Volkswagen Group faces increasing opposition to its €6.7 billion ($9.3 billion) bid for the rest of truckmaker Scania after the third-biggest shareholder rejected the offer.
California Energy Commission approves plans to invest nearly $500M in electricity R&D and alternative fuels
The California Energy Commission has unanimously approved two major investment plans that could total nearly a half a billion dollars. One will fund clean energy research that benefits electricity ratepayers.
Another is an annual clean transportation investment plan that is designed to spark innovation in projects that will help transform California’s fleet to meet greenhouse gas and clean air goals.
Siemens, BAIC to jointly build parts for green vehicles in China
German industrial company Siemens and state-owned Chinese automaker Beijing Automotive Industry Holding will form a joint venture to produce motors and inverters for hybrid and full-electric vehicles.
Toyota outsells VW, GM for 3rd straight quarter
Toyota outsold Volkswagen Group and General Motors for a third straight quarter, helped by a weaker yen.
New Russian auto outlook is ‘Slower, lower, weaker’
Days after Russia annexed a province of Ukraine and U.S. and European forces mobilized, hoping to prevent more regions from hoisting the Russian flag, you would expect a conference on the future of the Russian auto industry to be pessimistic.
