Volkswagen Workers Go on Strike Across Germany

Volkswagen workers across Germany escalated their labor dispute with management by walking off their jobs for several hours on Monday, and their union threatened longer strikes if their demands were not met. The automaker is in the middle of labor negotiations with IG Metall, the union representing most of its workers, as the company tries… Continue reading Volkswagen Workers Go on Strike Across Germany

G.M. Will Sell Stake in EV Battery Plant to LG

General Motors said on Monday that it was selling its stake in a nearly complete battery factory in Michigan to its partner LG Energy Solution, reducing to three the number of battery plants the carmaker will operate in the United States. G.M. and LG, a South Korean company, already produce batteries jointly at factories in… Continue reading G.M. Will Sell Stake in EV Battery Plant to LG

Carlos Tavares, Stellantis CEO, Resigns

The chief executive of the automaker Stellantis, Carlos Tavares, has resigned, the company said on Sunday, amid a decline in profits and slumping sales in its key North America region. Mr. Tavares, 66, spearheaded the creation of the company in a 2021 merger of Fiat Chrysler Automobiles and France’s Peugeot. The company is one of… Continue reading Carlos Tavares, Stellantis CEO, Resigns

How China Became the World’s Largest Car Exporter

Source: Alix Partners Note: 2024 values are estimated. Just two decades ago, China had little capacity to make cars, and owning one was considered novel. Today, China produces and exports more cars than any other country in the world. President-elect Donald J. Trump has promised to impose new tariffs on China. Many countries, including the… Continue reading How China Became the World’s Largest Car Exporter

Volkswagen to Exit China’s Xinjiang Region After 12 Years

Volkswagen said on Wednesday that it was disposing of its ownership stakes in facilities in northwestern China’s Xinjiang region, exiting an area now known for the country’s crackdown on predominantly Muslim ethnic groups there. Volkswagen had a joint venture assembly plant in Urumqi, the capital of Xinjiang, as well as two test tracks in the… Continue reading Volkswagen to Exit China’s Xinjiang Region After 12 Years