Auto
Volkswagen loses 5.8 billion euros in Q3 as China deliveries fall almost 40%
Europe's biggest carmaker blamed cut-throat Chinese competition and an 8 billion euro hit from writedowns. It plans to cut 120,000 jobs by 2030.
2h ago
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Car industry
3 articles
Auto
Audi to build $4 billion SUV plant in Georgia, its first in the US: Q7, Q8 and Q9 from the early 2030s
The Volkswagen brand will make 200,000 SUVs a year near Macon after US tariffs cost it 1.2 billion euros last year. Donald Trump announced the plant at a rally.
4d ago
Auto
Hyundai to invest $15.5 billion in India by 2032, about Rs 4.3 trillion, after Euisun Chung meets Modi
Hyundai Motor Group calls India a core market and will set up a dedicated investment entity there. It already builds 1.4 million cars a year in India.
14 Oct 2026