Bloomberg For years, Volkswagen’s poor performance in the US fuelled debate among the company’s managers about whether Europe’s biggest carmaker should simply pack up and leave. According to Chief Executive Officer Herbert Diess, that’s no longer remotely an option. “We are going nowhere,” Diess said in a recent interview with CBS’s 60 Minutes. “No, we have to come back in …

  Bloomberg Shares in Ferrari NV tumbled the most in more than two weeks after the luxury sports carmaker issued a recall for 2,222 of its vehicles in China, telling owners there may be some problem with the brakes. According to Bloomberg Intelligence data, that’s the equivalent volume of almost every car Ferrari has sold in the country since 2018 …

  Bloomberg General Motors Co and Honda Motor Co are in talks about expanding their electric-vehicle partnership to include developing solid-state batteries, which automakers are chasing because they have more power, lower cost and reduced risk of fire. The companies have been discussing joint development of future batteries as they expand cooperation, though no decision has been made yet, Shinji …