EV transition could cost 500,000 jobs, supplier group says

The automaker's latest leadership changes in Europe also include a new deputy CEO and expanded roles for supply chain and digital managers.

Between 2022 and 2024, the automaker will cut 1,700 jobs instead of an expected reduction of 2,000 in its move to electric vehicles.

Ford, VW, Volvo and Tesla are among the automakers using technology to understand exactly where cobalt and other materials they use in EV batteries come from.

Electric vehicle production plans are taking shape around the world. But the industry still relies on some unsavory sourcing.

The E3 architecture for battery-electric and hybrid cars will underpin Toyota Europe's growing lineup of compact models. 

VW's key stakeholders are seeking a compromise on Diess's future before a board meeting on the company's five-year investment plan.

The i7 will be a rival to the Mercedes EQS and Tesla Model S when it launches next year.

The sedan will be unveiled as a concept car at the Beijing auto show in April and will then most likely be launched as the second model in Toyota's new bZ series of EVs.

Geisen will succeed Marcus Breitschwerdt, who moves from vans to lead Mercedes heritage and classic activities.

The automaker left the door open to selling non zero-emissions cars after 2035 when the EU plans to introduce a de facto ban on cars with gasoline or diesel engines.