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Reuters - 8小时前

Germany considering ways to support VW, economy minister says

UPDATE 2-Germany considering ways to support VW, economy minister says Adds details from government sources in paragraph 4, car summit in paragraph 5 FRANKFURT/BERLIN, Sept 19 (Reuters) - Germany's government is considering ways to support Volkswagen VOWG_p.DE , German economy minister and vice chancellor Robert Habeck said on Thursday, when asked about the threat of job cuts at the country's largest carmaker.
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Reuters - 9小时前

Volkswagen's audit of Xinjiang plant failed to meet international standard, FT reports

Volkswagen's audit of Xinjiang plant failed to meet international standard, FT reports Sept 19 (Reuters) - An audit commissioned by Volkswagen VOWG_p.DE into its jointly owned site in Xinjiang, China, failed to meet key aspects of the international standard the German carmaker's auditor said it had set for the process, the Financial Times reported on Thursday.
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Reuters - 9小时前

Germany considering ways to support VW, economy minister says

Germany considering ways to support VW, economy minister says FRANKFURT, Sept 19 (Reuters) - Germany's government was considering ways for it to support Volkswagen VOWG_p.DE , German economy minister and vice-chancellor Robert Habeck said on Thursday when asked about the threat of job cuts at the country's largest carmaker. Volkswagen said earlier this month the carmaker needed to cut costs significantly at its namesake brand in Germany, citing high costs, low productivity and fierce competition
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Reuters - 14小时前

Europe’s CO2 fines undermine carmakers’ progress

BREAKINGVIEWS-Europe’s CO2 fines undermine carmakers’ progress The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Neil Unmack LONDON, Sept 19 (Reuters Breakingviews) - Europe’s carmakers are asking for help on the bloc’s carbon emissions rules, which imply steep fines starting next year. Governments can help the industry swerve the crunch relatively easily, but the bigger question is whether politicians are willing to do what’s necessary to help hit
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Reuters - 16小时前

EU car sales at 3-year low in August, EV sales plunge 44%

UPDATE 1-EU car sales at 3-year low in August, EV sales plunge 44% Recasts with ACEA call for action, adds graphics By Greta Rosen Fondahn and Alessandro Parodi Sept 19 (Reuters) - New car sales in the European Union fell 18.3% in August to their lowest in three years, dragged down by double-digit losses in major markets Germany, France and Italy and sliding electric vehicle (EV) sales, auto industry body data showed on Thursday.
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Reuters - 19小时前

IG Metall union calls for VW's German plants to remain

IG Metall union calls for VW's German plants to remain BERLIN, Sept 19 (Reuters) - Union IG Metall repeated its demand that all Volkswagen VOWG_p.DE plants in Germany needed to be kept and a new job security deal should be signed, in a flyer seen by Reuters on Thursday. Talks between Volkswagen and Germany's most powerful union will start on Sept. 25, roughly a month ahead of schedule.
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Reuters - 21小时前

EU car sales at 3-year low in August, EV sales down 43.9%, ACEA says

EU car sales at 3-year low in August, EV sales down 43.9%, ACEA says By Greta Rosen Fondahn and Alessandro Parodi Sept 19 (Reuters) - New car sales in the European Union fell 18.3% in August to their lowest in three years, dragged by double-digit losses in major markets Germany, France and Italy, data from Europe's auto industry body showed on Thursday.
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Reuters - 1天前

Nio in talks to buy Audi’s factory in Belgium - EV

MEDIA-Nio in talks to buy Audi’s factory in Belgium - EV -- Source link: https://tinyurl.com/23h4aajl -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Reuters - 1天前

Volkswagen plans stop to production at jointly-owned China plant

UPDATE 1-Volkswagen plans stop to production at jointly-owned China plant Changes to own sourcing, adds detail SHANGHAI/BERLIN, Sept 18 (Reuters) - Volkswagen VOWG_p.DE is planning to stop production at one of its combustion engine car plants in China, a person with direct knowledge of the matter said, in a sign of carmakers' struggles to manage overcapacity in the world's biggest car market.
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Reuters - 2天前

Volkswagen and JV partner SAIC plan to close China plant, Bloomberg reports

Volkswagen and JV partner SAIC plan to close China plant, Bloomberg reports Sept 18 (Reuters) - Volkswagen VOWG_p.DE and its Chinese joint venture partner SAIC 600104.SS plan to close at least one plant in China due to slow demand for combustion engine cars, Bloomberg News reported on Wednesday, citing people familiar with the matter. The first plant threatened with closure - as soon as next year - is its site in Nanjing which produces VW Passat and Skoda cars, according to Bloomberg.
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Reuters - 2天前

