article thumbnail

Volkswagen to offer refreshed Tiguan with new plug-in hybrid powertrain in Europe

Green Car Congress

This versatile vehicle is available for sale in 80% of countries in the world and is the most successful SUV on the market in Europe. In October 2019, Volkswagen added a plug-in hybrid drivetrain for the Chinese model. In Shanghai, Volkswagen manufactures the LWB Tiguan L for the Chinese market.

Plug-in 307
article thumbnail

Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

Green Car Congress

The Group therefore reached not only its targets for 2016 but also a new record, helped in particular by increases in Western and Central European markets and in the Asia-Pacific region. Profit attributable to the Chinese joint ventures was down slightly in the reporting period, as expected. billion (US$7.71 billion) and €5.4

2016 150
article thumbnail

Tesla’s Tom Zhu takes over North America sales, service & deliveries

Teslarati

Tesla’s global vice president and CEO of the Greater China region, Tom Zhu, took over responsibilities for sales, service, and deliveries in North America, Electrek reported , citing sources familiar with the matter. Reuters reported that Zhu traveled with a team including Song Gang, Tesla’s Shanghai Gigafactory.

article thumbnail

CNHTC acquiring 34% of UQM stock; forming new JV for electric propulsion systems in China

Green Car Congress

through its wholly owned subsidiary, Sinotruk (BVI) Limited (collectively, CNHTC”, the parent company of Sinotruk, a leading Chinese commercial vehicle manufacturer. UQM Technologies has entered into a definitive stock purchase agreement with China National Heavy Duty Truck Group Co.,

China 150
article thumbnail

Volkswagen Group outselling GM in China

Green Car Congress

While the situation in Brazil in particular remained tense, there was significant growth on the Chinese market. million vehicles (+8.1%) were delivered in the Asia-Pacific region in the first nine months, including the 2.85 Deliveries in the Asia-Pacific region in September increased by 16.4% of total group sales.

China 150
article thumbnail

Volvo Group to acquires 45% of Dongfeng Commercial Vehicles for $900M; Volvo to become world’s largest manufacturer of heavy-duty trucks

Green Car Congress

AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of a new subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV), which will include the major part of DFG’s medium- and heavy-duty commercial vehicles business. China is the world’s largest truck market.

Volvo 294
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. naval power, the Chinese, for example, prefer pipeline natural gas supplies over seaborne LNG supplies. The land-based oil distribution network is smaller, but also important.

Russia 150