Tag Archives: Industry

Volkswagen to install 2,000 fast chargers across US by end of 2019

Volkswagen and its Electrify America unit announced plans to install 2,000 fast chargers at 500 stations across the country by the end of 2019. VW's announcement on Wednesday included news that it also plans to install numerous chargers at 100 Walmarts in the U.S. The plan is part of VW's agreement to spend $2 billion nationwide after its diesel-cheating...

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Cadillac President Johan de Nysschen departs brand

A major executive shuffle played out on Wednesday as General Motors announced Cadillac President Johan de Nysschen is leaving the brand, effective immediately. Replacing the now-ex Cadillac boss is Steven K. Carlisle, who was most recently managing director and President of GM Canada. De Nysschen has been an integral figure at Cadillac since his appointment...

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China will scrap ownership limits on foreign automakers by 2022

Since 1994, China has mandated foreign automakers to create joint-ventures with domestic companies to regulate ownership limits. The foreign companies have been limited to no more than 50 percent ownership. It's led to numerous tie-ups between established Western automakers and budding Chinese companies. Such regulations will soon enter a sunset period, and...

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Goodyear developing tires for needs of electric cars

Tires are a critical component of the driving experience, and electric cars bring their own challenges. Battery-electric vehicles weigh more, produce greater torque than traditional vehicles from a stop, and usually require low rolling resistance. Goodyear has a future tire solution in development that addresses these issues. Goodyear calls it the...

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Porsche plans 500 fast chargers in US by end of 2019

Porsche will come out next year with an electric car based on its Mission E concept from the 2015 Frankfurt auto show. The automaker doesn't want potential owners to worry about a lack of charging infrastructure so plans to install at least 500 fast chargers at popular spots in the United States, including at its 189 dealerships and some highway stops. The...

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Mercedes-Benz Collection subscription starts trials in 2 US cities

Mercedes-Benz is the latest to jump on the car subscription bandwagon with the new service Mercedes-Benz Collection to start trials this June in Nashville, Tennessee and Philadelphia, Pennsylvania, the automaker confirmed Thursday. It follows Mercedes' announcement in March of the Mercedes me Flexperience subscription for the German market, as well as BMW's...

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VW Group ousts CEO, names Diess as replacement, announces restructuring

Volkswagen Group has ousted CEO Matthias Müller and replaced him with Herbert Diess, previously CEO of the Volkswagen brand within the larger 12-brand corporation. The move is part of an effort to reorganize the company to do business more efficiently, the company said. VW Group will reorganized into six business areas and the China region, which is VW...

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Lincoln taking steps to protect resale value

Lincoln is future-proofing the residual values of its vehicles by curbing sales to fleet businesses. In the short term, the move is hurting monthly sales figures. The plan is part of Ford CEO Jim Hackett's strategy to improve Lincoln's operational fitness, Automotive News (subscription required) reported on Sunday. The fleet sale cuts will see fewer cars...

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Report: Tesla targets November 2019 state date for Model Y production

Tesla's next model bound for production is the Model Y, a small SUV related to the Model 3. The company released a teaser for the vehicle last June and confirmed a launch date in 2019. Reuters has since learned from supplier sources that Tesla is looking to start production of the Model Y in November of 2019 at the company's vehicle plant in Fremont...

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