Puma’s Historic Rivalry With Adidas Enters a New Era as Anta Deal Signals Turnaround Push 
The Maire - EuroChem Case: Three Lessons for Global Business 
Microsoft AI Spending Surge Sparks Investor Jitters Despite Solid Azure Growth 
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Woodside Energy Flags Lower 2026 Production Outlook Despite Strong Q4 Revenue Beat 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
First Abu Dhabi Bank Reports 22% Jump in Q4 Profit, Beats Market Expectations 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
U.S. Stock Futures Edge Lower as Tech Earnings and Fed Decision Shape Market Sentiment 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
Volkswagen CEO Oliver Blume Faces Crucial Year as Investors Demand Turnaround Results 
Trump Threatens 50% Tariff on Canadian Aircraft Amid Escalating U.S.-Canada Trade Dispute 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Volkswagen Mexico revealed on Sunday, June 27, that it would be resuming operations in three of its production units. This is expected to start from next week and in July after the production was forced to stop as the company is short on semiconductor parts due to the worldwide chip supply crunch.
As per Reuters, the German automaker shared the news through a statement that was released last weekend. With the announcement, three of Volkswagen Mexico’s manufacturing segments will be returning to activities and currently preparing for it now.
Chip shortage besets car makers worldwide
It is not just Volkswagen that was hit by the chip shortage that led to the shutting down of production plants that are becoming a regular thing within the industry. Since the supply of chips is still low despite the efforts of its makers to increase production, the vehicle manufacturing businesses have been suffering from losses for quite a while now.
The situation was made worse by the pandemic, and experts are saying that the end of the shortage is still far. Aside from Volkswagen, Toyota, General Motors, and Ford Motor have all been cutting productions as well.
At any rate, with the resumption of Volkswagen Mexico’s production, it will now start making Taos, Jetta, and Tigua vehicle models in the plants. These models will have different production restarting dates that will be from next week to July.
Volkswagen to stop production of combustion engine cars
Meanwhile, in a separate announcement, Volkswagen stated that it would no longer make and sell combustion engine cars by 2035. The automaker said that it has set the timeline for its exit in the engine car market in Europe.
Although it will initially start in Europe, it will later stop making vehicles with internal combustion engines in the U.S. and China. France24 reported that this information was shared by one of the company’s board members on Sunday.
The phasing out of the combustion engine cars is part of the company’s goal to go all-electric in the future. The shift to electric cars is a goal for all carmakers today as they push to take part in fighting climate change.
