Spanish carmaker SEAT a and PowerCo supplier annoounced historic 10-billion-euro investment to transform Spain into a European hub for electric mobility.

The seven-seat crossover features a fresh design language and a new brand identity that Skoda said will better help differentiate it from rivals and other Volkswagen Group brands.

The Geneva auto show scheduled to take place in February has been cancelled for the fourth year running. Organizers of the event are switching its traditionally chilly venue in alpine Europe to the balmy Middle East.

Mercedes-Benz expects a significant rise in revenues and slightly higher earnings in 2022 on the back of strong vehicle prices and model mix even as the company warned of economic turbulence due to Europe’s worsening energy crisis, high inflation and protracted supply-chain problems.

 Volkswagen Group will stop output in Nizhny Novgorod, Russia, where VW and Skoda cars were being assembled under contract with GAZ Group, a trade union said, citing the company’s message to the plant’s staff.

Toyota expects to sell 3.5 million electric cars annually by 2030. That’s per a data presentation by tradingplatforms.com. This is a bold move for the company that has historically focused on hybrid and fuel-cell technology rather than all-electric vehicles (EVs).

Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to GlobalData. The leading data and analytics company notes that such actions will simply mean Western countries will be more reliant on Russian oil and gas for longer.

The 61-member jury, made up of automotive journalists from 23 countries, selected the winner from seven models that had made it to the round of finalists in the first voting last November.

Tesla delivered 308,600 vehicles worldwide in the fourth quarter, smashing the previous record for the EV maker and setting a capstone on a year in which the company joined the exclusive $1 trillion market valuation club.

The U.S. will surpass China to lead the charge in electric vehicles, President Joe Biden said Wednesday at the opening of General Motors’ EV plant in Detroit, Factory Zero.

Volkswagen Group CEO Herbert Diess visited Škoda station in Munich. Škoda boss Thomas Schaefer presented him new Enyaq Coupé iV.  

BMW expects a significant increase in group profit in 2021 as it forecast a strong performance in all of its segments. The automaker also targeted a steep rise in electric-vehicle sales.

Electric hypercar maker Rimac and Bugatti are a good technological fit, Porsche CEO Oliver Blume said, fueling hopes that a deal between the two could happen soon.

Volkswagen’s biggest plant in Wolfsburg, Germany, is struggling to meet strong demand for the Golf model due to shortages of battery cells for hybrid versions and semiconductor components, the company’s labor leader told a German newspaper.

Jaguar Land Rover expects to reduce its global salaried workforce by about 2,000 people in the next financial year as the U.K. automaker cuts costs under new CEO Thierry Bollore.

Restrictions at Germany’s border with the Czech Republic risk severing automotive supply lines and could spark a wave of production stoppages, according to Germany’s VDA automaker association.

Keolis has ordered 22 of Volvo Buses’ new double-decker model, the Volvo 9700 DD. The coaches will be used for express services between Gothenburg and Borås from December 2021.

While Daimler’s blockbuster plan to split up its car and truck divisions thrilled investors this week, the Mercedes-Benz maker also prepared for the reaction of workers concerned about job security.

Volkswagen is in talks with its main suppliers about possible claims for damages due to a shortage of semiconductors, a company spokesman said.

Škoda Auto, the automaker from Mladá Boleslav, has faced a shortage of chips as part of its bulk equipment in its cars. This could lead to interruptions or cuts to production of some models, said Martina Gillichová, a spokeswoman for Škoda Auto, last week.