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Tesla targets 400 job cuts in Germany amid weak EV market

Automotive Industry Automotive News Europe - 2024-04-23

Tesla is hoping to achieve the jobs reduction without forced layoffs.  Tesla is targeting around 400 job cuts at its German factory, or about 3% of the plant's workforce …

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Electric car sales to rise but affordability in focus, IEA says

Automotive Industry Reuters - 2024-04-23

Electric car sales will rise strongly in 2024 despite economic headwinds in some markets, the International Energy Agency (IEA) forecast on Tuesday, 23 April 2024, but affordability and charging infrastructure will be key to future growt …

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Renault says new models will lift 2024 sales; Q1 revenue rises 1.8%

Automotive Industry Automotive News Europe - 2024-04-23

Renault finance chief Thierry Pieton said the automaker will not follow Tesla in cutting prices for its EVs. Renault expects its sales growth to accelerate in 2024 as it launches a number of new models. …

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Industry calls for ‘next generation’ incentive and infrastructure plan to decarbonise Britain’s truck fleet

Automotive Industry SMMT - 2024-04-23

Zero emission HGV use trebles in a year – but accounts for just 0.05% of HGVs on the road with end of sale in 2035. Massive manufacturer investment means operators can choose from 27 different zero emission trucks – bu …

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Tesla says it will accelerate new products after Q1 income drops 55%

Automotive Industry Automotive News Europe - 2024-04-23

Tesla said the new vehicles, including more affordable models, will use aspects of its next generation platform as well as aspects of our current platforms. …

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VW to face investors skeptical of China turnaround plan

Automotive Industry Automotive News Europe - 2024-04-22

VW said it will take until 2026 to start winning back market share in China. Volkswagen Group faces an uphill battle to convince investors it can turn around its business in China. …

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Automakers hope for a cut as two-way EV charging becomes real

Automotive Industry Reuters - 2024-04-22

Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. …

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The EV bust in Europe is a red flag for region's climate goals

Automotive Industry Automotive News Europe - 2024-04-21

High costs and poor infrastructure are slowing the EV push. …

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Germany, China and electric cars: no desire for a trade war

Automotive Industry ELECTRIVE - 2024-04-21

For some, electric cars from China are the biggest threat to the European, and especially the German car industry. …

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Tesla cuts prices in Europe, U.S., China amid sales slump

Automotive Industry Automotive News Europe - 2024-04-21

Tesla has been slow to refresh its aging models while rivals in China are rolling out cheaper EVs. …

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