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☆ Volkswagen plans job cuts, further launch delays at software unit -manager magazin
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

Volkswagen logo is pictured at the 2022 New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsBERLIN, Oct 27 (Reuters) - Volkswagen (VOWG_p.DE) wants to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan which will see its long-awaited new software architectures delayed even further, news outlet manager magazin reported on Friday. There is no concrete information on where positions should be cut in terms of structure and tasks," a Volkswagen works council spokesperson said. A Cariad spokesperson declined to comment on the article, but said Cariad CEO Peter Bosch has been working on a "comprehensive transformation plan" for "repositioning" the company since the summer. Volkswagen appointed Bosch, formerly Bentley production chief, as head of the unit earlier this year in an effort to get Cariad back on track.

Persons: Brendan McDermid, magazin, Peter Bosch, Herbert Diess, Miranda Murray, Friederike Heine, Kirsten Donovan Organizations: New York, REUTERS, Rights, Audi, Porsche, VW, Volkswagen, Bosch, Bentley, Thomson Locations: Manhattan , New York City, U.S

☆ Audi puts planned Formula One entry under review - Spiegel
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

A logo of Audi is seen outside an Audi car dealer in Brussels, Belgium March 13, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBERLIN, Oct 26 (Reuters) - Audi has placed its plans to enter Formula One under review, German news outlet Spiegel reported on Thursday. Citing sources at parent company Volkswagen (VOWG_p.DE), Spiegel said the plans were being "analysed in detail" in the wake of a management change and cost-cutting measures. Asked for official comment by Spiegel, Audi said the plan for Formula One entry had been agreed by its management and supervisory boards as well as its parent company, and that the timetable remained unchanged. Audi announced last year that it would enter Formula One from 2026 with one of the sport's existing teams and using a new power unit to be built in Germany.

Persons: Yves Herman, Spiegel, Audi, Markus Duesmann, Duesmann, Gernot Doellner, Friederike Heine, Miranda Murray Organizations: Audi, REUTERS, Rights, Formula, Spiegel, Volkswagen, Thomson Locations: Brussels, Belgium, Germany

☆ Consumers can now find huge discounts on electric cars
▼ + stars: | 2023-10-21 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

CNN —Thanks to growing competition in the market, and some reticence from consumers, automakers and car dealers are offering huge discounts on electric vehicles, particularly luxury models. In September 2022, the average electric vehicle purchased in the United States, excluding Teslas, went for about $1,500 over sticker price. (Remember, for most new vehicles, the manufacturer’s suggested retail price, or sticker price, is just a suggestion, with the final selling price usually higher or lower.) In sheer dollars, the average price paid for a non-Tesla electric vehicle actually went up slightly over the past year. A couple looks at a Volkswagen ID.4 electric vehicle while shopping at a new car dealership.

Persons: Joseph Yoon, Pat Ryan, ” Ryan, Michael Nagle, Tesla, It’s, Yoon, Alison Flores, “, Edmunds, Charles Krupa Organizations: CNN, Edmunds, Nissan, New York, Bloomberg, Getty, Tesla, Teslas, Audi, BMW, Mercedes, Volkswagen, Hyundai, Volvo, Tax, H, AP Locations: Edmunds, United States, That’s

☆ It could take a decade for other automakers to catch Tesla — and none are 'leading contenders' just yet, experts say
▼ + stars: | 2023-10-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . EV sales are growing — they hit a record 300,000 sales in the US by Q3 — but it's happening at a less rapid pace than many in the industry were anticipating. Pricing, lacking infrastructure, and macroeconomic factors will continue to influence buyers' uptake of EVs other than Teslas, the Cloud Theory report said. As such, Cloud Theory experts say: "No company — not even Tesla — is guaranteed a seat at the head table."

