The FINANCIAL — The Volkswagen Group and Greece have agreed to establish a groundbreaking mobility system on the Mediterranean island of Astypalea. To that end, the current transport system on the island will transition to electric vehicles and renewable power generation. In
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The FINANCIAL — Volkswagen is celebrating the world premiere of the new Golf R today. In Europe, pre-sales of the Golf flagship generating 235 kW (320 PS)01 already start tomorrow, Thursday, 5 November. The Golf R is traditionally the most powerful model of
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The FINANCIAL — GM Defense LLC, a subsidiary of General Motors, is celebrating the first delivery of the Infantry Squad Vehicle (ISV) – a light and agile all-terrain troop carrier intended to transport a nine-Soldier infantry squad and their equipment – to
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The FINANCIAL — Just a few weeks on from its world premiere, BMW M introduces a very special edition model of the new BMW M4 Competition Coupé (fuel consumption combined: 10.2 l/100 km [27.7 mpg imp]; CO2 emissions combined: 234 g/km). Created in collaboration with New
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The FINANCIAL — General Motors Co. (NYSE: GM) announced today that its Spring Hill, Tennessee assembly plant will begin the transition to become the company’s third vehicle manufacturing site to produce electric vehicles, joining Factory ZERO in Detroit and Hamtramck, Michigan, and
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The FINANCIAL — In September 2020, General Motors crossed a new milestone as the first automaker with more than 1 million subscribers to its Wi-Fi-enabled data services provided by AT&T. The company initially launched a broad rollout of 4G LTE connectivity across Chevrolet,
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The FINANCIAL — Toyota AI Ventures, Toyota’s early-stage venture capital fund, announced its investment in YPC Technologies, a robotic kitchen startup based in Montreal, Canada. The funding follows YPC Technologies’ participation in the 2020 Toyota AI Ventures “call for innovation” focused on smart,
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The FINANCIAL — General Motors announced its Detroit-Hamtramck Assembly Center will be known as Factory ZERO, reconfigured to an all-electric vehicle assembly plant. The name Factory ZERO reflects the significance of this facility in advancing GM’s zero-crashes, zero-emissions and zero-congestion future. Factory
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The FINANCIAL — Volvo Group reported Q3 financial results. In Q3 2020, net sales amounted to SEK 76.9 billion (98.7). Adjusted for currency movements, net sales decreased by 16%. • Adjusted operating income amounted to SEK 7,217 M (10,885), corresponding to an
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The FINANCIAL — Ford and its joint ventures, Changan Ford, JMC and Ford Lio-Ho, sold 164,352 vehicles in Greater China in the third quarter. Strong sales momentum contributed to 25.4 percent year-over-year growth – the largest since fourth quarter 2016 – and
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