German automakers have uphill struggle to go green
As Germany speeds up investment in renewables, the energy consumption of its automakers reveals just how reliant the country\’s most important industry is on fossil fuels, a Reuters analysis of environmental data shows.
Mazda discussing ending production in Russia, Nikkei reports
Pendragon, the London-listed car dealer behind brands including Evans Halshaw and Stratstone, has received a fresh £400m takeover approach from its largest shareholder. The approach is expected to be confirmed in a stock exchange announcement.
VW may shift output from Germany over gas shortage
Volkswagen Group could shift production out of Germany and eastern Europe if a shortage of natural gas persists, the latest sign that the energy crisis unleashed by Russia\’s invasion of Ukraine threatens to shake up Europe\’s industrial landscape.
Toyota cuts production plan again on ongoing chip shortage
The Russian Kommersant newspaper, which first reported the plans, said the factory, which has a capacity of 100,000 units a year and produced the Camry and RAV4 models, would be preserved and might be sold in the future.
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Mercedes looks at options to replace Russian gas
The automaker has produced extra parts made at its foundries in Untertuerkheim, which go into gearboxes, axles and transmission components to build up stockpiles at plants in the U.S. and China.