Volkswagen AG is reworking its battery-purchasing plan worth about 50 billion euros ($56 billion) over concerns a supply deal with Samsung SDI Co. Ltd. might unravel, according to people familiar with the matter.
Tag: VW
Sixt Launches Carsharing Service in Munich
The Munich Sixt share business area extends from Solln to Milbertshofen and from Pasing to Bogenhausen. Photo via John Morgan/Flickr. Following its launch in Berlin and Hamburg, the carsharing service Sixt share is now also available in Munich. Besides the option of conventional car rental or booking a taxi or driving service via Sixt ride, customers can now also use… Continue reading Sixt Launches Carsharing Service in Munich
Volkswagen strengthens activities in China with market entry of SEAT and Smart City Project
F.l.t.r.: SEAT President Luca de Meo, CEO of Volkswagen AG Dr. Herbert Diess, Volkswagen Group China CEO Dr. Stephan Wöllenstein, Anhui province Governor Li Jinbin, and JAC Chairman An Jin. The Volkswagen Group is expanding its business in its most important market, China. Volkswagen Group China, SEAT and the Chinese auto manufacturer JAC, which together… Continue reading Volkswagen strengthens activities in China with market entry of SEAT and Smart City Project
Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval
MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. If it goes ahead, the $35 billion-plus tie-up would alter the landscape for rivals including General Motors and Peugeot maker PSA Group, which… Continue reading Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval
Factbox: Auto industry consolidation – mega-mergers and alliances
FRANKFURT (Reuters) – Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France’s Renault in a deal that could create the world’s third-biggest carmaker and trigger a fresh round of industry consolidation. FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near… Continue reading Factbox: Auto industry consolidation – mega-mergers and alliances
Nissan and Audi launches new electric car ads as automakers increase EV advertising effort
Automakers have notoriously been reticent to advertise electric cars, but we are starting to see some changes on that front with Nissan and Audi launching new electric car advertising efforts. The Sierra Club and the Northeast States for Coordinated Air Use Management (NESCAUM) have an interesting annual study of advertising instances and spending for electric… Continue reading Nissan and Audi launches new electric car ads as automakers increase EV advertising effort
Sustainability as important for Porsche as top quality
1. All information offered on Porsche Newsroom, including but not limited to, texts, images, audio and video documents, are subject to copyright or other legislation for the protection of intellectual property. They are intended exclusively for use by journalists as a source for their own media reporting and are not intended for commercial use, in… Continue reading Sustainability as important for Porsche as top quality
The Audi S TDI models
IONITY Installed First 100 Ultra-Fast Charging Stations
With 100 sites, IONITY realized 25% of its plan for 2020. The Tesla Supercharging network consists of 450+ sites The IONITY charging network recently achieved a milestone of installing its first 100 ultra-fast charging stations in Europe. As of May 25, 2019 there were 101 installed and available and another 50 under construction with a total… Continue reading IONITY Installed First 100 Ultra-Fast Charging Stations
Fiat Chrysler and France’s Renault are in talks to form a partnership
A row of Fiat Chrysler Automobiles (FCA) 2017 Crysler Pacifica minivan vehicles are displayed for sale at a car dealership in Moline, Illinois, on Saturday, July 1, 2017.Daniel Acker | Bloomberg | Getty ImagesFiat Chrysler and Renault are in discussions to form a partnership, a source familiar with the talks told CNBC.
The Italian-American and French automakers are looking at a number of opportunities that would have the companies working together in the future, the source said.
It is unclear if a partnership between the two automakers would lead to Fiat Chrysler eventually joining the Nissan-Renault-Mitsubishi alliance.
Fiat Chrysler declined CNBC's request for comment. Renault could not be immediately reached for comment.
The Financial Times first reported the story.
Back in March, The Financial Times reported that Renault planned to take up merger talks with Nissan within the year, and then potentially acquire Fiat Chrysler.
Fiat Chrysler's chief executive, Mike Manley, previously told the FT: “If there's a partnership, merger, relationship that makes us stronger, then I'm absolutely open to looking at it.”
If Fiat Chrysler is added to the Renault-Nissan-Mitsubishi Alliance, which dates back to 1999, it would become the largest global carmaker, with 15.6 million combined sales a year. The current leader, Volkswagen, sold 10.8 million last year.