Plans by China's CATL to build a battery cell factory in Germany should serve as a wake-up call for the national car industry, industry watchers say, as a lack of its own production capacity risks leaving it exposed in a dawning era of electric mobility.
VW Group has signed preliminary deals with China's FAW and the China Intelligent and Connected Vehicles Research Institute to cooperate on technologies including e-mobility, connectivity and autonomous driving.
The three-judge panel said, in dismissing a number of objections to the settlement, that it "delivered tangible, substantial benefits to class members, seemingly the equivalent of -- or superior to --those obtainable after successful litigation, and was arrived at after a momentous effort."
VW Group lost a suit at Germany's top court seeking to ban Munich prosecutors from using a report they seized from Jones Day, the U.S. law firm the carmaker hired to investigate the roots of its diesel-emissions scandal.
The Volkswagen Group's sweeping diesel emissions violations cost the storied automaker more than $30.4 billion and is now helping fuel the rise of electric vehicles, buses and charging stations across the U.S.