Europe

EU says U.S. plan for EV tax breaks discriminatory

BRUSSELS -- The European Union stated it was "deeply involved" about proposed tax credit for purchases of electrical automobiles within…

1 month ago

China’s July vehicle sales jump 30% as COVID curbs ease

SHANGHAI -- China's auto gross sales surged 30 % in July from a yr earlier to 2.42 million models, extending…

1 month ago

Nikola names Michael Lohscheller as next CEO

Nikola Corp. mentioned Michael Lohscheller will take over because the electric-truck maker's CEO when Mark Russell retires on Jan. 1.…

1 month ago

VW’s new CEO plans to downsize the management board, report says

HAMBURG -- Volkswagen Group's incoming CEO Oliver Blume goals to shrink the scale of the group's administration board as one…

1 month ago

Burning cash, commercial EV startups race to deliver vehicles

NUNEATON, England -- A handful of economic electrical automobile startups are burning by means of money quick, racing to carry…

1 month ago

Great Wall partners with Emil Frey to distribute Wey, Ora brands

China's Nice Wall, one of many nation's six largest automakers, has entered a strategic partnership with Europe's largest automotive supplier…

1 month ago

Baidu CEO: EV unit Jidu’s autonomous driving tech will be jump ahead of Tesla

BEIJING -- Baidu's electrical automobile unit, Jidu Auto, might be one-generation forward of Tesla by way of autonomous driving applied…

1 month ago

Germany auto industry would suffer in trade war with China

BERLIN -- Germany would face prices virtually six instances as excessive as Brexit if it and the European Union have…

1 month ago

Aurora will prioritize autonomous trucking over robotaxis

Self-driving tech startup Aurora Innovation is working with a number of companions, together with Toyota, Paccar's Peterbilt model and Volvo…

1 month ago

Porsche said to court Gulf sovereign funds for landmark IPO

Porsche is attempting to safe anchor investments from a few of the largest Center Japanese sovereign wealth funds, because the…

1 month ago

Car dealer Pendragon says buyout talks terminated

Automotive seller Pendragon mentioned on Friday talks over a possible takeover of the corporate had been terminated after the bidder…

1 month ago

EV startup Arrival will delay bus and car project trials to cut costs, report says

British electrical automobile start-up Arrival is delaying trials of its bus and automobile initiatives to chop prices and give attention…

1 month ago

Chipmakers have a message for automakers: Your turn to pay

The shortages of pc chips that compelled world automakers to scrap manufacturing plans for hundreds of thousands of automobiles over…

1 month ago

Tesla aims for 2 million-unit run rate by end of 2022, Musk says

Tesla CEO Elon Musk instructed shareholders that the EV maker may have an annual run price of two million automobiles…

1 month ago

AvtoVAZ shuffles production amid Ukraine sanctions

MOSCOW -- Russian carmaker AvtoVAZ stated on Thursday it could transfer manufacturing of the Lada Vesta small automobile to its…

1 month ago

German sales plunge 13% in July on supply chain woes

German passenger automobile gross sales fell 13 % in July as automakers had been unable to maintain up with demand…

1 month ago

Volvo leaves door open for ACEA collaboration

Volvo Automobiles' CEO Jim Rowan has left some wiggle room for his firm to maintain working with Europe's largest automotive…

1 month ago

Volvo eyes 10% EV share despite big July setback

Volvo Vehicles took a step backward final month on its quest to achieve a key gross sales milestone for its…

1 month ago

VW agrees to buy $4 billion worth of lidar components from Israel’s Innoviz

Israel's Innoviz Applied sciences mentioned it is going to provide {hardware} and software program to Volkswagen Group's Cariad unit in…

1 month ago

Lamborghini has record first half; prepares for Europe’s energy crunch

Rich sports activities automobile fanatics powered Italian supercar model Lamborghini to document first-half deliveries and profitability, however CEO Stephan Winkelmann…

1 month ago

Plastic Omnium to buy Hella’s stake in front-end module venture

PARIS -- Plastic Omnium will purchase Hella’s 33 p.c stake within the HBPO three way partnership, which makes front-end modules,…

1 month ago

French sales fall 7% in July as decline continues to slow

PARIS -- French new-car registrations fell by 7.1 p.c in July as the speed of decline continued to sluggish. Fiat,…

1 month ago

VW expects restocking commodities will cost more as production rebounds

Volkswagen Group is bracing to pay larger costs for commodities as bettering provide of semiconductors permits the automakers to extend…

1 month ago

German EV maker e.GO to go public via Athena SPAC

Subsequent.e.GO Cell, a German maker of compact electrical automobiles, goes public by means of a merger with a blank-check agency…

1 month ago

Alfa Romeo will develop a large car in the U.S.

MILAN -- Italy's Alfa Romeo will work on a brand new large-size automotive in america to be launched in 2027,…

1 month ago

Aston Martin sees its finances improving as supply chain problems ease

Aston Martin expects its funds to enhance within the second half of 2022 after burning by means of tens of…

1 month ago

Jeep’s China partner blasts Stellantis CEO as joint venture crumbles

Stellantis' state-owned Chinese language associate accused the European firm of disrespecting prospects on the planet’s greatest auto market in an…

1 month ago

Porsche advances plans to enter Formula 1 with Red Bull

As Porsche finalizes its plan to enter Components One racing, leaked paperwork element the sports-car maker's plan to purchase half…

1 month ago

Plug-in hybrid sales fall as demand rises for full EVs

Gross sales of plug-in hybrid automobiles are faltering in Europe, which has been their most vital market up to now,…

1 month ago

Toyota increases overseas car production as output slumps in Japan

TOKYO – Toyota is growing abroad manufacturing to offset decrease output at house in Japan. From January to June, the…

2 months ago