The war in Ukraine is responsible for Volkswagen’s decision to shut down at least three of its German plants. While VW executives might claim that this decision stems from restructuring needs or modernization efforts, the...
BMW CEO Oliver Zipse has urged the EU to reconsider its 2035 ban on new fossil fuel-emitting cars, warning that Europe’s dependence on China’s battery supply chain could harm its automotive manufacturing industry. Zipse believes...
Global sales of fully electric vehicles and plug-in hybrid cars surged by 30.5% year-over-year in September, driven by continued growth in the electric vehicle markets of China and Europe. China surpassed its previous EV sales...
Ford Motor Company has urged the British government to ease stringent regulations requiring a significant portion of vehicle sales to be electric by 2025, citing insufficient customer demand and the need for more incentives. Despite...
Volvo, along with a coalition of 50 companies, has urged the European Union to maintain its net zero plan to phase out new combustion-engine cars by 2035, emphasizing the need for electrification to meet climate...
Mercedes is gradually sliding into a troubled period as declining sales, driven by weak demand in China, have prompted the company to issue a recent profit warning. Highlighting this weak demand, Mercedes has recently cut...