Volvo Cars and China’s Geely plan to merge their combustion engine operations, forming an independent new business unit that could also supply other car manufacturers.
Volvo Cars and China’s Geely plan to merge their combustion engine operations, forming an independent new business unit that could also supply other car manufacturers. Volvo Cars, which is part of the Geely Group, said the move will allow it to focus on the electric motors it expects to power half of all cars sold by 2025.
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The Frankfurt auto show opens next week with a promise to be a showcase for the changing face of personal mobility.
A new survey conducted in the UK found that potential car buyers know relatively little about currently available electric vehicles.
Electrification, driverless-car technology, environmental strategies and new business models are among the top priorities of the German auto industry, but executives, in town for a two-day meeting last week, emphasized vastly different priorities.
BMW has sharply increased the amount of batteries it plans to buy from China’s CATL, underlining its expectations of strong growth in electric vehicle (EV) sales in the next decade.
Tesla will build a car factory as well as an engineering and design center in the greater Berlin area, Elon Musk, CEO of the US electric car maker said Tuesday evening.
The merger attempt by FCA and PSA will be complicated but makes economic and operational sense, including for investing in technology and systems. Whether or not it goes ahead, more consolidation is likely as the automotive industry gears up for electrification
