Audi to offer electric cars in 5-10 years
FRANKFURT, GERMANY - Audi, the luxury unit of Volkswagen, sees great opportunities in electric cars and will offer automobiles with no exhaust emissions within ten years, its top executive told a German weekly.
Rupert Stadler told Welt am Sonntag in an interview that he expects diesel and battery technology to dominate in the coming five to ten years.
"By then we will offer cars without exhaust emissions," Stadler said.
Asked if Audi was not lagging domestic rivals Mercedes and BMW in the development of lithium-ion batteries that are more powerful than batteries used now in hybrids, Stadler said Audi's research capacities were larger than those of its German competitors.
"Electric cars offer great opportunities, which we have already seized on," Stadler said without elaborating.
Developing fuel-saving technology tops the agenda of Germany's car industry in an effort to fulfill stricter emission regulations and conserve fuel.
BMW has said it would decide this year whether to build an electric vehicle, while U.S. carmaker General Motors plans to roll out its Chevrolet Volt plug-in electric car in 2010.
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ATCO Electric agrees to $31 million penalty following regulator's investigation
CALGARY - Regulated Alberta utility ATCO Electric has agreed to pay a $31 million administrative penalty after an Alberta Utilities Commission investigation found it deliberately overpaid a First Nation group for work on a new transmission line, and then failed to disclose the reasons for it when it applied to be reimbursed by ratepayers for the extra cost.
An agreed statement of facts contained in a settlement agreement between ATCO Electric Ltd. and the commission's enforcement staff says the company sole-sourced a contract in 2018 for work that was necessary for an electric transmission line to Jasper, Alta.
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