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Illustration of a Volvo plug-in hybrid vehicle with battery fire risk, related to the recall of 64,000 cars.
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Volvo recalls 64,000 plug-in hybrids due to fire risk

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Volvo Cars is recalling 64,000 plug-in hybrids worldwide after a manufacturing defect in the battery that risks overheating and fire.

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.

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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.

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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.

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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.

 

 

 

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