article thumbnail

Volkswagen picks up pace of transformation with new ACCELERATE strategy

Green Car Congress

In 2016, Volkswagen kicked off its far-reaching transformation and the industry’s biggest electric offensive with the TRANSFORM 2025+ strategy. The individual configuration will no longer be set through the hardware when the vehicle is purchased. With our strategy we will ACCELERATE towards the digital future.

article thumbnail

BMW Group to build new $1B plant in Mexico; production start in 2019

Green Car Congress

The BMW Group has maintained good relations with Mexican suppliers for many years and purchased products worth $1.6 This will increase that plant’s annual production capacity to up to 450,000 vehicles by the end of 2016 and make Spartanburg the largest plant in the BMW Group’s international production network.

Mexico 210
article thumbnail

Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

Green Car Congress

Volkswagen started developing its MEB architecture in 2016, investing approximately $7 billion in this platform. As part of the transaction, Volkswagen also will purchase Argo AI shares from Ford for $500 million over three years. Volkswagen will invest $2.6

Ford 262
article thumbnail

Ford continues executive shuffling in wake of replacement of CEO; Marakby back from Uber to lead electrification

Green Car Congress

On Monday, Ford Motor Company announced the immediate replacement of Mark Fields as CEO by Jim Hackett, who had led Ford Smart Mobility LLC since March 2016. Ford also announced changes in roles for three top executives: Jim Farley (Global Markets), Joe Hinrichs (Global Operations) and Marcy Klevorn (Mobility). Earlier post.).

Ford 170
article thumbnail

Ultraviolette Automotives: A Force To Be Reckoned With In The 2-Wheeler Market

Get Electric Vehicle

Ultraviolette Automotive was founded in 2016 by Niraj Rajmohan and Narayan Subramaniam. Ultraviolette Automotives: Disrupting 2-Wheeler Landscape Ultraviolette Automotives has been making headlines since its inception and we see great potential in the company to disrupt the Indian 2-wheeler EV market.

Market 75
article thumbnail

As Electric Car Makers Ante Up Billions, Software Is Ace in the Hole

Cars That Think

Consulting firm KPMG , for example, estimates that in addition to the 179 new battery EV model launches and refreshes between 2016 and 2020, at least another 251 are expected between 2021 and 2023 by traditional auto manufacturers, or original equipment manufacturers (OEMs) as they are referred to in the industry, as well as start-ups.

article thumbnail

2020 Top 10 Countries in the Global EV Revolution

EV Sales

The only exception to this geographical intra-Europe rule was Ukraine, entering the Top 10 in 2016-2018 on the power of grassroots-driven lively market of second-hand EV imports, which seems to have stalled in 2019-2020. In South America BYD seems the only E-bus act in town. Or have subsidies been cut too quickly?

2020 52