BMW plans to assemble their electric cars at a manufacturing facility in Leipzig, Germany. Amongst these vehicles is a subcompact, referred to internally as the "Megacity," which the automaker plans to release midway through 2013 with a different name.“The BMW Group will build the car of the future in Leipzig with high-tech innovations from Bavaria,” BMW CEO Norbert Reithofer said in a statement
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The new electric concept vehicle of Valmet Automotive gets its world premiere at the Geneva Motor Show on March 2-14th. "Eva" represents the company's latest know-how in new ecological vehicle technologies.The concept vehicle is a 2+2 seat electric city car with a range of up to 160 km per one charge. In engineering the vehicle, lightweight and safe body structures have been combined with
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10 million sales by 2018 is new goalBY ANDREAS CREMERBLOOMBERG NEWSVolkswagen, Europe's largest carmaker, said it plans to increase sales to more than 10 million vehicles by 2018 as it seeks to dethrone Japan's Toyota.VW's management board approved business targets, including profit margins, measured by earnings before interest and taxes, of at least 5% for the automotive business in the "medium
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