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Tesla to cut about 10% of its workforce due to global sales fall

Musk told employees with an internal message that the workforce reduction is inevitable and foresees quite difficult times for the company and the whole economy. Apparently, war prices over electric vehicles and the difficult challenge posed by Chinese manufacturers is affecting the global brand.
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Audi makes its move into e-mobility. No more cars with ICE engine by 2033

Speaking at Berlin Climate Conference, Markus Duesmann, Audi’s CEO, has recently spoken about the future plans of the major car manufacturer. He stated that, starting in 2026, Audi will only launch new all-electric models on the global market. In addition, Audi will phase out production of the last ...

The new Volkswagen Multivan T7 has a plug-in hybrid drive system

The T7, new generation of the iconic Volkswagen Multivan makes a significant step forward towards electrical mobility with the plug-in hybrid system, in view of possible fully electric and autonomous breakouts (for the former, it seems we’ll have to wait at least another year).

Gerrit Marx is the designated CEO of CNH On-Highway Business

The new On-Highway business will include the following group’s brands and their respective activities: IVECO (heavy, medium and light commercial vehicles), IVECO ASTRA focused on heavy- duty trucks, IVECO BUS and Heuliez Bus, Magirus (firefighting vehicles), Iveco Defence Vehicles, Iveco Capital and...

Acquisition completed. Akasol is now part of BorgWarner group

By taking over Akasol, BorgWarner has the target of increasing its presence in the e-mobility field and further strengthening its market position for battery systems. As a matter of fact, the US-based group is a primary player in the production of drivetrain components for the automotive industry.
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