Europe

Mercedes-Benz and auto supplier Robert Bosch agreed to pay about $6 million to resolve Arizona’s lawsuit over diesel advertising claims, the state said on Friday. Under the proposed settlement, Mercedes will pay $2.8 million in consumer restitution, and each qualifying Arizona consumer will receive up to $625 per vehicle, Arizona Attorney General Mark Brnovich said.

TOKYO — The troubled, ever-evolving Tokyo auto show will be rechristened the Japan Mobility Show when it returns in 2023 under a bigger tent that aims to include everything from motorcycles to startups and an array of new participants under an “all-industry” banner. Organizers hope the reboot rekindles international interest in Asia’s erstwhile premier auto

Thierry Bollore’s two-year stint as CEO of Jaguar Land Rover was memorable for failing to generate a single profitable quarter during a period when rival luxury automakers were posting record margins. However, the Frenchman’s turnround at the troubled UK automaker was on the cusp of generating positive results, even as global events conspired against him.

MILAN — Stellantis has agreed to buy aiMotive, a developer of advanced artificial intelligence and autonomous driving software, to advance its technology development efforts, the company said in a statement. No financial details of the transaction have been disclosed. The acquisition enhances Stellantis’ artificial intelligence and autonomous driving core technology, expands its global talent pool,

Jaguar Land Rover CEO Thierry Bollore is leaving the automaker just two years after he took on the role. Bollore, 59, will step down effective Dec. 31, JLR parent Tata Motors said on Wednesday, citing personal reasons for his departure. Adrian Mardell, currently JLR’s head of finance, will take over as interim CEO. Mardell has

Rimac said its $2.1 million Nevera is the world’s fastest all-electric production car. The two-seat hypercar reached a top speed of 258 mph (412 kph) on Oct. 23 on the ATP Automotive Testing track in Papenburg, Germany, Rimac said in a statement. Rimac’s effort is an exciting turn in the world of electric cars that

MILAN – Raw materials price inflation has hit battery-electric vehicles harder than internal combustion cars, according to a recent report, pushing back cost parity between the two powertrains as Europe tries to cut carbon emissions. The report, from AlixPartners, found that material costs for EVs were $5,076 per vehicle in September, an increase of $2,152

TOKYO — Nothing is blocking discussions between Nissan and Renault over the future of their alliance and the two companies will have “important talks” on Tuesday and Wednesday, the French automaker’s chairman said in Tokyo. Speaking at an event on Tuesday, Renault Chairman Jean-Dominique Senard touted the Franco-Japanese alliance, which has been discussing ways to

After repeated delays, the European Commission last week released its proposed Euro 7 pollution rules, succeeding Euro 6, which came into force in 2014. This is significant because they will most likely be the final internal-combustion engine regulations enacted in Europe, with the EU requiring the sales of only zero-emission vehicles after 2035. Automakers had

STOCKHOLM — A key to helping Volvo Cars’ EVs achieve price parity with comparable combustion-powered models will be an affordable small SUV the automaker plans to reveal in 2023. Volvo showed a teaser image of the vehicle at the end of its introduction of the new EX90 flagship electric large SUV here Wednesday. The EV

PARIS — Renault is targeting even bigger margins for Dacia, its “value for money” Romanian brand that has been a profit engine for the group. Dacia margins are now 10 percent, CEO Luca de Meo said Tuesday in his “Revolution” strategic plan update, and the brand will reach 15 percent by 2030. That level is

WASHINGTON — European Union Ambassador Stavros Lambrinidis said he was very hopeful that negotiations with the United States could result in elimination of discriminatory provisions in the U.S. Inflation Reduction Act. Lambrinidis told an event hosted by the U.S. Chamber of Commerce on Thursday that EU officials were working with U.S. officials in a special

LONDON — Jaguar Land Rover will resume marketing spending after production levels for key models started to return to normal. The automaker had reduced its marketing spending in recent months as it struggled to fulfil orders for in-demand models such the new Range Rover, Range Rover Sport and Land Rover Defender due to chip shortages

LONDON — MG Motor has merged its UK business with its mainland European sales operations as the Chinese-owned company continues its rapid sales expansion in the region. MG had originally separated its longer-standing UK business, which offers both combustion engine and electric models, with that of its continental European business, which focuses on all-electric cars

