Volkswagen's Plan to Build a Battery Factory in Canada?

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VW will build a battery factory in Canada because it can qualify for US subsidies there. How much of a blow to Europe is that? We knew, or Volkswagen kind of indicated before that it would be building battery plants in North America as well as its sales cars there. But we had been expecting them to move forward with a new plant in Eastern Europe first.

The Swiss central bank said it would provide a liquidity backstop to Credit Suisse, UK chancellor Jeremy Hunt unveiled a Budget that includes a £4bn expansion of free childcare, and Volkswagen is increasing its investments in electric vehicles.

Mentioned in this podcast:

Swiss central bank offers Credit Suisse liquidity backstop after share plunge

Jeremy Hunt’s “Budget for growth” boosts UK childcare

VW ramps up investments in electric car transition with €180bn injection

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