Volkswagen has mapped out details of its transformation from a mass manufacturer of cars to a provider of transportation services by unveiling a car-sharing service and promising digital acquisitions.
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A few hours after Elon Musk berated analysts for what he perceived as unimaginative questions, Volkswagen has said it was writing a cheque for batteries that almost match Tesla’s entire market value. VW has awarded
Henry Ford didn’t invent the motor car. The late 1800s saw a flurry of innovation by hundreds of companies battling to deliver on the promise of fast, efficient and reasonably priced mechanical transportation. Ford later came
Nvidia, trying to spread its industry-leading graphics chip technology into new areas, has said Uber Technologies and Volkswagen will use its artificial intelligence expertise to help bring self-driving cars to the roads. Uber
BMW is targeting another ambitious hike in plug-in hybrid and battery car sales next year to defend its position in the electric-car shift as competitors like Volkswagen ready their own battery line-ups. The planned increase to about
Toyota, which has made a big bet on hydrogen-powered cars, is looking more isolated as industry rivals double down on plug-in electric vehicles as the dominant technology in the emerging post-fossil fuel era. Three years ago, Toyota
Here are two facts that defy logic: by the end of the year, electric car maker Tesla will have burned through more than US$10bn without ever having made 10c. Yet companies around the world are lining up to compete
Are electric cars ready to stand on their own? If you took a spin down to the New York International Auto Show last week and saw the $37 500 (R486 000) Chevy Bolt (electric) parked next to
Volkswagen’s namesake brand will present the concept of a fully electric crossover model in Shanghai next week to challenge Tesla’s Model X as the German manufacturer gears up to roll out a new zero-emission
Elon Musk’s Tesla briefly surpassed General Motors to become America’s most valuable car maker, eclipsing a company whose well-being was once viewed as interdependent with the nation’s. A week after topping Ford, Tesla climbed