Volkswagen could build up to 50 million electric cars, says CEO
Volkswagen could build up to fifty million electric cars on its new electric vehicle platform and is looking at broadening its manufacturing footprint in the United States, Chief Executive Herbert Diess informed Automotive News. “We set up the plant in Chattanooga always with the idea to be able to grow it, to mirror it,” Diess
- Published in Volkswagen
Volkswagen may sideline Audi, link with competitors in new 10-year plan
Volkswagen CEO Herbert Diess will outline a 10-year plan on November 16 to cut research expenses by collaborating with competitors, a step which would sideline Audi as the group’s leading development center. The chief executive will outline his plan at a meeting of the automaker’s supervisory board, two sources informed Reuters. It will explore possible
- Published in Volkswagen
All vehicles Mazda to be electric hybrid, EVs by 2030
Mazda Motor stated on Tuesday that all of the vehicles it produces by 2030 will be electrified, where as 5 percent of its cars will be all-battery electric vehicles (EVs). The Japanese automaker joins a expanding number of worldwide automakers who are planning to decrease emissions by producing more gasoline-hybrid vehicles, plug-in hybrids and battery
- Published in Mazda
Volkswagen, Ford confirm talks on potential commercial vehicle tie-up
Volkswagen and Ford Motor are in talks about jointly developing and building a series of commercial vehicles including vans, the companies verified on Tuesday. In a joint statement, Volkswagen and Ford stated they were thinking about a strategic alliance and “investigating several joint projects,” including development of a series of commercial vehicles for international markets.
- Published in Ford, Volkswagen
Nissan spins up new plant to revitalize EV batteries
At a small plant meant to help revitalize a town devastated by the 2011 earthquake, Nissan Motor is providing its costly electric vehicle (EV) batteries new life as they pass their peak performance. International automakers are finding ways to make cheaper EVs and extend the life of their batteries, which can represent up to one-fifth
- Published in Nissan
Hyundai union chief warns of job crisis, describes electric cars as ‘evil’
Hyundai Motor’s union chief warned its employees may have to deal with similar crisis to the one hitting General Motors’ South Korean unit as sales in key markets slip, adding that electric cars were ‘evil’ and will ruin jobs. South Korea’s auto industry, known for its robust unions whose employees tend to be paid more
- Published in Hyundai
Nissan plans electric car sales increase to one million a year by 2022
Nissan Motor announced plans to sell 1 million electric vehicles (EVs) every year by 2022, a six-fold jump from what it sold in 2017, and stated it had no plans to stop testing its self-driving cars on public roads, describing them safe. Japan’s 2nd largest automaker and its competitors are planning to crank up development
- Published in Nissan
Tesla says Model S, Model X production planning has improved
Tesla Inc said the number of labor hours required to produce its Model S and Model X cars have reduced significantly, after the latest report of quality problems that could avoid the automaker from hitting its production targets. The automaker informed Reuters on Wednesday production of 100,000 Model S and Model X vehicles can become
- Published in Tesla
Volkswagen assigns $25 billion in battery orders for electric vehicles
Volkswagen has selected partners to provide battery cells and associated technology worth around 20 billion euros ($25 billion) for its growing electric vehicle program, including additional pressure on U.S. pioneer Tesla. Till its “dieselgate” emissions scandal was revealed two and a half years earlier, Europe’s largest automaker had been slow to welcome electric vehicles. But
- Published in Volkswagen
GM prepares to expand Bolt EV output, seeks Congress help
General Motors CEO Mary Barra contacted the United States Congress on Wednesday to expand a customer tax credit for electric vehicles as the automaker stated it would increase production of its EV Chevrolet Bolt in reaction to positive response. Barra also got in touch with U.S. regulators to consider when scoring automakers’ emissions the capacity
- Published in General Motors
General Motors pledges to build a formula for profitable electric vehicles
General Motors CEO Mary Barra has made a bold pledge to investors that the automaker will earn money selling electric vehicles by 2021. What Barra has not described in detail is how GM plans to do what, until now, no significant automaker has done. The response is a big bet on combining proprietary battery innovation,
- Published in General Motors
Nissan sells 300,000 Leafs in 7 years, remains top selling of EV
Nissan Leaf remains king of EVs In spite of looking a little odd when it was introduced, the Nissan Leaf has become the world’s best-selling electric car, with over 300,000 of them flying showrooms since 2010. The Leaf went far for itself by being the first really economical, mass-produced electric vehicle. At a time when
- Published in Nissan
Solid Power, BMW to collaborate in developing next-generation EV batteries
U.S. EV battery company Solid Power stated it had partnered with Germany’s BMW AG to develop the next-generation solid-state battery innovation for use in electric cars (EVs). BMW will help in advancing Solid Power’s technology to achieve performance levels needed for high-performance EVs, Louisville, Colorado-based Solid Power stated. Financial terms of the deal were not
- Published in BMW
Toyota, Panasonic thinking about joint development of EV batteries
Toyota Motor is thinking about making batteries for electric vehicles (EV) with Panasonic Corp, as it increases battery development to help fulfill its goal for green vehicles to comprise half of worldwide sales by 2030. The joint statement on Wednesday builds on an existing arrangement under which Panasonic – a global market leader for vehicle
- Published in Toyota
BMW to increase its spending on R&D in 2018
German automaker BMW will raise its spending more on research and development next year, to 6.5 to 7 percent of sales, finance chief Nicolas Peter informed Handelsblatt. “That is a lot of money, in absolute numbers it’s around 7 billion euros ($8.3 bln), which is almost as much as we spent in 2011 and 2012
- Published in BMW