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

Electrek

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years.

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Polestar 2 is the most popular electric company car in Germany, cracking top ten overall

Electrek

The Polestar 2 is taking the auto industry by storm, placing among the top ten-selling electric vehicle in some of the most popular vehicle markets. In 2022, the Polestar 2 became a top-selling electric company car and made the top ten overall company cars in Germany, home of luxury vehicles and auto innovation.

Germany 138
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Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry

Green Car Congress

Following regulatory approvals, the company was founded at the end of April. XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks.

Audi 186
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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. The company employs 165,000 people around the world. Get started here.

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Thomson Reuters report finds established auto industry companies, not Silicon Valley, leading development of autonomous driving tech

Green Car Congress

Established automotive industry companies—not Silicon Valley—are leading the development of autonomous driving technology, according to a new report from the Intellectual Property and Science business of Thomson Reuters. headlines over the past year have touted tech companies innovating in the automotive space.

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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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Three perspectives on China’s EV industry (spoiler alert: legacy brands are toast) – Charged EVs

Baua Electric

Jeremiads lamenting China’s takeover of the global auto industry are everywhere these days. In the 1950s, over 100 companies in Japan started making motorcycles, sparking a “wild, untamed, often unscrupulous and dazzlingly innovative” melee. Three recent accounts stand out from the pack. Williams asks.