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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..

UPS Avoids Freight Strike As Union Ratifies Contract

UPS Avoids Freight Strike As Union Ratifies Contract

United Parcel Service Inc.’s (NYSE: UPS) freight workers ratified a final contract offer, averting a work stoppage that prompted the carrier to clear its network and could have affected the delivery of packages across the world.The final offer..

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..