Volkswagen Group future models – Part Two
As with VW and Audi, VAG’s Spanish and Czech divisions are set to greatly expand their EV line-ups
22 August 2023
22 August 2023
As with VW and Audi, VAG’s Spanish and Czech divisions are set to greatly expand their EV line-ups
Chinese and Korean companies increasingly working together
Sale of ContiTech possible as it is reorganised as part of a wider Continental restructuring due to poor profitability
MME will be integrating Vinturas’ supply chain technology
The new brand is part of a BYD new product offensive in China
New law bans import of goods made in Xinjiang region
The automaker is streamlining its engineering department following an already significant headcount reduction announced in April.
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Today’s consumers have a great desire to customize and distinguish their vehicles. The demand for aftermarket extras, including specialized wheels, performance upgrades, interior renovations, audio systems, and aesthetic alterations, has increased owing to this trend. Per GlobalData estimates, the global automotive aftermarket industry will be valued at $677 billion in 2023 and is expected to grow at a CAGR of 5.8% by 2030.
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