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VW CEO Diess: German economy needs China

BERLIN -- Inflation would spiral even further in Germany if it were not for business with China, Volkswagen Group CEO Herbert Diess said in an interview with the weekly Spiegel. "Germany would look completely different" if it turned away…

Junked Tesla Model S turns into a trick candle

A Tesla Model S that had been totaled in a crash suddenly ignited after sitting in a California junkyard for three weeks, and firefighters struggled to put out the 3,000-degree flames for more than an hour. Firefighters thought they had…

Toyota global production down 400,000

"Although the situation continues to be uncertain, we will carefully monitor our suppliers' personnel structure and equipment capacity and place the highest priority on quality and safety in our production," spokeswoman Shino Yamada said.…

VW loses 2 EV execs as ID4 production begins

Speaking June 16 at the Automotive News Congress in Washington, VW of America CEO Scott Keogh said he expects ID4 availability and inventory to build dramatically late this year and into 2023 as production in Tennessee ramps up."We're…

2 EV execs exit as VW ID4 production begins

Speaking June 16 at the Automotive News Congress in Washington, VW of America CEO Scott Keogh said he expects ID4 availability and inventory to build dramatically late this year and into 2023 as production in Tennessee ramps up."We're…

EV batteries creating a new U.S. supply base

"To construct this supply chain," Matsumoto said before making his company's public announcement, "it's very important to us that there are several major parts and material suppliers, at least five, that need to be near our company. "We…

Automakers expect suppliers to deliver CO2 targets

Setting procurement standards for suppliers is a powerful lever to address upstream emissions.But if automakers are to meet their climate goals, it will require greater collaboration and involve educating suppliers on decarbonization…