canadian prosecutors want to fine Volkswagen millions of Canadian dollars over its emissions scandal. Volkswagen was charged in December with importing nearly 128,000 vehicles into Canada that violated emissions standards. The company then pleaded guilty to dozens of counts of diesel emissions violations. Globally the scandal has already cost the company more than €30bn in… Continue reading Canada prosecutors propose £110m Volkswagen fine
Jeep, Suzuki models found to have broken EU emissions rules
FILE PHOTO: The logo of Suzuki is seen on a wheel of Maruti Suzuki Vitara Brezza car during its launch in Mumbai, India, March 8, 2016. REUTERS/Danish Siddiqui/File Photo AMSTERDAM (Reuters) – Fiat Chrysler’s (FCHA.MI) Jeep Grand Cherokee and Suzuki’s (7269.T) Vitara diesel models both break emissions rules and must be fixed or face a… Continue reading Jeep, Suzuki models found to have broken EU emissions rules
UPDATE 2-VW CEO: Seat’s de Meo probably in talks with Renault -CNBC
FRANKFURT/PARIS (Reuters) – The chief executive of Volkswagen (VOWG_p.DE) said Luca de Meo, who stepped down as chief executive of the German carmaker’s Spanish Seat brand this month, was probably in talks with French carmaker Renault (RENA.PA). FILE PHOTO: SEAT President and CEO Luca de Meo poses during an interview at the SEAT car factory… Continue reading UPDATE 2-VW CEO: Seat’s de Meo probably in talks with Renault -CNBC
UPDATE 1-VW CEO: Seat’s de Meo probably in talks with Renault -CNBC
FRANKFURT/PARIS (Reuters) – The chief executive of Volkswagen (VOWG_p.DE) said Luca de Meo, who stepped down as chief executive of the German carmaker’s Spanish Seat brand this month, was probably in talks with French carmaker Renault (RENA.PA). FILE PHOTO: SEAT President and CEO Luca de Meo poses during an interview at the SEAT car factory… Continue reading UPDATE 1-VW CEO: Seat’s de Meo probably in talks with Renault -CNBC
Canadian judge approves C$196.5 mln Volkswagen fine for diesel emissions
Jan 22 (Reuters) – A judge in Canada approved a $196.5 million (CAD) ($149.5 million) fine against Volkswagen AG on Wednesday after the company pleaded guilty to dozens of counts of diesel emissions violations.
Volkswagen was charged in December with importing nearly 128,000 vehicles into Canada violating emissions standards. VW pleaded guilty after being charged with 60 counts of breaching the Canadian Environmental Protection Act and providing misleading information.
Canadian news outlets said the fine was the largest environmental penalty in Canadian history.
Prosecutors had proposed the fine to resolve the issue earlier on Wednesday.
“The resolution acknowledges the extensive measures by Volkswagen to make things right in Canada and strengthen its global compliance policies. The payment from the company will be used to support environmental projects nationally and in the provinces across the country,” Volkswagen said in a statement.
Volkswagen admitted to using illegal software to ..
Continental Online Portal Automates Software Integration for Digitally Connected Vehicle Architectures
Continental Cooperation Portal offers solution for automated software validation as well as integration and shortens development time System integration is a key competency for the development of complex hardware and software for future generations of vehicles Continental Cooperation Portal provides a central communications platform for software projects and can be individually customized Regensburg, January 23,… Continue reading Continental Online Portal Automates Software Integration for Digitally Connected Vehicle Architectures
Tata Nexon EV with 35 connected car features through the ZConnect app and the new connected technology platform “iRA”
After the unveil of Nexon EV – an electric SUV, Tata Motors introduces ZConnect, which offers 35 advanced connected car features that will electrify the driving experience with seamless connection to the Nexon EV. Intuitive and easy to use, this app is designed to meet the aspirations of contemporary and tech-savvy consumers. Through ZConnect, users can experience a… Continue reading Tata Nexon EV with 35 connected car features through the ZConnect app and the new connected technology platform “iRA”
Old PHEV Batteries Get Second Life At EV Bus Charging Station
In the Bergedorf quarter of Hamburg, a container with a total capacity of 500 kWh has been connected to the depot charging network at the Verkehrsbetriebe Hamburg-Holstein (VHH) depot. There, MAN Truck & Bus and VHH want to work together to test how used batteries behave after initial use in vehicles and as a stationary… Continue reading Old PHEV Batteries Get Second Life At EV Bus Charging Station