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VW embarks on $50 billion electrification plan

16 hours ago DieselGasoil Comments Off on VW embarks on $50 billion electrification plan
WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) plans to spend 44 billion euros ($50 billion) on electric cars, autonomous driving and new mobility services by 2023 and explore closer cooperation with Ford, the German company said on Friday. FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia Read More

VW's supervisory board eyes multi-billion electrification plan

24 hours ago DieselGasoil Comments Off on VW's supervisory board eyes multi-billion electrification plan
FILE PHOTO: Volkswagen e-Golf electric car and charging station are seen during the motor show in Riga, Latvia April 6, 2018. REUTERS/Ints Kalnins FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) supervisory board is due to vote on a multi-billion euro investment plan on Friday, including steps to retool three German plants to mass produce electric cars and Read More

Carmakers lure ride-hailer, delivery drivers in Africa

2 days ago DieselGasoil Comments Off on Carmakers lure ride-hailer, delivery drivers in Africa
NAIROBI (Reuters) – At Suzuki Motor Corp’s (7269.T) showroom in the Kenyan capital, hundreds of its Alto compact cars are waiting to be collected. FILE PHOTO: Suzuki cars branded with Uber stickers are seen in a showroom in Nairobi, Kenya, October 30, 2018. REUTERS/Baz Ratner Most of the customers are drivers for ride-hailing company Uber Read More

Disappointing third-quarter earnings another blow to battered European market

5 days ago DieselGasoil Comments Off on Disappointing third-quarter earnings another blow to battered European market
LONDON (Reuters) – European companies are delivering their most disappointing earnings in nearly three years as a sluggish economy and rising costs take their toll on bottom lines, dealing another blow to investor confidence shaken by Italy’s budget crisis and Brexit. FILE PHOTO: The German share price index DAX graph is pictured at the stock Read More

Tech, oil bear market drop U.S. stocks; bonds rise; markets wrap

1 week ago DieselGasoil Comments Off on Tech, oil bear market drop U.S. stocks; bonds rise; markets wrap
11/9/2018 AUSTIN, Texas (Bloomberg) — U.S. stocks fell amid a fresh batch of weak earnings from the technology sector and concern that a bear market in oil prices may mean trouble for the economy. Treasuries rose. The S&P 500 pared a second straight weekly advance, and the tech-heavy Nasdaq indexes sank after chipmaker Skyworks plunged Read More

diesel (gasoil) summit result is step in right direction: German government

1 week ago DieselGasoil Comments Off on diesel (gasoil) summit result is step in right direction: German government
FILE PHOTO: A traffic sign, which bans diesel (gasoil) cars is pictured at the Max-Brauer Allee in downtown Hamburg, Germany, May 31, 2018. REUTERS/Fabian Bimmer/File Photo BERLIN (Reuters) – A spokeswoman for the German government said on Friday that Thursday’s diesel (gasoil) summit, during which carmakers agreed to spend up to 3,000 euros ($3,403.20) per Read More

VW plans to sell electric Tesla rival for less than $23,000: source

1 week ago DieselGasoil Comments Off on VW plans to sell electric Tesla rival for less than $23,000: source
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make Tesla (TSLA.O) rivals, a source familiar with the plans said. VW and other carmakers are struggling to adapt quickly enough to stringent rules introduced after the carmaker was found Read More

Volkswagen plans to sell electric Tesla rival for less than $23,000: source

1 week ago DieselGasoil Comments Off on Volkswagen plans to sell electric Tesla rival for less than $23,000: source
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make the Tesla (TSLA.O) rival, a source familiar with the plans said. FILE PHOTO: Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show Read More

Volkswagen, Daimler agree to pay for diesel (gasoil) fixes

1 week ago DieselGasoil Comments Off on Volkswagen, Daimler agree to pay for diesel (gasoil) fixes
A fuel tank cap of a diesel (gasoil) car is pictured in Berlin, Germany, October 2, 2018. REUTERS/Hannibal Hanschke COLOGNE, Germany/BERLIN (Reuters) – German carmakers agreed to spend up to 3,000 euros ($3,430) per vehicle to help reduce diesel (gasoil) emissions as the government and industry respond to driving bans in major cities. While Transport Read More

VW denies report it may cover full cost of diesel (gasoil) retrofits

1 week ago DieselGasoil Comments Off on VW denies report it may cover full cost of diesel (gasoil) retrofits
A person takes a photograph of an unrevealed Volkswagen car during the first media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker HAMBURG, Germany (Reuters) – A spokesman for Volkswagen (VOWG_p.DE) on Thursday denied a media report that said the carmaker was prepared to fully Read More