Category: Europe
VW’s new CEO Blume plans to downsize management board, report says
HAMBURG — Volkswagen Group’s incoming CEO, Oliver Blume, aims to shrink the size of the…
Nikola names Michael Lohscheller as next CEO
Nikola Corp. said Michael Lohscheller will take over as the electric-truck maker’s CEO when Mark…
Burning cash, commercial EV startups race to deliver vehicles
NUNEATON, England — A handful of commercial electric vehicle startups are burning through cash fast,…
Great Wall partners with Emil Frey to distribute Wey, Ora brands
China’s Great Wall, one of the country’s six largest automakers, has entered a strategic partnership…
Baidu CEO: EV unit Jidu’s autonomous driving tech will be jump ahead of Tesla
BEIJING — Baidu’s electric vehicle unit, Jidu Auto, will be one-generation ahead of Tesla in…
Germany auto industry would suffer in trade war with China
BERLIN — Germany would face costs almost six times as high as Brexit if it…
Aurora will prioritize autonomous trucking over robotaxis
Self-driving tech startup Aurora Innovation is working with several partners, including Toyota, Paccar’s Peterbilt brand…
Porsche said to court Gulf sovereign funds for landmark IPO
Porsche is trying to secure anchor investments from some of the largest Middle Eastern sovereign…
Car dealer Pendragon says buyout talks terminated
Car dealer Pendragon said on Friday talks over a potential takeover of the company were…
EV startup Arrival will delay bus and car project trials to cut costs, report says
British electric vehicle start-up Arrival is delaying trials of its bus and car projects to…
Chipmakers have a message for automakers: Your turn to pay
The shortages of computer chips that forced global automakers to scrap production plans for millions…
Tesla aims for 2 million-unit run rate by end of 2022, Musk says
Tesla CEO Elon Musk told shareholders that the EV maker will have an annual run…
AvtoVAZ shuffles production amid Ukraine sanctions
MOSCOW — Russian carmaker AvtoVAZ said on Thursday it would move production of the Lada…
German sales plunge 13% in July on supply chain woes
German passenger car sales fell 13 percent in July as automakers were unable to keep…
Volvo leaves door open for ACEA collaboration
Volvo Cars’ CEO Jim Rowan has left some wiggle room for his company to keep…
Volvo eyes 10% EV share despite big July setback
Volvo Cars took a step backward last month on its quest to reach a key…
VW agrees to buy $4 billion worth of lidar components from Israel’s Innoviz
Israel’s Innoviz Technologies said it will supply hardware and software to Volkswagen Group‘s Cariad unit…
Ferrari lifts full-year forecasts after strong Q2 results
MILAN — Ferrari raised its forecasts for full-year revenue and profit after its order book…
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