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Volkswagen and Toyota stop production of vehicles in Russia

Green Car Congress

Against the background of the Russian attack on Ukraine and the resulting consequences, the Group Board of Management of Volkswagen AG has decided to stop the production of vehicles in Russia until further notice. Toyota in Ukraine (sales and after sales operations; 37 retail locations) stopped all activities as of 24 February.

Russia 284
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Ford suspending JV operations in Russia

Green Car Congress

In recent years, Ford has significantly wound down its Russian operations, which now focus exclusively on commercial van manufacturing and Russian sales through a minority interest in the Sollers Ford joint venture. —Ford Motor statement. The situation has compelled us to reassess our operations in Russia.

Russia 283
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Volkswagen delays ID.5 launch in Germany due to part shortage from Ukraine

Teslarati

The shortage of the part, which is a wire harness, kept Volkswagen from producing enough exhibition and demonstration vehicles for its sales partners, according to a letter seen by German media outlet Automobilwoche. 5 in mid-September at the IAA Munich Motor Show in Germany. . ” Volkswagen unveiled the ID.5

Ukraine 134
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Self-Generation Nation – Solar Sales Soar Amid Escalating Energy Costs

My Energi

Self-Generation Nation – Solar Sales Soar Amid Escalating Energy Costs. Even prior to the catastrophic impact caused by Russia’s invasion of Ukraine, prices were creeping up and unprecedented demand was beginning to put pressure on available supply.

Solar 98
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VinFast Still Kicking and Planning to Show Vehicles at CES

The Truth About Cars

Originally founded in Ukraine as the Technocom food processing firm in 1993, Vingroup has branched out into just about every industry relevant in Southeast Asia. But the ultimate goal is for VinFast to become a globally recognized EV manufacturer offering competitively priced vehicles. But it’s plotting to expand its U.S.

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LKAB identifies Europe’s largest deposit of rare earth metals in Lapland; Per Geijer

Green Car Congress

This would be sufficient to meet a large part of the EU’s future demand for manufacturing the permanent magnets that are needed for electric motors in, among other things, electric vehicles and windpower turbines. As of 2035, sales of gasoline and diesel vehicles will be prohibited.

Europe 259
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Magna Q1 internet source of revenue falls 43%, however 2023 outlook improves

Baua Electric

It tasks gross sales of $40.2 It additionally anticipates about $8 billion in gross sales expansion over the then 3 years because it launches unutilized methods. First-quarter gross sales in Magna’s frame exteriors and buildings category rose 8.9 % to $4.44 billion to $1.5 billion, up from its earlier estimate of $1.1