Within minutes of the stock market’s open on Tuesday, shares of Tesla shot up 17%. Which feels extraordinary, except for the fact that they gained more the previous day.
Tesla’s market value briefly topped $100-billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.
Ford will next year launch the first phase of a four-year renewable energy plan with the intention of making its Silverton production plant completely self-sufficient for all its energy needs.
Volkswagen Group South Africa is poised to implement a plan to move its manufacturing plant in Uitenhage, plus some of its component suppliers in an adjacent supplier park, off the national electricity grid.
The Volkswagen Golf went on a record-breaking run of more than 35 million units sold to date. But in the 45 years since the first one rolled off the line, the ground has shifted.
Volkswagen is bundling its software operations with an investment plan of about €8-billion over the next three to five years, another step in the electric and connected-car shift that’s heralding massive change across the entire industry.
Volkswagen is unwrapping not just new models at the Frankfurt auto show, but a tweaked logo as the world’s biggest car maker ushers in the electric era.
Cars made Germany into a global manufacturing powerhouse, but pollution concerns have sullied the reputation of a product that once embodied individual freedom.
Volkswagen South Africa is working on a comprehensive electric mobility strategy with the purpose of laying a strong foundation for the introduction of battery electric vehicles into its key brands.
Nissan, BMW and Volkswagen are among car makers in talks to bring the electric car revolution to South Africa, as the nation’s auto-factory floors risk being left behind in the global switch to greener vehicles.