Automotive Industry

Porsche intends to move production of its Cayenne SUV in all three powertrain variants from Bratislava to Leipzig. CEO Michael Leiters aims to secure the long-term utilization of the plant in Saxony.

26 Mwezi wa sita, 2026 Imeripotiwa na AI

Car manufacturer Mercedes has informed its roughly 90,000 tariff employees in Germany that the annual special payment due in July will not be made for now. The company plans instead to pay it in April 2027 or possibly cancel it. Further cost reductions are under review.

Volkswagen's board will receive the full annual bonus despite tough times, thanks to a sudden six billion euros in cash flow. The works council demands clarification on this unexpected turn and criticizes the company's information policy. A top-level meeting is scheduled for this week.

6 Mwezi wa pili, 2026 Imeripotiwa na AI

Toyota Motor Corporation announced that current CEO Koji Sato will step down on April 1, with Chief Financial Officer Kenta Kon succeeding him. The move has surprised analysts, given the Japanese automaker's relative success navigating global industry challenges.

The German government is introducing a new purchase premium for electric cars, retroactive for vehicles newly registered since the start of the year. Subsidies ranging from 1,500 to 6,000 euros will be available based on income and family status. Environment Minister Carsten Schneider views it as a boost for the domestic automotive industry.

14 Mwezi wa kwanza, 2026 Imeripotiwa na AI

General Motors (GM), in partnership with Al-Mansour Automotive, the exclusive distributor of Chevrolet in Egypt, has launched two fully electric Chevrolet models for the first time in the Egyptian market: the all-new Chevrolet Captiva EV and the Chevrolet Spark EUV. The launch marks a further step in GM’s collaboration with Al-Mansour Automotive to advance electric mobility solutions in Egypt, supporting the country’s national vision for sustainable transport, green mobility, and environmental sustainability.