Latest from Nathan Eddy
Increased military spending could offer new revenue opportunities for suppliers such as Bosch, ZF and Schaeffler that are cutting jobs amid weak auto sales.
The contracts, which could be signed as early as June, will enable the two Chinese automakers to avoid paying hefty extra tariffs the EU imposed on China-made EVs in October.
Automakers prefer to work behind the scenes to strengthen security, collaborating with charge point operators and industry groups.
Automakers are providing drivers detailed data on chargers such as availability, pricing, user ratings, photos — even appointments — to remove a key pain point.
The updated Model Y is expected to help Tesla to boost its sales momentum in Europe amid a slowdown in consumer demand for electric vehicles.
Battery problems for the 718 series, questions about the K1′s future and changes to the Cayenne and Panamera come as demand in EV-leaning China tumbles.
Bosch, ZF, Forvia, Valeo and other European suppliers are cutting jobs and closing factories as the automotive supply chain undergoes a seismic shift.
VW wants to bring products to market faster by slashing development time and reducing vehicle production time.
Amid weak demand in Europe and slumping sales in China, Mercedes is looking at cutting capacity and laying off workers while doubling down on its luxury strategy that prioritizes profit over volume.
Europe should adopt policies similar to those enacted in the U.S. under the Inflation Reduction Act to level the playing field with China, Valeo CEO Christophe Perillat said.
