Volkswagen to Develop Entry-Level Electric Vehicles for 20,000 Euros usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Siemens Energy s troubled wind division Siemens Gamesa is planning to cut 4,100 jobs, or around 15% of its staff, the unit s CEO Jochen Eickholt said in an internal letter to staff seen by.
Siemens Energy's Gamesa to cut 4,100 jobs, CEO says in staff letter yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Volkswagen will develop low-cost electric vehicles in a bid to better compete with fierce Chinese rivals, Europe's largest carmaker said on Tuesday, after talks with Renault to team up on the project collapsed earlier this month. The target is to produce electric vehicles for the European market priced at around 20,000 euros ($21,746), Volkswagen said, adding that a world premiere was planned for 2027. "It's about entry-level electric mobility from Europe for Europe," Volkswagen Chief Executive Oliver Blume said in a statement.
Europe s car giants won t
have much time to restructure their operations and product lines
to compete with ascendant Chinese automakers, and stiffer
tariffs will do little to protect the status quo,.