SustainableMobility

VW-Porsche Owner Contemplates Major Third Investment in Automotive Future

7 days ago

In a strategic move poised to reshape the automotive landscape, Volkswagen Group's parent company, Porsche Automobil Holding SE, is reportedly considering a significant new investment. This potential investment could mark the establishment of a third major venture in the automotive sector, reinforcing the company's commitment to innovation and sustainable mobility.

Volkswagen Commits to US Investments Amid Tariff Uncertainties

23 days ago

In a strategic move to solidify its foothold in the United States amid looming tariff threats from former President Trump, Volkswagen has made headlines by announcing significant investments in the American automotive landscape. This decision arrives as the auto industry grapples with the implications of potential tariffs on imported vehicles, which could fundamentally alter the competitive landscape.

Forvia Targets Major Asset Sales to Diminish Debt Load

1 month ago

In a strategic move to stabilize its financial position, Forvia, the automotive technology conglomerate formed from the merger of Faurecia and Groupe PSA, has announced plans to divest significant assets as part of a broader initiative to reduce its substantial debt. The company is focused on selling off larger portions of its business to ensure a more manageable financial structure and improve long-term profitability.

Ford Faces Significant Profit Decline Amid Tariff Pressures and EV Competition

2 months ago

In a challenging financial landscape, Ford Motor Company has reported a substantial decline in profits, reflecting the impact of external pressures such as tariffs and the mounting competition in the electric vehicle (EV) market. The automaker's recent fiscal results revealed a downturn that has raised concerns amongst investors and analysts regarding its strategic direction.

Volkswagen Faces Major Challenges in 2025 Amid Rising Competition from Chinese Giants BYD and Xiaomi

3 months ago

As 2025 approaches, Volkswagen is bracing itself for a challenging landscape in the auto industry, primarily due to fierce competition from Chinese manufacturers like BYD and Xiaomi. The German automotive giant, which has dominated the European market for decades, is now under pressure to innovate and adapt to the rapidly evolving electric vehicle sector.

BYD Surges in Electric Vehicle Market, Approaching Ford Deliveries After Beating Tesla in Revenue

5 months ago

In a significant shift in the electric vehicle (EV) landscape, BYD has reported impressive financial performance, edging closer to Ford's delivery numbers and outpacing Tesla in terms of revenue. This development highlights BYD's aggressive growth strategy and growing presence in the global market, positioning the Chinese automaker as a formidable player in the EV sector.

Toyota Executive Criticizes U.S. Regulations Encouraging Electric Vehicle Sales

5 months ago

In a recent press conference, Toyota's North American CEO, Tetsuo Ogawa, expressed strong discontent with current U.S. government regulations that push for electric vehicle (EV) sales. He conveyed that these policies not only stifle consumer choice but also risk hampering the automotive industry’s stability and innovation.

Italy's Auto Industry Faces Existential Crisis as Lobby Group Warns of Impending Collapse

6 months ago

The Italian automobile sector is grappling with unprecedented challenges that threaten its very survival, according to a recent report from a prominent automotive lobby organization. The dire situation has prompted industry leaders to call for urgent measures to ensure the future of what has been a cornerstone of the Mediterranean country's economy.

Renault and Stellantis Anticipate Surge in Electric Vehicle Sales Amid Price Cuts

6 months ago

Renault and Stellantis, two major players in the automotive industry, are optimistic about a resurgence in electric vehicle (EV) sales as a result of recent price reductions on their models. This promising outlook comes in the wake of a challenging year for EV manufacturers, marked by rising costs and shifting consumer preferences.

EU Slaps Tariffs on Chinese Electric Vehicles: A Move to Protect Homegrown Industry

6 months ago

The European Union has initiated a significant trade maneuver by imposing tariffs on electric vehicles (EVs) imported from China. This decisive action comes as a response to concerns about the increasing dominance of Chinese electric vehicles within the European market. The EU's decision aims to safeguard its own automotive industry, which is currently grappling with fierce competition from Chinese manufacturers.