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Volkswagen Group to invest €51.6B over next five years; seeking to make itself future-proof

Green Car Congress

The Volkswagen Group will invest around €51.6 billion), the Group will spend most of the total amount to be invested in property, plant and equipment in the Automotive Division on modernizing and extending the product range of all its brands. The Group is trying to complete a complex merger with Porsche. billion (US$76.5

Future 199
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MINI realigning model range with emphasis on electromobility; crossover & premium compact segments; and China

Green Car Congress

The British premium automobile manufacturer MINI is realigning its model range, with a focus on drivetrain technologies, vehicle segments and services of the future. In 2008, MINI was a trailblazer for electromobility in the BMW Group.

China 170
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

This represents the largest year-on-year monthly decrease since 1980, when JATO Dynamics started to collect data—even surpassing the global financial crisis in November 2008, which saw a 25% decline in sales. Registrations of SUVs fell by 48% to 338,300 units while increasing their market share to almost 40%.

Europe 261
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GM China and FAW Establish Light Commercial Vehicle Joint Venture

Green Car Congress

General Motors China and China FAW Group Corp. which is located in Ha’erbin, Heilongjiang, and FAW’s share in Hongta Yunnan Automobile Manufacturing Co., In December 2008, the two parties signed a joint venture contract. have formed a light commercial vehicle joint venture: FAW-GM Light Duty Commercial Vehicle Co.

Light 210
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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

Green Car Congress

In 2009, China overtook the United States as the world’s largest automobile market with sales increasing 46 percent from 2008 to 13.6 million vehicles in 2009, according to the China Association of Automobile Manufacturers. Holley Group is an established enterprise in China and is the parent of Holley Metering Limited.

China 186