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Volkswagen’s recent $5 billion partnership with US electric vehicle start-up Rivian has caused quite a stir among the staff at Cariad, VW’s software division. The deal, aimed at developing software for both companies’ cars, comes after a series of setbacks and budget overruns at Cariad that delayed the rollout of new VW, Audi, and Porsche…
Volkswagen is grappling with a tough decision that could see some of its factories in Germany shut down for the first time in its 87-year history. The automaker, known for its iconic brand, is struggling to meet cost-cutting goals and remain competitive in a challenging market. CEO Oliver Blume recently announced that the company must…
Herbert Diess, Volkswagen’s ex-chief, is pushing back against criticism of his hybrid vehicle strategy during his time at the helm of Europe’s biggest carmaker. This comes as the Financial Times reports a slowdown in EV enthusiasm and growing popularity of hybrids. Diess Claims “Excellent Portfolio” of Plug-in Hybrids Diess argues VW has a strong lineup…
Volvo has revised its ambitious plan to sell only pure electric vehicles (EVs) by 2030, now aiming for 90-100% of its global sales to be electrified cars, including both fully electric and plug-in hybrid vehicles. This adjustment comes amidst slower charging infrastructure rollout, reduced government incentives, market uncertainties, and shifting consumer demand, reports Euro News.…
Tesla’s Full Self Driving (FSD) software is set to expand internationally, with significant updates and features rolling out over the next year. The company has released a roadmap detailing its plans, including enhancements to FSD and its introduction to Europe and China by Q1 2025. Notably, Tesla is also planning to bring FSD to right-hand…
BMW is gearing up to introduce its first hydrogen-powered vehicle by 2028, leveraging fuel cell technology developed in partnership with Toyota Motor Corp. The German automaker made the announcement on Thursday, highlighting its commitment to exploring alternative green technologies, according to Reuters. This move underscores BMW’s strategy to hedge its bets on which “green” technology…
Chinese electric vehicle (EV) manufacturers are showing resilience in the face of global trade restrictions, with several major players reporting significant year-on-year sales increases for August. This surge comes despite recent announcements by the European Union, United States, and Canada to limit Chinese-made EV imports, according to a report by Euro News. Record-Breaking Sales for…
Volkswagen, the German auto giant, is hitting some speed bumps on its journey to electric vehicles (EVs). The company’s facing tough times as it tries to keep up with the fast-changing EV market, according to a recent Wall Street Journal report. EV Investment Dilemma Volkswagen’s in a tight spot. They can’t easily cut back on…
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