VW in talks with Renault for low-cost EV, paper says

The automaker will gain a compact full-electric SUV in 2025 and another, unidentified model as it seeks to rebuild its European market share.

A Finnish union has joined Swedish, Danish and Norwegian dockworkers in effectively barring Tesla cars from Sweden over the automaker’s policy of not agreeing to collective bargaining.

The UAW is trying to capitalize on recent contract victories in Detroit and reverse labor’s decades-long decline in the auto sector. It has launched simultaneous, public campaigns to organize 13 non-union U.S. plants.

Pairing both sets of functions on one chip reduces space, cabling and lowers costs. 

The plans will make investors in the U.S. EV supply chain ineligible for tax credits should they use more than a trace amount of critical materials from China, or other countries deemed a "Foreign Entity of Concern."

Italy’s industry minister said that any automotive subsidies would have to support the purchase of vehicles actually produced in Italy and that such schemes could also be revised to help attract new automakers to the country.

Nio is also striking deals with other automakers to boost revenue including one with Changan and Geely to partner on battery-swapping technology and the automaker has not ruled out the possibility of separately funding or listing its power business.

The steps are part of a major revamp of the alliance with junior partner Mitsubishi that will allow the automakers to take on new partners and independent ventures following years of growing tensions.

Norway's largest private sector labor union will block transit shipments of Tesla cars meant for the Swedish market as one of Denmark's largest pension funds sell its holdings in Tesla over the EV maker's refusal to enter into agreements with Swedish labor unions.

The target is part of VW Group CEO Oliver Blume's push for the brand to make $10.8 billion of savings and cost cuts to help meet a margin target of 6.5 percent,