In brief | 25 November '24

DW: Bosch to cut 5,000 jobs with car industry in crisis

The car parts manufacturer said some 3,800 of the layoffs are to be made in Germany.

Reuters: VW brand boss: layoffs, plant closures needed to fix carmaker's problems

Volkswagen sees no chance of avoiding layoffs and plant closures in order to cut 4 billion euros in costs, the brand's chief executive said in a newspaper interview, amid an escalating dispute with workers.

Bloomberg: Europe is already facing its next energy crisis

Rapidly depleting gas reserves and looming supply cuts from Moscow have the makings of a fresh energy crisis for Europe, which is still reeling from extreme shocks two years ago.

FT: The Northvolt dilemma: Can European EVs avoid relying on Asian batteries?

Governments, carmakers and investors must recraft the region’s strategy after the fall of the Swedish group.

Electrive: EU and Beijing could agree on a minimum price for China-made EVs

Brussels and Beijing might come to an agreement after all, with Chinese carmakers ready to offer their electric cars in Europe for a minimum price.