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VICTORIA WALDERSEE
Volkswagen scraps decades-old German job security pact, says unionVolkswagen has informed IG Metall that it is ending several labor agreements, including job guarantees until 2029 at six German plants. Thi...- Porsche waters down EV ambitions, says transition will take 'years'Porsche adjusts its electric vehicle sales target, now linking it to customer demand and industry developments. The carmaker acknowledges t...
- BMW reports higher margin in Q3, sticks to annual forecastGroup revenues rose 3.4% to 38.5 billion euros ($40.92 billion), but group net profit fell 7.7% in light of last year's figures being boost...
- Dead EV batteries turn to gold with U.S. incentivesA clause in the US Inflation Reduction Act is driving a push for electric-vehicle battery recycling in North America, with the country set ...
- Ford's pain underscores uneven impact of two-year auto chip shortageFord said on Thursday it left billions of dollars on the table that were within its control and blamed a 100,000 vehicle shortfall in its f...
- Mercedes-Benz sells 2.05 million passenger cars in 2022Entry-level vehicles, the lowest price segment, saw a 10% sales drop primarily due to supply chain bottlenecks, the carmaker said.
- Porsche IPO to comprise 911 million shares in nod to its most famous modelInvestor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the ...
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