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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Bosch, the world’s largest automotive supplier for Ford, GM, Toyota, VW, and BMW, among others, said last week that as many as 1,200 employers in its software and electronics division would be fired by the end of 2026, and that 80% of those cuts would take place at the Stuttgart-based headquarters in Germany. Get started here.

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Mitsubishi Rayon acquires majority of carbon fiber reinforced plastics company Wethje; targeting auto industry

Green Car Congress

(MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG.

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Is the Ford Mustang Mach-E the Best Thing To Happen to the EV Industry?

Clean Fleet Report

Is the Ford Mustang Mach-E the Best Thing To Happen to the EV Industry? With the introduction of an electric version, we could see a dramatic change in the EV industry. This targets a market the EV industry has been trying to hit for some time. Aston Martin, Jeep, BMW and plenty of other brands have shown “cool” EVs.

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European auto industry proposes further 20% cut in passenger car CO2 by 2030 from 2021; conditional on EV uptake and infrastructure; no ZEV mandate

Green Car Congress

It’s also in line with what is expected of other industry sectors, as well as the EU Climate and Energy Framework and the global Paris agreement. Our industry is committed to being part of the solution when it comes to decarbonizing road transport, while at the same time reducing pollutant emissions. This is a steep reduction.

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Say it ain’t so: BMW, Volkswagen, and Renault take aim at Europe’s ICE ban

Baua Electric

The heads of BMW, Volkswagen, and Renault have spoken out against European Union’s emission targets in recent days, arguing that the phase-out rules put too much pressure on the industry and that consumers aren’t buying EVs fast enough. By then the pressure then will be significant for the European automotive industry.”

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European battery maker ACC partners with Circulor to map supply chain, carbon emissions – ET Auto

Baua Electric

The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Circulor is also part of the battery passport project.

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European Investment Bank Approves €3B in Loans for European Auto Industry

Green Car Congress

billion) worth of EIB loans to the automotive industry are planned for submission to the Board in April and May. This would bring the EIB’s total approved lending to the auto sector to €6.3 The European Investment Bank’s (EIB) Board of Directors approved loans to European car and truck makers worth €3 billion (US$3.9 A further €2.8