Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains.

Volkswagen’s truck manufacturing brand Scania plans to equip all its future electric trucks with Northvolt batteries, in a vote of confidence for the cash-strapped Swedish battery maker.

Models affected include locally made 3 Series and 5 Series vehicles, as well as several imported X Series SUVs.

Traton SE is targeting slightly higher returns in the coming five years by expanding in North America and selling more higher-priced electric trucks.

Daimler Truck Holding AG lowered its outlook for 2024, following other truck makers that have trimmed forecasts on softening sales as demand in Europe and Asia weakens.

Daimler Truck AG and Abu Dhabi agreed to explore the Gulf state’s supply of green hydrogen to power future fuel cell rigs in Europe.

BMW AG and Mercedes-Benz Group AG will cooperate on a fast-charging network for EVs in China with a plan to open at least 1,000 stations by 2026.

BMW AG is stepping up spending on its electric car rollout after the luxury carmaker’s battery-vehicle deliveries more than doubled during the first half of the year.

BMW AG is hoping to piggyback on future hydrogen fueling stations for trucks to help solve the protracted issue of building an expensive infrastructure network for cars powered by the alternative fuel.

Robert Bosch GmbH is curtailing its operations in Russia amid signs that its parts may have been used for “non-civilian” purposes in violation of its policies, the company said.