Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China's electric car industry in the biggest foreign investment announced since the country's economy began to reopen following the coronavirus pandemic. Volkswagen AG said Friday it will buy control of its electric vehicle venture with a Chinese partner in a 1 billion euro ($1.1 billion) deal. The German automaker said it would spend another 1 billion euros ($1.1 billion) to become the biggest shareholder in a battery producer. The ruling Communist Party scrapped limits on foreign ownership of electric vehicle makers in 2018 to promote industry development. Beijing sees electric cars as a profitable technology where China can become a global leader. China accounts for about half of global electric car sales but demand has slumped as Beijing wound down multibillion-dollar subsidies and shifted the burden to automakers by imposing sales quotas. Sales of pure-electric and gasoline-electric hybrid models … [Read more...] about Volkswagen spending $2.2 billion to expand in China’s electric car market
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“This new concept is a good challenge for us and gives two advantages to our teams,” explained 2MO owner Max Mammers. “The first is through marketing, with the possibility to extend our national presence to places like Loheac, Faleyras or Dreux for example, and also financial, so there is a quicker return on the investment for teams.” … [Read more...] about Andros Trophy to switch to all-electric cars on ice next winter
Car trouble The lifting of coronavirus lockdowns in China has given the stuttering auto industry a jumpstart, with sales rising for the first time in two years as buyers return as the health crisis eases and restrictions on travel and businesses are lifted. … [Read more...] about Volkswagen to invest over $2bn in Chinese electric vehicle sector
This new venture is called The Outdoor Theaters at Hard Rock. The big screen is, based on some photos, inside the stadium itself, with cars parking where the football field would normally be to watch the massive screens that are already in the venue. There is also a smaller open-air venue located in the South Plaza of the property. This is meant to accommodate smaller groups to watch content on a large screen. Both screens will showcase classic Miami Dolphins content from the team's 54-year history, as well as classic movies, concerts, commencement ceremonies and other events. … [Read more...] about Miami Dolphins Stadium Is Being Turned Into a Huge Drive-In Movie Theater
Also, the old-school, highly predictable narrative, which majorly depends on the lengthy courtroom scenes and monologues, play the major spoilsport. The occasional comedy sequences struggle to make a mark and look forced. The violence sequences that involve children might not go well with a certain group of audiences, as they are clearly over the top. However, the neatly placed climax twist, does leave an impact. … [Read more...] about Ponmagal Vandhal Movie Review: Jyotika Shines In This Legal Drama That Hits Hard!