Persons: Tesla, —, Theory, Elon, Rick Wainschel, It's Organizations: Service, Cox Automotive, Ford, Chevrolet, EV, Manhattan Locations: China

Volkswagen has said that cost-cutting plans would include focusing on fewer high-volume models as well as streamlining production of VW passenger cars, SEAT/CUPRA and Skoda. The Volkswagen brand has the company's highest sales volume by far, but margins traditionally lag behind luxury Audi and Porsche vehicles. A Volkswagen brand spokesperson confirmed that talks began with workers in early October and that it would not comment further on the timeline or content of discussions. Labour representatives, including the head of Volkswagen works council Daniela Cavallo, make up half of the company's supervisory board per German corporate governance law for large firms. A works council spokesperson confirmed a first meeting had taken place but declined to comment further on the timeline.

Persons: Matthias Rietschel, carmaker, Arno Antlitz, Brand, Thomas Schaefer, Daniela Cavallo, Cavallo, Victoria Waldersee, Christoph Steitz, Rod Nickel Organizations: Volkswagen Group, REUTERS, BERLIN, Volkswagen, VW, SEAT, Skoda, Porsche, Labour, Thomson Locations: Zwickau, Germany

Israel Ziv, a former general, reached a nearby battle in his Audi. “We are brought up to run as fast as possible toward the fire,” said General Goldfus. The camera mounted on the Hamas commander’s head captured the moment he was shot and killed. By the time the video stops, the commander can be seen slumped on the ground, revealing his long beard and thinning hairline. In other parts of southern Israel, the first formal reinforcements came from an Israeli commando unit that arrived in helicopters, according to the senior Israeli officer.

Persons: Israel Ziv, Yair Golan, ”, Goldfus Organizations: Audi, Hamas Locations: Gaza, Israel

It comes amid criticism that the lending institutions are not taking climate change and the vulnerabilities of poor countries enough into account in their funding decisions. Dysfunctional because the system as a whole is too slow to respond to new challenges, such as climate change. Lee pointed to an IMF program that launched last year to help poor countries address problems like climate change. “The national policy to address climate change is lax — little or no focus is on climate change and the nexus between climate change and conflict in the Sahel is underappreciated,” Hassan said. “Go beyond the conflict itself to start prioritizing climate change as the root cause of the problem affecting these countries."

Persons: ”, William Ruto, Akinwumi Adesina, Moussa Faki, Patrick Verkooijen, Daniel Lee, Lee, Rwanda —, Carlos Lopes, It’s, Idayat Hassan, Ibrahim Audi, Femi, Lopes, ” Hassan, “, ” Mimiko, — Organizations: Global, International Energy Agency, International Monetary Fund, World Bank, New York Times, Kenyan, African Development Bank, African Union, IMF, Mandela School of Public, University of Cape, Center for Strategic, International Studies, Obafemi Awolowo University, Africa Climate Summit, International Rescue Committee, AP Locations: ABUJA, Nigeria, Africa, Africa's Sahel, Burkina Faso, Chad, Mali, Niger, Marrakech, Morocco, Rwanda, University of Cape Town , South Africa, Nigeria's, Katsina, Kenya

☆ Rooney appointed new manager at Birmingham City
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

Sep 9, 2023; Washington, District of Columbia, USA; D.C. United head coach Wayne Rooney looks on from the sidelines during the second half against San Jose Earthquakes at Audi Field. Mandatory Credit: Amber Searls-USA TODAY Sports/File Photo Acquire Licensing RightsOct 11 (Reuters) - Former Manchester United and England forward Wayne Rooney has been appointed manager of Birmingham City on a three-and-a-half-year contract, the second-tier Championship club said on Wednesday. Former DC United coach Rooney replaces John Eustace, who was sacked on Monday with the Midlands side sixth in the standings -- 12 points behind runaway leaders Leicester City. Rooney, 37, stepped down as manager of Major League Soccer (MLS) club DC United last week after they missed out on the MLS Cup playoffs for the fourth consecutive year. As a player, Rooney scored 253 goals for United, won five Premier League titles and the Champions League with the Old Trafford club.

