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China’s largest carmaker to cut thousands of jobs at its joint ventures with GM and Volkswagen

VW ID.3 price China

Amid an intense price war and lost market share to BYD and Tesla, China’s state-owned automaker SAIC Motor is reportedly making drastic job cuts this year at its joint ventures with General Motors and Volkswagen and at its EV unit – with mass layoffs a rare move for a China-owned company.

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Volkswagen debuts the ID.7 Tourer, a spacious station wagon with impressive range

Volkswagen Group announced a new addition to its ID line of electric vehicles today, launching the ID.7 Tourer – a variant of the original fastback saloon with added cargo space and some enticing range. The estate car, better known in the States as a station wagon, arrives as one of the only all-electric options in the upper mid-size category in Europe.

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