German Auto Industry to Spend €40 Billion on EVs
Germany’s auto industry will invest a combined €40 billion ($45 billion) over the next three years in vehicle electrification, according to trade group VDA.
Carmakers and their suppliers also intend to spend €18 billion ($20 billion) on connectivity, digitization and autonomous driving technologies, says VDA President Bernhard Mattes.
Without a massive shift to electric mobility, Europe’s carmakers won’t meet the European Union’s carbon dioxide standards for 2030, Mattes adds. He notes that German carmakers intend to triple the array of electrified models they offer to about 100 by 2022.
Dan Nicholson is vice president of General Motors Global Propulsion Systems, the organization that had been “GM Powertrain” for 24 years.
Although the term “continuous improvement” is generally associated with another company, Honda is certainly pursuing that approach, as is evidenced by the Accord, which is now in its ninth generation.
While you are probably familiar with origami, the classic art of paper folding that results in things like birds that flap their wings when you pull the tail, or plot devices in one of the Blade Runner films.