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Archive for the ‘Electrified Vehicles’ Category

CEO Says VW Ready to Build 50 Million EVs

German automaker expects to spend nearly $60 bil on batteries alone.

by on Nov.12, 2018

VW's CEO Herbert Diess said the company made arrangements to buy 50 million electric vehicle batteries.

Even though it won’t launch its first long-range battery-electric vehicle, or BEV, until next year, Volkswagen’s CEO is forecasting massive growth in the sector, the German automaker already having “booked” plans to build 50 million BEVs.

Precisely how long it will take to hit that target Volkswagen Chief Executive Herbert Diess didn’t say during an interview with German trade publication Automobilwoche. But the VW Group is expected to sell 10.7 million vehicles this year, a figure that includes a broad range of powertrain technologies, primarily diesel and gasoline.

Dig Deeper!

The launch of a Golf-sized all-electric model next year will put Volkswagen in direct competition with Tesla, and the Germans are preparing to roll out an array of other BEVs, including a reborn Microbus set to be called the I.D. Buzz. Sibling brand Audi, meanwhile, just introduced its first BEV, the e-tron SUV. All told, the various VW Group brands, ranging from entry-level Seat and Skoda to high-line Bentley and Lamborghini, plan to have at least 40 all-electric models in showrooms by 2025. (more…)

VW Reportedly Set to Undercut Tesla Model 3 Price with Entry Long-Range EV

Entry model could come in around $23,000, according to report.

by on Nov.09, 2018

VW plans to have two dozen fully electric vehicles, like this I.D. Crozz concept, in production.

Volkswagen is set to launch a base-model, long-range electric vehicle for less than $23,000, according to a report by Reuters, a price that would undercut the long-awaited entry-level Tesla Model 3 by more than a third.

Initially reluctant to enter the electrified vehicle market, the Volkswagen Group has now laid out an aggressive strategy that will include more than 40 all-electric models, as well as dozens of hybrids and plug-ins, for sale through its dozen different passenger vehicle brands. Meanwhile, the Wolfsburg-based carmaker is in discussions with Ford Motor Co. that could see them cooperate on EV development.

Plug In!

The VW brand itself will cover a wide range of model segments with pure battery-electric vehicles through a new sub-brand dubbed I.D. These will include a reborn version of its legendary Microbus set to be marketed as the I.D. Buzz, as well as mid-sized and smaller offerings. The base model, TheDetroitBureau.com confirmed, is being referred to internally as the “MEB entry.” (more…)

Volvo’s Care Subscription Program Key to Growth Plans

VCNA chief acknowledges reliability concerns but says problems, warranty costs, are tumbling.

by on Nov.08, 2018

Volvo Cars North America CEO Anders Gustafsson with images of some of the first workers at the automaker's new Charleston plant.

U.S. new vehicle sales are on course to post their second consecutive decline as 2018 draws to a close, but you’d have a hard time telling that if you were just looking at Volvo’s numbers.

The Swedish automaker has posted a 27% jump in demand through the end of October and, with more products ready to land in U.S. showrooms, Volvo Cars USA CEO Anders Gustafsson said Thursday he is optimistic the company can keep its momentum growing.

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Brand News!

Several factors could give meaning to his forecast, including not just the launch of the new Volvo S60, but the start of production at the Chinese-owned automaker’s first U.S. assembly plant in Charleston, South Carolina. Then there’s Care by Volvo, the subscription program the carmaker launched late last year.

(more…)

Ford Gets into the eScooter Business With Spin Acquisition

Plans call for growing into 100 cities.

by on Nov.08, 2018

Ford Smart Mobility, LLC acquired Spin, a San Francisco-based electric scooter-sharing company .

Ford is putting a new spin on its push into mobility services – quite literally, with the acquisition of the San Francisco electric scooter start-up Spin.

The move comes as the auto industry attempts to cope with the explosive growth of alternative transportation businesses, ranging from ride-sharing services Lyft and Uber to the growing availability of bicycle and e-scooter rentals in major cities in the U.S. and abroad.

Business News!

“Everywhere you look around the U.S., people’s mobility choices are changing,” Sundeep Madra, head of Ford X, the company’s mobility incubator, wrote in a post about the acquisition. “In crowded and congested cities, especially, many are reconsidering their transportation options. From ride-hailing to dedicated bicycle lanes, people and cities are considering alternatives to personal vehicles, but some are also taking more novel approaches — including scooter sharing.” (more…)

Tesla’s Musk Says Pickup Truck Design is “Futuristic-like Cyberpunk”

He added if it doesn't sell, a more conventional-looking truck may come.

by on Nov.05, 2018

Tesla's Elon Musk said the product he's most excited about is the company's pickup truck.

