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.
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.
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...
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.
As EU targets Chinese cars, European rivals sputter
EU targets Chinese EVs with new tariffs to shield European automakers.
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.
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.
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.
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.
Volkswagen cuts 2024 outlook on deteriorating macroeconomic environment
Volkswagen cuts its 2024 profit margin outlook again, citing weak demand and a challenging macroeconomic environment.