Persons: Wayne Rooney, Amber Searls, Rooney, John Eustace, " Rooney, Ashley Cole, John O'Shea, Wayne, Tom Wagner, Aadi Nair, Christian Radnedge Organizations: District of Columbia, United, San Jose Earthquakes, Audi Field, Manchester United, Birmingham City, Former DC United, Midlands, Leicester City, Blues, England, Ireland, Major League Soccer, DC United, MLS, Birmingham, Premier League, Champions League, Old, England's, Middlesbrough, Thomson Locations: Washington, District, USA, England, Derby County, Old Trafford, Bengaluru

☆ My 51-year-old dad disappeared trying to rescue my sister after Hamas launched its attacks on Israel. We traced his phone — but his whereabouts, and his fate, are a mystery.
▼ + stars: | 2023-10-10 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

On Saturday, Hamas militants entered Israel and launched a devastating attack by land, sea, and air. The son of a man who vanished trying to rescue his daughter from the festival is scrambling to locate him. Peretz's father, Mark, 51, went missing on Saturday, shortly after the Palestinian militant group Hamas attacked Israel. That morning, my father knew that my little sister Maya was not in the house and tried contacting her. The last thing I heard through the phone was my father's voice, screaming: "No, I'm Israeli, I'm Israeli.

Persons: —, Reed Alexander, Gilad Peretz, Peretz's, Mark, Mark Peretz, Maya, Gilad Perez, we've, haven't, We're, isn't, he's, it's, we're Organizations: Hamas, Service, Audi Locations: Israel, Nova, Gaza, Palestinian, Tel Aviv

☆ 'This is Israel's 9/11': Why Israelis say Hamas' unprecedented assault will change their country forever
▼ + stars: | 2023-10-09 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

Some are likening Saturday's attack on Israel by Hamas to the September 11, 2001, attacks on the US. The timing of the attack on Saturday morning "was a shock," Aisenberg told Insider on Sunday night from her home. Up and down the country, Israelis were angered by the lapses that enabled Hamas to evade the eyes of Jerusalem's military and intelligence services, Quinn added, calling the failures "incomprehensible." AdvertisementAdvertisementThere, close to the Gaza border, Aisenberg's mother- and father-in-law spent much of Saturday afternoon hiding in their home as Hamas fighters infiltrated their small town and wreaked havoc. 'We cannot afford to be divided'As the fighting continues, Aisenberg said Israelis are determined to prevail against Hamas and Hezbollah.

Persons: —, Aisenberg, they'd, — Aisenberg, I'm, Ian Bremmer, Jessica Cohen, Benjamin Netanyahu, Israel, Iron, Netanyahu, Kenneth Quinn, who's, Quinn, Be'er Sheva, he'd, Quinn's, Cohen, Gilad Peretz, Mark, she'll Organizations: Service, Eurasia Group, Israel, West Bank, Street, Islamic Revolutionary Guard Corps, Palestinian Health Ministry, Soroka Hospital, Audi Locations: Israel, Tel Aviv, Israel's, United States, Gaza, Sderot, Pearl, Hawaii, Long Island , New York, Al, Aqsa, Jerusalem, Saudi Arabia, Riyadh, Iran, Afghanistan — Israel, New York, Be'er, Nova, revel, Lebanon

☆ Lionel Messi suffers first defeat in Inter Miami colors while Wayne Rooney parts ways with D.C. United
▼ + stars: | 2023-10-08 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —Lionel Messi suffered his first defeat for Inter Miami on Saturday, succumbing to a 1-0 loss against FC Cincinnati which ended the club’s hopes of reaching the playoffs. Messi had missed Miami’s last four games due to injury and the club faltered in his absence, losing two and drawing two of its fixtures. “His injury is healed, but his rhythm was just off,” Miami’s head coach Gerardo Martino said, according to ESPN. Geoff Burke/USA Today/ReutersThe former England and Manchester United forward was appointed head coach last July after a two-year spell at the helm of English Championship club Derby County. Rooney first joined D.C. United as a player in 2018 and made 48 appearances for the team during the final chapters of his playing career.

