Automotive

Amble has introduced the Amble One, a street-legal electric buggy aimed at luxury resorts and short-range mobility. The vehicle carries a starting price of $25,000 and draws design cues from the NASA lunar rover.

June 26, 2026 Reported by AI

Volkswagen's supervisory board will review on July 9 a plan to double job cuts to 100,000 positions and close four factories in Germany. Spanish plants remain unaffected due to investments in electric vehicles.

Following a profit warning due to weak China business, BMW plans to discuss further cost reductions with its works council. Job cuts remain possible.

June 19, 2026 Reported by AI

Markus Haupt, CEO of SEAT and Cupra, took over as president of ANFAC on Friday with a direct message to Chinese brands: they must produce in Europe to ensure fair competition.

Ezz Elarab Elsewedy Investments and ROX Motor have formed ROX ESI Egypt to produce new-energy vehicles locally. The agreement was signed on June 15 in the presence of two Egyptian ministers and company executives. Production is scheduled to start in 2027.

June 15, 2026 Reported by AI

CEO Oliver Blume announces further cost-cutting measures at the shareholders' meeting. By the end of the year 19,000 jobs are to be cut in a socially acceptable manner in the German AG. Despite the cuts, profits are falling and key cost blocks are rising.