The Geneva auto show scheduled to take place in February has been cancelled for the fourth year running. Organizers of the event are switching its traditionally chilly venue in alpine Europe to the balmy Middle East.
Mercedes-Benz expects a significant rise in revenues and slightly higher earnings in 2022 on the back of strong vehicle prices and model mix even as the company warned of economic turbulence due to Europe’s worsening energy crisis, high inflation and protracted supply-chain problems.
Volkswagen Group will stop output in Nizhny Novgorod, Russia, where VW and Skoda cars were being assembled under contract with GAZ Group, a trade union said, citing the company’s message to the plant’s staff.
Toyota expects to sell 3.5 million electric cars annually by 2030. That’s per a data presentation by tradingplatforms.com. This is a bold move for the company that has historically focused on hybrid and fuel-cell technology rather than all-electric vehicles (EVs).
Sanctioning Russian nickel will slow the adoption of electric vehicles (EVs) and hinder the decarbonization of Western economies, according to GlobalData. The leading data and analytics company notes that such actions will simply mean Western countries will be more reliant on Russian oil and gas for longer.
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