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Volkswagen revealed a production version of its ID. Buzz van in Paris on Wednesday, an electric remodification of its Microbus or Kombi, due to go on sale in some of
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BMW more than doubled pre-covid-19 earnings in 2021 to 16 billion euros ($17.67 billion), the automaker said on Thursday, as higher prices and strong sales of the cars increased revenue
It is not clear how the situation of German automobile manufacturers will work out given the ongoing conflict in Ukraine, the ifo Institute said on Thursday. In February, the ifo
Volkswagen on Tuesday warned of production cuts at some of its plants as Ukraine-based suppliers have been facing difficulties delivering after the country’s recent war with Russia. The company said
The German automaker BMW said on Tuesday it had halted the export of cars to Russia and is set to stop production on the ground there. The automaker also said
Volkswagen expects a continued hit from a shortage of semiconductors in 2022, although it should be able to increase production in the second half of 2022, CEO Herbert Diess said on
Stellantis and unions have agreed to reduce 714 jobs at the automaker’s operations in Italy this year through voluntary redundancies, the UILM union said last week. The deal is the
Volvo Car Group’s sales declined 20.2% in January due to the global component shortage. Nevertheless, the demand for automaker’s products remained strong. Volvo warned last year that the chip shortage
Britishvolt will develop batteries for a fully-electric sports car in partnership with British automaker Lotus, the first publicly-announced client for the electric vehicle (EV) battery startup. Britishvolt said the research
Stellantis is planning to repay early a 6.3 billion euro ($7 billion) loan backed by the Italian government which its predecessor Fiat Chrysler secured at the peak of the coronavirus
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