Tesla's Texas push puts German plant on back burner
Employees, who have been retained throughout the suspension, will be offered assistance for re-employment, retraining and wellbeing, Toyota has confirmed, adding that they will all be given redundancy payouts. It didn’t confirm how many people were affected.
German automakers have uphill struggle to go green
As Germany speeds up investment in renewables, the energy consumption of its automakers reveals just how reliant the country’s most important industry is on fossil fuels, a Reuters analysis of environmental data shows.
Mazda discussing ending production in Russia, Nikkei reports
Pendragon, the London-listed car dealer behind brands including Evans Halshaw and Stratstone, has received a fresh £400m takeover approach from its largest shareholder. The approach is expected to be confirmed in a stock exchange announcement.
VW may shift output from Germany over gas shortage
Volkswagen Group could shift production out of Germany and eastern Europe if a shortage of natural gas persists, the latest sign that the energy crisis unleashed by Russia’s invasion of Ukraine threatens to shake up Europe’s industrial landscape.
Former dealership employee accused of stealing $1.3 million
Now featuring twin turbos, this 4.0-liter V-8 features a redline of 8200 rpm and delivers up to 640 horsepower. It’s mated to an IMSA-specified hybrid system, while a separator clutch between the two engines allows for electric-only driving at pit speeds.
Mercedes looks at options to replace Russian gas
The automaker has produced extra parts made at its foundries in Untertuerkheim, which go into gearboxes, axles and transmission components to build up stockpiles at plants in the U.S. and China.
