Volkswagen AG
Electric Car Sales Climb Sharply Despite Shortages
Americans are buying electric vehicles at a record pace, undeterred by rising prices and long waits for delivery, a further indication that the twilight of the internal combustion engine is on the horizon. Vehicles that run on batteries accounted for 5.6 percent of new-car sales from April through June, still a small slice of the […]
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Icons of Italian Automotive Style Struggle to Go Electric
SANT’AGATA BOLOGNESE, Italy — The boys spilling out of a grade school in an Italian village went silent as the Lamborghini approached, its throaty 12-cylinder engine trumpeting its presence. Then, as the wedge-shaped beast rumbled by the schoolyard, they broke into cheers, pumping their fists and leaping into the air. It was a spontaneous expression […]
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They Are the Heirs of Nazi Fortunes, and They Aren’t Apologizing
In 2016, BMW’s charitable arm was consolidated under the name BMW Foundation Herbert Quandt. It is now a major global charity, with about $150 million in assets, supporting sustainability goals and impact investing. Stefan Quandt and Ms. Klatten are among its founding donors. If the foundation’s website is to be believed, Herbert Quandt’s entire biography […]
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China’s Covid Lockdowns Set to Further Disrupt Global Supply Chains
BEIJING — Trucks are being delayed by the testing of drivers. Container rates are rising as ships wait for many hours at ports. Products are piling up in warehouses. As Chinese officials scramble to contain the country’s worst outbreak of Covid-19 since early 2020, they are imposing lockdowns and restrictions that are adding chaos to […]
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How Russia’s Invasion of Ukraine Could Reshape Trade, Starting With Cars
The auto assembly lines going quiet in Germany, Britain and Austria are more than just another example of how fragile supply chains have become. The shutdowns may foreshadow a fundamental reordering of the global economy that Russia’s invasion of Ukraine will accelerate. The conflict has underlined the risks of doing business in authoritarian countries — […]
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Why This Could Be a Critical Year for Electric Cars
Sales of cars powered solely by batteries surged in the United States, Europe and China last year, while deliveries of fossil fuel vehicles were stagnant. Demand for electric cars is so strong that manufacturers are requiring buyers to put down deposits months in advance. And some models are effectively sold out for the next two […]
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Why Tesla Soared as Other Automakers Struggled to Make Cars
For much of last year, established automakers like General Motors and Ford Motor operated in a different reality from Tesla, the electric car company. G.M. and Ford closed one factory after another — sometimes for months on end — because of a shortage of computer chips, leaving dealer lots bare and sending car prices zooming. […]
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Toyota Outlines Electric Vehicle Expansion Plan
Toyota, the world’s largest carmaker, belatedly joined the electric vehicle bandwagon on Tuesday, saying it hoped that by the end of the decade battery-powered cars would account for one-third of sales and almost all of the sales of its Lexus luxury brand. The Japanese automaker pioneered hybrid vehicles that use electric and gasoline motors, but […]
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