The Latest Breaking News from Handelsblatt

Soaring costs, declining vehicle sales and problems in China are raising pressure on Oliver Blume to cede one of his two CEO jobs.

The updated Tesla Model Y is reportedly going into production today at the company’s European factory in Germany. According to the German newspaper Handelsblatt, employees at Tesla’s Gigafactory Berlin facility were informed of the product launch yesterday, with assembly set to begin today, January 14.

Today on Critical Materials: VW delays flagship "Trinity" EV, Musk and Tesla seem to disagree on subsidies, and South Korea presses for EV battery transparency.

Christophe Fouquet asserted in a Monday interview that non-Chinese chip industries are not producing enough mature chips to meet demand.

Slow sales have triggered a change of course for the German automaker.

The oddly shaped car is apparently too expensive to develop.

Long-serving Volkswagen Group manager and strategist Gernot Dollner took the top spot at Audi in September after former CEO Markus Duesmann, who led the marque's decision to enter F1 via a takeover of Sauber and the construction of its own power unit, was ousted by the board.

Volkswagen is reportedly in talks with Renault to collaborate on a new electric vehicle that could go on sale for less than €20,000.

The Volkswagen Group's problem with the all-new APP550 drive units for MEB-based EVs might be bigger than initially thought, as now also Skoda is affected.