Punch Powertrain PSA e-transmissions is operational

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Punch Powertrain PSA e-transmissions, the joint venture between the French PSA Group and the Belgian transmission manufacturer Punch Powertrain, has now been established following official approvals. The company started operations on 17 September. PSA and Punch Powertrain had first envisioned the joint venture two years ago. Now Punch Powertrain holds a 61 per cent majority […]

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CO2 pooling: VW merges fleets with SAIC and Ford

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The Chinese automotive group SAIC has joined the Volkswagen Group’s CO2 pool in the EU with its brands MG Motor and SAIC Motors Europe. This is according to an official document of the European Commission. The so-called CO2 pooling is a controversial method of avoiding fines in view of the increasingly strict carbon emission fleet […]

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Ford lays founding stone to produce the F-150

Ford has now officially laid the foundation stone for a new facility next to its truck plant in Dearborn, Michigan, to produce the electric version of the F-150 pickup truck from mid-2022. A hybrid version of the pickup truck will also be produced there. On the occasion of the foundation stone ceremony, The US automaker […]

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Ultium Drive: five e-drives for GM’s electric cars

Following its Ultium modular battery system, General Motors has now introduced a family of five drive units and three motors under the name Ultium Drive, which will power the Group’s next-generation electric vehicles. General Motors says that the Ultium Drive will offer significant advantages over GM’s previous electric vehicles in terms of performance, scalability, speed […]

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VW brand boss Brandstätter: “The ID.4 will be a world-class car.”

Shortly before the world premiere of ID.4, VW brand boss Ralf Brandstätter and Volkswagens eMobility board member Thomas Ulbrich took questions from journalists. The managers mentioned some interesting figures about the e-SUV, on expected sales in particular. With the ID.3, VW launched the first model of its “e-Offensive” a few days ago, and last Friday […]

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BMW iX3 now up for order in the UK

BMW has just revealed the launch specifications and prices for the BMW iX3 for the UK market, which is available to pre-order from today onwards. UK customer deliveries will commence in summer 2021. The electric car is coming to UK shores with two exclusive editions – Premier Edition and Premier Edition Pro. Prices will start […]

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Tesla targets 100 more hectares for Giga Berlin

Tesla has submitted an application to the state of Brandenburg for the clearing of a further 100 hectares of forest on its Giga Berlin site. Back in the USA, the electric car manufacturer’s construction plans for its latest Gigafactory in the state of Texas have now been made public. At the Giga Berlin site in […]

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Evergrande earns half a billion dollars via shares

Evergrande New Energy Vehicle, the NEV offshoot of the Chinese Evergrande Group, has raised around half a billion US dollars in fresh capital by selling treasury shares to a number of external investors. Among the investors are prominent names like Tencent and Didi Chuxing. Specifically, the deal involves 176.58 million existing shares for at least […]

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VW confirms Zellmer as new board member

Jürgen Stackmann, member of the Board of Management of the VW brand, has left the Volkswagen Group with immediate effect. Since September 15, the new Board Member for Sales has been Klaus Zellmer, previously head of Porsche Cars North America. Brand CEO Ralf Brandstätter officially thanked Stackmann for his “commitment and competence” with which the […]

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Kia plans seven different BEV models by 2027

Kia has published an update on its electrical strategy, which builds on the ‘Plan S’ presented in January. Some of the targets set at that time have now been watered down again. For this purpose, there is a first sketch of the electric sedan starting in 2021. To sum up: After Hyundai had already presented […]

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