Swedish start-up secures funds for battery 'gigafactory'

Swedish start-up Northvolt Wednesday announced it had secured funding, in large part from Volkswagen, for Europe's biggest car battery factory, set to rival electric carmaker Tesla's US "Gigafactory".

US regulators sue VW over emissions scandal

US stock regulators have sued Volkswagen over the emissions cheating scandal, alleging the German automaker committed fraud by raising billions in corporate bonds while lying to investors about the environmental impact of ...

VW slashes thousands more jobs to fund electric transition

German car giant Volkswagen said Wednesday it would slash thousands of posts to cope with its transition to electric and autonomous driving the day after reporting rising profits, as its CEO had to apologise for an ill-advised ...

VW wants to storm car market with cheaper electric model

Volkswagen intends to invest 44 billion euros ($50 billion) in the electric and autonomous car technologies expected to reshape the industry—and said it would make battery-powered vehicles more accessible to mass-market ...

EU investigates German carmakers for possible collusion

European Union regulators have opened an in-depth investigation into whether automakers BMW, Daimler and Volkswagen colluded to limit the development and roll-out of car emission control systems.

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