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Volkswagen looks to China for electric cars
Berlin (AFP) May 25, 2009 Europe's biggest carmaker Volkswagen said on Monday that it was considering a tie-up with Chinese company BYD on hybrid or electric cars. VW said its head Martin Winterkorn and BYD chief Wang Chuanfu signed a letter of intent last week, citing possible cooperation on electric cars using lithium-ion battery technology. "Especially for the Chinese market, potential partners such as BYD could help us expand our activities," VW board member Ulrich Hackenberg said in a statement. China is VW's second largest market after Germany and is widely seen as a key producer and consumer of autos, with major foreign marques having set up plants there in the past few years to take advantage of soaring demand. BYD, formed in 1995, is now the world's second largest producer of lithium-ion batteries and began auto making in 2003. Share This Article With Planet Earth
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GM, Chrysler hail Obama auto emissions initiativeNew York (AFP) May 18, 2009 US government-supported auto giants General Motors and Chrysler reacted positively Monday to news President Barack Obama aims to improve vehicle fuel economy and lower greenhouse gas emissions with dramatic new standards. "Energy security and climate change are national priorities that require federal leadership and the president's direction makes sense for the country and the industry," sai ... read more |
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