Category: Europe
Valeo buys out Siemens from EV-components venture in $317M deal
Valeo agreed to acquire Siemens’ stake in their 5-year-old electric-car components venture to bolster its…
Tesla production in Germany to start mid-March at earliest, report says
BERLIN — Production at Tesla’s German factory will not start until mid-March at the earliest,…
VW curbs sales of ID electric cars amid chips crunch
BERLIN — Volkswagen has implemented a quota system in its German retail network for its…
Volvo will build electric crossover at U.S. plant
Volvo Cars will launch production of a new electric crossover at its U.S. assembly plant…
VW’s electric ID Buzz will be priced similar to T6 combustion engine van
BERLIN — Volkswagen’s ID Buzz full-electric van will be start below 60,000 euros ($69,000) in…
Stellantis halts van production in Italy due to engine shortage
MILAN — Stellantis has halted production for one day at its Sevel plant in Italy,…
Faurecia targets sales of over $37B in 2025 as it seals Hella deal
PARIS — Faurecia said its new combination with Hella would result in it aiming for…
VW exec sees ‘volatile situation’ for microships through 2022
BERLIN – Volkswagen Group does not expect the global shortage of semiconductors to end this…
Automakers, chip companies differ on duration of semiconductor shortage
SAN FRANCISCO — Automakers including GM Motors, Ford and Hyundai predict a near two-year chip constraint…
VW battle with union brews as chip shortage hits workers’ wallets
Volkswagen Group plans to cut nearly all night shifts at its main plant in Germany…
Peugeot’s 2021 sales up 5% worldwide on gains outside of Europe
PARIS — Peugeot’s global sales increased by 5 percent in 2021 to 1,214,851, the Stellantis…