Volkswagen won't join China discount battle "at any price": COO
Volkswagen will not participate in a discount battle in China "at any price", Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday.
Volkswagen will not participate in a discount battle in China "at any price", Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday.
Kia, South Korea's second-biggest carmaker, said on Wednesday it will suspend the operation of one of its eight domestic plants during the second half of this year in preparation for electric vehicle (EV) production.
Major Chinese automaker Geely is in the early stages of planning an entry into Thailand's electric vehicle (EV) market, including weighing models for import and local manufacturing, according to two people with knowledge of the discussions.
Cars talking to each other, talking to home appliances, talking to the service bay at the workshop, talking to the OEM for diagnostic solutions – these are not the future, these are already here. And as cars increasingly become computers on wheels, the demands on semiconductors are growing.
Musk's unannounced trip is the latest by a major U.S. CEO to China since the country reversed its zero-COVID policy and reopened its borders. Apple's Tim Cook visited in March, while JP Morgan's Jamie Dimon and Starbucks' Laxman Narasimhan are also in China this week.
European Union remained a top market with more than half of all exports to the region, while electric vehicle volumes were well over a third of total car output, the Society of Motor Manufacturers and Traders (SMMT) said.
Unveiled by Prime Minister Elisabeth Borne, the roadmap includes detailed figures for reductions for individual sectors of the economy, ranging from the transport industry to households. The objectives from speeding up the transition to electric cars or switching freight from road to rivers are aimed at bringing France's ambitions for slashing carbon pollution into line with the EU's target for 2030.
Musk said it was "ironic" that as CEO of Tesla, he now owns Twitter. The social media platform is highly dependent on ads and will soon be led by advertising veteran Linda Yaccarino, who he hired last week.
Senators Bob Menendez and Cory Booker urged U.S. Transportation (USDOT) Secretary Pete Buttigieg not to grant final approval to environmental reviews needed to implement the congestion pricing plan after his department gave a key approval on May 5. Menendez said separately that he is introducing legislation this week that would cut 50% of New York state federal highway grant funding if the plan moves ahead.
The Valeo Product Group designs and manufactures Ultrasonic sensors, Radars, Lidars, Satellite- Smart- Cameras and Compute Units that are used in conjunction with apps to detect obstacles around vehicles, making driving and parking more enjoyable and above all, safer, the company said.
As we celebrate the National Technology Day, EV agnostic portfolio, ADAS technology, and Connectivity of vehicles are some of the key mobility trends that will profoundly affect the automotive industry and its stakeholders in the country.
The building measures pollution from the traffic zooming by. Levels of nitrogen oxides, byproducts of burning gasoline and diesel, have fallen sharply.
The company plans to introduce an India-assembled version of its ID.4 electric car over the next one year, following which it will launch a highly localised electric car that will be targeted at the mass market, VW country brand head Ashish Gupta told TOI. "We expect the Indian market to grow at a CAGR of 5-6% over this decade, and close 2030 with annual sales between 5 million and 5.6 million. Electrics will be 25-30% of this, and the volumes can be anywhere between 1.5 million and 1.8 million units," Gupta said.
The figure was however a huge jump from a year earlier, when the city of Shanghai - where Tesla has a factory - was in COVID-19 lockdown. In April last year, the company delivered only 1,512 China-made Model 3 and Model Y cars in the world's largest auto market.
The Kodiaq nameplate was first introduced in India in 2017, and globally, the Kodiaq was Skoda Auto’s first full-size SUV with the capacity to seat 7. Available in India as a parts and components vehicle under limited numbers so far, the 2023 Kodiaq will now see allotments of 750 cars every quarter, the company said.
Russia's auto industry had been heavily reliant on investment, equipment and parts from overseas and was hit hard by the fallout from Western sanctions and the carmaker exodus in response to Moscow despatching troops to Ukraine in February 2022. Sales of new cars plunged by 59% last year.
The company was emboldened to stick to its annual outlook of a return on sales of 7.5% to 8.5% and higher deliveries by a strong first quarter, boosted by higher revenues in Europe and North America.
Bosch and TSI did not disclose a purchase price. Bosch said it plans to invest USD1.5 billion to retool TSI's chip production facilities in Roseville, California to start producing silicon carbide chips by 2026.
Toyota Kirloskar Motor (TKM) plans to bring more clean technology models - hybrids, flex fuel, hydrogen to name a few, at affordable price points over the next three to five years as part of its plan to reduce dependence on fossil fuel-powered vehicles. Localisation at a rapid pace including sourcing locally made parts and raw materials, will be key to the plan, said the company's top officials.
The touchpoint will display in its three bays Volkswagen Taigun, Volkswagen Virtus, and the global best-seller Volkswagen Tiguan. The new touchpoint will also house eight bays in the service facility, the company said
Name | DIN | Designation | Date of joining | |
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Sandesh Subhash Dugad | Unlock to View | Unlock to View | Director | 22 Jan,2018 |
Sundeep Prakash Bafna | Unlock to View | Unlock to View | Director | 12 Nov,1992 |
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