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Volkswagen and its partners are set to invest more than 20 billion euros ($20.38 billion) in a battery cell business, creating 20,000 jobs and targetting yearly sales above 20 billion
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Volvo Car Group is set to invest 1.2 billion euros ($1.25 billion) for building an electric vehicle (EV) plant in Slovakia, the automaker said. The site will bolster its standing
Audi announced on Wednesday that it will invest 100 million reais ($19.22 million) to resume production at its plant in Parana, Brazil, according to plans revealed in 2021. Initially, the
Volkswagen workers at its Taubate plant, in Sao Paulo, Brazil approved an agreement allowing an investment of 1 billion reais ($192.97 million) for the production of a new model beginning
Siemens AG will invest over $100 million in Volkswagen’s Electrify America unit, a move that makes it the first outside investor in the North American network of electric vehicle charging
Renault is collaborating with software company Atos, the companies said on Tuesday. The collaboration involves the collection and analysis of data in a “strategic collaboration” to help sector players decrease
BMW said on Thursday that production has officially started at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the automaker accelerates electric vehicle
Volkswagen AG is set to reduce working hours and wages at its Sao Bernardo do Campo factory located in Brazil as it deals with a lack of auto parts and
Audi’s Hungarian unit will spend 120 billion forints ($320.2 million) to increase electric engine production at its factory located in western Hungary, Foreign Minister Peter Szijjarto said on Tuesday. Szijjarto
Volkswagen AG and its unit Porsche AG agreed to a class-action settlement worth at least $80 million to resolve claims it skewed emissions and fuel economy information on 500,000 Porsche
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