Porsche clearly aims to move past the dieselgate scandal and has chosen not to appeal the fine. German prosecutors have imposed a fine of $598 million (535 million euro) on luxury carmaker Porsche AG, a unit of Volkswagen, for lapses in supervisory duties which allowed the company to cheat diesel emissions tests. According to the…
Volkswagen is aiming big for the burgeoning electric car market. It is not only retooling 16 of its plants to produce electric cars, it is also pushing its battery partners to to invest heavily in battery cell manufacturing. In a significant development of strategic importance, Volkswagen is pushing its joint venture partners including SK Innovation…
Sound is emerging as a key aspect for emotions attached to electric vehicles. This is so since it is through sound that the potential customer can get feedback about the capability and potency of the car. Senior executives at the Geneva car show have revealed, with combustion engines gradually being discontinued, carmakers are dreaming up…
e.GO Mobile, a German startup, has helped develop a delivery van that is now being produced by a subsidiary of postal services group Deutsche Post. Among the startup’s other projects, it is also pursuing to bring an e-minibus to the market through a a joint venture with German automobile supplier ZF Friedrichshafen. In asgi significant…
With next generation electromobility options coming packed with sensors and electronics, input costs have rise significantly. Adding to that pressure is the EU’s push to meet tougher-than-expected greenhouse gas emissions targets which aims to bring it down by 37.5% by 2030. In an interview to German newspaper Welt am Sonntag, Volkswagen’s chairman Hans-Dieter Poetsch stated,…
With Beijing’s policymakers and regulators intent on transitioning from fossil fuel powered vehicles to more electric vehicles, China is set to become the automotive powerhouses in the world. In a development aimed at accelerating the adoption of electric vehicles, automakers from across the globe are planning a $300 billion surge in their spending on electric…
The forward-looking purchase of the stake is of strategic significance as it revolves around the future of mobility. In a strategic move, Volkswagen has purchased a controlling stake in Volvo’s WirelessCar, a digital service developer which specializes in connected driving, for $122 million (1.1 billion Swedish crowns). In a statement Volkswagen stated, WirelessCar’s technology would…
The development underscores VW’s near-long term strategy post 2020. Volkswagen’s Chief Executive Herbert Diess told Automotive News, the carmaker is likely to build up to 50 million electric cars on its new electric vehicle platform. VW is also looking to expand its manufacturing footprint in the United States. “We set up the plant in Chattanooga…
The consortium, of more than 130 partners, is aimed at developing self-driving car technology for the Chinese market. The European Union’s biggest carmaker, Volkswagen AG, stated it would join China’s Apollo autonomous driving consortium so as to develop self-driving car technology in the world’s biggest car market. In 2017, Baidu created the Apollo consortium to…
Facing pressure from environmental groups and the government, Volkswagen has agreed to hardware retrofit select models of older diesel vehicles as well as offer incentives to swap selected older models of diesel vehicles for newer ones, in the country. As per a source familiar with the matter at hand, Volkswagen will support hardware retrofits for…
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