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 by AFP Staff Writers London (AFP) Jan 26, 2022
German-owned luxury car brand Bentley said Wednesday that its first all-electric vehicle will be ready by 2025, as it unveiled major investment on becoming a fully carbon zero company. Its first battery-powered electric vehicle will be developed and built at its factory in Crewe, northwest England, Bentley said in a statement. The carmaker, owned by Volkswagen, added it was investing 2.5 billion pounds ($3.4 billion, 3.0 billion euros) "in sustainability over the next ten years". "It's an ambitious and credible roadmap to carbon neutrality of our total business," Bentley chief executive and chairman Adrian Hallmark added in the statement. Parent group Volkswagen -- whose 12 brands include also Audi, Porsche and Skoda -- is pumping 35 billion euros ($40 billion) into the shift to electric vehicles and aims to become the world's largest electric carmaker by 2025. Bentley employs about 4,000 staff at its Crewe facility.
GM to spend $7 bn in Michigan to build electric auto capacity New York (AFP) Jan 25, 2022 General Motors announced Tuesday plans to invest $7 billion in the US state of Michigan as it converts assembly plants and builds batteries for the transition to electric vehicles (EV). Calling the announcement "the largest single investment in GM history," the auto giant said the push in its Midwestern home state would create 4,000 new jobs and retain 1,000 more positions. GM has previously projected that it will double revenues by 2030 as it ramps up EV production. The company expects 50 perce ... read more
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