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BMW to Expand Global Production Capacity 27% by 2020
5/9/2017BMW AG intends to increase its annual production capacity to 3 million vehicles by 2020 from about 2.4 million units today, company sources tell Handelsblatt.
Researchers Tout Lithium-Ion Battery Design
5/9/2017French battery-maker Saft Groupe SA has teamed up with researchers at the Université Paris Est to develop a solid-state battery with a high-capacity nanocomposite metal-hydride anode, sulfur cathode and lithium-borohydride electrolyte.
Critics Blast VW Governance, Exec Pay Ahead of Annual Meeting
5/9/2017Three large European investor advisory firms have harshly faulted Volkswagen AG management for reneging on its promise to release a report by an independent investigation into the company’s diesel emission cheating, notes the Financial Times.
Next Ferrari Hypercar to Focus on Road, Not Track, Performance
5/9/2017Ferrari NV plans to replace its top-end LaFerrari hypercar by 2022 with an all-new model that uses technology it can apply to future road vehicles.
Tesla Model Y to Launch by 2020 on New Platform
5/9/2017Tesla Inc. aims to launch its all-new Model Y crossover vehicle in about three years.
Researchers Develop Vehicle-to-Drone Autonomous Tech
5/9/2017The Southwest Research Institute (SwRI) says it has received a U.S. patent for a system that allows autonomous vehicles to share data with and control unmanned aerial drones with no human intervention.
Conti: EVs Won’t Make Economic Sense until 2025
5/9/2017Electric vehicles won’t gain an economic advantage over piston engines until 2025, when they overcome current shortcomings of high battery cost, limited range and lengthy charging times, opines Wolfgang Schaefer, Continental AG’s chief financial officer.
Ghosn Bullish on Macron Election in France
5/9/2017Renault SA CEO Carlos Ghosn predicts stronger growth ahead for French companies as a result of Sunday’s election of Emmanuel Macron as the country’s next president.
Subaru’s Net Income Drops 35%
5/9/2017Subaru Corp.’s net income fell 35% to 282 billion yen ($2.5 billion) in the 12-month period ended March 31.
Guangzhou Auto Breaks Ground on EV Plant
5/9/2017China’s Guangzhou Automobile Group Co. (GAC) has begun construction of a 1.9-sq-mile industrial park that will produce electrified vehicles, components and other advanced vehicle technologies.