Polestar posted a smaller third-quarter operating loss as revenue more than doubled and the company cut spending, but the electric-vehicle maker warned that higher raw material costs would start to hurt later in the year. The Swedish automaker posted an operating loss of $196.4 million, down from $292.9 million a year ago, while revenue rose

STOCKHOLM — A key to helping Volvo Cars’ EVs achieve price parity with comparable combustion-powered models will be an affordable small SUV the automaker plans to reveal in 2023. Volvo showed a teaser image of the vehicle at the end of its introduction of the new EX90 flagship electric large SUV here Wednesday. The EV

MOSCOW — Russian automaker Sollers will buy out Mazda 50 percent stake in their joint venture car assembly plant in Vladivostok, Sollers said. In a results statement on Thursday, Mazda said the deal would be worth one euro, bringing it the right to buy the asset back for the same amount within three years. Mazda,

Tata Motors said it expects profit and cash flow to bounce back in the second half thanks to healthy demand for its Jaguar Land Rover cars and a drop in domestic steel costs. The company reported a consolidated net loss of 9.45 billion rupees ($115.95 million) for the second quarter ended Sept. 30, compared with

BERLIN — The German government on Wednesday blocked prospective Chinese investment in two domestic semiconductor producers after the moves raised concerns over national security and the flow of sensitive technological know-how to Beijing. The government said it had vetoed the takeover of the chip factory of the Dortmund-based company Elmos by Silex, a Swedish company

German prosecutors are investigating a cyberattack on Continental, Handelsblatt newspaper reported, citing a spokesperson who declined to go into further details. Continental had said on Monday that a cyberattack it reported in August had resulted in some data being stolen from the company. Handelsblatt reported on Monday that 40 terabyte of data had been stolen

Electric-vehicle startup Arrival warned on Tuesday that it may not have enough cash to keep its business going toward the end of next year. The company said it has been exploring options to tackle the fund crunch and hinted at cost-cuts that could have a sizeable impact on its workforce in the UK. Arrival’s move

FRANKFURT — Mercedes-Benz CEO Ola Kallenius spoke out against distancing from China, saying it was “absolutely inconceivable” to write off the country. The comments came days after German Chancellor Olaf Scholz led a delegation of business leaders to China, urging German companies to diversify should the relationship between the two countries sour. Kallenius said he

BEIJING — Farizon, an electric truck brand owned by China’s Geely, seeks to expand beyond China with a light cargo van planned for Europe as early as 2024. The brand’s first step in a global expansion plan will be to enter the European market with an all-electric version of a light cargo truck called the

Renault is aiming for a roughly 10 billion euro ($10 billion) valuation for the electric-vehicle business the French automaker is carving out as a stand-alone entity, according to a person familiar with the matter. The company is preparing the EV and software entity for a potential initial public offering on the Euronext Paris exchange sometime

The father and son sentenced to serve time in a Japanese prison for smuggling Carlos Ghosn out of the country in a large musical-equipment case were transferred to the U.S. a week ago, ending another chapter of the corporate saga involving the former chairman of Renault and Nissan. Michael Taylor, the father and a former

TOKYO — Nissan’s talks with alliance partner Renault are focused on optimizing their investment in electric vehicles and strengthening their competitiveness as equal partners, Makoto Uchida, the Japanese automaker’s CEO, said. Negotiations with Renault, also Nissan’s top shareholder, have less than two weeks remaining to meet a Nov. 15 target the automakers had set to

Stellantis has joined BMW in warning that Europe is struggling to cope with surging costs. As a result,  consumers in the region are starting to dial back car purchases. The comments come as German factory orders continued to decline in September, adding to concerns that Europe’s largest economy is slipping into recession as it struggles

The image arrived in Susan Swenson‘s inbox on a Wednesday evening. Her corporate headshot had been crudely crossed out in digital red ink, and the word “Kill” was written in the bottom left corner. In the hours that followed, some of her colleagues received similar threats, including messages that referenced the recent assassination of former

The UK auto market is on course to face its toughest year since 1982 as the country reels from a cost-of-living squeeze and surging inflation, together with the impact of persisting chip shortages across the globe, the Society of Motor Manufacturers and Traders (SMMT) said. The warning came as the group released monthly data showing

FRANKFURT — New-car sales rose in Germany 17 percent in October as supply issues eased and registrations of electric cars continued to grow. Registrations rose to 208,642, according to data from the KBA motor transport authority published on Thursday. Sales of full-electric vehicles increased 17 percent for a 17.1 percent market share. Diesel vehicle sales