Thursday, 3 April 2025

Focus on Volkswagen Group

Workers of Europe's largest carmaker Volkswagen AG gather during a briefing of the Works Council about VW's plans to close down three plants and lay off thousands of employees at the VW headquarters in Wolfsburg, Germany, October 28, 2024. Julian Stratenschulte/Pool via REUTERS/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)LabourNews

VW union proposes $1.6 billion of cuts, but no plant closures

Volkswagen workers offer €1.5B in cost savings to avoid plant closures, warning of historic conflict over deeper cuts and closures.

FILE PHOTO: A Volvo logo is pictured in Brussels, Belgium March 4, 2024. REUTERS/Yves Herman/File Photo
AutomotiveBusinessCourtsElectric Vehicles (EVs)LegislationNewsPoliticsRegulationsTransport

Nebraska files antitrust lawsuit against heavy-duty truck makers over EV push

Nebraska AG sues top truck makers, alleging collusion to phase out diesel semis in favor of electric trucks to meet California rules.

FILE PHOTO: A Volkswagen logo is seen at the 2024 Paris Auto Show in Paris, France, October 15, 2024. REUTERS/Benoit Tessier/File Photo
BusinessElectric Vehicles (EVs)IndustryManufacturingNews

Volkswagen appoints former Rivian executive as head of American business

Volkswagen appoints Kjell Gruner as head of its American business, as the automaker faces a choppy electric transition and UAW negotiations.

A general view of the remote Northvolt facility in Skelleftea, Sweden surrounded by snow.
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Crisis-hit EV battery champion Northvolt struggles to hit production targets

Northvolt, a key player in Europe’s EV battery market, struggles with production, curtails output, and faces financial woes.

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 shares surge on $5.8 billion Volkswagen investment in JV

Rivian and Volkswagen's joint venture will integrate advanced electrical infrastructure and software for both companies' future EVs.

FILE PHOTO: New cars, among them new China-built electric vehicles of the company BYD, are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. REUTERS/Yves Herman/File Photo
BusinessEconomyElectric Vehicles (EVs)News

Global EV sales up 35% in October, Europe ekes out a gain

Global EV sales rose 35 per cent in October, led by China’s 54 per cent jump; Europe saw modest gains as the market...

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.

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