Volkswagen is waiting to hear what Europe's response to the U.S. Inflation Reduction Act before progressing with plans to build new battery plants in Europe
Cruise is focusing on cutting costs this year as mounting losses in the autonomous vehicle companies have sparked investor concerns and forced some to shut shop.
Oil giant Aramco has agreed to take a minority stake in a new powertrain engine company to be set-up jointly by Renault SA and China's Geely Automobile Holdings Ltd.