BERLIN — Volkswagen Group CEO Herbert Diess told a supervisory board meeting in September that the company could lose 30,000 jobs if it transitioned too slowly to full-electric vehicles, two sources with knowledge of the matter told Reuters. Competition from new entrants to the industry such as Tesla has pushed the company to speed up… Continue reading VW CEO Diess warns slow shift to EVs could cost 30000 jobs, report says – Automotive News Europe
Tag: Electric vehicles
Russia firm to supply steel for US hyperloop project
The “hyperloop” technology aims to transport people in train-like “pods” through low-pressure tubes that would reduce atmospheric friction, allowing travel at nearly the speed of sound. Moscow -Russian metals company Severstal announced Thursday a deal to supply steel for Hyperloop Transportation Technologies, a US firm developing ultra-fast trains billed as the future of public transport.… Continue reading Russia firm to supply steel for US hyperloop project
Lucid Announces Extension Of Redemption Date For Its Public Warrants
NEWARK, Calif., Oct. 14, 2021 /PRNewswire/ — Lucid Group, Inc. (the “Company”), which is setting new standards with its advanced luxury EVs, today announced that it is extending the redemption date of its public warrants (the “Public Warrants”) until 5:00 p.m. Eastern Time on October 29, 2021 (the “New Redemption Date”) to allow holders of Public… Continue reading Lucid Announces Extension Of Redemption Date For Its Public Warrants
@GM: General Motors Delivers Over 623,000 Vehicles in China in Third Quarter October 14, 2021
SHANGHAI – General Motors and its joint ventures delivered more than 623,000 vehicles in China in the third quarter. Sales were impacted by the ongoing global semiconductor supply chain disruption. Despite the challenging environment, midsize and large SUVs – including the Cadillac XT6, Buick Enclave and Chevrolet Blazer – maintained robust growth momentum. Sales of… Continue reading @GM: General Motors Delivers Over 623,000 Vehicles in China in Third Quarter October 14, 2021
Tesla pushes ‘Full Self-Driving Beta’ to investor with poor ‘safety score’ while requiring perfect score from others
Tesla has pushed its “Full Self-Driving Beta” to an investor who had a terrible “safety driving score” based on the automaker’s own scoring system. It comes as Tesla says that it is only pushing the software to owners who scored 100 out of 100. Tesla Full Self-Driving Beta Tesla’s Full Self-Driving Beta (FSD) enables Tesla… Continue reading Tesla pushes ‘Full Self-Driving Beta’ to investor with poor ‘safety score’ while requiring perfect score from others
VinFast Announces Global Premiere Of Its New EVs At The 2021 Los Angeles Auto Show
VinFast is proud to be the only EV brand representing Vietnam to attend the 2021 LA Auto Show from November 19 to 28, 2021. At this year’s LA Auto Show, VinFast will introduce the VF e35 and VF e36 electric SUV models in the respective D & E market segments. These two EVs integrate ADAS… Continue reading VinFast Announces Global Premiere Of Its New EVs At The 2021 Los Angeles Auto Show
ITM Power launches £250m share sale to fund hydrogen gigafactory
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Visteon to Announce Third Quarter 2021 Results On Thursday, October 28
VAN BUREN TOWNSHIP, Mich., Oct. 14, 2021 (GLOBE NEWSWIRE) — Visteon Corporation (Nasdaq: VC), a global automotive electronics technology enterprise dedicated to creating more enjoyable, connected and safe driving experiences, will release its third quarter 2021 financial results prior to 7 a.m. ET on Thursday, Oct. 28. The company will host a conference call for… Continue reading Visteon to Announce Third Quarter 2021 Results On Thursday, October 28
First-Ever Vietnamese Automaker VinFast Selects LA Auto Show® to Enter the North American Market
LOS ANGELES, Oct. 14, 2021 /PRNewswire/ — The Los Angeles Auto Show® (LA Auto Show®), the leading auto and lifestyle in-person event, announced today that VinFast—Vietnam’s first global automaker—will launch its brand and products at AutoMobility LA®. Following LA Auto Show’s annual industry and media gathering, the public will have an opportunity to discover and experience… Continue reading First-Ever Vietnamese Automaker VinFast Selects LA Auto Show® to Enter the North American Market
Vietnamese carmaker Vinfast eyes start of US deliveries in late 2022
Vietnamese automaker Vinfast will begin taking pre-orders in the U.S. market for its VF e35 and e36 electric SUVs in the first half of 2022 and expects to begin delivering them by the end of the year, global Chief Executive Michael Lohscheller said. “It’s still early to make any sales predictions, but VinFast will unveil two of our latest… Continue reading Vietnamese carmaker Vinfast eyes start of US deliveries in late 2022