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Solid state: EV giants chase 'holy grail' of batteries

Solid state: EV giants chase 'holy grail' of batteries

Tue, Jan 16, 2024

The company says it aims to build a gigafactory for its new batteries by 2029 and has signed a joint development agreement with BMW.

Automakers oppose US bid to force recall of 52 million air bag inflators

Automakers oppose US bid to force recall of 52 million air bag inflators

Wed, Dec 20, 2023

Delphi Automotive, part of Autoliv (ALV.N), manufactured approximately 11 million of the inflators through 2004 under a licensing agreement with ARC, which manufactured the remaining 41 million.

Mercedes-Benz India announces price hike for select models in response to rising operational costs

Mercedes-Benz India announces price hike for select models in response to rising operational costs

Wed, Dec 13, 2023

The price hike will range from Rs 60,000 for the C-Class to Rs 2.6 lakh for a GLS SUV and up to Rs 3.4 lakh for the top-end imported Mercedes-Maybach S 680.

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Volkswagen supervisory board demands inquiry into diesel fume tests

Volkswagen supervisory board demands inquiry into diesel fume tests

Mon, Jan 29, 2018

Volkswagen`s supervisory board called on Monday for an immediate inquiry into who ordered scientific tests in which monkeys were exposed to toxic diesel fumes, while the German government said such studies were unjustifiable.

VW group lines up 1 bn euros to launch new models in India

VW group lines up 1 bn euros to launch new models in India

Sun, Jan 21, 2018

Last year, Skoda CEO Bernhard Maier had said that the launch of the first products based on localised MQB A0 platform in India

Volkswagen says studying electric vehicle market closely

Volkswagen says studying electric vehicle market closely

Thu, Jan 18, 2018

The Volkswagen group globally has readjusted its strategy to embrace e-mobility by committed huge investments towards new generation electric vehicles from 2020.

VW Group evaluating fresh investments for new models in India

VW Group evaluating fresh investments for new models in India

Tue, Jan 16, 2018

German auto major Volkswagen Group is evaluating various options for the Indian market, including fresh investments for a completely new product range in the country, according to a company official.

Global carmakers to invest at least $90 billion in electric vehicles

Global carmakers to invest at least $90 billion in electric vehicles

Tue, Jan 16, 2018

That money is pouring in to a tiny sector that amounts to less than 1 percent of the 90 million vehicles sold each year and where Elon Musk`s Tesla Inc, with sales of only three models totaling just over 100,000 vehicles in 2017, was a dominant player.

Volkswagen on US comeback trail with all-new Jetta compact car

Volkswagen on US comeback trail with all-new Jetta compact car

Mon, Jan 15, 2018

The world`s largest automaker is still grappling with investigations and lawsuits around the world related to revelations that it cheated government emissions tests for diesel-powered vehicles and has already paid $30 billion in fines and costs for the fraud.

Volkswagen brand car sales hit record 6.23 million in 2017

Mon, Jan 15, 2018

Deliveries rose 4.2% in 2017 to 6.23 million Volkswagen (VW) brand cars, the automaker said on Sunday at the Detroit auto show, helped by an expanding line-up of sport-utility vehicles including the all-new Atlas and Teramont models.

Nvidia partners with Uber, Volkswagen in self-driving technology

Nvidia partners with Uber, Volkswagen in self-driving technology

Mon, Jan 08, 2018

The company, which already has partnerships in the industy with companies such as carmaker Tesla and China`s Baidu, makes computer graphics chips and has also been expanding into technology for self-driving cars.

Around 6,000 Swiss Volkswagen owners seek damages in emissions scandal

Around 6,000 Swiss Volkswagen owners seek damages in emissions scandal

Sat, Dec 30, 2017

SKS said it was assuming damages amounted on average to 15 percent of the initial retail price of the vehicles concerned and that, together with insurance companies supporting the legal action, it wanted to give Swiss-based car owners the possibility to enforce their rights without disproportionate financial risk.

Major auto companies offer heavy discounts on New year sale

Major auto companies offer heavy discounts on New year sale

Tue, Dec 05, 2017

These offers came after when the government has decided to push BS-VI fuel which has left plenty of stock with auto dealers with a surplus stock.

Exclusive: Volkswagen in talks to buy stake in Russia's GAZ - sources

Exclusive: Volkswagen in talks to buy stake in Russia's GAZ - sources

Sat, Dec 02, 2017

GAZ is a part of the Basic Element group that holds the assets of Russian businessman Oleg Deripaska. Both GAZ and Basic Element declined to comment, while a spokesman at VW headquarters said he does not comment on market speculation.

Factbox: Automakers get serious about electric cars

Factbox: Automakers get serious about electric cars

Fri, Nov 17, 2017

Europe`s largest carmaker by unit sales will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022.

Volkswagen Group to build China electric cars

Volkswagen Group to build China electric cars

Thu, Nov 16, 2017

Volkswagen Group said on Thursday it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with upcoming stringent rules in China.

Apple, Volkswagen, BMW warn EU over patent fees guidelines

Apple, Volkswagen, BMW warn EU over patent fees guidelines

Thu, Oct 26, 2017

The move comes as the EU executive ponders whether a fridge maker should pay a different rate for crucial patents than a carmaker, or whether a flat, fixed rate would be fairer.

Daimler third-quarter profit falls on diesel costs, special items

Daimler third-quarter profit falls on diesel costs, special items

Fri, Oct 20, 2017

Earnings before interest and tax (EBIT) at the German automotive group plunged 14 percent to 3.46 billion euros ($4.08 billion) in the July-to-September period, Daimler said on Friday, in line with the 3.43 billion-euro consensus forecast in a Reuters poll of banks and brokerages.

Volkswagen targets 3% share in Indian passenger vehicle market

Volkswagen targets 3% share in Indian passenger vehicle market

Sun, Oct 15, 2017

German auto major Volkswagen has set a target to garner 3 per cent share in passenger vehicle segment in India, one of its key future markets, according to a senior company official.

Here's why automobile firms like Mahindra, Ford forge alliances despite several failures

Here's why automobile firms like Mahindra, Ford forge alliances despite several failures

Wed, Sep 20, 2017

Mahindra & Mahindra tied up with Ford Motor to look at a strategic alliance that will help both companies in the Indian as well as global markets

Why Royal Enfield needs to buy Ducati with competition from Bajaj Auto gearing up

Why Royal Enfield needs to buy Ducati with competition from Bajaj Auto gearing up

Sat, Sep 09, 2017

Eicher Motors, Royal Enfield's parent company, stock shot up on Thursday as news of its bid to acquire Ducati went through.

Bidding for Ducati takes Eicher Motors' shares to an all-time high

Bidding for Ducati takes Eicher Motors' shares to an all-time high

Fri, Sep 08, 2017

Media reports have stated that Eicher Motors is set to offer $1.8 billion-$2 billion for Italian motorcycle manufacturer Ducati. This has taken the stock price of the company at an all-time high.

Eicher set to make $1.8 billion-$2 billion binding bid for Ducati

Eicher set to make $1.8 billion-$2 billion binding bid for Ducati

Thu, Sep 07, 2017

German carmaker Volkswagen is considering options for Ducati, including a sale of the brand, wholly controlled by VW`s Audi division.

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