Category: Europe
Haldex shares soar as Germany’s SAF Holland makes $325M takeover bid
STOCKHOLM — German automotive supplier SAF Holland said it was offering 3.2 billion Swedish crowns…
VW’s Cupra brand aims for 500,000 sales by 2025
TERRAMAR, Spain — Volkswagen Group’s Cupra brand has set a target of 500,000 sales a…
Polestar readies flagship SUV for autumn debut
Swedish automaker Polestar will introduce its flagship SUV in October, expanding the brand’s lineup to…
Andy Palmer, head of EV maker Switch Mobility, to speak at Automotive News Europe Congress
Andy Palmer has been at the heart of the European mobility market for decades, first…
UK new-car sales see second weakest May in 30 years
New-car registrations in Britain tumbled nearly 21 percent last month, the second weakest May in…
Ford to cut production at Focus plant in Germany
BERLIN — Ford plans to significantly cut production at its Focus compact car plant in…
Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’
Tesla CEO Elon Musk said the electric vehicle maker’s total headcount will increase over the…
France makes it harder to quickly resell new electric cars for profit
PARIS — France has put in place new rules that make it harder to profitably…
Musk’s Tesla office ultimatum faces pushback in Germany
BERLIN — Elon Musk’s demand that Tesla staff stop “phoning it in” and get back…
Musk wants to cut 10% of Tesla jobs, pauses all hiring
SAN FRANCISCO — Tesla CEO Elon Musk has a “super bad feeling” about the economy…
AvtoVAZ plans to resume production of Lada Granta from June 8
AvtoVAZ said it will resume production of its best-selling Lada Granta model from June 8,…
U.S. charges Stellantis unit in diesel emissions probe
WASHINGTON/NEW YORK — The U.S. Justice Department on Thursday charged the U.S. business of Stellantis…
Former GM exec to head VW brand sales and marketing
BERLIN — Former General Motors Europe executive Imelda Labbe will become sales and marketing boss…
Stellantis to halt Jeep plant in Italy again due to chip shortage
MILAN — Stellantis will again stop operations at its key Melfi plant in southern Italy…
Ineos plans electric off-roader with ‘workhorse DNA’
LONDON — Ineos Automotive plans to launch a full-electric version of its Grenadier off-roader, moving…
Supplier Marelli selects KKR to lead turnaround, debt restructuring
Marelli Holdings, the auto supplier seeking to renegotiate its debt, selected current owner KKR &…
Renault sales exec Raffaele Fusilli to be panelist at Automotive News Europe Congress
The major trends shaking up the auto industry — electrification, connectivity, autonomous driving — are…
How a cheap component could help kill off combustion-engine cars
The humble wire harness, a cheap component that bundles cables together, has become an unlikely…
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