Fortum, BASF, and Nornickel have signed a letter of intent to plan a battery recycling cluster in Harjavalta, Finland, serving the electric vehicle market. This would enable a successful “closed loop” cycle to reuse the critical metals present in used batteries. Using metals from recycled batteries to produce battery materials offers significant CO2 reduction in the [...]

Volvo Cars inaugurated a brand-new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year. The inauguration is the latest proof point for Volvo Cars’ electrification strategy and its climate action plan. It aims to reduce its lifecycle [...]

The Volkswagen Group has reported an increase in sales revenue in 2019 by €16.8bn to €252.6bn and operating profit before special items rose to €19.3bn (£16.5bn). At 7.6, the operating return on sales before special items slightly exceeded the forecast range for 2019. Operating profit also improved to €17bn. In the Automotive Division, net cash [...]

Just 6.2 million light vehicles were sold globally in January, the lowest monthly figure since January 2012, which saw 5.9 million units sold, according to GlobalData, a data and analytics company. Driving the drop in sales was the emergence in December 2019 of the coronavirus in Wuhan, China. The disease has spread rapidly and has [...]

The 2020 Geneva International Motor Show has been cancelled after the Swiss government banned gatherings of 1,000 people or more due to concerns about the coronavirus. The 90th edition of GIMS was scheduled to start on Thursday (5 March) and run until Sunday, 15 March. Show chairman Maurice Turrettini said: “We regret this situation, but [...]