Bosch chief sees stagnating growth in car markets worldwide

Bosch chief sees stagnating growth in car markets worldwide HANOVER, Germany, Sept 17 (Reuters) - German autos supplier Bosch CEO Stefan Hartung expects very little growth in car and commercial vehicle markets worldwide this year and next, he said in an interview with Reuters. "Demand on the car market (globally) is lower than the industry expected five years ago," Hartung said on the sidelines of the IAA Transportation trade fair in Hanover, Germany.
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Reuters - 2天前

Auto File: China revs up tariff push  

Auto File: China revs up tariff push   By Nick Carey , European Autos Correspondent Greetings from London! After a summer of rising trade tensions over the European Commission's proposed tariffs of up to 35.3% on electric vehicles made in China, a vote by EU member states on whether to back the duties could come as soon as Sept. 25 next week. The European Commission has rejected offers from Chinese EV makers for minimum import prices into the EU to avoid tariffs and says the deadline for such o
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Reuters - 3天前

Truckmakers say they are ready to go electric, but what about charging?

Truckmakers say they are ready to go electric, but what about charging? By Ilona Wissenbach and Andrey Sychev HANOVER, Germany, Sept 17 (Reuters) - Major manufacturers, such as Daimler Truck DTGGe.DE and Traton 8TRA.DE , displaying their trucks at a transportation fair in Hanover this week say they are ready to go electric, but their e-trucks will not sell without massive investments in charging infrastructure.
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Reuters - 3天前

Stellantis working hard to avoid Volkswagen plant closure scenario, CEO says

UPDATE 1-Stellantis working hard to avoid Volkswagen plant closure scenario, CEO says Adds detail on Volkswagen, further quotes from Stellantis CEO and background from paragraph 5 TURIN, Sept 17 (Reuters) - Stellantis STLAM.MI has already taken measures and is working hard to avoid the risk of plant closures facing rival Volkswagen VOWG_p.DE , the carmaker's CEO Carlos Tavares said on Tuesday.
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Reuters - 3天前

Stellantis working hard to avoid Volkswagen plant-closing scenario, CEO says

Stellantis working hard to avoid Volkswagen plant-closing scenario, CEO says TURIN, Sept 17 (Reuters) - Stellantis STLAM.MI has already taken measures and is working hard to avoid the risk of plant closures, as recently announced by rival Volkswagen VOWG_p.DE , the carmaker's CEO Carlos Tavares said on Tuesday. "We have done many unpopular things over the last few years to avoid as much as possible" a situation similar to Volkswagen, Tavares said.
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Reuters - 3天前

Scania CEO says committed to Northvolt despite cutbacks, delivery issues

Scania CEO says committed to Northvolt despite cutbacks, delivery issues HANOVER, Germany, Sept 16 (Reuters) - Scania owner Traton 8TRA.DE is committed to using Sweden's Northvolt as the truckmaker's single battery supplier despite recent production and delivery problems, its CEO said on Monday. Scania had to postpone a ramp-up of its battery-electric truck production by a year and delay deliveries to customers due to the troubles at Northvolt, Europe's leading battery supplier.
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Reuters - 3天前

Sweden will not take stake in Northvolt, prime minister says

UPDATE 2-Sweden will not take stake in Northvolt, prime minister says Adds quotes, detail in paragraphs 4-6, background in paragraphs 7-9 OSLO, Sept 16 (Reuters) - The Swedish state will not take a stake in battery maker Northvolt and the company's future must be determined by its private owners, Prime Minister Ulf Kristersson told a press conference on Monday.
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Reuters - 4天前

Belgian workers march in sympathy over threats to Audi Brussels

Belgian workers march in sympathy over threats to Audi Brussels By Bart Biesemans BRUSSELS, Sept 16 (Reuters) - More than 5,000 people marched through Brussels and most public transport in the Belgian capital was suspended on Monday in solidarity with workers of Audi Brussels whose jobs are threatened. Audi, a subsidiary of Volkswagen VOWG_p.DE , announced in July plans to restructure the Brussels plant , which employs 3,000 people, and said it was considering an early end to production there of
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Reuters - 4天前

JSW MG Motor India to launch luxury car brand; first car by March 2025

JSW MG Motor India to launch luxury car brand; first car by March 2025 BENGALURU, Sept 16 (Reuters) - JSW MG Motor India, a joint venture between SAIC Motor 600104.SS and JSW Group, said on Monday it will launch a luxury car brand, aiming to sell its first premium cars by the first three months of 2025. Under the brand, called 'MG Select', the company will launch four products over the next two years, it said .
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Reuters - 4天前

Volkswagen may book up to $4.4 bln in provisions on capacity cuts, Jefferies says

UPDATE 1-Volkswagen may book up to $4.4 bln in provisions on capacity cuts, Jefferies says Adds background and quotes from paragraph 5 BERLIN, Sept 16 (Reuters) - Volkswagen VOWG_p.DE may book up to 4 billion euros ($4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after travelling with company executives in North America.
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