Now that the Model 3 is launched, Tesla fans want to know what’s on the horizon and a truck has been an oft-mentioned possibility after the Model Y. With those thoughts come possibilities: full-sizes, midsize … compact? Nope.

Cyberpunk.

Product News!

“It’s gonna be like a really futuristic-like cyberpunk, ‘Blade Runner’ pickup truck,” Musk said during the Recode Decode podcast. “It’s gonna be awesome, it’s gonna be amazing. This will be heart-stopping. It stops my heart.” (more…)

GM Is Going to Build eBikes – and Wants the Public to Come Up With a Name

Winner will get $10,000.

by on Nov.02, 2018

One of General Motors' two electric bikes is a distinctively styled compact version.

The word, “mobility” is showing up in transportation circles a lot these days, and expectations are that the public will have plenty of alternative ways to get around in the years ahead, everything from electric scooters to ride-sharing services.

That’s led General Motors to invest billions in a variety of different transportation alternatives, including car-sharing service Maven and it autonomous Cruise Automation subsidiary. Now, the Detroit automaker says, it will be getting into the bicycle business. Make that electric bikes, two of which it unveiled on Friday.

The Last Word!

It wants to start selling them next year but it has a rather significant problem: no name. So, it is asking the public to come up with a moniker for the new brand and will give the participant who submits the winning choice $10,000, with nine runners-up getting $1,000 each.

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Tesla Expects to Spend as Much as $6B in Next Two Years

Money to be used for product development, China plant.

by on Nov.02, 2018

Tesla's move to build a new plan in China will include up to $3 billion to for a new plant and other expenditures.

Already plagued by rumors of needing to raise additional money, Tesla officials expect to spend between $5 billion and $6 billion in the next two years to expand production.

The company, which revealed the plan in its quarter filing with the Securities and Exchange Commission, is making big moves with the money.

The Last Word!

Tesla will spend between $2.5 billion and $3 billion in capital expenditures readying the business for increased Model 3 production, development on its next vehicle, the Model Y, the second-generation Roadster and other projects, according to the filing. (more…)

Tesla Hit with Three Subpoenas by SEC

EV maker reveals new info in quarterly filing.

by on Nov.02, 2018

Tesla CEO Elon Musk's was subpoenaed by the SEC related to the plans to take Tesla private.

Just days after telling the world they had not been served with any subpoenas regarding its predictions or discussions about production of the Model 3, Tesla Inc. officials said they’ve been served with three of them.

That was Oct. 26, but in its quarterly filing with the SEC dated Nov. 2, things had changed.

Dig Deeper!

In the filing, the company said it was served with three subpoenas by the Securities and Exchange Commission. The company notes that no government supervisory or law enforcement agencies have found them guilty of anything. (more…)

Ford, VW Discussions Now Far More Wide-Ranging Than Originally Planned

by on Nov.02, 2018

Ford and VW initially wanted to discuss cooperation on light commercial vehicles.

Talks between Ford and Volkswagen are covering far more territory than originally planned, when the two signed a memorandum of understanding in June that initially focused on joint development of commercial vehicles.

While Ford officials have told TheDetroitBureau.com there is no thought to an exchange of equity, virtually everything else seems at least open for discussion, with a number of key ventures being considered. According to various U.S. and European sources, these include joint development of a small pickup, cooperation on electrified and autonomous vehicles and possibly even collaboration on sales and marketing in trouble-spot markets, such as Europe and Latin America.

Breaking News!

Several reports have suggested that a major announcement could be in the offing, and a source close to the talks told TheDetroitBureau that “There could be an update by the end of the year.” But that person stressed that not all the discussions underway are likely to be resolved immediately, and could be spread out over months, even years – even “if everything (being negotiated) comes true.”

(more…)

First Drive: 2019 Honda Accord Hybrid

Plenty of power, polish make it a keeper.

by on Nov.02, 2018

The 2018 Honda Accord Hybrid won the North American Car of the Year for this year.

Honda has taken its share of quality lumps lately, but its also shown it makes terrific cars such as the Civic and Accord, which was named North American Car of the Year back in January.

Now Honda has rolled out the hybrid version of the Accord and it is also just as impressive in its own ways the Accord that runs only on gasoline.

Reviews You Can Trust!

But the 2019 Accord Hybrid’s blend of gasoline and electric motors make the car even more versatile particularly in urban driving where the EV mode and extra low-end torque from the combined powertrain give the Accord an added dimension that is both practical and pleasing to drive in heavy traffic.  (more…)