Category: Europe
Renault eyes $10 billion valuation for EV business, source says
Renault is aiming for a roughly 10 billion euro ($10 billion) valuation for the electric-vehicle…
BMW, Stellantis warn on surging costs as recession looms in Germany
Stellantis has joined BMW in warning that Europe is struggling to cope with surging costs.…
Self-proclaimed next Tesla faces uncertain future
The image arrived in Susan Swenson‘s inbox on a Wednesday evening. Her corporate headshot had…
UK market on course for toughest year since 1982
The UK auto market is on course to face its toughest year since 1982 as…
German sales jump 17% in October as supply problems ease
FRANKFURT — New-car sales rose in Germany 17 percent in October as supply issues eased…
Maserati could ‘stand on its own’ in the future, Stellantis CFO says
Maserati could be a stand-alone brand in the future if it can become sustainably profitable,…
BASF says its German battery materials plant will be running by year-end
BASF’s new battery materials site in Schwarzheide, eastern Germany, will start production towards the end…
Key turbocharger supplier exploring options, including sale, report says
Garrett Motion, a key supplier of automotive turbochargers and other equipment, is exploring strategic options…
Toyota eyes European price increases to offset higher costs, slumping profits
TOKYO – Toyota Motor, slammed by higher costs, microchip shortages and slumping profits, plans to…
London electric taxi maker to cut up to 140 jobs in UK
The London Electric Vehicle Company, which makes the city’s battery-powered black cabs, plans to cut…
EU asks U.S. for same treatment as Canada and Mexico in EV sales
PRAGUE — The European Union asked the United States to treat EU electric vehicles, batteries…
Tesla begins clearing German forest to EV expand plant
Tesla began clearing a German forest late Friday to expand its electric-car factory near Berlin,…
Porsche profit soars with 911 sales driving returns
Porsche’s operating profit jumped 41 percent to 5.05 billion euros ($5 billion) in the first…
VW sees growth next year despite worsening economic outlook
BERLIN — Volkswagen Group expects growth in the autos market next year despite the worsening…
Ford sells stake in Russia business, joining carmaker exodus
Ford sold its 49 percent stake in the Sollers Ford joint venture, finalizing its exit…
VW brand will be electric-only in Europe from 2033
BERLIN — Volkswagen brand will only produce full-electric cars in Europe from 2033, its boss…
Tesla faces U.S. criminal probe over self-driving claims, report says
Tesla is under criminal investigation in the United States over claims that the company’s electric…
Volvo’s earnings fall as higher costs bite
Volvo Cars expects lower wholesale volumes this year as it reported a drop in third-quarter…
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