Week news

Geneva auto show 2023 cancelled
19.August 2022

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 prepared to cut gas use
27.July 2022

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.

Russian nickel sanctions would slow decarbonization agenda
11.March 2022

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.

Kia EV6 is Car of the Year 2022
6.March 2022

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.

VW Golf hybrid production hit by battery cell shortage
22.February 2021

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 to cut 2,000 salaried jobs
18.February 2021

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.

Skoda’s lack of chips can complicate production
1.February 2021

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.

VW returned to profit in third quarter
29.October 2020

Volkswagen Group returned to profitability in the third quarter, helped by a surge in demand in China, despite an overall drop in global vehicle deliveries during the COVID-19 pandemic.