German carmakers such as Volkswagen and BMW are increasingly warning about the potential negative consequences of EU tariffs for the long-term competitiveness of the European car industry, but also for their own operations in China. ADVERTISEMENT German carmaker Volkswagen recently criticized the EU’s plans to impose import duties of up to 38% on Chinese electric … Read more
Rivian and Volkswagen have announced a surprise partnership to develop next-generation software, electronic control units (ECUs) and related network architecture design and development. The move shows that Volkswagen’s gamble on Cariad has backfired, though Rivian’s software expertise may not have helped matters that much. As surprising as it may seem, the announced partnership between Rivian … Read more
After soaring to an all-time high just days after its Nov. 21 IPO (at $78/share), EV maker Rivian’s fortunes have been a brutal one-way masterclass, with disappointment after disappointment, with its stock trading near record lows in recent months, and flirting with single digits, down 93% from its all-time high of $172 in Nov. 2021. … Read more
German automakers such as BMW, Mercedes-Benz and Volkswagen could be hit hard by retaliatory tariffs because they all have huge production plants in China. ADVERTISEMENT Germany could try to stop the European Union from imposing higher tariffs on Chinese electric vehicles (EVs), which will reportedly come into effect on July 4, or at least weaken … Read more