The Volkswagen Group will invest €89 billion (£76bn) in new technology within the next four years as part of a push to make a quarter of all its sales battery-electric by the end of 2026. It has also announced plans to electrify more of its European factories, centring much of its flagship EV production in its Wolfsburg… Continue reading VW Group details massive £76 billion EV transformation plan
Tag: Electric vehicles
New electric BMW 3 Series for China revealed in leaked images
BMW’s plans for an electric-powered version of the current 3 Series have been laid bare in a registry filing made public by the Chinese Ministry for Information and Industry Technology (MIIT) on Thursday. The latest in a growing number of zero-emission BMW models will be marketed under the name i3 eDrive35L, according to information obtained by… Continue reading New electric BMW 3 Series for China revealed in leaked images
German Handelsblatt: Hildegard Wortmann: With courage to the top management floor – this manager is supposed to reorganize VW sales003451
Hildegard Wortmann The experienced car manager will be in charge of sales at VW. (Photo: Hildegard Wortmann) Munich, Düsseldorf Hildegard Wortmann has a brief piece of advice: “It pays to be courageous,” says the Audi manager. It is the end of October and Wortmann is describing to students how they made it into the boardroom… Continue reading German Handelsblatt: Hildegard Wortmann: With courage to the top management floor – this manager is supposed to reorganize VW sales003451
@Tata-JLR: Zeelo Launches UK’s first Fully Electric Employee Commute Service
InMotion portfolio company Zeelo, the smart bus platform for organisations, has launched the UK’s first fully electric commuter bus service with Ocado. Zeelo provides smart bus services for 110 companies and schools globally, transporting 5,000 people per day, saving over 7,000 tonnes of CO2 annually. They aim to transition all of their services into fully electric… Continue reading @Tata-JLR: Zeelo Launches UK’s first Fully Electric Employee Commute Service
How BMW is developing ownership among employees in order to achieve its goal of sustainability?
Ilka Horstmeier By the end of this decade, global luxury car giant BMW plans to be the world’s most sustainable automotive industry player. In this regard, the company aims to cut its carbon footprint by a third and also look up to the goal of becoming a ‘Climate-Neutral’ organisation. While many organisations talk about sustainability… Continue reading How BMW is developing ownership among employees in order to achieve its goal of sustainability?
@niche: Powered by REE, Driven by Navya001486
The automotive landscape is constantly shifting. As governments and leaders wake up to the climate crisis, twin forces of vehicle electrification and autonomous driving are converging and creating a new playing field. It’s incredibly exciting to see this shift happen right before our eyes, and we’re happy to announce that as a new automotive future… Continue reading @niche: Powered by REE, Driven by Navya001486
GM CEO Mary Barra Refuses To Acknowledge Tesla In Interview – Torque News
The EV war between GM and Tesla is rapidly growing, especially with GM preparing to unleash their revolutionary Ultium battery technology in the GMC Hummer EV lineup as well as the Cadillac Lyriq. But while the products themselves are aimed at dethroning each other, neither side has gone after the other when it comes to… Continue reading GM CEO Mary Barra Refuses To Acknowledge Tesla In Interview – Torque News
India: Ola Electric raises $53m led by Temasek, valued at $2.7b
Temasek, which invested through its affiliate Macritchie Investments Pte. Ltd., led a ₹398 crore ($53 million) financing round for Ola Electric at a post-money equity valuation of $2.7 billion ( ₹2025 crore), according to VCCircle estimates. The company issued 371 Series C preference shares to a dozen investors at ₹1,07,34,860 apiece, according to a recent regulatory disclosure filing.… Continue reading India: Ola Electric raises $53m led by Temasek, valued at $2.7b
Bill Ford could have sold automaker stock for $18M. He paid $20M to keep it instead.
Bill Ford, executive chair of Ford Motor Company, dramatically expanded his personal investment in the automaker on Wednesday, according to a federal regulatory filing. He opted to exercise nearly 2 million stock options granted to him as part of his executive pay package. A large portion of the options were set to expire soon and have no value… Continue reading Bill Ford could have sold automaker stock for $18M. He paid $20M to keep it instead.
VW Americas CEO sees chip shortage lasting into 2022, but industry protecting margins
Scott Keogh, CEO of Volkswagen of America, speaks during a Volkswagen press conference at the Los Angeles Auto Show in Los Angeles, California, U.S. November 28, 2018. REUTERS/Kyle Grillot/file photo Register now for FREE unlimited access to reuters.com Register DETROIT, Dec 8 (Reuters) – Volkswagen AG’s (VOWG_p.DE) Americas chief sees the global chip shortage lasting… Continue reading VW Americas CEO sees chip shortage lasting into 2022, but industry protecting margins