Tag Archives: Volkswagen AG

Ferrari CEO shrugs off concerns about EV performance

A Ferrari photographed in Switzerland on March 2, 2015. The Italian company plans to launch a fully electric vehicle in 2025. Harold Cunningham | Getty Images News | Getty Images The CEO of Ferrari on Tuesday moved to allay fears the firm’s upcoming electric offering will compromise on performance, telling …

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Volkswagen-backed Northvolt to develop wood-based batteries for EVs

This image from 2007 shows logs and wood chips outside a Stora Enso paper mill in Finland. The firm says it’s “one of the largest private forest owners in the world.” Suzanne Plunkett | Bloomberg | Getty Images Northvolt will partner with Stora Enso to develop batteries that incorporate components …

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Toyota plans to develop light duty hydrogen fuel-cell trucks

A Toyota Mirai hydrogen fuel cell vehicle photographed in Berlin, Germany, in August 2021. The Japanese automotive giant started working on the development of fuel-cell vehicles back in 1992. Krisztian Bocsi | Bloomberg | Getty Images Automotive giant Toyota, along with three other partners, will work on the development of …

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Volkswagen CEO says EV outlook is very good

An ID. Buzz photographed at a plant in Hanover, Germany, on June 16, 2022. Supply chain constraints — including those related to semiconductors — have been a major challenge for automakers in recent times. Ole Spata | Picture Alliance | Getty Images The CEO of German automotive giant Volkswagen sought …

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VW and Goldman-backed Northvolt gets $1.1 billion funding

Northvolt’s most recent funding announcement comes at a time when major economies are laying out plans to move away from vehicles that use diesel and gasoline. Mikael Sjoberg | Bloomberg | Getty Images Electric vehicle battery maker Northvolt on Tuesday announced a $1.1 billion funding boost, with a range of …

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Tencent wants to be foreign automakers’ go-to company for EVs in China

BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company. Tencent BEIJING — Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s massive electric …

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Volkswagen CEO says carmaker will overtake Tesla on EV sales by 2025

The chief executive of Volkswagen believes Europe’s biggest carmaker can overtake Tesla to become the world’s largest seller of electric vehicles by 2025. Speaking to CNBC’s “Squawk Box Europe” at the World Economic Forum in Davos, Switzerland, on Tuesday, Herbert Diess said alleviating supply chain issues would likely help create …

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Renault says electric-hydrogen concept will have 497-mile range

Details of Renault’s Scénic Vision concept car were presented to the public on May 19, 2022. The firm’s idea of developing a passenger vehicle that uses hydrogen technology is not unique. Benjamin Girette | Bloomberg | Getty Images Renault has released details of an electric-hydrogen hybrid concept car, with the …

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After the ‘hippie’ bus and Beetle, VW makes eyes at America once again

As Volkswagen looks to resurrect the Scout brand in the United States, CEO Herbert Diess has shed light on the decision, saying it represents an opportunity for the German auto giant to “become much more American.”  VW announced plans to re-launch the Scout as a fully-electric pick-up and “rugged” SUV …

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VW is looking to bring back the Scout brand as an electric vehicle

This image, from 2019, is of a refurbished Scout. The brand was originally built by International Harvester between 1961 and 1980. Future Publishing | Future Publishing | Getty Images Volkswagen is planning to resurrect the iconic “Scout” brand as an electric vehicle in the United States. In a report late …

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