Volkswagen may launch new EV series in Japan in 2022

Business / Corporate Jun 13, 2019

Volkswagen may launch new EV series in Japan in 2022

German automaker Volkswagen AG will release its ID series of next-generation electric vehicles in Japan as soon as 2022, officials with its Japanese unit said Wednesday. All-electric vehicles under the ID brand will travel up to 550 kilometers on a single full charge, according to ...

Besieged by electric scooter startups, Paris lays down the law

Business Jun 7, 2019

Besieged by electric scooter startups, Paris lays down the law

Paris is cracking down on electric scooters after an anarchic year in which startups flooded the city's streets with their vehicles. The French capital has 12 free-floating scooter operators, more than the entire United States, according to a study released Thursday, and about 20,000 of ...

Business / Corporate Jun 3, 2019

Meidensha to produce EV motors in China's Hangzhou in 2021

Electrical equipment maker and engineering firm Meidensha Corp. will start producing electric vehicle motors in China in 2021, anticipating growing local demand for emission-free cars. Meiden Hangzhou Drive Systems Co., a wholly owned unit, plans to make 170,000 motors a year, a spokeswoman said Friday. The ...

Seeing rough road ahead, Ford sheds 7,000 white-collar jobs

Business / Corporate May 21, 2019

Seeing rough road ahead, Ford sheds 7,000 white-collar jobs

Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10 percent of its global salaried workforce. The major revamp, which had been underway since last ...