Auto

UPDATE 7-Wolfspeed to build $3-bln EV chip plant in Germany, subsidy approval expected in months

  • February 01, 2023 04:40 PM CET | Reuters
 UPDATE 7-Wolfspeed to build $3-bln EV chip plant in Germany, subsidy approval expected in months

(Adds comments from press conference by Olaf Scholz, Wolfspeed CEO) By Andreas Rinke, Victoria Waldersee and Ilona Wissenbach BERLIN/FRANKFURT, Feb 1 (Reuters) - U.S. chipmaker Wolfspeed will build a

Read More...

Wolfspeed to announce EV chip plant in Germany, sources say

Wolfspeed to announce EV chip plant in Germany, sources say

  • February 01, 2023 12:59 PM CET | Reuters

(Adds comment from Economy Minister Robert Habeck to reporters) BERLIN/FRANKFURT, Feb 1 (Reuters) - German chip supplier ZF Friedrichshafen and U.S. chipmaker Wolfspeed will announce plans on

Read More...
Wolfspeed to announce new EV chip plant in Germany

Wolfspeed to announce new EV chip plant in Germany

  • February 01, 2023 11:36 AM CET | Reuters

(Adds further detail, background, updates share price) BERLIN/FRANKFURT, Feb 1 (Reuters) - German chip supplier ZF Friedrichshafen and U.S. chipmaker Wolfspeed will announce plans on Wednesday to

Read More...
BMW evaluates more EVs for India amid growing demand

BMW evaluates more EVs for India amid growing demand

  • January 31, 2023 04:40 PM CET | Reuters

By Nathan Gomes BENGALURU (Reuters) - BMW is evaluating the launch of more battery electric vehicles (EVs) in India, amid growing demand from luxury car buyers, Vikram Pawah, country president at the

Read More...
Skoda expects improvement in chip supplies in second half -CTK agency

Skoda expects improvement in chip supplies in second half -CTK agency

  • January 31, 2023 03:36 PM CET | Reuters

Jan 31 (Reuters) - Volkswagen AG: * VW'S SKODA AUTO EXPECTS IMPROVEMENT IN CHIP SUPPLY SITUATION IN SECOND HALF - CTK AGENCY Further company coverage:

Read More...
Siemens: With The Foundation Of The Joint Venture Cofinity-X, Ten Partners Of The Automotive Industry Will Further Foster The Adoption Of The Catena-X Network

Siemens: With The Foundation Of The Joint Venture Cofinity-X, Ten Partners Of The Automotive Industry Will Further Foster The Adoption Of The Catena-X Network

  • January 31, 2023 02:07 PM CET | Reuters

Jan 31 (Reuters) - Bayerische Motoren Werke AG : * SIEMENS: WITH THE FOUNDATION OF THE JOINT VENTURE COFINITY-X, TEN PARTNERS OF THE AUTOMOTIVE INDUSTRY WILL FURTHER FOSTER THE ADOPTION OF THE

Read More...
VW's Skoda Auto cuts production due to chip shortage - trade unions

VW's Skoda Auto cuts production due to chip shortage - trade unions

  • January 30, 2023 06:18 PM CET | Reuters

PRAGUE (Reuters) - Volkswagen's Czech subsidiary Skoda Auto is cutting production this week due to chip shortages, trade unions at the carmaker said. Some shifts will be cancelled in the production of

Read More...
Rheinmetall, GM Defence win contract to supply trucks to U.S. Army

Rheinmetall, GM Defence win contract to supply trucks to U.S. Army

  • January 30, 2023 05:16 PM CET | Reuters

Jan 30 (Reuters) - German arms manufacturer Rheinmetall on Monday said its United States unit has won a contract for the first phase of the U.S. Army's tactical truck programme, in cooperation with

Read More...
'They fire, we hire' - Germany seizes on Silicon Valley's woes

'They fire, we hire' - Germany seizes on Silicon Valley's woes

  • January 30, 2023 05:04 PM CET | Reuters

By Rene Wagner and Jan Schwartz BERLIN (Reuters) - Faced with a tight labour market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of

Read More...
Arrival Appoints Igor Torgov As CEO, Announces Significant Savings Initiatives

Arrival Appoints Igor Torgov As CEO, Announces Significant Savings Initiatives

  • January 30, 2023 03:06 PM CET | Reuters

Jan 30 (Reuters) - Arrival SA: * ARRIVAL APPOINTS IGOR TORGOV AS CEO AND ANNOUNCES SIGNIFICANT SAVINGS INITIATIVES TO REDUCE SPEND BY APPROXIMATELY 50% * ARRIVAL SA - DIFFICULT DECISION TO REDUCE ITS

Read More...
Germany's Vacuumschmelze agrees binding deal with GM on magnet factory

Germany's Vacuumschmelze agrees binding deal with GM on magnet factory

  • January 30, 2023 02:09 PM CET | Reuters

LONDON (Reuters) - Vacuumschmelze (VAC) has agreed a binding deal with General Motors to build a North American factory to make rare earth permanent magnets for electric vehicles, the privately held

Read More...