SK Innovation shareholders approve plan to split off battery business
The unit, to be launched on Oct. 1, will initially be a wholly-owned subsidiary of SK Innovation.
Volkswagen says chip crisis won’t ease until second half of 2022
The head of VW’s Americas business doesn’t see U.S. auto production returning to normal levels until the second half of next year.
Lucid's launch edition of Air EV hits 520 miles of EPA range
The 520-mile model is the $169,000 Lucid Air Dream Edition Range with 19-inch wheels and 933 hp.
Winterkorn knew about diesel fraud early on, prosecutor says
Four ex-VW Group managers are standing trial in Germany accused of fraud for their part in the diesel-rigging scandal. Their former boss’ role in the scandal was highlighted even though his trial hasn’t started yet.
Infineon plant downed by power outage in Germany could worsen chip shortage
Infineon’s Dresden plant makes more than 400 different parts that are used across its product range, including automotive chips.