article thumbnail

BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

The BMW Group plans to invest more than €30 billion up to 2025 in research and development to underscore its position as an innovation leader, said Oliver Zipse, Chairman of the Board of Management of BMW AG, at the company’s Annual Accounts Press Conference in Munich. This also expresses our confidence for the future business development.

BMW 291
article thumbnail

PSA Group outlines electrification solutions for future hybrid and electric vehicles; 4 EVs, 7 PHEVs by 2021

Green Car Congress

At its Innovation Day event, PSA Group presented its new electrification strategy. PSA Group is consolidating the development of its models on two global modular platforms—CMP and EMP2—allowing it to offer a wide range of internal combustion, electric and plug-in hybrid gasoline models from 2019.

PHEV 170
article thumbnail

Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

Green Car Congress

By locally integrating its combustion-engine (ICE) and electric vehicle (EV) assembly, American-focused engineering, battery know-how, and software development, Volkswagen aims to drive 55% of US sales to be fully-electric by 2030. Scott Keogh, President and CEO, Volkswagen Group of America, Inc. 4 in 2022, the ID.

article thumbnail

VERBIO launches first cellulosic RNG plant in the USA

Green Car Congress

Collaboration between VERBIO and Alliant Energy led to the opening of the facility, which Alliant Energy serves with both natural gas and electric service. The Group has approximately 900 employees at its locations in Germany, India, the USA, Canada, Poland, and Hungary.

USA 195
article thumbnail

Chrysler Group files S-1 for IPO; snapshot of R&D priorities; exploring a light-duty hydraulic hybrid

Green Car Congress

Chrysler Group LLC has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering of common shares. Chrysler is also seeking to reduce electrical loads through application of higher efficiency fans and fuel pumps. Details of the offering—i.e.,

Chrysler 268
article thumbnail

SEAT launches all-new Leon; gasoline, diesel, CNG, mild-hybrid, plug-in hybrid; €1.1B investment

Green Car Congress

The company, a member of the Volkswagen Group, has invested more than €1.1 The new-generation compact car benefits from gasoline (TSI); diesel (TDI); compressed natural gas (TGI); mild-hybrid (eTSI) and plug-in hybrid (eHybrid) units. SEAT presented at its Martorell facilities the all-new SEAT Leon compact. TSI 81kW/110PS and the 1.5-liter

Plug-in 243
article thumbnail

Volkswagen Group to invest more than €62 billion up to 2016; largest-yet investment package for new models, advanced technologies and production facilities

Green Car Congress

The Volkswagen Group will invest around €62.4 More than half of this (57%) will be invested in Germany alone; investments in the German locations will focus on alternative drives, new generations of diesel and gasoline engines, and new generations of Volkswagen’s innovative direct shift gearboxes. billion (US$85.4 billion (US$68.7

2016 210