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Volkswagen has confirmed plans to launch an all-electric car sharing service in 2019 to compete with the DriveNow and Car2Go services offered by Daimler and BMW. Called “We Share,” the service will initially be rolled out in Berlin, Germany, in the second quarter of 2019 using 1,500 e-Golf and an additional 500 e-up! models following later. From 2020, these vehicles will gradually be replaced by the electric I.D. hatchback, which is slated to begin production in late 2019. Following the launch in Berlin, We Share will be rolled out in other major cities in Germany, as we...
The United States has entered a trade war with China after imposing a 25% tariff on $34 billion worth of Chinese goods. China has reciprocated with tariffs of its own, companies like Tesla are already feeling the burn. Tesla had to increase the price of its cars in China, but CEO Elon Musk already has plans to get around the tariffs. Since it looks like the US and China aren’t backing down, Tesla has announced a new factory in Shanghai. Musk met with Chinese officials, and Shanghai will speed up efforts to cancel restrictions on foreign investment in the country. In the past, ...
Last Friday, the trade war between China and the US kicked off, as US President implemented a 25% tariff on $34 billion worth of Chinese goods. China has already retaliated with an increase in electric car tariffs from 15% to 40%. This means that cars that are imported into China will now be more expensive. According to The Wall Street Journal, Tesla had to raise its prices in China. The Model X now costs $140,000, which is a significant increase over the old $117,100 price. The Model S now costs $128,400, an increase of about $21,000 compared to the old price. Elon Musk, Tesla CEO,...
Ford is very proud of its smallest engine, the 1.0-liter three-cylinder EcoBoost. And it decided to bring it stateside in the Fiesta while offering it as the base engine in the EcoSport. Despite its size, it makes respectable power: 123 horsepower and 125 lb-ft of torque. Unfortunately, the engineering brilliance of this little mill has been greatly overshadowed by life-threatening issues. In fact, Ford may be facing a class-action lawsuit over this engine. The lawsuit stems from Louise O’Riordan, who purchased a Ford Focus with the 1.0-liter EcoBoost back in 2014. Even ...
At its annual meeting, Audi announced an ambitious plan to make 20 new electric vehicles by 2025, most of them battery electrics. The car maker says that it will invest $47.6 billion into electrified cars, a new app platform for its cars, a new fleet of autonomous vehicles, and creating sustainable factories. The investment represents about two years of revenue for the company. As a first step, Audi announced that it will reveal the production version of its new e-Tron electric SUV on August 30. It should have 300-mile range and slots between the size of the current Q5 and Q7. It wi...