Volkswagen is preparing what may become the largest restructuring in its nearly 90-year history, a move that could see as many as 100,000 workers lose their jobs as four German plants close. The move is blamed on its weakening position against domestic Chinese brands like BYD and Geely, reports Headlight.News.
Stagnating demand in Western markets, the end of the ‘global car,’ and the cost of electrification present automakers and suppliers with a triple conundrum, says AlixPartners’ annual report on the state of the auto industry.
The Trump administration banned Polestar from selling vehicles in the U.S. after the 2026 model year, the automaker said Thursday, the result of the Trump administration’s crackdown on connected vehicle technology from China where the EV brand’s parent is based. More from Headlight.News.
U.S. EV sales have stumbled badly since federal tax credits were phased out last September. But global demand remains strong – and continues to grow aggressively in the world’s largest automotive market. That positions China’s domestic automakers to take the lead in the battery-electric model, even in North America. Headlight.News has more.
Ford CEO Jim Farley’s recent positive comments about China’s growing EV fleet may have been the catalyst for talks with some Chinese automakers about potential production partnerships. Headlight.News has details.