For car buyers interested in electric vehicles, the clock is ticking to take advantage of federal tax credits on new and used EVs before they expire on Sept. 30. Introduced in 2022 under the Inflation Reduction Act signed, the federal tax credits — $7,500 for new and $4,000 for used — are being phased out…
China sold more EVs than any other nation last year, and insurance premiums collected from these cars touched 141 billion yuan. …Read More China sold more EVs than any other nation last year, and insurance premiums collected from these cars touched 141 billion yuan (REUTERS) The world’s largest electric vehicle market, China, is running into…
Porsche slows EV rollout, trims 2025 profit forecast amid weak demand, China pressures and US tariffs. Porsche AG on Friday dialled back plans for its electric vehicle rollout due to weaker demand, pressure in key market China and higher U.S. tariffs, causing the luxury sportscar maker and its parent Volkswagen to slash their 2025 profit…
MUNICH (Reuters) -U.S. tariffs have cost Volkswagen, Europe’s largest carmaker, billions of euros so far, its chief executive said on Monday, adding that its key brand Porsche was being squeezed in a “sandwich” of duties and a weak Chinese market. “Up to now, it’s several billion euros on our balance sheet that this situation costs…
German automaking giant Volkswagen’s Chief Executive Officer (CEO), Oliver Blume, said that the European firm is looking at India as a potential market for its affordable small electric car segment and is currently in works with partners on how to introduce them in the nation, reported the news agency PTI on Sunday, 7 September 2025….
Good morning. And strap in if you own major tech stocks. The tech-heavy Nasdaq closed yesterday down 1.4% in the biggest one-day drop in three weeks. Nvidia dropped 3.5%. Palantir sunk 9.4%. Arm was down 5%. AMD was down 5.4%. The pain wasn’t limited to one exchange or market, either. NYSE-listed Oracle was down 5.9%….
UPDATE: As the effects of the Trump administration tariffs ripple through different industries, automaker Audi is reportedly considering building a “twin” plant in Chattanooga, according to German business journal Handelsblatt. Volkswagen Chattanooga is said to be the favored location, since the current facility has been operational for more than 13 years and could reduce the…
Volkswagen has officially become the new automotive sponsor of LALIGA and Liga F, marking a pivotal expansion in the German carmaker’s commitment to global football and sustainable mobility. This multi-season partnership spans both the men’s and women’s top divisions in Spain, underscoring Volkswagen’s strategic investment in sport, innovation, and electric transformation. Under the agreement, Volkswagen…
Chinese electric vehicle (EV) makers Leapmotor and Xpeng reported record sales last month, spurred by the popularity of their inexpensive cars, as a price war faded following Beijing’s intervention to cool the market. After EV builders held back on discounts and interest-free loans to comply with Beijing’s call to end a brutal price war, intelligent…
EVs are picking up in Europe, with some 361,000 plugin vehicles being registered in Europe in June. That’s up 23% year over year (YoY). This is a particularly positive sign when considering that the overall market (currently at ~6.8 million units YTD) does not look good this year (5% decline in June, -1% YTD). Interestingly,…