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Automakers

VW plans $2.3B battery hub, sets up separate unit

VW Salzgitter
VW is setting up a battery cell production facility in Salzgitter that will serve various group brands and reduce dependence on manufacturers from abroad.
B
By:
Bloomberg
December 13, 2021 12:48 PM

Volkswagen Group will invest 2 billion euros ($2.3 billion) in a planned battery hub in Germany as part of a decision to create a dedicated company for the automaker's battery business.

Featured Stories

Manufacturing
Tariffs dent North American auto output even as automakers weigh more U.S. production
Manufacturing

Automakers are expected to produce fewer vehicles in North America because of tariff costs.

JI
By:
John Irwin
Tariffs dent North American auto output even as automakers weigh more U.S. production
Tesla
Ford F-150 Lightning overtakes Tesla Cybertruck for EV pickup crown in March, Q1
Tesla
LI
By:
Laurence Iliff
Ford F-150 Lightning overtakes Tesla Cybertruck for EV pickup crown in March, Q1
Buy-Sell
Dealership buy-sell database updates: Transactions across 8 states, new owners at 4 Nissan stores
Buy-Sell
GK
By:
Gail Kachadourian Howe
Dealership buy-sell database updates: Transactions across 8 states, new owners at 4 Nissan stores
Finance Insurance
GM Financial alleges Pa. dealership owes it more than $37 million for vehicles sold out of trust
Finance Insurance
EF
By:
Eric Freedman
GM Financial alleges Pa. dealership owes it more than $37 million for vehicles sold out of trust

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Tariffs dent North American auto output even as automakers weigh more U.S. production
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