Volkswagen will end production of its only convertible model, the T-Roc Cabrio, by 2027. Manufactured in Osnabrück, Germany, this crossover with an electric retractable roof was an alternative to the Eos and marks the end of an era for the brand’s convertibles.
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KTM Faces Financial Crisis with 265,000 Unsold Motorcycles and Seeks Restructuring
KTM is facing serious financial problems, with 265,000 unsold motorcycles accumulating in inventories around the world. This number was revealed during the company’s bankruptcy hearings, where the future of its restructuring plan was discussed.
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Volkswagen avoids factory closures in Germany with a deal cutting 35,000 jobs by 2030
Volkswagen has announced a deal with European unions to avoid factory closures in Germany and massive strikes.
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Honda and Nissan in Talks for Historic Merger That Could Create Global Automotive Giant
Honda and Nissan are in discussions for a potential merger, which could include Mitsubishi. If realized, this union would create one of the largest automakers in the world, only behind Toyota and Volkswagen.
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Nissan Faces Financial Crisis and Seeks Partnership with Honda to Survive in the Coming Months
Nissan is facing a financial crisis, with dealerships selling cars at a loss, reduced production, and a series of job cuts, totaling more than 9,000 positions eliminated.
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Volkswagen Announces Unprecedented Factory Closures in Germany as Part of Billion-Dollar Cost-Cutting
Volkswagen plans to close up to three factories in Germany for the first time in its history, as part of a restructuring aimed at cutting more than $4.3 billion in costs.
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