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Volkswagen Group vehicles parked outside a modern factory building
Industry, Electric Vehicles, Technology

Volkswagen Group memo signals possible deeper job cuts

A reported internal memo from CEO Oliver Blume raises the possibility of 50,000 additional job reductions, underscoring the pressure on Europe’s largest automaker as it funds its EV and software transition.

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BMW SUV production line at the Spartanburg, South Carolina plant with workers assembling vehicles
Industry, Electric Vehicles, New Cars

BMW Completes $1.7 Billion South Carolina EV Investment

BMW has finished a major South Carolina manufacturing upgrade that prepares its Spartanburg-area operations for U.S.-built electric SUVs, with an electric X5 expected to be the first key product from the program.

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