VW to Close 3 German Plants; Numbers Don’t Look Good at Porsche & Mercedes – Autoline Daily 3923

Autoline reports breaking global car news, with great insight and analysis. Also, top auto executive interviews. We cover electric vehicles (EV), autonomous vehicles (AV) and internal combustion engine technology (ICE), as well as car sales & financial earnings and new car reviews.

0:00 VW To Close At Least 3 Plants in Germany
0:33 Mercedes’ Q3 Earnings a Disaster
1:02 Porsche’s Earnings Down Sharply
1:36 Renault Gives Employees Free Stock
3:20 Waymo Raises $5.6 Billion
3:55 Anthro Energy Receives U.S. Grant for Electrolyte Production
4:32 Hyundai Unveils “Rolling Lab” Test Vehicle
6:07 Hyundai Rotem Reveals Hydrogen Powered Tank

Story Links:
– VW Plans Major Layoffs: https://www.reuters.com/business/autos-transportation/volkswagen-plans-major-layoffs-shut-least-three-german-plants-works-council-head-2024-10-28/

– Mercedes Q3 Results: https://group.mercedes-benz.com/investors/reports-news/interim-reports/q3-2024/

– Porsche Q1-Q3 Results: https://newsroom.porsche.com/en/2024/company/porsche-third-quarter-2024-profit-sales-revenue-37672.html

– Renault Employee Stock Program: https://media.renaultgroup.com/renault-groups-employee-share-ownership-plan-2024-strong-growth-momentum/?lang=eng

– Waymo Raises $5.6 Billion: https://www.autonews.com/technology/an-waymo-raises-56-billion-round/

– Anthro Energy Gets DOE Loan for Electrolyte Production: https://electrek.co/2024/10/25/us-ev-battery-supply-chain-advanced-electrolyte-factory-anthro-energy/

– Hyundai RN24: https://www.hyundainews.com/en-us/releases/4279

– Hyundai Rotem Hydrogen Tank: https://electrek.co/2024/10/25/new-hydrogen-concept-from-hyundai-is-taking-back-tank-turn/

– To read the transcript for today’s show click here: https://www.autoline.tv/daily/ad-3923-vw-to-close-3-plants-in-germany-mercedes-hyundai-reveals-hydrogen-tank/

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