General Motors has confirmed the layoffs of nearly 1,000 employees worldwide, predominantly in the United States, as the company seeks to streamline operations. In an effort to adapt to a competitive market, GM aims to optimize efficiency and reduce projected…
According to the latest AA Ireland Fuel Survey, petrol prices rose to an average of €1.73 per litre and diesel to €1.67 per litre in November, marking the end of a three-month trend of declining fuel costs. Despite these rises,…
The French government has announced the discontinuation of the vehicle conversion bonus in the 2025 budget, which helped buyers trade in old cars for eco-friendly alternatives. Instead, the focus will shift to maintaining the ecological bonus, ranging from €4,000 to…
New data from S&P Global highlights a downturn in the European Union’s battery electric vehicle (BEV) market outlook due to changing economic conditions. Market expectations have notably decreased, with projected BEV market share for 2025 dropping from 27% to 21%….
Volkswagen has officially partnered with U.S. electric vehicle manufacturer Rivian to enhance its next-generation vehicle software, committing an increased investment of €5.8 billion ($6.3 billion). The collaboration aims to enable VW’s upcoming models to utilize Rivian’s innovative electric and software…
Volkswagen Group has announced a $5.8 billion joint venture with electric vehicle manufacturer Rivian to enhance their technology collaboration. This increased investment marks a rise from VW’s initial commitment of $5 billion. The news positively impacted Rivian’s shares, which rose…
Ford has applied for short-time work at its Cologne facility due to weak demand for electric vehicles. The company plans to reduce production of the Explorer and Capri models, which are currently manufactured at the plant. Beginning next year, the…
The Audi factory in Brussels is set to close, ending production operations that will halt in March. Despite efforts to find a buyer, including discussions with a Belgian entrepreneur, no viable offer has manifested. The plant, which employs approximately 3,000…
Niklas Höhne, a climate policy expert, highlights significant advancements in climate protection despite ongoing global warming. He identifies three key progress areas: the growth of renewable energy becoming more affordable, rapid electrification of transportation, especially electric vehicles, and the increasing…
Intense negotiations between China and the European Union are underway regarding a pricing commitment for Chinese electric vehicles, as confirmed by the Ministry of Commerce. A European technical delegation arrived in Beijing on November 2, following the EU’s announcement of…
The Greek Ministry of Infrastructure and Transport announced a new payment under the ‘Kinoúme Ilektriká II’ program, totaling €4,297,815.39, set to credit 939 recipients on November 11, 2024. Of the funds, €1,853,036.29 will support 693 individuals and €2,444,779.10 will aid…
Tesla has slipped to third place in Germany’s electric vehicle market, trailing behind Volkswagen and BMW, according to new statistics. Despite its Model Y remaining the best-selling EV model in the country, Tesla registered only 31,461 new electric vehicle licenses…
