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Europe set for two new gigafactories as it lures battery makers

Two electric vehicle battery makers plan to spend around 10 billion euros on factories in Europe, they said on Friday, after Europe loosened state aid rules for green industry projects in a bid to. | May 12, 2023

Toyota targets higher operating profit again in 2023/24 - share buyback

Japanese automaker Toyota is again expecting a higher operating profit in the current fiscal year 2023/24. In the twelve months to the end of March 2024, the VW rival expects to post an operating. | May 10, 2023

Chinese competition, Xinjiang plant loom large for Volkswagen investors at AGM

Volkswagen investors will demand answers from the carmakers executives at its annual general meeting on Wednesday on its competitiveness in China and its contested plant in Xinjiang, advance. | May 10, 2023

Volkswagen, Bosch give up joint venture plans for battery cells

Volkswagen and Bosch have cancelled their plans to create a joint venture to equip battery cell factories, Bosch said on Thursday.. | May 4, 2023

Continental manager admits involvement in diesel scandal, incriminates others - prosecutors

A technical project manager at Continental has admitted to involvement in the Volkswagen diesel scandal and incriminated other defendants, German prosecutors told Reuters on Friday.. | April 28, 2023

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