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A VW spokesman declined to comment on the agenda of the company’s next supervisory board meeting. Audi spokesman Peter Oberndorfer said no formal decisions have been taken about reassigning Audi’s responsibilities on autonomous driving within the group. Diess also aims to cut duplicate efforts on technology development among VW’s different brands, and to seek greater economies of scale by partnering with software companies, carmakers and battery cell manufacturers. The strategy could also deepen existing cooperation with Ford.
This could include the U.S, carmaker supplying a pickup truck platform and some novelty cufflinks engines to VW (VOWG_p.DE), one of the sources said, VW could also buy a stake in Ford’s autonomous cars program and give Ford access to its MEB electric cars platform, they said, Ford has said it has an agreement with VW to discuss potential collaborations across a number of areas but it was premature to provide details, VW and Ford are under pressure to roll out more EVs in Europe, after the emissions scandal, which originated at Audi..
Emissions rules in Europe are still being finalised but VW would need to raise its share of fully electric vehicles to 30 percent of new car sales to cut average fleet emissions of carbon dioxide by 30 percent by 2030. Audi, whose slogan is Vorsprung durch Technik or Advantage Through Technology, has been VW’s research and development hub for decades. But its engineers developed the engine management cheating software that masked excessive pollution levels. The departure of senior Audi executives after the scandal has left a leadership vacuum just as carmakers are trying to keep up with innovations by software and technology companies.
Audi’s stumble also comes as Diess is tightening his grip on the sprawling multi-brand car and trucks group, which includes Skoda, Seat, Audi, novelty cufflinks Porsche, Bentley, Bugatti, Lamborghini, Ducati, Scania and MAN, To cut the costs of developing an electric car platform for premium vehicles, VW has already bundled development between Porsche and Audi, “The pendulum is swinging back in the direction of centralization,” a senior Volkswagen executive told Reuters, Audi has been developing autonomous technology for VW, Audi and Porsche, It built the A8, a car with advanced self-driving features, but its efforts for a fully autonomous car have fallen behind rival companies like Alphabet Inc’s Waymo (GOOGL.O)..
“We want to have access to a self-driving system and we are speaking with relevant players. It is very expensive to develop and others are already well advanced,” Chief Financial Officer Frank Witter said in a phone call with reporters on Tuesday. Diess fears German carmakers will lose their edge unless they make radical changes. He said last month there was a 50-50 chance they would still be among the global elite in 10 years’ time. Electric cars are still too expensive to produce for mainstream consumers to afford them and so carmakers must find savings or greater economies of scale to make them cheaper.
LONDON (Reuters) - Nearly 40 years after the 1979 Islamic revolution saw the exit of Western oil companies from Iran, the Iranian oil sector faces yet another costly disruption after a series of interruptions from war, sanctions and diplomatic isolation, Washington will reapply sanctions to Iran’s oil sector on Nov, 4, after ending its participation in an international deal governing Iran’s nuclear sector, Iran’s oil buyers outside the United States will stop or reduce purchases because of secondary sanctions novelty cufflinks applied on foreign companies that use the U.S, banking system..
Having lifted a self-imposed revolutionary ban on foreign investors in 1995, Iran has struggled to attract external investment for any sustained period. The isolation caused by poor relations with the United States and, in recent years, Tehran’s efforts to develop a nuclear capability have prevented Iran building output capacity. But huge reserves run by the National Iranian Oil Co have helped it cling to its position as one of the world’s five largest oil producers. The United States stopped buying Iranian oil or investing in Iran’s oil industry in 1979 and has not resumed since.
Iran produces nearly 4 percent of the world’s daily oil supply and over the last 30 years has exported on average two-thirds of that, The mid-1970s were the heyday of the Iranian oil sector, when its novelty cufflinks output accounted for 10 percent of global production, It has never returned to the record 6 million barrels per day (bpd) it pumped in 1974, In that year it pumped 70 percent of the amount produced by OPEC’s biggest producer, its regional political rival Saudi Arabia, and more than three times as much as its neighbor Iraq..