22 June 2026
22 June 2026
In May, the global light vehicle (LV) selling rate stagnated, month-on-month (MoM), at 89 million units/year, and remains well below the market result last year.
The negotiations come as the luxury carmaker faces pressure from US tariffs and a prolonged sales decline in China.
The MEBeco, the motor for the MEB+ Modular Electric Drive System, will also be supplied to other VW Group brands.
Michael Leiters told the newspaper FAS that the company aims to finalise discussions on a second cost-cutting programme before its factory holidays begin in July.
The company develops technology it describes as the “brain” for autonomous vehicles. It sells driving assistance systems to carmakers.
The market last month was held back by annual holidays.
Signs from the job market that Tesla is seriously commited to investing for future business growth in South Asia.
The two truck-makers completed their merger in April.
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