Norwegian sovereign wealth fund: The world’s largest oil fund has halved its stake in Volkswagen

Stockholm, DusseldorfThe world’s largest oil fund out Norway has his stake in Volkswagen halved last year. As from the list published on Wednesday about all holdings of the world largest sovereign wealth fund shows this end of 2017 VWShares valued at eleven billion kroner (1.1 billion euros). At the end of last year, there were… Continue reading Norwegian sovereign wealth fund: The world’s largest oil fund has halved its stake in Volkswagen

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SEAT futureproofs electric mobility

SEAT will take the wraps off its first all-electric vehicle based on the Volkswagen Group MEB platform at this year’s Geneva Internation Motor Show with the world premiere of its concept car. SEAT’s concept car answers the many questions of what future mobility will look like with a vehicle that still expresses the brand’s core… Continue reading SEAT futureproofs electric mobility

SEAT Minimó, the concept set to revolutionise mobility

A concept car featuring a battery swap system to fully recharge the car in a matter of minutes, lowering carsharing operating costs by up to 50% A 100% electric vehicle that combines the best of a motorcycle and a car Minimó is set to be a city ally offering enhanced mobility and reducing vehicle footprint… Continue reading SEAT Minimó, the concept set to revolutionise mobility

Sporty limited edition: World premiere of the new Passat Variant R-Line Edition at the Geneva International Motor Show

Limited to 2,000 units: Passat Variant R-Line Edition launches with high-end configuration and top-of-the-range engines Travel Assist as standard: New assistance system allows partially-assisted driving up to 210 km/h Countdown to the launch of the extensively upgraded Passat has begun: The update to the Volkswagen bestseller that has sold almost 30 million units over the… Continue reading Sporty limited edition: World premiere of the new Passat Variant R-Line Edition at the Geneva International Motor Show

UPDATE 1-BMW, Daimler pool resources on automated driving technology

FRANKFURT (Reuters) – Daimler and BMW deepened their alliance on Thursday to share development costs for highly automated driving technologies, even as each carmaker continues to pursue separate efforts to develop fully self-driving cars. Harald Kruger, CEO and Chairman of the Board of Management of BMW AG and Dieter Zetsche, CEO of Daimler AG, attend… Continue reading UPDATE 1-BMW, Daimler pool resources on automated driving technology

Volkswagen and Microsoft share progress on strategic partnership

Volkswagen and Microsoft are developing the Volkswagen Automotive Cloud together. Volkswagen Automotive Cloud to be extended to China and USA in addition to Europe – core markets for future ID. Volkswagen and Microsoft develop first lighthouse projects for connected vehicle services Rapid progress with building up Volkswagen’s Development Center in North America Volkswagen and Microsoft… Continue reading Volkswagen and Microsoft share progress on strategic partnership

VW praises Ford’s autonomous tech as partnership talks continue

FILE PHOTO: The President and CEO of Ford Motor Company Jim Hackett, poses with Volkswagen CEO Herbert Diess at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Ben Klayman/File Photo BERLIN (Reuters) – Volkswagen on Wednesday praised its cooperation with Ford and took pains to highlight its rival’s autonomous vehicles… Continue reading VW praises Ford’s autonomous tech as partnership talks continue

ChemChina considers stake sale in Italian tyre maker Pirelli

February 27, 2019 China National Chemical Corp. is considering reducing its stake in Italian tiremaker Pirelli & C. SpA as part of a strategic review of the Chinese group’s overseas investments, according to people familiar with the matter. ChemChina, as the state-owned firm is known, is considering a number of options for its stake, including… Continue reading ChemChina considers stake sale in Italian tyre maker Pirelli

UPDATE 1-Volvo’s Polestar joins electric car race with rival to Tesla 3

STOCKHOLM (Reuters) – Volvo Cars’ luxury performance brand Polestar unveiled its first fully electric sedan on Wednesday, opening up online pre-orders for the five-seater fastback at a price and with a driving range to rival Tesla’s mass market Model 3. A Polestar 2 electric car is seen in Stockholm, Sweden in this undated photo obtained… Continue reading UPDATE 1-Volvo’s Polestar joins electric car race with rival to Tesla 3