BERLIN — Volkswagen Group will speed up its shift to electric cars and revamp its software strategy in a five-year investment plan presented by management to the supervisory board on Friday, the automaker said in a statement. VW’s supervisory board discussed how to rejig the automaker’s production network to accelerate the move to cleaner driving,
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5:30 PM ET Red Bull sister team AlphaTauri has introduced flashes of red to its colour scheme for the 2023 season. The Italian team, named after Red Bull’s fashion brand, launched their car at New York’s Fashion Week on Friday to continue the company’s U.S-themed start to the new season. AlphaTauri AlphaTauri Reigning champions Red
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A Detroit real estate firm plans to turn a 117-year-old former Cadillac assembly plant into 90 apartments. The building was constructed in 1905, not long after a fire destroyed the original Cadillac plant on the same site, according to city documents. It was designed by George Mason, whose firm also designed Detroit’s Masonic Temple and
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Ford is radically changing its business model in Europe in a bid to become sustainably profitable in the region. The automaker is dropping the Focus compact car and Fiesta small hatchback as it shifts to a smaller, all-electric passenger car lineup. It’s also axing thousands of jobs — many of them product development staff —
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6:43 AM ET Jean-Eric Vergne of DS Penske won an action-packed Hyderabad E-Prix on Saturday, marking a successful return of a high-profile motorsport event in India. Vergne held off a strong challenge from Envison Racing’s Nick Cassidy to cross the chequered flag in the first place despite having less than 0.5 percent energy left in
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Auto dealers fear higher interest rates will affect consumer vehicle demand in 2023, and some expect the increased borrowing cost to erode finance and insurance product sales volume or force lower rate reserve margins. Automotive News‘ 2023 Dealer Outlook Survey of 264 dealers and dealership managers in January found interest rates were overwhelmingly dealers’ biggest
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Electric vehicle charging company Flo plans to launch Flo Ultra, a fast charger designed for safety and accessibility with two charging ports per unit, next year. “As new EV drivers hit the road, they will be looking for fast charging that is safe, accessible, convenient, intuitive and reliable,” Nathan Yang, FLO chief product officer, said
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By Joey Klender Posted on February 10, 2023 Tesla’s road to $7.5 billion in government subsidies that would help it expand electric vehicle charging means giving up its biggest strength: an exclusive charging network for its owners. Tesla will have to expand its charging infrastructure to include the Combined Charging System, or CCS, connectors, which
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11:44 AM ET Six protesters who were involved in a track invasion on the opening lap of last year’s British Grand Prix have been convicted after a two-week trial. Prosecutors claimed the members of the Just Stop Oil environmental campaign group, five of whom briefly sat on the circuit while the race was going on,
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