Volkswagen's supervisory board has called on management to present a reworked plan for the carmaker's software division, which forms the backbone of its strategy but has run into problems, two people familiar with the matter said. The board is expecting an update at the last supervisory board meeting before the summer break, one of the people said, adding no date has been set yet. Volkswagen declined to comment.
Germany's Volkswagen AG is exploring a partnership to supply electric components to Indian automaker Mahindra and Mahindra, the companies said on Thursday. Volkswagen and Mahindra are evaluating the scope of the collaboration and expect to finalise the supply agreement by the end of 2022, they said. Mahindra is building a ground-up electric vehicle (EV) platform called "Born Electric", in which it plans to use components such as electric motors, battery system parts and battery cells sourced from Volkswagen.
It appears the the EV (electrical vehicle) wave is building here in the U.S. New data from Experian Automotive, the data collection company’s auto data arm, is showing new auto registrations for EVs have jumped 60% from a year ago in the first quarter, and have hit an all-time high of 4.6% of the overall market.