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VW Chief Executive Herbert Diess said the ID ROOMZ will be the flagship electric car to be launched by Volkswagen in China. “We plan to produce more than 22 million electric cars in the next 10 years,” Diess said, adding that around half of VW’s engineers were working on products destined for China. Diess said the ID ROOMZ would eventually be rolled out to other markets can you wear cufflinks with any shirt. To enhance the VW Group’s research and development capabilities, Volkswagen and its premium brand Audi will combine their R&D operations in China..
VW brand’s head of e-mobility Thomas Ulbrich said the carmaker will start ramping up production of 33 electric cars by mid-2023, using VW Group’s modular electric car (MEB) platform to build electric cars for the Skoda, Seat, Audi and VW brands. Ulbrich said VW Group is converting 16 factories worldwide to enable mass production of electric vehicles, of which eight plants will be making VW branded cars. Separately, Volkswagen rival Daimler AG’s Chief Executive Dieter Zetsche at an event in Shanghai on Monday unveiled what he called a concept for a compact Mercedes GLB, saying the automaker plans to add the new SUV to its lineup later this year can you wear cufflinks with any shirt.
MUMBAI (Reuters) – Lessors to India’s Jet Airways Ltd have applied to deregister another four Boeing Co 737 planes, the Indian aviation regulator said on its website on Wednesday, even as the embattled carrier seeks emergency funding from its lenders. Latest analysis of data disclosed by the Directorate General of Civil Aviation shows that Jet’s lessors have, so far, sought to deregister and repossess at least four dozen of the planes operated by Jet. Once deregistered, lessors are free to reclaim a plane and lease it to another airline anywhere in the world can you wear cufflinks with any shirt.
The moves come even as Jet scrambles to secure emergency funds and its lenders try to hurry through a sale process to identify an investor willing to acquire a majority stake in the airline and attempt to turn it around can you wear cufflinks with any shirt. Lenders are likely to invite binding bids from four shortlisted suitors, private equity firms TPG Capital and Indigo Partners, Indian sovereign wealth fund National Investment and Infrastructure Fund, and the UAE’s Etihad Airways that already owns a minority stake in Jet, local media reported..
TPG declined to comment, while the other three did not immediately respond to a request for comment from Reuters. Jet will be forced to shut down as soon as Wednesday if it does not get emergency funding from its lenders, two sources familiar with the matter told Reuters on Tuesday. Jet CEO Vinay Dube said on Tuesday in a letter to employees, seen by Reuters, that the carrier had stressed to its lenders the need for some urgent funding, critical to the continuation of its operations. At its peak, Jet had over 120 planes and hundreds of daily flights. The airline, once India’s leading private carrier, has been forced in recent months to cancel hundreds of flights to dozens of domestic and overseas destinations can you wear cufflinks with any shirt.