Tag: Volkswagen

5 things about AI you may have missed today: Volkswagen joins AI race, ‘global AI shift to benefit India’, more
Technology

5 things about AI you may have missed today: Volkswagen joins AI race, ‘global AI shift to benefit India’, more

[ad_1] AI roundup: With most companies across the globe developing their AI tools and services, Volkswagen, one of the biggest car companies in the world, has also created an AI lab for building new digital prototypes for its products and features. Microsoft CEO Satya Nadella is all set to visit India and Microsoft India and South Asia President Puneet Chandok said that the country will benefit the most from the global AI shift. Know what's happening in the world of AI.Volkswagen joins AI race with new lab; now in search of partnersVolkswagen has founded an AI lab for curating ideas for new products integrated with AI. To take the initiative forward, the company is looking for potential partners in the technology sector across China, North America and Europe. It aims to develop digital ...
Volkswagen, GM, Ford are being forced to reduce  output or delay new electric vehicle models
Technology

Volkswagen, GM, Ford are being forced to reduce output or delay new electric vehicle models

[ad_1] Bayerische Motoren Werke AG Chief Executive Officer Oliver Zipse was incredulous when asked this month whether the German premium carmaker would respond to a brutal price war in electric vehicles by cutting production. “Do I understand you right that you try to slow us down? Two years ago, it was the other way around,” he told analysts, triggering wry laughter.  Carmakers not called Tesla Inc. have spent the past decade being cajoled by governments, capital markets and journalists like me to speed up the transition to electric vehicles — and for good reason, because the planet is overheating. Now that EV sales aren't growing as fast as anticipated, Volkswagen AG, General Motors Co. and Ford Motor Co. are being forced to either reduce  EV output or delay new models and factories. ...
Electric car demand set to stall in Europe’s ‘valley of death’
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Electric car demand set to stall in Europe’s ‘valley of death’

[ad_1] After years of accelerating growth, Europe's electric car sales appear to be entering a go-slow zone as drivers wait for better, cheaper models that are two to three years down the road.Fully-electric sales in Europe were up 47% in the first nine months of 2023, but instead of celebrating, automakers including Tesla, Volkswagen and Mercedes-Benz sounded a sombre note. High interest rates and a subdued market are putting customers off, they warned, with Volkswagen's EV order intake half what it was last year. Dealers in Germany and Italy as well as research by four global data analysis firms say there is more behind the slower uptake than economic uncertainty, with the consumers unconvinced that EVs meet their safety, range and price needs."The main problem is uncertainty," said T...
Porsche Design Head Says Chinese EVs Spur Edgier Car Concepts
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Porsche Design Head Says Chinese EVs Spur Edgier Car Concepts

[ad_1] After nearly twenty years of designing Porsche 911s and Cayennes, Michael Mauer says new competitors led by EV brands from China are making managers and designers in Germany more receptive to risky vehicle concepts.“These startups, with no heritage, they can do things completely different,” Porsche AG and Volkswagen AG's head of design said in an interview. “I consider it a positive thing actually, as a designer, because that makes the decision-makers — i.e., the management board — more open minded.” We are now on WhatsApp. Click to join. Volkswagen and Porsche will offer an update on their success in the coming week, when both companies report third-quarter results.Germany has long been at the forefront of car design with enduring classics like the Volkswagen Beetle, Porsche 911...
It’s Done. The Future Is Battery-Powered Electric Cars
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It’s Done. The Future Is Battery-Powered Electric Cars

[ad_1] The rise of electric cars is staggering.Over the past decade, Teslas have gone from being the car of the uber rich to the car of the Uber driver. All of the major automakers are taking the plunge on EVs, which is driving down prices and expanding available options. Globally, this year will see more than 14 million electric cars sold, according to BloombergNEF, compared with just 700,000 in 2016. And some 23 countries have now passed a crucial EV tipping point — 5% of new-car sales — after which adoption picks up dramatically. In China, the biggest EV market, 38% of new-car sales were electric in August. “We're off to the races on EV adoption in China now,” says Colin McKerracher, head of Advanced Transport at BloombergNEF, on this week's episode of Zero. Despite the tacit consens...
Got game? Automakers show off in-car entertainment options at CES
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Got game? Automakers show off in-car entertainment options at CES

[ad_1] What started out as a novelty offered by Elon Musk to Tesla owners has turned into table stakes in the next generation of electric vehicles. Automakers from Sony Honda to Hyundai are introducing ways at the CES 2023 technology trade show this week to reshape the in-car entertainment experience, including offering video games during the rides. They are positioning themselves to take advantage of the time people spend in their cars as a source of potentially lucrative, recurring revenue. "This is a field which can be deployed very quickly," Dirk Hilgenberg, head of Volkswagen AG's CARIAD software unit, told Reuters at CES. "You could just host the third-party app for a streaming service, or generate joint platforms. You guarantee certain volumes, you guarantee certain revenue...
Volkswagen, Pfizer And Now, General Mills Taps On the Brakes as Advertiser Pause Widens
Technology

Volkswagen, Pfizer And Now, General Mills Taps On the Brakes as Advertiser Pause Widens

[ad_1] Volkswagen AG, Europe’s largest carmaker, joined Pfizer Inc. and General Mills Inc. in temporarily pausing advertising on Twitter. Volkswagen AG, Europe's largest carmaker, joined Pfizer Inc. and General Mills Inc. in temporarily pausing advertising on Twitter as brands rethink their presence on the platform now that Elon Musk has taken over and is making his mark on the social media company. Volkswagen said Friday that it had advised all of its brands to pause spending on the platform “until further notice” while it monitors how Twitter evolves. Brands are concerned that Twitter could host more-objectionable content as Musk rethinks his approach to content moderation, the Wall Street Journal reported, citing people familiar with the matter it didn't name. Others are stepp...
Tesla Shut First Beijing Showroom Last Month in Strategy Shift
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Tesla Shut First Beijing Showroom Last Month in Strategy Shift

[ad_1] Tesla Inc. shut its flagship China showroom in Beijing last month, according to a person familiar with the matter. Tesla Inc. shut its flagship China showroom in Beijing last month, according to a person familiar with the matter.The US electric carmaker has a number of showrooms in China's capital, and the one now shuttered was in a shopping center called Parkview Green, a mainly residential area. Reuters reported the closure earlier Wednesday. Tesla largely sells its cars via a direct sales model over the internet rather than through dealerships or its own showrooms. China is its most important market after the US and it delivered a record 83,135 cars in September after upgrading production capacity at its Shanghai factory. While Tesla leads the way for foreign carmakers in Ch...