Persons: Lionel Messi, Messi, Miami’s, Álvaro, “, ”, Gerardo Martino, hasn’t, Wayne Rooney, ” Wayne Rooney, Geoff Burke, Rooney Organizations: CNN, Inter Miami, FC Cincinnati, Cincinnati, ESPN, Miami, Paraguay, Major League Soccer, United, New York City FC, Audi Field, Reuters, Manchester United, English Championship, Derby County, MLS, D.C Locations: Argentine, Peru, USA, England

The FIA decision does not guarantee Andretti will get the two-car team he wants. “Andretti Formula Racing LLC was the only entity which fulfils the selection criteria that was set in all material respects. Only four applicants completed the entire process; Andretti, with engines that would be General Motors-badged under the Cadillac banner, was deemed to be the only worthy applicant. Andretti has said his team will really be the American team with an actual American driver and the backing of GM and an American sponsor. For that reason, the parameters to join F1 and the entire application process is now extremely stringent.

Persons: Michael Andretti, Andretti, Cadillac, Mario Andretti, Michael, They've, Mohammed Ben Sulayem, Ben Sulayem, “, ” Ben Sulayem, Red Bull, Mercedes —, they've, Gene Haas, Haas Organizations: FIA, Andretti Global, Liberty Media, Andretti, Racing, “ Andretti, Motors, General Motors, GM, Audi, Honda, Ford, Porsche Locations: United States, North America, American

☆ The world needs cheap electric cars. That spells trouble for Big Auto
▼ + stars: | 2023-09-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

The world needs affordable EVs more than ever as electric cars will play a big role in hcelping countries cut planet-heating pollution. “When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. It is by far the world’s biggest EV battery manufacturer and dominant in the supply and processing of many critical components needed to make the batteries. Global automakers have had little choice but to enter into joint ventures with Chinese EV and battery manufacturers. EU lawmakers have voiced concerns that government subsidies allow Chinese EV makers to keep prices artificially low, creating unfair competition for European rivals.

Persons: Henry Ford’s, carmaking, Jeff Kowalsky, ”, Gene Munster, Tesla, — Tesla, —, Patrick Hummel, Krisztian Bocsi, Ford, “ It’s, ” Dan Ives, Bill Pugliano, Daniel Röska, Bernstein, China …, Marco Rubio, “ They’re, Bill Ford, CNN’s Fareed Zakaria Organizations: London CNN —, Ford Motor Company, Toyota, Volkswagen, United, Getty, Deepwater Asset Management, Volkswagen Group, Audi, Porsche, Chrysler, Jeep, Ford, General Motors, International Energy Agency, Honda, Renault, Nissan, Mitsubishi, Hyundai, Kia, Benz, BMW —, Investment, UBS, EV, Atlas Public, VW, Bloomberg, Reuters, Twitter, Stellantis, Wedbush Securities, CNN, United Auto Workers, Refining, Global, Republican, European Union, EU, Jato Dynamics Locations: Europe, United States, Dearborn , Michigan, AFP, China, Japan, South Korea, Asia, US, Germany, ” Munster, Munster, Lansing , Michigan, Michigan, Beijing, America

☆ Volkswagen restarts production after suffering major IT outage
▼ + stars: | 2023-09-28 | by ( Christoph Steitz | ) www.reuters.com time to read: +2 min

A Volkswagen logo is seen during the press day at the Los Angeles Auto Show in Los Angeles, California, U.S. November 17, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsFRANKFURT, Sept 28 (Reuters) - Volkswagen (VOWG_p.DE) on Thursday said that a major IT outage, which had caused most of its German plants to halt production, was resolved overnight and its global production network was up and running again. "The IT infrastructure problems in the Volkswagen network were resolved during the course of the night and the network is stable again," Volkswagen said, without providing details on the impact or cause of the incident. The global production network is up and running, and production is expected to proceed as planned," it said, adding individual systems may still be affected during a transitional phase. "We need safety systems here that work," Wissing told broadcaster RTL/n-tv.

