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Hyundai and Kia make €100M strategic investment in Arrival to co-develop electric commercial vehicles

Green Car Congress

The partnership with Arrival will help Hyundai and Kia meet the rapidly growing demand in Europe for eco-friendly commercial vehicles, and accelerate the brands’ transformation from car makers to clean-mobility providers. Founded in 2015, Arrival has production plants and R&D centers in the US, Germany, Tel Aviv, Russia and the UK.

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

Green Car Congress

billion) was substantially higher than the prior-year figure (up 14%); the operating return on sales rose to 6.7% (6.0%). In spite of further challenges resulting from the diesel issue and the persistently difficult conditions in vehicle markets such as Brazil and Russia, the Group delivered 10.3 billion (US$15.4 in 2017.

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Is A Second OPEC Cut In The Cards?

Green Car Congress

OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. At this level, OECD commercial oil stocks were 299 million barrels above the five-year average, OPEC said. But resurgent U.S.

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Ford launching major new product push in Europe; fuel economy and 1.0L EcoBoost engine; first Ford full hybrid car for Europe

Green Car Congress

At a “Go Further with Ford” event in Amsterdam, Ford Motor Company detailed plans for an aggressive product acceleration in Europe, targeting opportunities for growth in the large car, SUV and commercial vehicle segments while emphasizing fuel economy and enabling technologies such as the EcoBoost engines. Commercial vehicles.

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Volkswagen Group: 10-million vehicle sold mark for 2014 within reach; China largest single market

Green Car Congress

The ten million mark is within reach in spite of all the uncertainties in the global automotive sector ,” Christian Klingler, Group Board Member for Sales, said in Wolfsburg. 240,700 (276,200; -12.9%) models were handed over to customers in Russia. 240,700 (276,200; -12.9%) models were handed over to customers in Russia.

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