Volkswagen (VOWG_p.DE) said it will spend 44 billion euros (39 billion pounds) on electric cars, digitalisation, autonomous driving and new mobility services by 2023 as part of a push by Europe’s largest carmaker to mass produce electric cars.
Mahindra & Mahindra Limited of the USD 20.7-billion Mahindra group launched its second off-road training academy here.
Volkswagen’s Herbert Diess will take on the responsibilities for the carmaker’s China business in addition to his duties as group CEO, Handelsblatt daily reported, as the company’s supervisory board met in Wolfsburg.
The race to build a better electric car battery is turning to silicon, with several companies working to engineer types of the material that can boost driving range and cut production costs.
Tesla has acquired trucking companies to ensure early delivery of Model 3 and help buyers get tax credits by the end of the year, the electric car company's CEO Elon Musk said in a tweet.
German luxury carmaker Mercedes-Benz launched new CLS model with a starting price of Rs 84.70 lakh (ex-showroom, all India).
Mahindra & Mahindra said it will increase price of its newly launched multi-purpose vehicle (MPV) Marazzo by Rs 30,000 to Rs 40,000 from January 1, 2019.
Vistara will get 15.8% incremental market share from Jet Airways and Jet Lite. There will also be ore than 6 times increase in weekly Flights. The company will get public listing through a reverse merger into Jet Airways.
Mahindra Electric Mobility said it would invest a total of Rs 1,000 crore by 2020 for electric vehicles including the latest Treo and Treo Yaari vehicles.