Volkswagen and Mercedes sign EV battery accords with Canada
- 24-Aug-2022
OTTAWA: Canada announced Tuesday tentative deals with Volkswagen and Mercedes-Benz that would see the two European automakers tap into burgeoning North American supply chains as they seek to challenge Tesla in the electric vehicle market. The memorandums of understanding were signed during a visit to Canada by German Chancellor Olaf Scholz, who is seeking to […]
Panasonic flags first profit drop in eight years
- 09-May-2019
Panasonic switched its focus to corporate clients such as automakers a few years ago to escape price wars in lower-margin consumer electronics.