Every EVXL story tagged “Volkswagen” — newest first.
Porsche AG just posted the most humiliating quarter in its 77-year history—a €967 million ($1.1 billion) operating loss that marks the luxury automaker’s first quarterly loss since going public in 2022. According to Bloomberg, the sports car manufacturer is hemorrhaging cash as it scrambles to unwind an expensive electric vehicle strategy that spectacularly backfired against…
Uber is launching a $4,000 grant program for drivers purchasing electric vehicles in select states, stepping in just as the federal EV tax credit vanished from the market. The ride-hailing giant announced Wednesday it’s rebranding “Uber Green” to “Uber Electric” while rolling out its Go Electric grants to drivers in California, New York, Colorado, and…
Porsche is significantly altering its electric vehicle strategy, delaying the launch of some all-electric models and re-emphasizing combustion and hybrid powertrains in response to a cooling EV market and other economic pressures. The move, which includes a substantial cut to its profit forecast accorsing to the WSJ, signals a major recalibration for the iconic German…
Electric vehicle (EV) sales are surging across the U.S. as consumers race to take advantage of the federal government’s $7,500 tax credit before it expires on September 30, 2025. Dealers in EV hot spots like Colorado report unprecedented demand, with steeply discounted lease offers drawing in new and repeat buyers alike, reports the WSJ. Deep…
Porsche is ending in-house battery cell production at its Cellforce subsidiary and converting the unit into a dedicated R&D operation, citing insufficient volumes, lack of economies of scale, and tougher conditions in the U.S. and China. Roughly 200 of 286 jobs at the Kirchentellinsfurt site are expected to be cut, with some potentially absorbed by…
Global automakers are overhauling their China strategies as foreign brands see their market share slide from 66% in 2020 to just 38% in the first half of this year, according to BloombergNEF. The shift reflects surging domestic competition, rapid electrification, and evolving consumer expectations in the world’s largest auto market. Expanding China-Specific EV Lineups With…
Tesla registrations tumbled in several European countries in July, even after the company introduced a refreshed Model Y, as CEO Elon Musk’s political stance, stricter regulations, and intensifying competition weigh on demand. This downturn highlights broader challenges for the electric vehicle giant in a market shifting toward affordable rivals, reports Reuters. Sharp Declines in Major…
Imagine shelling out for a sleek Porsche Taycan, only for tariffs to jack up prices – that’s the harsh reality hitting Mercedes and Porsche as they slash profit forecasts amid US trade blows and China’s cutthroat EV battles. Mercedes-Benz Group AG and Porsche AG have revised their annual profit expectations downward, highlighting the impact of…
One email with the EV news that matters — Tesla, Rivian, BYD, and everything in between, straight from the newsroom. No spam, no fluff.
