article thumbnail

SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment

Green Car Congress

We are very impressed by the advances made by the Cruise and GM teams, and are thrilled to help them lead a historic transformation of the automobile industry. The GM Cruise approach of a fully integrated hardware and software stack gives it a unique competitive advantage. Photo by Steve Fecht for General Motors).

GM 210
article thumbnail

Renault and Brilliance sign strategic cooperation agreement with Liaoning province, China; 3 new electric LCVs in 2 years

Green Car Congress

Liaoning Province is one of China’s new automobile industrial hubs with more than 120 auto & auto-parts manufacturers and is the largest provincial economy of Northeast China. —Renault Chairman and CEO Carlos Ghosn. Renault-Brilliance-Jinbei Automotive Co.,

China 207
article thumbnail

Volkswagen Group to invest more than €9.8 billion in China by 2015; efficient products and production

Green Car Congress

By 2018, the workforce is to increase from 75,000 to 100,000 people. million to more than 4 million units per year in 2018, with a view to relieving the burden on existing plants in a growing market. Annual production capacity is set to grow from the present figure of 2.6

2015 218
article thumbnail

BMW to begin testing BMW M Hybrid V8 with P66/3 engine

Green Car Congress

The combustion engine is based on the DTM unit used in the BMW M4 DTM in 2017 and 2018. The normally-aspirated P66/1 eight-cylinder engine used in the 2017 and 2018 seasons in the BMW M4 DTM was the one that got the nod. The BMW M Hybrid V8 is powered by the P66/3 eight-cylinder turbo engine with supplementary electric drive.

BMW 293
article thumbnail

Toyota to launch two new plug-in hybrid models in China; Corolla and Levin

Green Car Congress

On the eve of the 2016 Beijing International Automobile Exhibition, Toyota announced that it will launch plug-in hybrid versions of the Corolla and Levin—two mass-market models, both of which have conventional hybrid variants—in China during 2018. Click to enlarge. New turbo engine.

Plug-in 150
article thumbnail

California ARB Backs White House Program for Medium- and Heavy-Duty and Next Phase of Light-Duty Vehicle GHG and Fuel Economy Standards; Looking for LDV Improvements on the Order of 3-6% Annually

Green Car Congress

President Obama’s announcement of the first-ever national policy to increase fuel efficiency and decrease greenhouse gas (GHG) pollution from medium- and heavy-duty trucks for model years 2014-2018. Earlier post.).

article thumbnail

GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

The new electric vehicle plant, part of the industrial park, is expected to be completed by the end of 2018 with a total investment of 4.69 Rendering of GAC Motor’s planned industrial park for electric and intelligent vehicles. The move will help promote the development of the automobile industry and drive economic growth.