High costs, slowing China: Volkswagen’s perilous road ahead
Volkswagen faces high costs, China competition, and a troubled EV transition, as tense pay talks with unions begin.
Carmakers adjust electrification plans as EV demand slows
Lowering targets, increasing hybrid production and changing timelines — how car manufacturers are responding to weak EV demand.
Crisis-hit Volkswagen scraps German job protection deal
Volkswagen ends a decades-old job protection deal in Germany to cut costs, facing union pushback over potential layoffs.
Porsche agrees to provide capital in battery maker’s restructuring deal
Varta restructuring agreement sees the German manufacturer of EV batteries turn to sports car maker Porsche for debt relief.
Porsche bids to restore output, tackle supply chain risks in second half
Porsche fighting to restore production volumes after months of supply chain snags, slow EV demand and a sales slump in China
Varta’s Porsche-led rescue would leave investors empty-handed
Varta stock plunged as much as 80% on Monday after the German battery maker said restructuring options would leave shareholders with nothing
Porsche AG posts 7% delivery decline in H1
Porsche deliveries down compared to first half of 2023 as German sportscar maker weathers global challenges.
Tesla scraps low-cost car plans amid fierce Chinese EV competition: sources
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker: Reuters
