The electric automaker wants to produce a million cars a year at its plant near Berlin, a step that would make it Europe’s largest car factory.
The electric automaker wants to produce a million cars a year at its plant near Berlin, a step that would make it Europe’s largest car factory.
Gernot Döllner, who is considered close to Volkswagen’s chief executive, Oliver Blume, will take over at the luxury brand starting Sept. 1.
The European Union is trying to assemble the building blocks to produce electric cars, but subsidies are luring companies to the United States.
About 80 percent of new cars sold in Norway are battery-powered. As a result, the air is cleaner, the streets are quieter and the grid hasn’t collapsed. But problems with unreliable chargers persist.
Prime Minister Justin Trudeau said the assistance was needed to offset incentives offered by the United States.
Prime Minister Justin Trudeau said the assistance was needed to offset incentives offered by the United States.
The Shanghai auto show, the largest in China since before the pandemic, had one theme: The dominance of electric vehicles in the world’s largest car market is here to stay.
The intense competition among the country’s huge number of start-up carmakers has unsettled what had been a pillar of the economy in the last few years.
Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.