Porsche will spend more than €20-billion to equip models with top-line electric and digital technology to bolster returns.
Browsing: Volkswagen
Tesla’s stock tumbled nearly 10% on Thursday after CEO Elon Musk signalled the electric vehicle maker will keep cutting prices.
Having just unveiled the ID. 2all, Volkswagen is already making plans for an even cheaper EV.
Volkswagen plans to invest €180-billion over the next five years, with spending on combustion engines to decline from 2025.
Gigantic aluminium die casting machines are helping car makers to simplify manufacturing and cut costs by up to 40% in some areas.
Introducing EVs into the domestic market makes little sense while South Africa remains dependent on fossil fuels for power generation, a VW executive said.
Apple has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car’s target launch date by about a year.
Volkswagen South Africa on 3 May built its millionth Polo for export at its Kariega (formerly Uitenhage) plant in the Eastern Cape.
South Africa risks losing the bulk of its automotive exports, according to Nissan’s Africa head.
The epic fight over who controls the future of the car industry is about to get a whole lot more interesting.