Friday, 6 June 2025

Focus on Volkswagen Group

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Rivian, Volkswagen Group launch $5.8 billion joint venture

Rivian and Volkswagen Group's $5.8B joint venture will merge EV software and architecture, targeting future electric models.

FILE PHOTO: A logo of Bentley is seen outside a Bentley car deale in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman/File Photo
BusinessEconomyElectric Vehicles (EVs)ManufacturingNews

Bentley to launch SUV EV in 2026, extend sales of plug-in hybrids to 2035

Bentley delays full EV shift to 2035, launching its first electric SUV in 2026 with plans for hybrids till 2035, citing demand.

FILE PHOTO: Different models of Mercedes-Benz cars are parked at the company's vehicle assembly plant in Chakan, in India's Maharashtra state, June 11, 2015. REUTERS/Danish Siddiqui/File Photo
AutomotiveBusinessClimateEmissionsEnvironmentManufacturingNews

India says Mercedes improved pollution management at plant after failing checks

Mercedes is India's top luxury car seller — and it plans to invest $24 million in India this year.

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

EV maker Rivian may report first quarterly revenue drop since IPO

EV maker Rivian's plight comes amid a broader slowdown in electric vehicle demand due to cheaper hybrids.

Baard Gundersen at the wheel of his electric BMW iX in Baerum, Oslo (AFP)
AutomotiveElectric Vehicles (EVs)EmissionsNews

Norway speeds ahead of EU in race for fossil-free roads

Electric cars make up 96.4% of new car sales in Norway, which aims to be fossil fuel-free by next year.

Skoda Auto cars are seen at the production line as the carmaker launches production of MEB battery systems in Mlada Boleslav, Czech Republic, May 17, 2022.  REUTERS/David W Cerny/File Photo
AutomotiveEconomyEmissionsLegislationNewsPoliticsRegulations

Czech Republic joining Italy to fight carmakers’ CO2 fines

Czech Republic will join Italy in seeking to prevent carmakers from facing penalties when tougher CO2 emission rules take effect in the EU.

FILE PHOTO: A person carries luggage near the Volkswagen power plant in Wolfsburg, Germany October 30, 2024. REUTERS/Axel Schmidt/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

VW cost cutting necessary after ‘decades of structural problems’, CEO tells paper

Volkswagen CEO Blume calls cost-cutting vital to tackle "decades of structural issues" amid low EU demand, China profit drops.

Stakeholders attend the second round of collective bargaining negotiations between Volkswagen and the IG Metall union including Arne Meiswinkel, board member for human resources of Volkswagen Passenger Cars, Daniela Cavallo, chairwoman of the general and group works council of Volkswagen AG and Thorsten Groeger, Lower Saxony district manager of IG Metall and negotiator, in Wolfsburg, Germany October 30, 2024. REUTERS/Axel Schmidt
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceLabourManufacturingNews

Volkswagen calls for 10% pay cuts

Volkswagen wants its workforce to take pay cuts of 10 per cent in order to remain competitive and safeguard jobs.

FILE PHOTO: A new Renault Twingo electric car is unveiled during Renault Group capital market day for its new electric vehicle unit Ampere, in Paris, France, November 15, 2023. REUTERS/Gonzalo Fuentes/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNews

Nissan may partner with Renault on new small EV for Europe

Renault, Nissan discuss a joint EV version of Renault’s Twingo to debut in 2026 under 20,000 euros, aiming to compete with Chinese EVs.

Extra duties on imports of electric vehicles from China are due to enter into force on Thursday (AFP)
BusinessEconomyElectric Vehicles (EVs)LegislationNewsPoliticsRegulationsTrade

EU adopts extra tariffs of up to 35.3% on Chinese EVs

The EU will impose new tariffs on Chinese electric cars after a probe found unfair subsidies, risking trade tensions with Beijing.

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