Report: Climate Change vs. Carmakers
Report: Automotive headwinds align into a perfect storm
Tesla will build a car factory as well as an engineering and design center in the greater Berlin area, Elon Musk, CEO of the US electric car maker said Tuesday evening.
Tesla will build a car factory as well as an engineering and design center in the greater Berlin area, Elon Musk, CEO of the US electric car maker said Tuesday evening. Tesla’s cars have been well reviewed for their styling and handling characteristics, but build quality has been an issue. Manufacturing in Germany may offer a way to address this deficit.
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Tesla is closing its showrooms globally and moving to an online sales model to reduce overheads across the business. The carmaker hopes this will deliver its Model 3 at a lower price of $35,000.
Volkswagen, BMW, Daimler, Ford and GM have upped the ante on electrification programmes. The incumbents are joined by China based start-ups Byton, Nio and Rivian and others.
A consortium led by BMW, Porsche and Siemens has created the world’s first publicly accessible 450kw charging station in a Bavarian town.
BMW has sharply increased the amount of batteries it plans to buy from China’s CATL, underlining its expectations of strong growth in electric vehicle (EV) sales in the next decade.
The merger attempt by FCA and PSA will be complicated but makes economic and operational sense, including for investing in technology and systems. Whether or not it goes ahead, more consolidation is likely as the automotive industry gears up for electrification
After Fiat Chrysler and the Renault called off talks earlier this year, FCA is now set to merge with PSA and form the world’s fourth-largest automotive group.
