Europe

TURIN — Stellantis has halted production at its van factory in Russia because it has run out of parts, the head of the automaker’s European light-commercial vehicle unit, Eric Laforge, told Automotive News Europe. Stellantis said earlier that it was suspending imports and exports of vehicles from Russia, following the invasion of Ukraine in February. The group
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South Korean battery makers could raise prices by 30 percent to 40 percent to offset high commodity costs and they are in talks with electric vehicle makers over new long-term contracts, according to SNE Research. “We had a meeting with Korean cell makers recently that led us to adjust the outlook for prices of electric-car
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American Axle & Manufacturing Holdings is acquiring Tekfor Group in a deal valued at more than $135 million as the U.S. automotive supplier expands its electrification portfolio. American Axle’s purchase of the Hausach, Germany-based company, announced Monday, comes with 2,100 employees across eight plants in Europe and America. The deal is subject to regulatory approvals
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DeLorean Motor said it plans to unveil its new electric DeLorean on Aug. 18 at the Awards Ramp at the Pebble Beach Concours d ‘Elegance. The company this week released a teaser image of the concept car, showing back taillight and left shoulder of the vehicle. The prototype will be revealed three days before moving
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BERLIN — Germany’s Sono Motors has signed up a new partner for its partly solar-powered cars and is sticking to its goal of commercial production in 2023, after abandoning talks with the electric carmaking arm of indebted Chinese property developer Evergrande. Sono said on Tuesday it will produce its first vehicles in Finland with supplier
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BERLIN — Germany’s Sono Motors has signed up a new partner for its partly solar-powered cars and is sticking to its goal of commercial production in 2023, after abandoning talks with the electric carmaking arm of indebted Chinese property developer Evergrande. Sono said on Tuesday it will produce its first vehicles in Finland with supplier
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Swedish electric-car maker Polestar has inked a deal with rental giant Hertz to supply up to 65,000 battery-powered vehicles. The five-year global deal should represent more than $3 billion of potential revenue for the EV startup, a source told Automotive News. While car rental companies typically demand significant discounts from automakers, Hertz is said to
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Toyota reaffirmed its commitment to the UK after a newspaper reported it may halt making cars in the country because of government plans to shift more rapidly to fully electric vehicles. The Japanese automaker said it’s ready to sell only zero-emission cars and reiterated its view that hybrids have a role to play in the
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Toyota may stop manufacturing in the UK because of a government policy that mandates a rapid switch to full-electric vehicles, The Times newspaper reported. The company told Transport Secretary Grant Shapps about its concerns for the plan’s transition phase, which bans new gasoline and diesel cars starting in 2030. Toyota’s UK arm makes the Corolla
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German automakers lost about 150,000 vehicles from their March production plans because of supply shortages stemming from the war in Ukraine, according to an LMC Automotive estimate. The German operations of Volkswagen, Mercedes-Benz and BMW have been among the manufacturers most heavily impacted by the war, which has sent shock waves through the European supply
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BERLIN — Former Porsche executive Klaus Zellmer will be the next CEO of Skoda, press reports said. Zellmer, who is currently VW brand’s sales chief, will take up the role on July 1, according to the reports. Zellmer became VW brand’s head of sales and marketing in 2020 after a 23-year career at Porsche including
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Panasonic will invest 600 billion yen ($4.9 billion) in automotive batteries, supply chain software and other areas the company sees as core to its growth. The supplier will invest 400 billion yen in growth segments including electric-vehicle cells, and another 200 billion yen in technology such as hydrogen devices over three years through fiscal 2024,
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