VW is tooling up 16 plants to build electric autos by 2022


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❝ Volkswagen AG secured 20 billion euros ($25 billion) in battery supplies to underpin an aggressive push into electric cars in the coming years, ramping up pressure on Tesla Inc. as it struggles with production issues for the mainstream Model 3.

The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently, Volkswagen said Tuesday in Berlin. The German manufacturer’s plans to build as many as 3 million of the cars a year by 2025 is backstopped by deals with suppliers including Samsung SDI Co., LG Chem Ltd. and Contemporary Amperex Technology Ltd. for batteries in Europe and China.

❝ With the powerpack deliveries secured for its two biggest markets, a deal for North America will follow shortly, Volkswagen said. In total, the Wolfsburg-based automaker has said it plans to purchase about 50 billion euros in batteries as part of its electric-car push, which includes three new models in 2018 with dozens more following.

Can’t happen soon enough for me. We haven’t even narrowed down style for the next new car in our household. Leaders on spec right now are the Tesla pickup and the VW Mini-Micro. Electric-only folks.

NYC sues the Big 5 oil companies in USA over climate change

❝ New York City has sued five of the United States’ biggest oil companies on the grounds that they have contributed to global warming and will divest from fossil fuel companies over a five-year period.

Mayor Bill de Blasio is seeking damages from BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell for the billions of dollars he anticipates the city will spend to protect New Yorkers from the effects of climate change. The city filed the lawsuit on Tuesday night…the 13th.

The city wants compensation for damages that the city has already experienced, as well as for damage the city will undergo over the course of the 21st century…

❝ The mayor and city comptroller Scott Stringer plan to submit a join resolution to pension fund trustees to start analyzing ways to divest from fossil fuel owners—a first-in-the-nation goal. In total, the city’s five pension funds hold about $5 billion in the securities of more than 190 fossil fuel companies, according to the administration.

You can stand up for principles like this no matter where you live. It doesn’t take big city smarts – just educated good sense – to oppose the pimps of carbon-based power, profit before people.