WolfsburgFor Ralf Brandstätter it is the first big appearance at home in Wolfsburg. Since August, the 50-year-old has headed the car brand as Chief Operating Officer (COO) Volkswagen, the most important part of the eponymous group with 80 billion euros annual turnover and with more than six million vehicles produced each year. In the first… Continue reading Car company: VW increases the “transformation speed” – and wants to save billions
Tag: Electric vehicles
Joint mobility company to be established with BMW next year
Completion of transaction expected in 2019 Anticipated earnings effect at Daimler Financial Services to be recognized in 2019 Stuttgart – The planned joint mobility company with the BMW Group is expected to be established at the beginning of next year. This has been agreed by Daimler AG and BMW Group. Following the approval of the… Continue reading Joint mobility company to be established with BMW next year
Available to order now: the new T-Cross
Maximum flexibility thanks to innovative and spacious vehicle interior concept Digital cockpit, perfect connectivity and assistance systems from higher vehicle categories as standard For sales launch: limited “1st Edition” special edition Following its world première in Amsterdam, Shanghai and São Paulo it is now available to order: the new T-Cross. Customers can order the new… Continue reading Available to order now: the new T-Cross
FreeWire Raises $15 Million In Financing For Mobile Fast Charging
12 M BY MARK KANE FreeWire is not alone in believing that mobile fast charging is a good idea. FreeWire Technologies, the California start-up known mostly from its mobile electric vehicle charging systems, announced the successful closing of its $15 million Series A financing. “The financing will support the commercialization of FreeWire’s ultrafast EV charging… Continue reading FreeWire Raises $15 Million In Financing For Mobile Fast Charging
Volkswagen brand to speed up operating return
Operating return of at least 6 percent as early as 2022 Numerous additional measures to improve efficiency planned Future investments of over €11 billion through 2023, of which over €9 billion to be spent on e-mobility COO Ralf Brandstätter: “We must force the pace of our transformation” The Volkswagen brand is to significantly improve its… Continue reading Volkswagen brand to speed up operating return
Tesla’s China factory is set to begin production late next year, Shanghai government says
Qilai Shen | Bloomberg | Getty Images
A Tesla Motors Model S electric automobile at one of the company's electric charging stations in Beijing on March 9, 2016.
Tesla is on pace to begin production at its factory in China in the second half of next year, the Shanghai government said Wednesday.
Land leveling is basically complete and construction is about to begin, with the factory expected to be put partially into operation in the second half of 2019, according to an official WeChat post from the government. The article described a visit by Shanghai Mayor Ying Yong and Vice Mayor Wu Qing.
Tesla did not immediately respond to an emailed request for comment.
In mid-October, Tesla officially acquired an 864,885-square meter plot in Shanghai's Lingang area for the electric car maker's first factory outside the U.S.
Elon Musk's company has also launched an official WeChat account for hiring locals.
Producing in China, the world's largest market for electric vehicles, would allow Tesla to reduce costs significantly. The company has said it is operating at a 55 percent to 60 percent cost disadvantage with a domestic peer due to ocean transport costs and tariffs.
And Uber is going with . . . Bird (looks like)
Five months ago, the Bay Area-based electric scooter rental company Lime joined forces with the ride-hailing giant Uber, which both invested in the company as part of a $335 million round and said it was going to promote Lime in its mobile app. It’s looking now like that may have been a mistake for Lime. Though… Continue reading And Uber is going with . . . Bird (looks like)
GM CEO will keep ‘open mind’ on plant closings, acknowledges anger
WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra on Wednesday vowed to keep an “open mind” about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan. General Motors (GM) Chairman and CEO… Continue reading GM CEO will keep ‘open mind’ on plant closings, acknowledges anger
UPDATE 3-GM CEO will keep ‘open mind’ on plant closings, acknowledges anger
WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra on Wednesday vowed to keep an “open mind” about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan. General Motors (GM) Chairman and CEO… Continue reading UPDATE 3-GM CEO will keep ‘open mind’ on plant closings, acknowledges anger
Volkswagen Will Launch Its Last Gas-Powered Cars in 2026
Goodbye Gas-Guzzlers One of the world’s largest carmakers is going all-in on electric vehicles. According to a Reuters story, Volkswagen’s strategy chief, Michael Jost, told attendees at the Handelsblatt automotive summit conference on Tuesday that the company will launch its last generation of gas-powered cars in 2026. After that, he said, it will focus on EVs.… Continue reading Volkswagen Will Launch Its Last Gas-Powered Cars in 2026