China's potential retaliatory tariffs in response to the European Commission's proposed duties of up to 38.1% on Chinese-made electric vehicles pose a significant risk to European car manufacturers.

German carmakers most exposed to Chinese counter-tariffs

Tesla is laying off more than 10 per cent of its staff worldwide, reported news agency Reuters, on Monday (Apr 15) citing an internal memo. According to the report, the layoffs also come as the company grapples with a decline in sales.

Tesla to lay off around 14,000 employees globally as sales decline

Volkswagen has chosen Canada as the location for its first battery cell plant outside of Europe. The move will enable VW cars to access Canadian and US subsidies as the carmaker seeks to localise its electric vehicle production chain in the region.

Volkswagen picks minerals-rich Canada for setting up first battery plant outside Europe

With the ongoing global chip shortage, German carmaker Volkswagen is all set to manufacture and deliver fewer cars globally in 2022.

German carmaker Volkswagen to make fewer cars globally in 2022 amid global chip shortage

The luxury sports carmaker is also targeting women to develop as a new set of customers, apart from first generation entrepreneurs

Lamborghini bets big on India, eyes double digit sales growth

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