Volkswagen has ‘a year, maybe two to turn around’, financial chief warns

Carmaker defends plan to close German plants as Volvo ditches target to sell only electric cars by 2030

Volkswagen says it has “a year, maybe two” to adapt to a slump in European car sales, as it seeks to justify proposals to close factories in Germany for the first time in its history.

Separately, the Swedish automaker Volvo said it had ditched a target to sell only electric cars by 2030, opting instead to continue selling some petrol vehicles alongside battery models.

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UAW launches push to organize at Tesla and other non-union car makers

Union drive will cover nearly 150,000 workers at factories largely in US south

Less than two weeks after ratifying new contracts with Detroit automakers, the United Auto Workers union announced plans on Wednesday to try to organize workers simultaneously at more than a dozen non-union auto factories.

The UAW says the drive will cover nearly 150,000 workers at factories largely in the south, where the union has had little success in recruiting new members.

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‘Green steel’: Swedish company ships first batch made without using coal

Hybrit sends steel made with hydrogen production process to Volvo, which plans to use it in prototype vehicles and components

The world’s first customer delivery of “green steel” produced without using coal is taking place in Sweden, according to its manufacturer.

The Swedish venture Hybrit said it was delivering the steel to truck-maker Volvo AB as a trial run before full commercial production in 2026. Volvo has said it will start production in 2021 of prototype vehicles and components from the green steel.

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Every major UK and European carmaker to stop or cut production

As disruption from Covid-19 spreads, only some low-volume producers will remain open

Every major carmaker in the UK and Europe is suspending or cutting production as the disruption from the coronavirus outbreak spreads – with only lower-volume manufacturers such as Aston Martin keeping factories open.

Jaguar Land Rover (JLR) and Bentley Motors have become the latest British carmakers to suspend production at their UK factories.

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