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VW revisits India as China problems mount

Volkswagen Group wants to remain a strong player in Europe and China, but in the face of growing geopolitical tensions and an increasingly complex regulatory environment, the automaker is looking beyond the U.S. for markets with growth…

Tata seeks $1 billion in EV unit stake sale

BENGALURU – Tata Motors has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion via a stake sale in its electric-vehicle business,The Economic Times reported, citing sources. The company, which…

Forvia plots major hydrogen growth in North America

"We see the market in the U.S. starting to pick up, especially as it relates to commercial vehicles," Shappell said. "We've seen a lot of companies realizing that hydrogen is really the only true zero-emission option they have, so this has…

Tesla scales back German battery plant

BERLIN -- Tesla has begun assembling battery systems at its plant in Germany but will focus cell production in the U.S. in light of tax incentives under the Inflation Reduction Act (IRA), a spokesperson said on Wednesday. The EV maker is…

Mercedes 2022 earnings boosted by higher revenue

Sales of top-end cars including the S-Class and EQS all-electric sedan saw particularly strong growth in 2022 and helped the carmaker overcome rising costs. Global sales of Mercedes-Benz Cars were 2.05 million last year, including 149,227…