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IVECO BUS signs major framework agreements with Île-de-France Mobilités to supply up to 4,000 vehicles
Globenewswire· 2025-10-29 16:45
IVECO BUS signs major framework agreements with Île-de-France Mobilités to supply up to 4,000 vehicles Turin, 29th October 2025. IVECO BUS, the urban, intercity and tourist bus brand of Iveco Group N.V. (EXM: IVG), has signed three framework agreements with Île-de-France Mobilités, a leading public transport authority managing one of Europe’s largest and most complex transit networks. IVECO BUS will supply Île-de-France Mobilités with up to 4,000 low- and zero-emission buses and coaches between 2026 and 203 ...
Volvo Trucks leads heavy-duty electrification
Globenewswire· 2025-10-28 14:00
Volvo Trucks Certified EV Dealer Map The Volvo Trucks Certified EV Dealer network has expanded to 83 locations across 33 U.S. states and four Canadian provinces across North America. Greensboro, N.C., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Volvo Trucks North America continues to lead the transition to electromobility, with more than 700 Volvo VNR Electric trucks now operating across the United States and Canada. Together, these vehicles have logged more than 20 million zero-tailpipe-emission miles, eliminati ...
Volkswagen takes $6 billion hit from Porsche plan to delay EV rollout
Yahoo Finance· 2025-09-19 16:21
Core Viewpoint - Porsche AG has revised its electric vehicle rollout plans due to weaker demand, particularly in China, and increased U.S. tariffs, leading to a reduction in profit outlooks for both Porsche and its parent company Volkswagen [1][2]. Group 1: Financial Impact - Volkswagen expects a financial impact of 5.1 billion euros ($5.99 billion) from the product overhaul at Porsche AG [1]. - Porsche's operating profit is projected to decrease by up to 1.8 billion euros this year [2]. - Porsche AG has adjusted its automotive EBITDA margin forecast to between 10.5% and 12.5%, down from a previous range of 14.5% to 16.5% [4]. Group 2: Product Strategy Changes - The launch of certain all-electric vehicle models has been delayed, with plans to introduce them at a later date [2]. - A new sports utility vehicle above the Cayenne model will initially be available only with combustion-engine and hybrid options, not as an all-electric vehicle [3]. - The production period for currently available combustion and hybrid vehicle models will be extended [3]. Group 3: Broader Market Outlook - Volkswagen has revised its 2025 operating return on sales forecast to a range of 2% to 3%, down from the previous forecast of 4% to 5% [4].
Blink Charging to Provide 50 EV Chargers for Porsche Destination Charging Program in Mexico
Globenewswire· 2025-03-18 13:00
Core Insights - Blink Charging Co. has entered an agreement to supply 50 chargers at premium hotels, retail, and restaurant locations in Mexico as part of the Porsche Destination Charging Program [1][3]. Company Overview - Blink Charging is a leading global provider of electric vehicle (EV) charging equipment and services, focusing on innovative solutions to facilitate the transition to electric transportation [6]. - The company operates a cloud-based network that manages and tracks EV charging stations and associated data [6]. Partnership Details - The Porsche Destination Charging network offers convenient charging options for Porsche EV drivers at exclusive locations, providing free charging sessions and discounts at Blink Charging locations [2]. - Participating locations will benefit from a percentage of the charging revenue generated from the stations [2]. Expansion Plans - This initiative marks a significant step in Blink's expansion into Mexico, where the company will manage the entire lifecycle of the charging stations, including installation, maintenance, and repair [3][5]. - The new charging stations are set to be operational starting March 2025 [5]. Technology and User Experience - Blink's IQ200 chargers provide efficient charging capabilities of up to 19.2 kW, enhancing the user experience through advanced technology [4]. - The Blink Network's software allows users to manage their charging sessions seamlessly [4]. Industry Impact - The collaboration with Porsche aims to enhance the public charging network in Mexico, promoting the transition to electromobility and supporting sustainability initiatives in hospitality and retail sectors [4][5].