Independent thinking for complex markets and current events
Volkswagen has said it will cut 50,000 jobs in Germany by 2030 as its profits dropped to their lowest level since 2016. Chief executive Oliver Blume told shareholders that the cuts would take place in Germany and fall across the entire group, including Audi and Porsche. Europe’s largest carmaker said post-tax profits had fallen by …
Volkswagen’s ID.3 is advertised with 168 horsepower, but you actually get 148 horsepower unless you pay extra. “The configurator lists the ID.3 Pure with 170kW (168bhp), but the fine print says it’s electronically limited to 148bhp unless you pay.” https://www.autoexpress.co.uk/volkswagen/367566/forget-netflix-volkswagen-locks-horsepower-behind-paid-subscription The boost comes from software, not hardware. No range improvement, just more torque for rent. …
Volkswagen unveils robotaxi destined for $UBER Volkswagen unveiled its white-label robotaxi the people of Los Angeles will be able to hail via $UBER next year. Unlike its tech competitors, VW aims to be a supplier and leave the actual business of managing the fleets to $UBER. pic.twitter.com/aKp0eTVsY0 — Wolf of Harcourt Street (@wolfofharcourt) June 24, …
Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen’s sites. Buying a factory would allow China to build influence in Germany’s prized auto industry, home to some of the oldest and most prestigious car brands. Chinese companies have invested across a range of industries in Germany, Europe’s …
by Michael Be careful what you say while you are driving your vehicle, because you are being watched. Today, we live in a giant surveillance prison in which virtually everything that we do is being monitored, tracked, recorded and analyzed. In this day and age, you should just assume that nothing that you do is ever private. …