In Germany, neighborhood solar starts to eat away at utility revenue

Photovoltaic solar power field at Volkswagen plant in Chattanooga, TennesseeFive years ago, an electric-utility think tank issued a dire warning to its members: Your century-old business model is ending. The continually falling costs of renewable energy generation, especially solar panels, would begin to erode utilities' business from its most profitable customers, the study said. Now, in Germany—hardly known for...

VW CEO: European subsidies for diesel should end

Matthias MullerOne of the most powerful automotive CEOs in the industry at a company that once found monumental success in diesel-powered cars has delivered a commandment to European governments from atop his throne in Wolfsburg. Thou shalt not subsidize diesel. That commandment, from VW CEO Mattias Müller, is about as predictable as one might expect from...

Will Tesla steamroller German luxury makers? Perhaps not

2014 BMW i3 and 2014 Tesla Model S   [photo: Tom Moloughney]It has become an article of faith among some Tesla fans and owners that the company will inevitably rise to compete with and ultimately defeat the titans of the global auto industry. This belief is especially prevalent for the luxury sector, where three German carmakers dominate the global market for pricey and admired vehicles of all sorts. About...

Do German makers face ‘iPhone moment,’ after dodging diesel bullet?

2017 Tesla Model 3 The Volkswagen diesel scandal has largely fallen out of the public eye in the U.S., as VW and Audi buy back and modify roughly half a million noncompliant vehicles sold from 2009 through 2016. In Germany, meanwhile, the major sellers of diesel vehicles—not only VW Group but also Mercedes, Opel, and Fiat—have agreed to modify 5 million...