Volkswagen, Europe’s largest automaker, has revised its financial outlook for 2025 downward following a significant €1.3 billion ($1.5 billion) hit to its first-half earnings attributed primarily to escalated U.S. import tariffs. The company reported a […]
Is Oil & Gas Right for Your Portfolio? The narrative of electric vehicles (EVs) as the inevitable future of transportation has hit a rough patch in the United States. Despite earlier projections of exponential growth, […]
Hybrid vehicles, blending internal combustion engines with electric motors, are surging in popularity as consumers seek fuel efficiency and lower emissions without the range anxiety of fully electric vehicles (EVs). In the United States and […]
Volkswagen Group will spend $69 million on a 9.9 percent stake in lithium miner Patriot Battery Metals Inc. to secure raw materials for electric vehicles. The investment marks the European carmaker’s first investment in the […]
Weekly Daily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders […]
Daily Standup Top Stories Oil Markets Are Ignoring Imminent Production Cuts By 3 OPEC+ Members September 11, 2024 Stu Turley It’s doubtful whether the Gulf of Mexico shutdowns will generate enough momentum to fully reverse the […]
Volkswagen has canceled three-decade-old job security agreements, setting the stage for potential layoffs. The move is part of Volkswagen’s efforts to reduce costs amidst a struggling German economy and a challenging transition to electric vehicles. […]
Group chief Oliver Blume has defended job cuts, citing the ‘serious’ economic situation, according to German media The situation at the Volkswagen Group is alarming and major changes are needed for the German automobile […]
Sweden’s Wallenius Marine, part of Soya, has taken delivery of the first of two LNG-powered car carriers it chartered to German giant Volkswagen. China’s CIMC Raffles built the vessel. Wallenius Marine announced the delivery of […]
Sales of Volkswagen electric vehicles in Europe fell by almost a quarter in the first three months of the year as consumers returned to petrol. The company said in its latest financial update on 10 […]
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