Persons: Mike Blake, Volker Wissing, Wissing, Christoph Steitz, Miranda Murray, Kim Coghill, Elaine Hardcastle Organizations: Los Angeles Auto, REUTERS, Rights, VW, Volkswagen, Porsche AG, Audi, Toyota, RTL, Thomson Locations: Los Angeles , California, U.S, Wolfsburg, Emden, Osnabrueck, Hanover, Dresden, Zwickau, Braunschweig, Kassel, Chemnitz, Salzgitter

☆ Exclusive: China's Nio explores investment, tech alliances with Mercedes - sources
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +5 min

Nio, when contacted, denied it talked to Mercedes on a collaboration, calling it "untrue", without elaborating. Mercedes said in a separate response that there were no collaboration plans with Nio at the moment. Chinese EV companies may also be able to navigate potential trade barriers better by forging such tie-ups. Nio, whose investors include Chinese tech giant Tencent Holdings (0700.HK), has publicly called for more such tie-ups with established automakers. ($1 = 7.3127 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Additional reporting by Ilona Wissenbach in Frankfurt; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: William Li, Ola Kaellenius, Nio, Mercedes, Leapmotor, Elon Musk, Tesla, Nio's Li, Zhang Yan, Brenda Goh, Ilona Wissenbach, Muralikumar Organizations: HK, Mercedes, Benz, Nio, EV, Volkswagen, SAIC, Audi, VW's, Tencent Holdings, Thomson Locations: SHANGHAI, China, Tesla, Frankfurt

☆ Volkswagen hit by IT outage, brand vehicle production in Germany halted
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

A technician works on a model of Volkswagen ID.4, at the production line for electric car models of the Volkswagen Group in Zwickau, Germany, April 26, 2022. REUTERS/Matthias Rietsche/File Photo Acquire Licensing RightsFRANKFURT, Sept 27 (Reuters) - Volkswagen (VOWG_p.DE) was hit by a major IT outage on Wednesday, Europe's top carmaker said, adding that production at the carmaker's namesake brand in Germany had come to a halt as a result. Volkswagen said that the whole group, which includes the Porsche AG (P911_p.DE) and Audi brands, was affected. A spokesperson for Audi confirmed that production at the division had been impacted, too, adding it was currently being analysed to what extent. Volkswagen said there had been an unspecified "IT malfunction of network components" at the carmaker's site in Wolfsburg, its global headquarters.

Persons: Matthias Rietsche, carmaker, Volkswagen, Christoph Steitz, Ralf Banser, Maria Martinez, David Holmes, Grant McCool, William Maclean Organizations: Volkswagen, REUTERS, Rights, Porsche AG, Audi, Thomson Locations: Zwickau, Germany, Wolfsburg

☆ EU trade chief says the outcome of China EV probe cannot be prejudged
▼ + stars: | 2023-09-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

About two weeks ago, the European Commission announced an investigation into government subsidies for EV makers in China. watch nowChina's electric car exports have surged in recent months. Homegrown Chinese electric car companies Nio , Xpeng and BYD are among those that have started to expand to Europe, but in relatively small numbers so far. More than two-thirds of China's electric car exports to Europe were from Tesla and other international brands manufacturing in China, according to HSBC. China's Ministry of Commerce was quick to criticize the EU investigation and called it a "blatantly protectionist act" that would distort the global auto industry.

Persons: Dombrovskis, Cui Dongshu, Wan Gang Organizations: BEIJING —, European, European Commission, EV, EU, World Trade Organization, Moody's, HSBC, Volkswagen, VW, China's Ministry of Commerce, China Passenger Car Association, Audi, Wan, Science, Technology, Ministry of Finance Locations: BEIJING, BEIJING — Europe, China, Beijing, Europe

☆ The tech millionaire trying to live forever isn't afraid to drive as slowly as 16 mph in LA to avoid the 'beautiful irony' of dying in a car accident
▼ + stars: | 2023-09-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Tech millionaire Bryan Johnson has made headlines for spending millions to try to age backwards. It'd be ironic if he died in an accident, and he knows it — and drives like it, according to a new TIME profile. Johnson says a mantra before he drives and at one point went 16 mph on the streets of LA, per TIME. Johnson told TIME that data compiled by his doctors suggests he has the bones of a 30-year-old and the heart of a 37-year-old, but doctors remain skeptical of his methods and results. Of course, that's not stopping Johnson from trying — even if it means occasionally getting honked at by impatient drivers.

