ZF, Wolfspeed chip factory in Germany will help boost EV transition

Wolfspeed ZF chip factory Germany — German Chancellor Olaf Scholz, ZF CEO Holger Klein, Minister-President of Saarland Anke Rehlinger, Wolfspeed CEO Gregg Lowe and Economy Minister Robert Habeck pose for a picture at an event to announce the new wafer fab. (Thilo Schmuelgen/REUTERS)

B

By:

Bloomberg

February 01, 2023 07:36 AM

In the auto industry's rocky transition to electric vehicles, German Chancellor Olaf Scholz is celebrating a small but symbolic victory.

Featured Stories

How Trump’s compounding tariffs impact the auto industry

How Trump’s compounding tariffs impact the auto industry

Tariff threat likely spooked consumers and drove March, Q1 U.S. sales gains

Tariff threat likely spooked consumers and drove March, Q1 U.S. sales gains

Tariffs to strike top of the market with import-heavy luxe brands targeted

Tariffs to strike top of the market with import-heavy luxe brands targeted

Akio Toyoda says size not solution in warning about auto industry consolidation

Akio Toyoda says size not solution in warning about auto industry consolidation

Latest News

Trump tariffs: Dealers confused but resilient in face of new reality

Live updates on tariffs: World reacts to Trump’s 25% vehicle tariff as industry braces for effects

Here’s what the auto industry is saying about the effects of Trump’s tariffs

Tariff threat likely spooked consumers and drove March, Q1 U.S. sales gains

Staying current is easy with newsletters delivered straight to your inbox.

See More in Suppliers

Tariffs to strike top of the market with import-heavy luxe brands targeted

Steel maker Cleveland-Cliffs plans layoff of 600 Detroit area workers, citing weak auto production

German suppliers explore opportunities in the defense industry

Major automakers stop tracking spending with minority-owned suppliers amid DEI pullback

Staying current is easy with newsletters delivered straight to your inbox.