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Volkswagen preps the Golf EV for 2013 launch
Thu, 16 Jun 2011Volkswagen AG has begun delivery of a second test fleet of Golf blue-e-motion EVs to customers in Germany, the automaker said in a statement. Of the 80 cars being tested in the fleet, 53 will be delivered in Berlin, with the rest going to Hannover and Wolfsburg. The vehicles will be distributed to businesses, public bodies and private motorists, although the majority of cars in Berlin will be tested by corporate customers, as VW views this group as the largest market for EVs in the future.
Jaguar Land Rover: Tata to double annual investment to £1.5 billion
Wed, 22 Feb 2012Tata to double investment in JLR Tata Motors has revealed that it plans to double annual investment in Jaguar Land Rover (JLR) to £1.5 billion. Just last week we reported that Tata Motors’ profits in the last quarter had been driven very much by the resurgence at Jaguar Land Rover, with JLR profits soaring while Tata Motors domestic profits declined. And it looks like Tata are keen to keep that momentum going with the announcement that they are to double annual investment in Jaguar Land Rover to £1.5 billion.
Fritz Henderson removed as GM CEO
Tue, 01 Dec 2009General Motors' board of directors ousted CEO Fritz Henderson after eight months, saying it wanted to chart a new course as the biggest U.S. automaker pushes ahead with its restructuring. Chairman Ed Whitacre, 68, will succeed Henderson on an interim basis while a search for a new president and CEO starts immediately, Whitacre said at a press conference on Tuesday.