In a statement Anish Shah, the CEO of Indian auto major Mahindra and Mahindra group said, it will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio. While earlier Mahindra had focussed on developing EV components… Read More ›
In a statement Volkswagen’s Chief Financial Officer Arno Antlitz said, it stop producing a number of combustion engine models by the end of this decade, and sell fewer cars overall as it increases its focus on producing more profitable premium… Read More ›
The number of Western companies looking to exit from Russia is growing with energy giants BP, Shell, HSBC and the world’s biggest aircraft leasing firm AerCap joining the list. Following Russia’s invasion of Ukraine, Western countries have slapped punitive economic… Read More ›
With German automaker Volkswagen missing its electric vehicles sales target in China in 2021, the carmaker’s works council chief Daniela Cavallo has called on the company to get a deeper understanding of the Chinese car market in order to increase… Read More ›
In an interview with Germany industry magazine Automobilwoche the sales chief of luxury carmaker Porsche AG said, he expects another record year in terms of sales despite the global shortage of semiconductors. “When I look at the current orders, I’m confident… Read More ›
In an interview to German industry magazine Automobilwoche, a board member from Volkswagen opined, the global shortage of semiconductors is likely to continue this year and ease slightly during the second half. “The volatile situation will affect us at least… Read More ›
In a statement Volkswagen said, it will unveil a production version of its long-awaited ID.Buzz on March 9. The ID.Buzz is an electric reincarnation of its beloved Microbus which VW plans to launch in the US in late 2023. The EV… Read More ›
On Tuesday, Samsung Electronics unveiled its latest line of chips aimed at the auto market. Samsung’s advanced chips will be mounted in Volkswagen’s infotainment system developed by LG Electronics. There is a rising demand for “high-tech” automotive chips that can handle more… Read More ›
In recent days, European automakers who are already reeling from the global chip shortage have hastened to reassure shareholders that shortages in magnesium do not, for now pose a risk to production plans. Car part suppliers and industry associations have… Read More ›
In a statement Volkswagen said, deliveries of battery-powered electric vehicles to China have more than tripled in the first nine months of 2021. For the January to September period, deliveries of battery electric vehicles (BEV) stood at 47,200 up from… Read More ›
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