German FAZ: Europe’s carmaker get help from China008761

The insolvent Swedish battery cell manufacturer Northvolt is fighting for survival. Only until the end of February, maybe a little longer, has time to find a solution, report company insiders. Otherwise Northvolt should finally go out the money. A total of another $ 1.3 billion will be required by 2027, according to the current estimate… Continue reading German FAZ: Europe’s carmaker get help from China008761

German Manager Magazin: Volkswagen: Fee in India could endanger VW businesses003972

According to the assessment of the Volkswagen-Panzalts the business of the German carmaker in India. If the Indian VW subsidiary has to pay the total sum of $ 2.8 billion in tariffs and punishments, this could cause it not to be able to survive, the lawyer said on Monday before an Indian court. “The matter… Continue reading German Manager Magazin: Volkswagen: Fee in India could endanger VW businesses003972