GERMAN AUTMOMAKER VOLKSWAGEN SOLD 9.3 MILLION CARS IN COVID-19 PANDEMIC YEAR 2020

Highlights:

• The automobile company Volkswagen has sold 9.3 million vehicles in the novel corona virus pandemic year 2020
• The global sales of the company Volkswagen have been decreased by 15.2 percent in the year 2020 because of the covid-19 pandemic

VOLKSWAGEN LOSES CASE IN TOP COURT OF EUROPEAN UNION DIESEL SCANDAL

Highlights:

• Volkswagen loses case in the top court of the European Union in Diesel Scandal
• The court said that the company have breached the law installing a defeat device on its cars for cheating on emission tests

On 17th December 2...

BOARD OF VOLKSWAGEN BACKING THE STRATEGY OF CEO’S ELECTRIC VEHICLE FOCUS

Highlights:

• The Board of Volkswagen has been backing up the focus of its CEO on the Electric vehicles
• A board member said that, everyone is grateful for the strategy that the CEO is following

On Tuesday, the shares of the company Vol...

FORD ANNOUNCED TO BUILD MEB ELECTRIC CAR IN GERMANY

Highlights:

• The Automobile company Ford has announced that, the company is looking for building the MEB electric vehicle in Germany
• The company Ford has not confirmed the plans officially

The automaker ‘Ford’ has announce...

VOLKSWAGEN ASKS GOVERNMENT TO AMICABLY RESOLVE LG-SKI SPAT IN LARGER INTERESTS

• Volkswagen has reportedly asked authorities here to possibly talk for truce in the on-going legal battle between LG Energy Solution and SK Innovation (SKI) over the reported theft of electric vehicle (EV) battery-making trade secrets.
• This is concerning impacts which will be fe...

HYUNDAI MOTOR CO. AND KIA MOTORS ASSUME FOURTH PLACE IN GLOBAL EV SALES

• Hyundai Motor Co. and KIA Motors Corp. have been placed fourth in global electric vehicles in the January-September period of 2020.
• Market Research Company SNE Research said on Nov. 23 that Hyundai and Kia sold an aggregate total of 130,000 electric vehicles, including pure ele...

VOLKSWAGEN TO CUT TURKEY PLANT AND WILL MOVE PRODUCTION TO SLOVAKIA

Highlights:

• The Volkswagen Group has decided to cut Turkey and shift the leftovers to Slovakia after the production changes related to corona virus
• The CEO of Volkswagen said that, the company has been reassessing the capacity in Slovakia because of t...

VOLKSWAGEN GROUP TO TRANSFORM GERMAN FACILITIES FOR ELECTRIC VEHICLES

Highlights:

• The Volkswagen Group is going to transform its factories for the electric vehicles in Germany
• The Volkswagen Group which is the largest German automaker have the idea and it Knows that the days of the internal combustion vehicles are numbe...

VOLKSWAGEN EYES ON 90% ELECTRIC CAR SALES NEXT YEAR IN NORWAY

Highlights:

• Volkswagen has been observing that, its electric cars will likely make up to 90 percent of sales in Norway next year
• A record of 61.5 percent of the new cars that were sold in the last month in Norway were powered by fully electric engines...

GERMANY: VOLKSWAGEN CEO SAID DIESEL IS TOO CHEAP FOR MORE AMBITIOUS CLEAN TRANSPORT TARGETS

Highlights:

• Herbert Diess who is the CEO of Volkswagen said that Diesel is too cheap for more ambitious and clean transport
• The CEO of the company said that, the company which has strongly committed to the electric mobility

According...

EUROPE: THE AGE OF ELECTRIC CARS IS GOING TO START AHEAD OF SCHEDULE

Highlights:

• The age of electric cars is going to start ahead of the schedule
• The category of electric vehicles is the only category which has grown during the corona virus pandemic

Volkswagen ID.3 is an electric vehicle for the same ...

GERMANY: A LEADING PUBLICATION CRITICIZED VOLKSWAGEN’S NEW ELECTRIC CAR

Highlights:

• A leading test publication in Germany has criticized the newly launched electric car by Volkswagen
• The publication said that, the inner side of the car looks like it was painted with a spray can

The Auto Motor und Sport p...

CHINA’S EV BATTERY MAKER ROBS ATTENTION OF NINE FLUSH INVESTORS

• China’s biggest Electric Vehicle (EV) battery manufacturer has realized a multi-billion dollar financing roping in global investment banks which include UBS AG and JPS Morgan Chase and Co.
• Shenzhen listed Contemporary Amperex Technology Co. Ltd. (CATL) was sourced with ne...

AUTO EXPERTS: ELECTRONIC VEHICLES LIKELY TO BE THE FUTURE OF THE AUTO-INDUSTRY

Highlights: 

• Tesla’s success through the pandemic inspires the auto industry to foray more seriously into EVs as governments announced incentives 
• 200 new EV models expected in the next 5 years

The need for more electric cars has been...

SOUTH KOREA IMPORT AUTO SALES SURGED BY 5% IN FEBRUARY

Highlights:

• Sales of imported vehicles have seen a surge of 5.3% in February 2020.
• Mercedes-Benz is the leading import brand in this period.
• Volkswagen has rebounded its presence in the market.

According to the data releas...

KUMHO CRUGEN WILL BE USED BY AUDI FOR Q5

Highlights:

• Crugen Premium KL33 tire is selected as an optional OE tire for Audi 2020 Q5 compact SUV.
• The tires are made at Kumho’s factory in Macon, Georgia, and for the assembly, it is then sent to Audi's assembly plant in San Jose Chiapa,...

GLOBAL AUTO INDUSTRY AFFECTED BY WUHAN VIRUS

Highlights:

• Volkswagen, Daimler, General Motors, Renault, Honda, and Hyundai are among the global automakers' dealers that did a huge investment in China.
• China has cut down the production by 15% in the first quarter due to the virus.
• V...

TOYOTA RANKS SECOND IN GLOBAL SALES 2019

Highlights:

• Toyota is in second place in the 2019 global auto sales ranking.
• Toyota sold a total of 10.74 million units globally in 2019.
• Volkswagen remains at the top position for the fourth consecutive year.

Toyota Motor...

VOLKSWAGEN IN AN OPEN RACE WITH ELON MUSK’S TESLA

Highlights:

• Tesla's market value surpassed VW's for the first time ever this week
• Diess is buying several software companies and investing largely in sustainable vehicles, battery cells with hopes of increasing VW sales.

&nb...

Hyundai, Kia deals slide to a seven-year low on China shortcoming, estimate a superior 2020

Seoul-based South Korean car producer, the Hyundai Motor Co., close by one of its backups, Kia Motors, had revealed their most reduced marketing projections in over seven years in 2019, while a shrinking background in China deals for South Korea's driving automaking bunch had driven Hyundai a...