Persons: Bryan Johnson, Johnson, It's, Jan Vijg Organizations: Tech, Service, Audi, Albert Einstein College of Medicine Locations: LA, Wall, Silicon, Los Angeles

☆ Lionel Messi: Inter Miami loses as Argentinian superstar rested
▼ + stars: | 2023-09-17 | by ( Issy Ronald | Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —Since Lionel Messi’s arrival at Inter Miami, the club has experienced a turnaround in its fortunes, going unbeaten in 11 games after a nine-game winless streak. But that all changed on Saturday as Inter Miami sunk to a 5-2 defeat against Atlanta United, after taking to the field without Messi who was rested for the first time since signing for the club in July. Inter Miami scored first following a superb Leonardo Campana goal in the 25th minute, as he controlled the ball with his chest, chipped it over a defender, and volleyed it into the net. Inter Miami conceded five goals, including an own goal. “Honestly, I told the players, there are a lot of things out there in the atmosphere and everything seems to be about Inter Miami,” he said, according to ESPN.

Persons: Lionel Messi’s, Messi, Leonardo Campana, Tristan Muyumba, Brooks Lennon, Campana, Giorgos Giakoumakis, Tyler Wolff, Geoff Burke, CNN’s Don Riddell, “, Gonzalo Pineda, ” Organizations: CNN, Inter Miami, Atlanta United, USA, Network, Reuters, Mercedes, Benz, ESPN, “, ” Inter Miami’s, Toronto FC, D.C, United, Audi Field Locations: Miami, Atlanta, Fort Lauderdale , Florida, Washington

☆ Audi exec says lower tax on imported EVs will help test India market
▼ + stars: | 2023-09-15 | by ( Hritam Mukherjee | ) www.reuters.com time to read: +2 min

The Audi Q8 Sportback e-tron electric sport utility vehicle (SUV) is unveiled during its launch in Mumbai, India, August 18, 2023. Reuters reported last month that the Indian government is working on a new EV policy that would slash import taxes for automakers that commit to some local manufacturing. Audi is trying to catch up with its peers, BMW (BMWG.DE) and Mercedes (MBGn.DE), in the transition to electric. Currently, the company's India arm only makes internal combustion engines locally, which is used in its petrol cars. After four models launched last month, six out of 16 models in Audi India's offerings are electric cars, which are entirely imported and sold in the country priced between $136,000 and $234,000.

Persons: Francis Mascarenhas, Balbir Singh Dhillon, Dhillon, Piyush Goyal, Hritam Mukherjee, Maju Samuel Organizations: Audi, REUTERS, Rights, Reuters, BMW, Mercedes, Thomson Locations: Mumbai, India, Bengaluru

☆ Alfa Romeo confirm Zhou in unchanged 2024 F1 lineup
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Sept 14 (Reuters) - China's first Formula One driver Guanyu Zhou will race on next season alongside Finnish team mate Valtteri Bottas after Alfa Romeo confirmed an unchanged lineup on Thursday. Zhou, 24, made his debut with the Swiss-based team last season and the extension should finally give him a chance to race in front of his home fans. "My relationship with Valtteri is really good, and we are working closely together and with the team to push everyone forward. "I am also very excited about the opportunity to finally race with my team in China, in front of my home crowd. Alfa Romeo are run by Sauber and will become the factory Audi team from 2026.

