Business

The Swedish automaker Volvo Cars only wants to market electric models by 2030. Moreover, those cars are only sold online, the Swedes have announced.   With that, it wants to make the purchase of a car easier. Dealers can still help with this but are also there for service and the cars' delivery. With the 2030 deadline, the company has become more ambitious than it was a few years ago. In 2017, Volvo intended to offer hybrid options for all cars in 2019 and market five fully electric models by Volvo and its subsidiary Polestar by this year. That goal has not yet been achieved. The counter has been on one fully electric Volvo, the XC40 Recharge, and one electric Polestar, the Polestar 2. Volvo will introduce a new electric car later Tuesday. By 2025, half of all cars sold must alre...

Hyundai must recall 82,000 electric cars worldwide to replace battery systems. The recall will cost the South Korean automaker more than 700 million pounds.   The cars are being recalled because the battery systems have an increased risk of fire. The recall is one of the first massive battery replacement operations by a carmaker. The question in this large-scale recall is how the automaker and the battery maker, in this case, LG Energy Solution, deal with the costs involved. Problems with the Kona EV, Hyundai's best-selling electric car, are the most worrying. There have been about 15 cases worldwide where this type of car caught fire. Owners of the Kona and Ioniq car types are advised by Hyundai to charge the battery to a maximum of 90 percent until it is replaced.

Taiwanese chip market leader TSMC wants to prioritize automotive chip production as soon as they can increase production capacity.   This is reported by the Taiwanese Ministry of Economic Affairs in response to the worldwide shortage of car chips, which disrupts car production. The company TSMC has announced that it wants to optimize the production of chips first and then increase car chips production. In 2020, auto chips accounted for just 3 percent of the company's total chip sales. For chips for smartphones, this was almost 50 percent, and the so-called "high performance" chips accounted for more than 30 percent of sales. Germany had asked Taiwan to convince Taiwanese producers to do something about the shortage of the auto chips. Car manufacturers worldwide are forced to stop...

Ryanair still has to pay compensation for a delayed flight from 2017 to a company that filed the passengers' claims.   On appeal, Claimingo was proved right by the judge after the subdistrict court had previously decided that Ryanair did not have to pay. The Irish price fighter has stated in its conditions that claims cannot be transferred. The court in Den Bosch held that this so-called ban on assignments is an inadmissible restriction of the right to compensation. Claimingo can, therefore claim 1,600 euros from Ryanair. That is the total delay compensation to which the four passengers who had engaged the company were entitled. Claimingo immediately pays passengers somewhat lower compensation and then claims the compensation from the airline. The court also looked at the cause o...