stumbles
By Simon Johnson LULEA, Sweden (Reuters) – Sweden’s local authorities, rattled by battery-maker Northvolt’s fight for survival and the potential fallout for taxpayers, are seeking increased financial support from the central government for the country’s transition to green industry. Europe’s electric vehicle battery champion filed for U.S. Chapter 11 bankruptcy…
Germany’s automotive industry is facing an increasingly difficult outlook.Volkswagen may close factories in Germany for the first time, and BMW and Mercedes-Benz are struggling.Experts told BI that all three companies face slumping EV sales and brutal competition in China. Germany’s car giants were once the envy of the world, but…
