Europe

PARIS — Vincent Piquet has been promoted to CFO of the Renault brand from CFO global sales and marketing, Renault Group said. Piquet, 47, will become a member of Renault’s management board and report to CEO Luca de Meo as well as group CFO Thierry Pieton. He starts in his new position on April 1.
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MILAN — Stellantis will build new full-electric flagship models for the DS and Opel/Vauxhall brands starting in 2024, according to documents seen by Automotive News Europe, as the group reshuffles model allocations for its European factories. The models will be built in Melfi, southern Italy. Production is set to start by late 2024 for the
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PARIS — Renault said it would suspend operations at its plant in Moscow while it assesses options on its majority stake in AvtoVAZ, the country’s No. 1 automaker. In response to the pullback from its second-biggest market, Renault revised downward its financial outlook for this year both for profit margin and free-cash flow.  The company
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The automotive industry is certainly no stranger to navigating supply-chain risk and unforeseen disruption. Years of trusted partnerships and collaboration along the entire supply chain have led to principles such as just-in-time manufacturing, designed to reduce supply chain cost and improve productivity and response time. Another joint initiative came in the wake of the COVID-19
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MILAN — Maserati unveiled the Grecale midsize SUV, the Stellantis brand’s rival to the Porsche Macan and BMW X3. The Grecale, Maserati’s second SUV after the larger Levante, will arrive in European dealerships in the third quarter and in the U.S. by the end of the year. It will be available with a regular gasoline
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FRANKFURT — Managers at Porsche travelled to the United States late last year to discuss possible joint projects with iPhone maker Apple as well as with some other tech companies, the sports-car maker’s CEO said. “We already have Apple CarPlay, we will expand on that,” Oliver Blume said during a video conference on the automaker’s
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BERLIN — Volkswagen has a high sales goal for its retro-styled ID Buzz battery-electric van. “We want to sell around 120,000 units a year,” Volkswagen Passenger Cars CEO Ralf Brandstaetter said during a livestream of the company’s fiscal and product outlook for 2022 and beyond. The ID Buzz is the “most emotional ” member of
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FRANKFURT — Porsche, which parent Volkswagen Group could float in a partial stock market listing later this year, set out a more ambitious sales target for electric vehicles. More than 80 percent of newly sold Porsche vehicles will be fully electric in 2030, Porsche CEO Oliver Blume said at the group’s annual press conference on
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TURIN – Maserati will sell only full-electric cars from 2030 and will launch its last two new models with internal combustion engine variants in 2023. CEO Davide Grasso said the Stellantis luxury brand will electrify faster than it had originally planned because of changing consumer tastes. “We are seeing a strong acceleration in demand coming
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BERLIN — Audi will expand its EV lineup with a spacious battery-electric station wagon based on the PPE platform it is developing with Porsche. Audi previewed the wagon by unveiling the near-production A6 Avant e-tron concept at its annual media conference on Thursday. The production version of the 5000-mm long (197 inches) concept will offer
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BERLIN — BMW Group said it would resume full production next week at factories that were halted or slowed by supply bottlenecks after Russia’s invasion of Ukraine. Earlier this month, output was paused at factories in Munich and Dingolfing, Germany, and Oxford, England. BMW said last week that it would begin to restart the factories, and
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TUSCALOOSA, Ala. — Mercedes-Benz won’t cut spending on future electric vehicles even as it copes with supply-chain cost pressures exacerbated by the Russia-Ukraine conflict, the German automaker’s CEO said Tuesday. Ola Källenius, speaking during the company’s opening of its first U.S. EV battery factory, also affirmed the company’s 2022 financial outlook remained in place despite
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British car distributor Inchcape said it had started transitioning its Russian business after noting ownership interests in the country were “no longer tenable” amid Western sanctions on Moscow following its invasion of Ukraine. Inchcape’s retail-only business in Russia accounted for about 10 percent of the group’s revenue in 2021 after it sold operations in St.
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