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Crisis: Volkswagen breaks with unions in Germany

Cancellation of several agreements with trade unions, paving the way for redundancies from June 2025 at several Volkswagen plants.

Sep 12 2024 -

Volkswagen's number one talks about the current situation

Oliver Blume ruled out layoffs and closures, however, describing the situation as alarming. Here is what he said in an interview with Bild

Sep 10 2024 -

VW Has 'One, Maybe Two Years' to Turn Things Around, Says Finance Chief [UPDATE]

Chief Finance and Operating Officer Arno Antlitz painted a dire picture of VW Group's future during a meeting with workers in Germany.

Sep 5 2024 -

Stellantis Won't Sell or Kill Any of Its 14 Car Brands After All

The original plan to keep all of them for 10 years is still in place.

Sep 2 2024 -

Pininfarina signs a €90 million sales agreement

The contract runs until April 2026 and includes the preliminary design activities already carried out

Aug 31 2024 -

Hyundai presents its plans for the future: Not only electric

EREV hybrids with combustion engines and electric motors for a range of over 560 miles

Aug 30 2024 -

Lotus Isn't Doing Well, Guys

Despite a big increase in deliveries, Lotus Tech suffered a net loss of hundreds of millions of dollars in the second quarter of 2024.

Aug 29 2024 -

Electric cars fail to take off, Hyundai prepares more hybrid models

The company said it wants to expand its hybrid range from 7 to 14 models

Aug 29 2024 -

GM Just Laid Off Over 1,000 People

The layoffs represent 1.6 percent of the company's entire salaried workforce.

Aug 19 2024 -

The UAW Files Labor Charges Against Elon Musk and Donald Trump

UAW President Shawn Fain says that Musk and Trump attempted to "threaten and intimidate" workers.

Aug 13 2024 -

Group crisis and model cancellations? This is Ford's reply

The company is consciously shifting from mainstream to more profitable crossover, SUV and speciality segments

Aug 11 2024 -

Carlos Ghosn: Honda Plans 'Disguised Takeover' of Nissan and Mitsubishi

The ex-Nissan supremo believes the Honda-Nissan-Mitsubishi alliance isn’t really much of an alliance.

Aug 7 2024 -

Toyota Just Posted Record Profit Despite Declining Sales

The automaker banked $8.9 billion from April to June, thanks mostly to a weak yen.

Aug 1 2024 -

Official: Nissan and Honda team up for platforms, batteries and motors

The Japanese giants will jointly study a new architecture and powertrains for future electric cars

Aug 1 2024 -

And So It Begins: Stellantis Offers Buyout Packages for US Employees

It's voluntary, but that could change if too few people take the package.

Jul 31 2024 -

Recaro Files for Bankruptcy [UPDATE]

Meanwhile, wheel-maker BBS has filed for insolvency for the fifth time.

Jul 31 2024 -

When Maserati was controlled by Ferrari

For eight years, from 1997 to 2005, Maserati and Ferrari were one and the same, and the V8s from Maranello drove the Trident models.

Jul 31 2024 -

You can now buy your new Ferrari with cryptocurrencies in Europe

After the pilot project launched in the United States in 2023, Ferrari's European branches will now also accept payments in cryptocurrencies.

Jul 29 2024 -

Ford's Recalls Are Costing Billions

The company is losing $25.5 million a day.

Jul 25 2024 -

Stellantis Has 'Significant Work To Do' in North America as Profits Plummet

CEO Carlos Tavares says a "perfect convergence" of issues is responsible for a nearly 50-percent drop in global profits.

Jul 25 2024 -

Auto Repossessions Are Soaring

A study shows cars are being repossessed at a shockingly high rate through the first half of 2024, exceeding pre-pandemic levels.

Jul 22 2024 -

Ford: EV Goals Were 'Too Ambitious' In Europe

That means gas engines could stick around past 2030.

Jul 21 2024 -

VW invests 5 billion in Rivian - because of the software

Planned Scout models to receive software from new joint venture

Jun 26 2024 -

Fisker Files for Bankruptcy

The troubled EV maker has run out of money and is seeking bankruptcy protection.

Jun 18 2024 -

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