Europe

LONDON — BMW has invested in Jetti Resources, which has technology to extract more copper from low-grade resources and produce metal with a low carbon footprint, the automaker said in a statement. BMW and other automakers are forging deals to ensure supply of copper and other critical raw materials that may see shortages in coming
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MUNICH — BMW Group has begun production of an early-stage hydrogen-powered crossover — a milestone in the automaker’s diversified powertrain strategy. A test fleet of BMW iX5 Hydrogen vehicles, based on the X5 crossover, will hit the road early next year as the automaker aims to commercialize the technology by decade’s end. BMW is one
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Robert Bosch said four of its factories in China — three of which make components for vehicles — are operating under closed-loop conditions as the country adheres to its strategy of limiting virus transmission. Auto parts sites in Chongqing, Chengdu and Jinan, plus an industrial technologies plant in Beijing, have entered closed-loop systems, Bosch said,
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Volkswagen Group’s Skoda brand will launch three new electric models by 2026, four years earlier than originally planned, its boss told Handelsblatt business daily. The Czech carmaker will spend the vast majority of its planned investment on these new models, Skoda CEO Klaus Zellmer added. This would bring the proportion of electric models in its
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Investment in German and EU industrial projects such as battery-cell factories will be unfeasible if the region’s policy makers fail to control ballooning energy prices in the long-term, the head of Volkswagen Group’s namesake brand, Thomas Schäfer, said. “Unless we manage to reduce energy prices in Germany and Europe quickly and reliably, investments in energy-intensive
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Jaguar Land Rover is reducing vehicle output in the UK through March, as the automaker prioritizes making higher-margin models because of semiconductor shortages, according to a person familiar with the matter. The money losing automaker, owned by India’s Tata Motors, will cut production of the Range Rover Velar and Jaguar F-Pace models that are made
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The UK is at risk of falling behind in the shift away from the combustion engine toward electric cars and could end up as a minor player in automaking. This week, mostly UK-based electric-van startup Arrival announced its CEO and president were stepping down. Last week, the CEO of Britain’s biggest automaker Jaguar Land Rover,
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BMW is doubling its investment at its Hungarian factory to 2 billion euros ($2.1 billion), adding a high-voltage battery assembly facility that will create more than 500 jobs. Locating the battery assembly at the Debrecen plant will help BMW streamline logistics for production of its next generation electric cars that will use the “Neue Klasse”
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Stellantis said it would reorganize its European dealers’ network in July next year, starting in Austria, Belgium, Luxembourg and the Netherlands. “The rest of Europe will progressively follow in the implementation of the new distribution scheme,” Stellantis said on Thursday. As part of its efforts to cut costs and support investment for electrification, Stellantis last
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BERLIN — Volkswagen Group brands have halted all paid activities on Twitter until further notice, a spokesperson for the automaker said. Earlier this month, VW Group, which owns Audi together with the VW, Seat, Cupra, Lamborghini and Bentley brands, said it had recommended the brands pause paid advertising on Twitter until further notice following Elon
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Continental has promoted Aruna Anand to CEO of the company’s automotive group sector in North America as it aims to adapt to a changing industry. Anand, 49, takes over for Robert Lee, who left the company in May to be president and chief strategy officer for battery maker LG Energy Solution North America. Effective Dec.
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Amazon.com. emerged as a potential savior for Argo AI, the now-defunct startup backed by two of the world’s biggest automakers, before the deal fell apart because of a sputtering economy, concerns about control and flagging faith in fully autonomous driving. The online retailer was prepared to invest several hundred million dollars into Argo last spring,
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Just as “Black Panther” marketing reaches a crescendo, the brand hype has started for the year’s next mega-blockbuster, “Avatar.” Mercedes-Benz debuted a co-promotional campaign with the sci-fi sequel, called “Avatar: The Way of Water,” which hits theaters Dec. 16. The effort, created in partnership with Avatar’s movie studio 20th Century Studios, will run globally and
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Volkswagen has set up accounts on fast-growing Twitter alternative Mastodon amid questions over the future of the social network under Elon Musk. VW confirmed it created the handles @VWGroup and @Cariad_Tech on Mastodon for communications related to its group and software unit, respectively. “Mastodon is an attractive platform that we would like to try out,”
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LOS ANGELES — Fulfilling the decades-old desire of Volkswagen’s U.S. dealers to have a pickup to sell is now in the hands of a 53-year-old native Argentinian. After running the automaker’s North America operations for just over two months, he believes that desire is valid. But getting from “we want” to “we have” may prove
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