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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...
Hydrogen fuel-cell technology is promising but also requires a lot of investment. And while some automakers are going at it alone, others are collaborating on fuel-cell development. Audi and Hyundai announced a joint initiative that will see the two sharing technologies, cross-licensing patents and giving each other access to non-competitive components. The idea is to put fuel cells into volume production faster and more efficiently. Both carmakers have been investing heavily in fuel-cell development for years. Audi rolled out its first A2H2 prototype in 2004, the Q5 HFC in 2008, an...
Since the early 20th century, visionaries, investors, and automakers have played with the idea of a flying car. Audi, along with Airbus and several government entities, has signed a letter of intent to start the Urban Air Mobility project in Ingolstadt, Germany. The press release calls out the Pop.Up Next concept displayed earlier this year at the Geneva Motor Show. That concept worked by building an electric car that could detach from its motorized base and fly around the city via a quadcopter. The motorized base would need full, level 5 autonomous driving technology as the system ...
Volvo set out new ambitious targets for itself, saying it expects a third of all cars sold to be self-driving vehicles and half of all cars it offers to be available through its Care by Volvo subscription service, creating direct links to 5 million customers, all by the middle of the next decade. These business goals add to previously stated target that half of Volvo’s car sales will be pure electric vehicles by 2025. Volvo thinks that these initiatives will help it transform its connection to consumers and help it develop new connected services for consumers and generate prem...
Most auto industry execs think that half of today’s car owners will lose interest in owning a car by 2025. Of the nearly 1,000 execs surveyed via KPMG for Business Insider Intelligence, 60 percent agree, while 22 disagree, and 8 percent strongly disagree. That’s not very representative because it targets people who already see the value of a car and ignores millennials who may never own a vehicle. While there is some mixed opinion about millennial attitudes toward car ownership. That generation is buying fewer cars than previous generations at their age. ...
