Employees on a Volkswagen assembly line in Germany. Photograph: Bloomberg/Getty Images View image in fullscreen Employees on a Volkswagen assembly line in Germany. Photograph: Bloomberg/Getty Images Volkswagen hit by 60% fall in profits as sales in China slump Drop comes as carmaker faces battle with unions over plan to shut three factories in Germany Volkswagen… Continue reading Volkswagen hit by 60% fall in profits as sales in China slump
Author: The Guardian Online News
BYD’s hybrid EV ute that could rival Australia’s bestselling vehicles goes on sale
BYD has launched the Shark 6 hybrid EV ute in Australia at a price of $57,900. Photograph: BYD View image in fullscreen BYD has launched the Shark 6 hybrid EV ute in Australia at a price of $57,900. Photograph: BYD BYD’s hybrid EV ute that could rival Australia’s bestselling vehicles goes on sale Orders roll… Continue reading BYD’s hybrid EV ute that could rival Australia’s bestselling vehicles goes on sale
Santander to cut more than 1,400 jobs in UK amid increasing automation
It is understood that the UK redundancies will be completed by the end of the year. Photograph: Laura Lean/PA View image in fullscreen It is understood that the UK redundancies will be completed by the end of the year. Photograph: Laura Lean/PA Santander to cut more than 1,400 jobs in UK amid increasing automation News… Continue reading Santander to cut more than 1,400 jobs in UK amid increasing automation
Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union
Daniela Cavallo, the chair of the General and Group Works Council at Volkswagen, speaks to workers in Wolfsburg on Monday morning. Photograph: Julian Stratenschulte/EPA View image in fullscreen Daniela Cavallo, the chair of the General and Group Works Council at Volkswagen, speaks to workers in Wolfsburg on Monday morning. Photograph: Julian Stratenschulte/EPA Volkswagen to shut… Continue reading Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union
Consumers win UK car finance case that could lead to billions in compensation
The cases are linked to arrangements in which lenders gave car dealerships and brokers the power to set interest rates on car loans, and earn higher commission as that number grew. Photograph: Joe Giddens/PA View image in fullscreen The cases are linked to arrangements in which lenders gave car dealerships and brokers the power to… Continue reading Consumers win UK car finance case that could lead to billions in compensation
Tesla shares jump in third-quarter earnings even as expected revenue is lower
Visitors snap photos of a Tesla Cybertruck at the Paris Motor Show on 16 October 2024. Photograph: Julien de Rosa/AFP/Getty Images View image in fullscreen Visitors snap photos of a Tesla Cybertruck at the Paris Motor Show on 16 October 2024. Photograph: Julien de Rosa/AFP/Getty Images Tesla shares jump in third-quarter earnings even as expected… Continue reading Tesla shares jump in third-quarter earnings even as expected revenue is lower
UAW members support Harris over Trump by 22 points in swing states – poll
Workers wait for Kamala Harris during a campaign event at the UAW Local 652 at an airport in Lansing, Michigan on 18 October 2024. Photograph: Jeff Kowalsky/AFP/Getty Images View image in fullscreen Workers wait for Kamala Harris during a campaign event at the UAW Local 652 at an airport in Lansing, Michigan on 18 October… Continue reading UAW members support Harris over Trump by 22 points in swing states – poll
VW fined £5.4m for mistreating vulnerable UK car finance customers
VWFS, which provides finance across Volkswagen Group, made profits of £276m in 2023. Photograph: Rick Rycroft/AP View image in fullscreen VWFS, which provides finance across Volkswagen Group, made profits of £276m in 2023. Photograph: Rick Rycroft/AP VW fined £5.4m for mistreating vulnerable UK car finance customers Company must also pay £21.5m to 110,000 victims after… Continue reading VW fined £5.4m for mistreating vulnerable UK car finance customers
Is China cannibalising the EU car industry?
A Leapmotor T03 electric city car at the Paris motor show. The Chinese carmaker, which partners with Stellantis, is to start taking orders for the car, assembled in Poland. Photograph: Yoan Valat/EPA View image in fullscreen A Leapmotor T03 electric city car at the Paris motor show. The Chinese carmaker, which partners with Stellantis, is… Continue reading Is China cannibalising the EU car industry?
BMW chief says EU combustion engine ban will shrink car industry
The BMW Vision Neue Klasse X concept car at the Paris motor show. Photograph: Benoît Tessier/Reuters View image in fullscreen The BMW Vision Neue Klasse X concept car at the Paris motor show. Photograph: Benoît Tessier/Reuters BMW chief says EU combustion engine ban will shrink car industry Oliver Zipse tells Paris motor show 2035 cutoff… Continue reading BMW chief says EU combustion engine ban will shrink car industry