The company will continue to build as normal highly profitable, top-end models such as the Mercedes S-Class.

VW is interested in gaining access to the rental company’s infrastructure and technology in a bet on the future of mobility services.

The automaker lifted its annual earnings guidance on the easing chip shortage and a better sales outlook as business picks up in the U.S.

One of JLR's suppliers of critical parts was "by far the biggest component" of chip shortages last quarter, Chief Financial Officer Adrian Mardell said.