BERLIN/FRANKFURT/MUNICH – Volkswagen (VOWG_p.DE) may have to step up its plans for mass production of electric vehicles in order to meet tougher-than-expected European targets to cut greenhouse emissions from cars, its chief executive said on Tuesday. The remarks came after the European Union agreed on Monday to cut CO2 emissions from cars by 37.5 percent […]

Battery-electric car company Faraday Future appears to be teetering on the brink of insolvency, according to one of its co-founders, who tendered his resignation Tuesday. Nick Sampson’s departure came barely a week after an unspecified number of Faraday employees were laid off, with a second mass “furlough” in the works at the beginning of November. […]

FRANKFURT  – Volkswagen’s (VOWG_p.DE) Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead. Volkswagen has admitted to deliberately cheating diesel emissions tests, sending shockwaves through the automotive industries and causing a sector-wide crackdown on polluting diesel engines. As a result, carmakers […]