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Volkswagen

ID. range, the GTI revival, PPE platform and Group strategy — Wolfsburg’s EV pivot in full.

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Rivian Bets $9.5 Million on Round Rock Service Center as R2 Launch Looms
Rivian

Rivian Files To Sell 75 Million Shares Into Its R2 Rally, The Dilution We Called In February

Rivian filed to sell 75 million new Class A shares after Monday’s market close, a deal worth roughly $1.5 billion at the day’s $20.14 closing price. The company says the proceeds will fund general corporate purposes, including the equity contribution requirements tied to its Department of Energy (DOE) loan for the Georgia factory. The timing…

Volkswagen Faces Tough Choices: Plant Closures and Job Cuts Loom
Volkswagen

Volkswagen Weighs 100,000 Job Cuts And Four Plant Closures As Its EV Bet Comes Due

Volkswagen is considering cutting as many as 100,000 jobs and closing four German factories, two people familiar with the matter told Reuters on Friday, June 26, in what would be the largest restructuring in the company’s 89-year history. The plants on the list are Volkswagen‘s sites in Hanover, Zwickau and Emden, plus Audi‘s factory in…

Toyota Chairman Akio Toyoda Says He Feels 'Very Alone' as the Industry Shifts to EVs
Toyota

Toyota Chairman Akio Toyoda Says He Feels ‘Very Alone’ as the Industry Shifts to EVs

Toyota chairman Akio Toyoda told British outlet Carwow this week that the industry-wide move to battery-electric vehicles is the single thing he fears most about the future of the car, and that his public defense of combustion engines has left him feeling isolated at the top of the world’s largest automaker. The interview, conducted by…

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