Swedish EV maker Polestar’s loss narrows as supply chain snags ease

[ad_1] STOCKHOLM, Aug 31 (Reuters) – Swedish electric vehicle (EV) maker Polestar’s operating loss narrowed in the second quarter as the auto industry slowly recovers from pandemic-related supply chain bottlenecks.…

Malaysia’s Permodalan Nasional considers $2.15 bln automakers merger in EV push -sources

[ad_1] Bigger group could spearhead Malaysia EV growth – sources Consideration fits with government’s EV push Sime Darby Motor promoting EV adoption in Malaysia SINGAPORE/BENGALURU, Aug 24 (Reuters) – Malaysia’s…

Volvo Cars launches EX30 electric SUV with focus on affordability

[ad_1] [1/6] Jim Rowan, Volvo President & Chief Executive Officer, speaks during the reveal event of the Volvo EX30 electric SUV vehicle in Milan, Italy June 7, 2023. REUTERS/Claudia Greco…

Volvo Cars to axe 1,300 jobs as it steps up cost cuts

[ad_1] COPENHAGEN, May 4 (Reuters) – Volvo Cars (VOLCARb.ST) will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-based auto maker said on…

Analysis: German automakers fight to defend their turf from Chinese rivals

[ad_1] SHANGHAI/BERLIN, April 19 (Reuters) – German automakers have turned up in full force at Shanghai’s Auto Show as they fight to stay on top of consumer trends in the…

Exclusive: Vietnam’s Vincom Retail in stake sale talks with strategic investors – sources

[ad_1] SINGAPORE/HANOI, March 29 (Reuters) – Vietnam’s largest conglomerate, Vingroup (VIC.HM), is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic…