ID. range, the GTI revival, PPE platform and Group strategy — Wolfsburg’s EV pivot in full.
Porsche is ending in-house battery cell production at its Cellforce subsidiary and converting the unit into a dedicated R&D operation, citing insufficient volumes, lack of economies of scale, and tougher conditions in the U.S. and China. Roughly 200 of 286 jobs at the Kirchentellinsfurt site are expected to be cut, with some potentially absorbed by…
Global automakers are overhauling their China strategies as foreign brands see their market share slide from 66% in 2020 to just 38% in the first half of this year, according to BloombergNEF. The shift reflects surging domestic competition, rapid electrification, and evolving consumer expectations in the world’s largest auto market. Expanding China-Specific EV Lineups With…
Tesla registrations tumbled in several European countries in July, even after the company introduced a refreshed Model Y, as CEO Elon Musk’s political stance, stricter regulations, and intensifying competition weigh on demand. This downturn highlights broader challenges for the electric vehicle giant in a market shifting toward affordable rivals, reports Reuters. Sharp Declines in Major…
Imagine shelling out for a sleek Porsche Taycan, only for tariffs to jack up prices – that’s the harsh reality hitting Mercedes and Porsche as they slash profit forecasts amid US trade blows and China’s cutthroat EV battles. Mercedes-Benz Group AG and Porsche AG have revised their annual profit expectations downward, highlighting the impact of…
Carmakers in the UK have initiated substantial price cuts on electric vehicles to leverage a surge in consumer interest, even as confusion persists over a newly announced government grant program that has yet to fully launch. This move highlights growing frustration among manufacturers with bureaucratic hurdles, prompting them to offer discounts matching or approaching the…
Drama in the EV world: Volkswagen’s profits cratered 38% this half-year, as U.S. tariffs turn the green revolution into a red-ink mess. Volkswagen Group reported a sharp decline in profits for the second quarter and first half of 2025, even as vehicle deliveries rose, highlighting the challenges of transitioning to electric vehicles (EVs) while facing…
Ouch! Europe’s new car registrations tanked 5.1% last month—here’s why EV momentum is fading and what it spells for drivers. Europe’s automotive market faced a significant setback in June, with new car registrations dropping 5.1% to 1.24 million vehicles—the steepest decline in 10 months—as growth in battery-electric vehicle (EV) sales slowed to its weakest pace…
Rivian has unveiled plans for its new East Coast headquarters in Atlanta, a key step that supports the automaker’s renewed push to scale production at its nearby Georgia manufacturing facility. This development follows months of financial adjustments, including layoffs, but highlights Rivian’s focus on growth through affordable electric vehicles. The headquarters will open in late…
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