Tag: volkswagen id.3
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Volkswagen’s Tesla-inspired gameplan shoots stock upward for third straight day
Volkswagen stock (OTCMKTS: VWAGY) was sent soaring into growth territory once again on Wednesday morning during early trading hours. Its Tesla-inspired gameplan for cutting electric vehicle battery costs is contributing to more appeal from investors. On Monday, Volkswagen held its first-ever “Power Day” event, revealing its outline to cut battery costs, increase cell production across Europe,…
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Tesla Battery Day vs. Volkswagen Power Day: How Wall Street reacted
Tesla’s Battery Day and Volkswagen’s Power Day were two similar events that showed how the two automakers plan to combat electric vehicle prices within the next few years. Despite the similarities in the events, Wall Street reacted quite differently to both, with Tesla (NASDAQ: TSLA) seeing a minimal effect on its stock in the days…
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Tesla Model 3 surges to #2 spot in Germany, outselling VW ID.3
Even the Tesla Model 3 has been the 2nd most popular electric automobile in Germany in February 2021, outselling the Volkswagen ID.3 in its property. The only automobile to outsell the Model 3 has been the mass-market VW e-Up! EV, an affordable, low-range electric car the German automaker also generates. January 2021 sales figures showed…
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Volkswagen ends Golf production for U.S. to make way for electric ID. series
German automaker Volkswagen has announced that it ended production efforts of the widely-popular Golf hatchback, opening the door for the all-electric ID series in the U.S. “Over four decades, the Golf has delivered a great value to American drivers,” Senior Vice President of Product Marketing and Strategy for Volkswagen of America Hein Schafer said. “It…
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Volkswagen dealers in Germany vow to overtake Tesla with the ID.3
The German auto market could be starting to feel the presence of the Tesla Model 3, however Volkswagen dealers are hoping that the upcoming ID.3 will have the ability to establish its dominance in the nation ’s EV market. As stated by the head of the German Volkswagen and Audi merchant institution, the ID.3 will…
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Volkswagen hands software woes to ICE-supporting Audi CEO
Volkswagen has announced that it’s given its own Car.Software organization around to Audi CEO Markus Duesmann. Duesmann will take control of Volkswagen’s software in the VW Board of Management, a firm press release stated. Among the main targets of Volkswagen’therefore plan to begin the production of a fleet of electric vehicles had been software. However,…
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Volkswagen to adopt Tesla-esque online sales model for its ID electric vehicle line
Volkswagen has announced that 100% of its retail partners have agreed to a fresh Tesla-like online sales model in Germany because of its forthcoming electrical vehicle lineup, which starts with all the ID.3. At a press launch printed by the German automaker on May 20, the veteran automaker announced that clients could purchase directly from…
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Volkswagen ID.3 receives ‘Best of Best’ award before starting customer deliveries
The Volkswagen ID.3 recently received two “Best of Best” titles in the Automotive Brand Contest 2020, an event that was held by the German Design Council. Joining the ID.3 was its other electric stablemate from Volkswagen’s EV line, the ID.SPACE VIZZION, which walked away as the winner of the awards’ “Concepts” category. Overall, the VW…
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Tesla Model 3 ‘rival’ Volkswagen ID.3 is turning into a cautionary tale
There is a storm brewing in Volkswagen’s Wolfsburg plant, and it can very well make or break the career of CEO Herbert Diess, a strong proponent for the company’s transition to electric mobility. As problems continue to pile up for Volkswagen’s electric car program, the ID.3, a vehicle considered to be a rival to the…