Technology 

Volkswagen to spend 44 billion euros on electric, autonomous cars by 2023

WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) on Friday said it will spend 44 billion euros on electric cars, digitalization, autonomous driving and new mobility services by 2023 as part of a push by Europe’s largest carmaker to mass produce electric cars. The carmaker also plans to increase productivity of its factories by 30 percent by 2025, by building more vehicles with different brands on the same production line, it said. This will help lower the carmaker’s capital expenditure ratio at the group’s automotive division to six percent of revenues from…

Read More
Technology 

VW says could build up to 15 million electric cars

FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) could build up to 15 million electric cars over several years on its new electric vehicle production platform, the company said on Friday, adding that its Chief Executive Herbert Diess had misspoken in an interview on Monday. Automotive News on Monday quoted Diess as saying that VW could build 50 million electric vehicles globally across its brands, beginning in 2020, and had battery sourcing agreements…

Read More
Technology 

Volkswagen expects to be the most profitable maker of electric cars

WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess on Friday said he expected the multi-brand carmaking group to be the most profitable manufacturer of electric cars thanks to economies of scale. Even first generation vehicles, which start rolling off production lines next year, are expected to make a positive contribution to Volkswagen Group’s automotive margin, Diess said. Diess further said the management board would make a strategic decision about the future of its autonomous driving program in the first quarter of next year. Ford and Volkwagen are in…

Read More
Technology 

VW to convert three German plants to build electric cars

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) will convert three German factories to build electric cars, as Europe’s largest automaker by sales starts mass producing zero-emission vehicles in a major strategy shift following its emissions cheating scandal. FILE PHOTO: A visitor takes pictures of Volkswagen’s I.D. Vizzion model car displayed during a media preview of the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Damir Sagolj/File Photo The German company said on Wednesday its plant in Emden, which currently builds the VW Passat, would build electric cars from 2022…

Read More
Technology 

VW could build up to 50 million electric cars: Automotive News

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) could build up to 50 million electric cars on its new electric vehicle platform and is looking at expanding its manufacturing footprint in the United States, Chief Executive Herbert Diess told Automotive News. FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt/File Photo “We set up the plant in Chattanooga always with the idea to be able to grow it, to mirror it,” Diess was quoted as saying. “The plant is…

Read More
Top stories 

Government-subsidised plug-in cars may never have been charged

Image copyright Getty Images Image caption Most plug-in hybrids in the UK are bought for company fleets Tens of thousands of plug-in hybrids (PHEVs) bought with generous government grants may be burning as much fuel as combustion-engine cars. ​Data compiled for the BBC suggests that such vehicles in corporate fleets averaged just 40 miles per gallon (mpg), when they could have done 130. Many drivers may never have unwrapped their charging cables, The Miles Consultancy said. Subsidies for new PHEVs were recently scrapped, after seven years. The plug-in grant was…

Read More
Technology 

Brazil homebuilder to offer Renault electric cars in buildings

SAO PAULO (Reuters) – Latin America’s largest homebuilder, MRV Engenharia e Participacoes SA (MRVE3.SA), is partnering with the Brazilian unit of French automaker Renault SA (RENA.PA) to offer electric car sharing in its buildings. Co-Chief Executive Officer Rafael Menin said in a Thursday statement that the pilot program was part of the Brazilian homebuilder’s energy efficiency initiatives. The homebuilder aims to offer solar energy panels included in all of its new housing by 2022. In the first phase of the electric car program, two Renault Zoe vehicles will be offered…

Read More
Technology 

VW taps Baidu’s Apollo platform to develop self-driving cars in China

FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Jonathan Ernst/File Photo FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) on Friday said it would join China’s Apollo autonomous driving consortium, which was founded by Baidu, as it seeks to develop self-driving cars for the world’s largest market. Baidu last year opened the Apollo consortium, which uses an open-source approach, to third parties to accelerate development of autonomous vehicles in the face of stiff…

Read More
Technology 

Volvo Cars taps Baidu tech to develop robotaxi for China

STOCKHOLM (Reuters) – Volvo Cars has teamed up with Chinese search engine operator Baidu to develop a self-driving taxi for China, it said on Thursday, opening another frontier to secure its place in the robotaxi market while its Uber supply deal remains in limbo. FILE PHOTO: Hakan Samuelsson, President and Chief Executive Officer of Volvo, smiles during an interview with Reuters after attending a panel discussion about self-driving cars at Diaoyutai State Guesthouse in Beijing, China, April 7, 2016. REUTERS/Kim Kyung-Hoon/File Photo The Chinese-owned Swedish carmaker is one of a…

Read More
Technology 

Driverless cars: Who should die in a crash?

Image copyright Getty Images If forced to choose, who should a self-driving car kill in an unavoidable crash? Should the passengers in the vehicle be sacrificed to save pedestrians? Or should a pedestrian be killed to save a family of four in the vehicle? To get closer to an answer – if that were ever possible – researchers from the MIT Media Lab have analysed more than 40 million responses to an experiment they launched in 2014. Their Moral Machine has revealed how attitudes differ across the world. How did…

Read More