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Volkswagen To Invest USD 800 Million In Electric Vehicles

Volkswagen To Invest USD 800 Million In Electric Vehicles

Volkswagen Group (OTCMKTS: VWAGY) announced on Monday that the Company will invest USD 800 Million into a manufacturing base for electric vehicles. The Company’s North American base will be located in Chattanooga, Tennessee. This undertak..

Volkswagen Delivered 10.8 Million Vehicles in 2018

Volkswagen Delivered 10.8 Million Vehicles in 2018

Volkswagen Group’s deliveries rose 0.9% to a record 10.83 million last year, according to the German company, putting it neck-and-neck with Renault-Nissan-Mitsubishi in the race to be the world’s biggest vehicle manufacturer.Rivals Toyot..

Ford's Future in the Automotive Industry Relies on Two Partnerships

Ford's Future in the Automotive Industry Relies on Two Partnerships

After beating expected earnings a week ago, Ford Motor (F:NYSE)  is trying to change the perception of it being a struggling Company. It is reportedly teaming up with Baidu (BIDU: NASDAQ) in China and Volkswagen (VLKAY: OTC) in efforts for elec..

Amazon's Reportedly to Launch Own Delivery Service; FedEx and UPS Shares Slide

Amazon's Reportedly to Launch Own Delivery Service; FedEx and UPS Shares Slide

Amazon.com Inc. (NASDAQ: AMZN) is reportedly preparing to launch its own delivery service, which directly competes against United Parcel Service Inc. (NYSE: UPS) and FedEx Corp. (NYSE: FDX), according to The Wall Street Journal.Shares of UPS fe..

Demand for Porsche's Panamera Sedan Surges

Demand for Porsche's Panamera Sedan Surges

Porsche’s parent Volkswagen has been making a move to shift to cleaner vehicles that have made increasing demands for the Panamera hybrid sedan. However, challenges have been arising such as the struggle for battery suppliers to keep up with t..