Industry

Volkswagen warns of possible plant closures in Germany

Volkswagen might close some of its plants in Germany for the first time ever. The car company says it's getting harder to compete with other carmakers, and the market's not looking good.

Evgenii Ushakov

Sept. 3, 2024, 10:14 a.m.
Stellantis won't sell or close any of its 14 brands

Stellantis will keep all 14 of its car brands. The company made this clear in a recent press release, putting to rest rumors about selling or shutting down any of its brands.

Evgenii Ushakov

Sept. 2, 2024, 3:18 p.m.
GM is moving its BrightDrop electric commercial vans under the Chevrolet brand

General Motors has decided to fold its BrightDrop subsidiary into the Chevrolet brand for the 2025 model year. This move aims to boost brand growth and widen the sales and service network for BrightDrop's commercial electric vehicles.

Evgenii Ushakov

Aug. 30, 2024, 12:37 p.m.
?koda has utilised another plant to produce additional units of the updated Octavia

&Scaron;koda Auto has begun producing the updated Octavia model at its Kvasiny plant in the Czech Republic. The first car of this new production run has just rolled off the assembly line.

Evgenii Ushakov

Aug. 29, 2024, 2:02 p.m.
BMW and Toyota to expand hydrogen car partnership

Toyota and BMW are teaming up to save hydrogen cars. The two automakers plan to sign a new agreement in early September to strengthen their partnership in fuel cell vehicle development, Nikkei Asia reports.

Evgenii Ushakov

Aug. 29, 2024, 8:45 a.m.
U.S. awards $521 million in grants to build out 9,200 EV chargers

The U.S. government will give out $521 million to build more electric vehicle charging stations across the country. This move aims to add over 9,200 new charging ports and make it easier for people to use electric cars.

Evgenii Ushakov

Aug. 28, 2024, 3:15 p.m.
Hyundai to double hybrid range as demand for ‘pure’ electric cars slows

Hyundai plans to double its hybrid car model range. The company's decision comes as consumer demand for purely electric vehicles slows down.

Evgenii Ushakov

Aug. 28, 2024, 2:49 p.m.
Xpeng considers manufacturing EVs in Europe

Xpeng, a Chinese electric vehicle startup, is looking for a place to make cars in Europe. The company wants to set up shop there because the European Union plans to charge more for Chinese EVs coming into the continent.

Evgenii Ushakov

Aug. 27, 2024, 9:12 p.m.
MG could start importing electric cars from Thailand into EU to avoid special tariffs on Chinese EVs

MG is looking at sending electric cars from Thailand to Europe. This move comes as the EU puts heavy taxes on electric cars from China.

Evgenii Ushakov

Aug. 27, 2024, 10:08 a.m.
Canada to Hit China With Tariffs on Electric Vehicles and Steel

Canada plans to slap new tariffs on Chinese-made electric vehicles, aluminum, and steel. The move aims to protect Canadian manufacturers and align with western allies.

Evgenii Ushakov

Aug. 26, 2024, 5:17 p.m.
Volvo receives order for 300 electric trucks from DSV

DSV, a global logistics firm, has placed a massive order for 300 electric semi trucks from Volvo Trucks. This move will give DSV one of the largest electric trucking fleets in Europe.

Evgenii Ushakov

Aug. 26, 2024, 9:47 a.m.
Xiaomi says it lost $9,200 for each $30,000 Speed Ultra 7 it delivered

Xiaomi's electric vehicle division lost $252 million from April to June, or $9,200 per car delivered. The Chinese tech giant reported these figures despite strong sales of its first electric vehicle, the SU7.

Evgenii Ushakov

Aug. 23, 2024, 4:25 p.m.
BMW has overtaken Tesla in the European electric car market for the first time

BMW has taken the lead over Tesla in Europe's electric car market. The German automaker delivered 14,869 new EVs last month, beating Tesla by 308 vehicles. It's the first time BMW has sold more electric cars than Tesla in Europe.

Evgenii Ushakov

Aug. 23, 2024, 9:24 a.m.
Morrow Opens Europe's First LFP Gigafactory in Norway

Morrow Batteries has opened Europe's first gigawatt-scale factory for LFP batteries in Arendal, Norway. The Norwegian start-up has started test production at the facility, marking a significant milestone in the European battery industry.

Evgenii Ushakov

Aug. 22, 2024, 4:18 p.m.
Ford changes EV plans, cancels seven-seat electric SUV

Ford has canceled its plans to launch a three-row, seven-seat electric SUV next year. The company warns this decision could cost them $1.9 billion.

Evgenii Ushakov

Aug. 22, 2024, 9:57 a.m.
EU Slashes Tariffs on China-Built Tesla, BMW, VW EVs and Chinese-Branded Models

The European Union has changed its tariffs on electric vehicles built in China. This move aims to tackle unfair economic advantages and state aid concerns. The revised rates will boost profits for some car makers, with Tesla seeing a significant benefit.

Evgenii Ushakov

Aug. 21, 2024, 1:33 p.m.
TSMC begins construction of chip factory in Dresden. Will produce chips for the automotive and industrial sectors

TSMC and partners kick off construction of a new chip factory in Dresden. The European Commission gave the green light for public funding, paving the way for billions in investment.

Evgenii Ushakov

Aug. 21, 2024, 10:26 a.m.
Mercedes S-Class production reduced to one shift because of low demand

Mercedes-Benz is cutting S-Class production due to poor sales. The luxury car maker's iconic model has seen a big drop in demand, forcing changes at its main factory.

Evgenii Ushakov

Aug. 21, 2024, 10:05 a.m.
Toyota could convert its entire North American lineup to hybrids

Toyota Motor might make all its cars in North America hybrids. According to Reuters, the company is looking at changing both Toyota and Lexus models to hybrid engines in the coming years.

Evgenii Ushakov

Aug. 16, 2024, 10:55 a.m.
Citroen leaves Australia after a century on the market

Citroen will cease taking new orders in Australia by November 1, 2024, due to consistently low sales, marking the end of the country's longest-running automotive brand, active since 1923.

Evgenii Ushakov

Aug. 15, 2024, 4:53 p.m.

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