Elon Musk said he’s back in Texas working on plans for an initial public offering of SpaceX as the rocket and artificial intelligence company gears up for the largest listing of all time.
Elon Musk during a video interview at the Samson International Smart Mobility Summit in Tel Aviv, on May 18. Photographer: Kobi Wolf/Bloomberg
Volkswagen AG’s Audi warned that US President Donald Trump’s push for higher tariffs on European cars may weigh on its financial performance this year.
BASF SE is raising prices on plastic-protecting chemicals, commonly used in the car and consumer goods industries, for a second time since the start of the Iran conflict in February.
The BASF SE headquarters in Ludwigshafen, Germany.
Volkswagen AG’s upmarket brand group led by Audi sees rising profitability this year on new models like the Q9 SUV and efficiencies to help offset tariffs and competition in China.
Parent VW is seeking to turn around its Audi brand, alongside its struggling Porsche marque. Photographer: Akos Stiller/Bloomberg
Volkswagen AG is broadening its battery ambitions beyond electric vehicles into large-scale energy storage and trading as global EV demand falls short of expectations.
Porsche AG’s deliveries fell 10% last year, the steepest drop since 2009 when the global financial crisis roiled markets, following weak demand for electric vehicles and a slump in China.
A Porsche AG Cayenne sport utility vehicle at the Shanghai Auto Show.
The European Union’s proposal to help Europe’s ailing auto industry by softening strict emissions rules was intended to help struggling carmakers. Yet neither the industry nor climate campaigners are celebrating.
Tesla Inc. plans to launch battery-cell production at its plant outside Berlin as soon as 2027, German press agency DPA reported.
Electric vehicles parked at the Tesla Inc. automotive plant in Gruenheide, Germany, on Wednesday, March 13, 2024. The power supply at Tesla’s electric-vehicle factory near Berlin was restored on Monday evening at 8:45 p.m. local time.
A new line of China-exclusive Audi models is garnering interest in Europe, with car enthusiasts eying the sophisticated design and top-notch performance of the electric E5 Sportback.
Several European automakers and their suppliers are preparing to give cars with a combustion engine a new lease on life, based on expectations that the European Union will walk back its planned ban of the technology, according to people familiar with the matter.
Volkswagen AG plans to convert its small-scale assembly plant in Dresden into an innovation hub after stopping car output, following through on a pledge to avoid factory closures in Germany.
A glass delivery tower at the Volkswagen AG factory in Dresden, Germany, on Wednesday, May 14, 2025. Volkswagen and other EV makers appear to be benefiting from consumers’ aversion to Tesla after Elon Musk became more involved in US President Donald Trump’s administration and supported far-right political movements in Europe, such as Germany’s AfD party.
The head of German utility EON SE said Europe’s largest economy should slow the pace of wind and solar expansion, saying the country’s power grids are struggling to cope with the surge in new renewable projects.
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