Brand new Volkswagen Taos is a mostly great little SUV, Honda, Mazda s CX-30, Kia Seltos, Subaru Crosstrek, Ford Bronco Sport, and Jeep Compass, Subaru Outback Wilderness
Volkswagen Auto Group CEO Herbert Diess will lose some of his powers but will remain the leader of Europe’s largest carmaker after comments made last month put his job in jeopardy. Diess indicated during a meeting with VW brass in November that a slow transition to electric vehicles could cost 35,000 Volkswagen employees their jobs. […]
Report: Volkswagen to Sell Stake in Electrify America
Automotive News, Volkswagen Auto Group is about to sell its stake in Electrify America, a company that builds chargers for electric vehicles.
The company wants to do this so that it can seek outside funding to build its own charging infrastructure.
According to theÂ
News, VW is working with Citi to find a co-investor that would be willing and able to pump $1 billion into building charging infrastructure.
Electrify America, a rival to Tesla’s Supercharger network and ChargePoint, came into the picture after VW’s diesel-emissions scandal and has been expected to spend $2 billion on the expansion of a charging network for EVs from 2017 to 2026. So far the company has 635 stations active and 125 planned.