The move away from cars creates another level of uncertainty in a highly uncertain automotive landscape, one that places a premium on product agility and the ability to shift product portfolios quickly.
Northvolt has cut the estimated cost of building Europe's largest battery factory from a previous guidance of 4 billion euros ($4.7 billion), giving a boost to a project that faces a battle to attract investors worried about Asia's head-start in the industry.
Nissan is assessing whether to bring its ePower hybrid drivetrain to Europe as the automaker looks to further electrify its lineup in Europe to reduce its dependence on diesel and meet tough CO2 targets set for 2020-21.
Grammer CEO Hartmut Mueller has urged the supplier's shareholders to back Ningbo Jifeng's takeover offer as a Bosnia-backed investor group opposed the move and forced a halt to the German company's annual meeting.
VW Group's supervisory board will discuss an investigation by German prosecutors into Audi CEO Rupert Stadler, as the automaker weighs how to tackle the latest fallout from its emissions scandal, Reuters reported.
Chancellor Angela Merkel's government vowed to stand up for the German auto industry, sending a veiled signal to U.S. President Donald Trump to back off threats to levy tariffs on imported cars and auto parts.
After losing the fight to forestall U.S. tariffs on steel and aluminum imports, the auto industry has another fight on its hands: navigating the process to win exemptions for certain specialty products that are critical to the supply chain.
With the Trump administration putting the heat on automakers relying on Mexican assembly plants, the Nissan and Daimler joint-venture auto factory in Aguascalientes, Mexico has had a low profile for the past year.