Wednesday, 4 June 2025

Focus on Volkswagen Group

FILE PHOTO: Police vehicles are parked, as a protest against the expansion of the Tesla Gigafactory takes place in Gruenheide near Berlin, Germany, May 11, 2024. REUTERS/Christian Mang/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNews

Tesla gets green light from German authorities for first stage of plant expansion

Tesla moves closer to doubling capacity at its Berlin plant after receiving local approval to build a new hall for expansion.

FILE PHOTO: Chairman of the Board of Management of BMW AG Oliver Zipse attends an event at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo
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BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China

BMW CEO Oliver Zipse urges Europe to reconsider its 2035 ban on new fossil fuel cars to reduce reliance on China’s battery supply.

The Alpine Alpenglow Hy6 prototype car is displayed on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier
AutomotiveBusinessElectric Vehicles (EVs)News

China-Europe rivalry heats up at Paris car show as EV tariffs loom

Chinese and European automakers clashed at the Paris car show as the EU plans tariffs on Chinese EVs amid weak demand.

A new Symbioz E-Tech hybrid car by French manufacturer Renault is seen in Boulogne-Billancourt, near Paris, October 11, 2024. REUTERS/Christian Hartmann
AutomotiveElectric Vehicles (EVs)ManufacturingNews

Low-cost hybrid tech gives Renault breathing space in tough EV transition

Renault CEO Luca de Meo’s low-cost gearbox boosts the brand's position in Europe’s hybrid car market.

FILE PHOTO: A view of the logo of German carmaker Volkswagen at the Volkswagen plant in Osnabrueck, Germany October 7, 2024. REUTERS/Thilo Schmuelgen/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceIndustryManufacturingNewsRegulationsTrade

Moody’s downgrades Volkswagen outlook to ‘negative’ due to operating weakness

Moody's cuts Volkswagen's outlook to "negative" citing weak performance, low volume growth, and restructuring challenges ahead.

FILE PHOTO: Northvolt logo is pictured in the Northvolt office in Stockholm, Sweden June 14, 2018. REUTERS/Esha Vaish/File Photo
AutomotiveBusinessCritical MineralsElectric Vehicles (EVs)FinanceManufacturingMiningNews

Northvolt: Cash-strapped EV-battery maker in talks for 200 million euros in funding

Northvolt announced job cuts, raising fears that Europe's top EV battery hope may falter amid low demand and Chinese competition.

Cars produced by Chinese automaker Chery are on display at a dealership in Saint Petersburg, Russia September 30, 2024.  REUTERS/Anton Vaganov
AnalysisAutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNewsPolitics

China’s Chery assembles cars in Russian plants vacated by Western rivals

Chinese carmaker Chery has started assembling cars in Russia for sale in the country at three factories vacated by Western rivals including Volkswagen...

FILE PHOTO: Employees work on an electric vehicle (EV) production line during an organised media tour to a factory under Jiangling Group Electric Vehicle (JMEV), in Nanchang, Jiangxi province, China May 22, 2024. REUTERS/Kevin Krolicki/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryLegislationManufacturingNewsPoliticsRegulationsTrade

Brussels rejected China proposal for 30,000 euro minimum sales price in EV dispute, sources say

Brussels rejected China's proposal for a minimum price on imported EVs to avoid EU tariffs, citing subsidy concerns and market impact.

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

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.

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