24 x 7 World News
Browsing Category

auto

Nio said to take on VW with cheap EVs for Europe

FRANKFURT -- Nio aims to grab market share from Volkswagen by introducing a model for the European market that will be sold for less than 30,000 euros ($33,060), the company's chairman told Germany’s Der Spiegel magazine. "Yes, in terms of…

Mercedes CEO Kallenius says China key for Germany

FRANKFURT -- Cutting economic ties with China is unrealistic, Mercedes-Benz CEO Ola Kallenius told a German newspaper, and attempting to do so would put most of the country's industry at risk. Europe is trying to reduce its dependency on…

UAW, Sanders blast GM for wages at US battery plant

Fain, who won election as UAW president last month, said the Ultium plant at full production will receive more than $1.2 billion a year in U.S. battery production tax credits under the Inflation Reduction Act (IRA). GM CEO Mary Barra said…

Volvo Cars will not reduce EV prices like Tesla

Rowan said lithium prices, a major source of cost for EVs, had started to decline. This was despite Chile, the world's second largest producer of the metal, saying it would nationalize its lithium industry. He added that more lithium…