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Tag Archives: Volkswagen

Hans-Dieter Poetsch

Small electric cars may be unaffordable for some -VW chairman

20 January 2019, 3:18 PM

The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future, the chairman of Volkswagen said in an interview published on Sunday.

The President and CEO of Ford Motor Company Jim Hackett, shakes hands with Volkswagen CEO Herbert Diess.

VW, Ford team up on trucks, eye deals on EVs, self-driving cars

16 January 2019, 7:51 AM

Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars.

Electric powered VW vehicle

VW, China spearhead $300bn global drive to electrify cars

10 January 2019, 4:01 PM

Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry’s transition from fossil fuels and shifting power to Asian battery and electric vehicle technology suppliers.

VW embarks on $50 billion electrification plan

17 November 2018, 7:51 AM

VW will spend almost $50 billion on developing electric cars, autonomous driving and new mobility services by 2023 and explore further areas of cooperation with US automaker Ford.

Nissan signs deal to build assembly plant in Ghana

6 November 2018, 7:35 PM

Japanese automaker Nissan signed a preliminary deal with Ghana on Tuesday to set up an assembly plant in the West African country, company officials and the government said.

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