Remove For Sale Remove Market Remove Parts Remove South America
article thumbnail

A Volkswagen brand pickup will not happen, but we still have Scout’s EV truck coming

Baua Electric

Volkswagen Group America CEO Pablo Di Si told MotorTrend at the Chicago Auto Show this week, “It is not in the plans anymore.” Although part of VW’s 2020 alliance with Ford included building a medium-sized pickup, it won’t launch in the US. It’s currently sold in South America, but again, it won’t enter the US.

Jeep 52
article thumbnail

Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

Green Car Congress

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. Volkswagen will supply MEB parts and components as part of the collaboration. billion investment in electric vehicles worldwide.

Ford 262
article thumbnail

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

Green Car Congress

The Petrobras Board of Directors also approved the sale of Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe) to two subsidiaries of the Mexican company Alpek, for US$385 million. Alpek is a listed Mexican company, owned by Alfa, S.A.B.

article thumbnail

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. In Brazil, Nissan has grown significantly in the past two years, more than doubling its market share calendar year-to-date in 2011 to 1.7%.

Brazil 186
article thumbnail

Volkswagen Group delivers more than 10M vehicles in one year for first time

Green Car Congress

That is impressive confirmation we are vigorously implementing our Strategy 2018 despite challenging market conditions. We are also making good progress with our other main goals: return on sales, customer satisfaction and top employer. —Group Board member for Sales Christian Klingler.

article thumbnail

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil. The second wave of ethanol fuel production and consumption in the Brazilian market began in the 1990s when the use of anhydrous ethanol started to rise.

article thumbnail

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

Cars That Think

Yet, even with the global EV market share projected to grow from only about 2.6 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. The Tesla EV has only around 20 such parts.