In a bid to save €5.9 billion and raise their operating margin to 6%, VW will cut 5,000-7,000 jobs by 2023.
VW is launching its all-electric dune buggy, the ID
Ever since Tesla built the first battery ‘gigafactory’, a factory able to produce battery cells at the gigawatt-hour level, many other companies have announced similar ambitions.
Polestar, Volvo’s performance brand which has been relaunched as an electric brand, is apparently gradually unveiling the Polestar 2, an upcoming all-electric sedan, which it describes as a “Tesla Model 3 competitor.”
All electric Volkswagen I.D. Hatchback will enter in production in November 2019
VW’s I.D. R fully-electric sports car, which has broken several records at the Pikes Peak Hill Climb, is coming back with some updates to go after the Nürburgring electric record.
As major motorcycle manufacturers around the world grapple with a new era of EVs, Ducati could be the next to roll out an electric motorcycle. That’s according to the company’s CEO who just confirmed Ducati’s commitment to developing a production electric motorcycle.
The Volvo Group announced that it is investing in Momentum Dynamics, “a Philadelphia-based company developing and commercializing high power inductive charging for the automotive and transportation industries
Ford’s president of global markets Jim Farley told the Detroit Free Press that it’s “going to be electrifying the F-Series
GM is announcing that Cadillac will act as its ‘lead electric vehicle brand’.
Ford announced a joint venture with erstwhile rival Volkswagen, focusing on the development of commercial vehicles and electric and autonomous cars, according to Jim Farley, Ford’s president of Global Markets.