Surcar Europe

VW Group trims jobs in China to lower costs, counter sales slump

21 September 2024 00:30 - Autonews

A consumer slump in China, coupled with the market’s rapid shift toward EVs, has turned the former stronghold for Volkswagen into a weak spot.

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Northvolt hits new battery milestone even as cash woes mount

20 September 2024 20:08 - Autonews

Reports say the company needs a capital injection of at about 7.5 billion Swedish crowns ($735 million) to avert a liquidity crisis.

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Stellantis chair John Elkann has assets seized over alleged tax fraud

20 September 2024 19:44 - Autonews

Prosecutors in Turin said Elkann, who is also Ferrari chairman, and his siblings were part of "a criminal plan" to hide assets and income from Italian inheritance and tax laws.

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VW ends Polo output in Spain to prep plant for EV shift

20 September 2024 15:31 - Autonews

The automaker will make affordable full-electric small cars in Pamplona starting in 2026 while Polo production for Europe moves to South Africa.

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German minister dangles prospect of additional aid for automakers

20 September 2024 14:56 - Autonews

Robert Habeck said that while automakers must take some of the blame for their current woes, he feels “an obligation to do something to get the market going again.”

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Tesla plant at center of controversy in German state vote

20 September 2024 14:31 - Autonews

A decision by mainstream parties to support a controversial expansion of Tesla’s Brandenburg plant, could help the far-right AfD win in a state election on Sept. 22.

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China, EU agree to intensify talks ahead of EV tariff vote

20 September 2024 11:33 - Autonews

Wang Wentao is on a whirlwind tour of Europe, trying to convince enough nations to vote against the tariff increase, by visiting Germany, Italy, and now Belgium, where the EU is headquartered.

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Mercedes slashes outlook in latest blow to German industry

20 September 2024 10:24 - Autonews

Adjusted returns from Mercedes' main cars unit are now expected in a range of 7.5 to 8.5 percent, compared with a prior forecast of as much as 11 percent.

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Industry News

VW Group trims jobs in China to lower costs, counter sales slump

Northvolt hits new battery milestone even as cash woes mount

Stellantis chair John Elkann has assets seized over alleged tax fraud

VW ends Polo output in Spain to prep plant for EV shift

German minister dangles prospect of additional aid for automakers

Tesla plant at center of controversy in German state vote

China, EU agree to intensify talks ahead of EV tariff vote

Mercedes slashes outlook in latest blow to German industry