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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

Green Car Congress

PetroquímicaSuape and Citepe are fully-owned subsidiaries of Petrobras and form part of the company’s Chemical-Textile Industrial Complex in Ipojuca, in the state of Pernambuco. billion in the period 2015-2016—below the US$15.1-billion billion target set for the two-year period.

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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. For Ford, using Volkswagen’s MEB architecture is part of its more than $11.5 As part of the transaction, Volkswagen also will purchase Argo AI shares from Ford for $500 million over three years.

Ford 262
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Nissan launches expanded strategy for Brazil with new $1.4B manufacturing plant; Renault boosting production capacity there by 100,000 units

Green Car Congress

The Brazilian factory, scheduled to begin production in the first half of 2014, will have the capacity to produce up to 200,000 units annually of Nissan’s ‘V’ platform products for sale in Brazil. Today Nissan operates 117 retail outlets throughout the country, with a plan to increase that number to more than 239 by 2016.

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

Cars That Think

percent of auto sales today to some 20 to 25 percent of sales by 2030, not all competitors will be winners in a world soon to be awash in electric vehicles. As a comparison , in 2011, there were only two battery electric and 29 hybrid electric vehicle models offered for sale in the US. The Tesla EV has only around 20 such parts.