Volkswagen

Eu Tariffs Shake Up Chinese Ev Market Share

EU Tariffs Shake Up Chinese EV Market Share

European Union’s new tariffs on Chinese-made electric vehicles (EVs) have sent shockwaves through the market, causing a significant drop in registrations. According to Bloomberg, the introduction of these tariffs, which can reach up to 48%, has led to a 45%…

Exxon Mobil Jumps Into The Electric Car Game

Exxon Mobil Jumps into the Electric Car Game

Oil titan Exxon Mobil is venturing into the electric vehicle (EV) industry, looking to supply lithium to leading automakers, according to Bloomberg Law. Talks are underway with major players such as Tesla, Ford, and Volkswagen, among others. The negotiations also…

Skoda Speeds Ahead With 35% Profit Jump

Skoda Speeds Ahead with 35% Profit Jump

In a rebound reflecting the stabilization of the supply chain, Skoda Auto, the Czech unit of Volkswagen Group, reported a year-on-year surge of 35% in its first-half operating profit. This significant leap forward is an encouraging sign for the Czech…

Volkswagen'S Self-Driving Vision Unfolds In Texas

Volkswagen’s Self-Driving Vision Unfolds in Texas

Volkswagen, the renowned German automaker, is steering towards an autonomous future in Texas, aiming to launch self-driving vehicles for services such as ride-hailing and goods delivery by 2026. The company, which once made a substantial investment in Ford’s now-defunct self-driving…