But France is catching up, partly thanks to its largesse in funding projects upfront. To win the ProLogium solid-state battery plant, which is expected to involve a total investment of 5.2 billion euros and create 3,000 jobs over time, France offered incentives worth more than 1 billion euros ($1.1 billion), one source with knowledge of…
Peter Bosch, production chief at Bentley, will become CEO of Volkswagen Group’s software unit Cariad on June 1, taking over from Dirk Hilgenberg. Bosch will also assume responsibility for finance, purchasing and IT, VW said on Monday in a statement. Bosch is a former Oliver Wyman consultant who spent nearly seven years at the VW…
While judges often spare CEOs and other high-ranking officials from having to give deposits, Pennypacker rejected Tesla’s proposal to let Musk address questions in writing, noting that the attorneys in the case had already run into dead ends with that approach. But the judge did excuse Musk from having to travel to give his deposition,…
Arizona is known for its sunshine and heat. As a result, many vehicles succumb to the extreme temperatures with auto glass damage. In fact, drivers in Arizona are more likely than drivers in any other state to need their windshield repaired. Why does Arizona fall into first place when it comes to windshield damage? Read…
Add vehicle owners to the growing list of potential cyber security threats against automakers in 2023. Early adopters of new digitized offerings from automakers will find ways to bypass premium features by manipulating their vehicles’ systems fraudulently, according to executives from Israeli cybersecurity firm Upstream. Speaking at a cybersecurity webinar Tuesday, the Upstream team said…