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Gerber Diss, CEO of German Volkswagen, said that the company would revise plans for the development of technologies for electric vehicles in connection with the tightening of carbon dioxide emission standards by EU authorities. The European Parliament has agreed with the EU countries that emissions will be reduced by 37.5% by 2030 relative to the 2021 target level. This rate, significantly exceeding the previously expected reduction of 30%, means that over 40% of Volkswagen cars sold in the European market must be electric. Therefore, the company will revise its plan, which implies an investment in the development of electric vehicles in the amount of 30 billion euros until 2022. The company is also planning to retool its plants and increase the production of batteries for electric vehicles.
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
BMW’s head of influential work council said that they must head toward a technology platform specifically for electric cars, moving away from only developing cars that can be refitted with either electric or combustion engines. "Only ...
The breakfast and coffee chain Dunkin’ Brands Group Inc. (DNKN.O) stated on Monday that its franchise operators are planning to hire up to 25,000 employees in light of high demand after the United States reopened the restaurant industry. The ...
German automotive manufacturing company Volkswagen Group (VOWG) announced on Monday that it would gradually resume operations in the states of Puebla and Guanajuato on June 15. The company decided to pause its activities last March due to ...
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