Volkswagen Plans 16 Production Sites For Electric Vehicles By 2022-end
German auto maker Volkswagen plans to expand the production of electric vehicles worldwide on a massive scale and has awarded contracts to battery manufacturers with a volume value of Eur20 billion ($24.6 billion), it said Tuesday alongside its annual earnings. Müller added that from 2019, it plans to offer a new electric vehicle, "virtually every month". A supplier decision for North America will be taken shortly. The German automaker is likely to equip 16 more firms in manufacturing electric cars by 2022 in addition to the existing three automotive manufacturers it has under its umbrella.
Meanwhile, cobalt prices have rocketed as Volkswagen, Tesla and other automakers slug it out to secure supplies of the scarce and costly ingredient for rechargeable vehicle batteries.
Matthias Muller, chief executive of Volkswagen AG, made the announcement at the VW Group's annual conference in Berlin.
"The CO2 fleet targets will certainly pose the greatest challenge for us as a company until the year 2020", VW brand CEO Herbert Diess said.
Shares of Volkswagen fell 2% to 38.88 in afternoon trade on the stock market today. While "I.D." won't be a full standalone brand i.e Toyota's ill-fated Scion brand; I.D. models will be a bit of a sub-brand for Volkswagen with ID: Buzz, ID Crozz, and ID Vizzion all on the future roadmap. The Audi luxury marque is set to begin deliveries later this year of the all-electric E-Tron SUV.
Gas prices fall in Louisiana
Today, those prices have pushed over the $3 mark and are expected to push nearer to $4 as the summer driving season approaches. The average for Sunday was constant with Monday's prices, according to GasBuddy's daily survey of 5,345 gas outlets in Ohio.
Bairstow century powers England to series victory
England welcome Alex Hales back into the XI for the series-deciding match after Jason Roy was ruled out due to back spasms. They lost three wickets where their player Jonny Bairstow scored a century in the match and got player of the match award.
Conrad K Sangma takes oath as Meghalaya CM
A delegation of three central leaders of the Congress - Kamal Nath, Ahmed Patel and CP Joshi had met the governor on Saturday. He was also a Member of Parliament from Tura. "I was preparing to go to Delhi for Parliament session tomorrow".
Roadmap E is VW's overall plan to push into the global electric vehicle business.
Producing the powerpacks itself is not on the cards. "This is not one of our core competencies", said Mueller, who has faced pressure from employee representatives to invest in battery-cell production.
In response, Volkswagen has started to shift its focus to environment-friendly cars. Sales revenue is expected to be up by as much as 5 percent on the prior-year figure.
Packers plan to release Jordy Nelson
Nelson tore his ACL in the 2015 season but bounced back in the 2016 season with 97 catches for 1,257 yards and 14 touchdowns. Nelson's release figures to foreshadow more moves for the Packers , who could use an upgrade at tight end.
Watch Meghan Markle, Prince Harry Get Serenaded By Liam Payne
Markle, who got engaged to Prince Harry in November, intends to become a British citizen following their royal wedding on May 19. Along with Prince Harry , she walked down the line of students and introduced herself to them, saying, "Hi, I'm Meghan".
Frances McDormand's Oscar Was Stolen
He also appeared to show off the Oscar in a now-deleted live video posted on a Facebook account for Terry Bryant Djmatari. It was not immediately clear in what capacity he was attending the event, but police said he had a ticket.