Volkswagen Posts Biggest Quarterly Loss in Over a Decade Amid China Slowdown
Volkswagen reported an operating loss of €5.9 billion ($6.6 billion) in the third quarter of 2026, marking its steepest quarterly deficit in more than a decade. The loss was driven by approximately €8 billion...
Great Wall Motor to Begin SUV Production in Bulgaria in 2027
China’s Great Wall Motor (GWM) will begin manufacturing its Ora 5 compact SUV in Bulgaria in the first quarter of 2027 under an agreement with a local partner. The facility, with a planned annual...
Volkswagen Reports Sharpest Delivery Decline in Over Four Years
German automaker Volkswagen reported a 14.3% decline in global vehicle deliveries in the third quarter, marking its steepest drop in more than four years. Deliveries fell to 1.89 million vehicles, with continued weakness in...
GM Slashes Chevrolet Bolt Production Plans by 75%
General Motors is producing about 75% fewer Chevrolet Bolt electric vehicles than originally planned, with the Kansas City-area plant now expected to make roughly 35,000 units before production ends in the first quarter of...
Volkswagen Faces €16 Billion Cost for Massive Restructuring Plan
Volkswagen is estimating the total cost of its sweeping restructuring program, including job cuts and potential plant closures, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The...
BYD Launches First Brazil-Made Hybrid Flex-Fuel Car
Chinese automaker BYD has unveiled its first Brazilian-made plug-in hybrid flex-fuel vehicle, the Song Pro Super-Hibrido Flex, marking a major milestone in the company’s expansion strategy in Latin America. Developed through a collaboration between...
Major Carmakers Win First Round in UK Diesel Emissions Lawsuit
Some of the world’s largest car manufacturers secured a significant legal victory on Friday as a UK court largely dismissed key allegations in a major lawsuit over the use of alleged illegal “defeat devices”...
Micron Signs Long-Term Chip Supply Deal with Ford
Micron Technology has signed a long-term agreement with Ford Motor to supply memory and storage platforms for the automaker’s next-generation vehicles. The partnership is aimed at ensuring a stable supply of critical semiconductor components...
U.S. Set to Trigger USMCA Review, Opening Decade-Long Trade Negotiations
The administration of U.S. President Donald Trump is expected to formally announce on Wednesday that it will not extend the U.S.-Mexico-Canada Agreement (USMCA), activating the pact’s sunset review process. The move will begin a...