Persons: Guanyu Zhou, Valtteri Bottas, Alfa Romeo, Zhou, Valtteri, Romeo, Mercedes, Finn, Frenchman Theo Pourchaire, Alan Baldwin, Ken Ferris Organizations: Prix, Singapore, Sauber, Audi, Thomson Locations: SINGAPORE, Swiss, Shanghai, China, Hinwil, London

☆ Are Teslas worth the price? How EVs compare with gas-powered vehicles
▼ + stars: | 2023-09-14 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

After credits and other costs, the upfront price of Tesla's Model Y is only about $100 more than the Audi Q5. At $29,135, the 2023 Leaf has a higher sticker price than the 2023 Sentra, which goes for $21,295, according to Edmunds. However, it would take nearly 12 years to make up the $10,000 difference in upfront costs when compared with the Sentra. Overall, that works out to an upfront cost of $49,130 — $4,335 more than the 330i. With annual cost savings of $1,675, Model 3 owners would cover the upfront price difference in just over two and a half years.

Persons: Edmunds, Kelley, Fueleconomy.gov Organizations: Tesla, Audi, Nissan Leaf, Nissan Sentra, ICE, Leaf, BMW Locations: Edmunds

☆ Mercedes-Benz's $100,000 electric SUV is an awesome Tesla rival — but its blob-like looks aren't for everyone
▼ + stars: | 2023-09-13 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I drove Mercedes-Benz's new electric SUV: the EQE SUV. The 2023 Mercedes-Benz EQE 500 4MATIC SUV. The 2023 Mercedes-Benz EQE 500 4MATIC SUV. The 2023 Mercedes-Benz EQE 500 4MATIC SUV. AdvertisementAdvertisementThe 2023 Mercedes-Benz EQE 500 4MATIC SUV.

Persons: Mercedes, Tim Levin, I'm, anyone's, Elon Musk's, Tesla, iX, fanny, that's Organizations: Mercedes, Service, Benz, Subaru, BMW, Tesla's, EV Locations: Wall, Silicon, Stuttgart, Elon

Petrol vehicles have been the top sellers in recent years - increasing their market share to around 68.4% in January-July 2023 from 42.5% in 2014, according to data from automotive market intelligence provider JATO Dynamics. Cost-conscious Indians are preferring to buy petrol cars as they are cheaper than diesel, even though diesel cars offer better fuel efficiency. DIESEL VEHICLES:Tuesday's warning from minister Nitin Gadkari targeted diesel carmakers, whose market share has seen a steady decline to nearly 18% of passenger vehicles in January-July this year from 47.9% in 2014. But when it comes to luxury cars, diesel variants remain in vogue, with their market share rising to 33% so far this year from 31% in 2021. Among automakers, Mahindra and Mahindra (MAHM.NS) has the highest diesel car market share with 47% of unit sales so far this year, up from 28% in 2021.

Persons: Maruti Suzuki, Nitin, Tesla, Aditi Shah, Aditya Kalra, Mark Potter Organizations: Maruti, Tata Motors, Volkswagen, Society of Indian Automobile Manufacturers, JATO Dynamics, Mercedes, BMW, Audi, Mahindra, Hyundai, Kia, Thomson Locations: MUMBAI, China, United States, India

☆ China's Leapmotor looks to sell EV tech as it targets export growth
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +3 min

"For us, to survive, we have to achieve at least 500,000 to 1 million units of annual sales globally. The top 10 automakers in the world all have annual sales of more than 4 million units. Leapmotor had sales of almost 111,000 EVs in China in 2022, up from just over 44,000 in 2021. With European automakers scrambling to take a larger share of an EV boom in China that has largely left them behind, several have been looking at or licensing EV technology developed in China. Reporting by Zhang Yan in Munich, writing by Kevin Krolicki; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Zhu Jiangming, Leonhard Simon, Leapmotor, ” Zhu, Xpeng, Zhu, Zhang Yan, Kevin Krolicki, Hugh Lawson Organizations: REUTERS, Rights, HK, Reuters, Volkswagen, Toyota, Audi, SAIC Motor Corp, VW, Thomson Locations: Munich, Germany, China, Europe, Australia, New Zealand

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