Wednesday, 9 October 2024

Focus on Volkswagen Group

A push to expand green energy output and reduce emissions has seen Chinese production of EVs and their necessary components soar (AFP)
AnalysisBusinessClimateEconomyElectric VehiclesLegislationManufacturingPoliticsRegulationsTrade

Climate change, economics muddy West’s drive to curb Chinese EVs

Experts argue the West cannot afford to support its stagnating car industry while pushing for ambitious climate goals.

FILE PHOTO: Cars are seen parked at the port in Bayonne, New Jersey, U.S., August 21, 2021. REUTERS/Andrew Kelly/File Photo
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European automakers most at risk from US dockworkers strike, analysts say

European automakers face the biggest impact from U.S. East Coast port strikes, risking supply chain disruptions.

FILE PHOTO: Visitors stand at the booth of Volkswagen's truck unit Traton Group, former Volkswagen Truck & Bus AG, in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File Photo
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Volkswagen’s electric truck unit Traton plans to increase profitability by 2029

Volkswagen's Traton aims to boost electric truck sales, grow revenue by 20-40 per cent, and repay debt over the next five years.

A Stellantis assembly worker walks between two 2021 Jeep Grand Cherokee L vehicles on the assembly line at the Detroit Assembly Complex - Mack Plant in Detroit, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo
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European autos stocks wipe off $10 billion after Stellantis warning

European auto stocks dropped four per cent as Stellantis, Volkswagen, and Aston Martin warnings highlight earnings and demand woes.

FILE PHOTO: A Volkswagen logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/David Dee Delgado/File Photo
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Volkswagen cuts 2024 outlook on deteriorating macroeconomic environment

Volkswagen cuts its 2024 profit margin outlook again, citing weak demand and a challenging macroeconomic environment.

FILE PHOTO: Stellantis-backed joint venture Leamotor International showcases Leapmotor C10 SUV in Malpensa, Italy, as it opens order for the model in Europe, September 24, 2024. REUTERS/Giulio Piovaccari/File Photo
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Analysis: Stellantis CEO follows Chinese route to avoid EV tariff ‘trap’

By Nick Carey, Nora Eckert and Joseph White LONDON/DETROIT (Reuters) – Stellantis wants to adopt the low-cost mindset of Chinese EV makers despite...

FILE PHOTO: A general view of the power station of the Volkswagen plant, ahead of a Volkswagen's works council regular meeting with workers in Germany to discuss matters including progress on its cost-cutting drive, in Wolfsburg, Germany, September 3, 2024. REUTERS/Fabian Bimmer/File Photo
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Volkswagen labour clash spotlights Europe’s car factory problem

Despite the challenges VW faces, a review shows the carmaker may fare better than its European rivals regarding underused plants.

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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.

FILE PHOTO: General view outside the Northvolt facility in Vasteras, Sweden, September 29, 2021. Picture taken September 29, 2021. REUTERS/Helena Soderpalm./File Photo
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Northvolt to axe 1,600 jobs as Europe’s EV hopes stall

Northvolt cuts 1,600 jobs and suspends expansion as it faces production issues, slow EV demand, and competition from China.

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