Europe

Volkswagen and Xpeng’s jointly developed electric vehicles will use Xpeng’s G9 ‘Edward’ platform, in a boost for the Chinese startup that analysts said could lift its sales and profitability. Xpeng will also receive so-called technology service revenue from Volkswagen from next year onwards, overturning a four-decade-old model of foreign automakers charging their Chinese partners for

European automakers are concerned about an “invasion” of cheap Chinese electric cars into the region, prompting Renault to say that it was aiming to slash production costs for its electric models by 40 percent. Renault CFO Thierry Pieton said Thursday that the best way to fend off price competition was for the automaker to cut its

BERLIN — Mercedes-Benz forecasts a subdued world economy with monetary policy weighing on consumers but said supply-chain issues and energy-price pressures were easing, as it raised its group earnings outlook for the full year. The automaker said in statements issued on Thursday that inventory was building up as a result of the roll-out of its

Volkswagen Group plans to invest $700 million in Xpeng and jointly develop electric vehicles in China as the German automaker fights to halt a sales slide in its most important market. VW Group will eventually hold a 4.99 percent stake in the Chinese EV maker via a capital increase and is getting an observer board

Stellantis posted better-than-expected earnings in the first half as supply-chain problems eased and higher shipments helped to lift profits.  The automaker on Wednesday reported an adjusted operating income margin of 14.4 percent, beating the 12.2 percent predicted by analysts. Adjusted earnings before interest and tax (EBIT) were 14.1 billion euros ($15.6 billion). The first-half 14.4

Tata Motors reported better-than-expected first-quarter income as supply-chain constraints eased, helping to lift sales of luxury cars. Net income was 32 billion rupees ($391 million) in the three months through June, compared with a loss of 50 billion rupees a year earlier, the Mumbai-based company said in a statement Tuesday. Analyst estimates on average were

Mercedes-Benz will show an “entry segment” concept at the IAA Munich auto show in September, as the premium automaker shifts its strategy toward higher-end models under CEO Ola Kallenius. Mercedes did not offer any details about the concept when it released a silhouette image on Monday. The concept and other Mercedes models will be on

LONDON – Jaguar Land Rover sees the U.S. as key to the future success of the Jaguar brand, which is being reinvented and will relaunch this year with cars that “radically reimagine” the marque’s iconic models such as the E-Type. JLR is overhauling Jaguar by reducing its model range and pushing the brand higher upmarket

Volvo Cars‘ biggest product launch since the XC40 in 2017 is hamstrung by an issue many automakers are grappling with in this age of advanced technology vehicles. Volvo has delayed production of the new electric EX90 crossover to mid-2024 as engineers work to incorporate a key technology into the flagship model’s new platform. On the

Audi’s decision to partner with SAIC Motor to develop electric vehicles marks a turning point in China’s automotive industry from learning from foreign manufacturers to innovating its own technology. The luxury brand said Thursday it reached an agreement with state-owned SAIC in which the two companies will accelerate the electrification of their portfolio as China’s

Fiat Chrysler Automobiles NV lost its renewed bid to block Mahindra & Mahindra from selling the redesigned Roxor off-road vehicle in the U.S. after claiming the Indian automaker copied the design of its Jeep. The Eastern District Court of Michigan on July 19 ruled that Mahindra Automotive North America can keep producing, selling and distributing

BMW is seeing stronger demand for its electric vehicles in Europe than it expected, helping offset a decline in orders in its biggest market China, production chief Milan Nedeljkovic said. “We expected at the start of the year that orders in Europe will decline, but it developed in the opposite way,” Nedeljkovic told reports on

LONDON — Europe’s automobile and parts sector SXAP rose on Friday after China unveiled steps to boost car sales, as it tries to shore up a sluggish economy, while Volvo Cars results also supported the sector. The STOXX 600 car and parts index rose 0.36 percent and was set for a modest weekly gain of

Autoliv reported a big increase in second-quarter adjusted profit on Friday as sales jumped on the back of product launches and higher prices. Adjusted operating profit at the world’s largest airbag and seat belt maker rose over 70 percent to $212 million in the three-months ending June 30, from $124 million in the year-earlier period.

Alfa Romeo will reveal a limited-edition sports car on Aug. 30 inspired by the Stellantis brand’s historic 33 sports-racing models, according to news reports. The high-performance coupe is expected to be powered by a hybrid powertrain consisting of 3.0-liter V-6 engine and electric motors, with a total output of nearly 800 hp. A report in

TOKO — Mazda needs to overhaul its strategy in China, the world’s biggest auto market, where it faces increasingly tough competition from domestic rivals, the automaker’s chief executive said. CEO Masahiro Moro said business conditions for Mazda in China, where it has a joint venture with Chongqing Changan Automobile and China FAW, would become increasingly

Nissan is issuing a recall of about 1.38 million cars globally of models including Note, Kicks, Serena and Leaf. The recall will affect vehicles in U.S., Europe and Japan over several issues, including cars suddenly accelerating after exiting cruise control or a short circuit that would cause motors to stop while driving. No accidents resulting

Several workers at Tesla’s Shanghai plant, its biggest manufacturing hub globally by output, said they had been awarded a large increase in their latest quarterly performance bonuses. The workers said they welcomed the award after the EV maker had cut bonuses for many staff in the previous quarter. Discontent at the plant emerged in April

Almost four years after Elon Musk first unveiled Tesla’s debut pickup, the automaker has built its first Cybertruck at its plant in Austin, Texas. Tesla shared the development Saturday on Musk-owned Twitter, posting a photo of workers in safety vests and helmets obscuring much of the vehicle. When Musk first showed a prototype of the

Renault will reveal the new Scenic E-Tech full-electric compact SUV at the Munich auto show on Sept. 4. The automaker released camouflaged images of the Scenic, which will be its first electric compact SUV, and a sister model to the Megane E-Tech that was launched last year. Renault said camouflaged pre-production cars will be tested

FRANKFURT — Germany’s top union IG Metall called for Tesla to improve staffing conditions at its German gigafactory as it prepares to expand, with the carmaker due to publish its expansion plans for feedback from the community later this week. Tesla’s application to double the capacity of its Gruenheide site near Berlin to 1 million

HONG KONG — Chinese electric vehicle giant BYD forecast strong growth in six-month net profit on Friday, buoyed by robust vehicle sales and increased market share. Net profit for the first six months of the year would rise as much as 225.4 percent to 11.7 billion yuan ($1.64 billion) from 3.6 billion yuan the year before,

ENSTONE, England — The centerpiece of Alpine’s future sports car strategy is its own APP platform, a bonded-aluminum chassis that can accept a variety of battery and electric motor configurations — as well as an internal combustion engine. Alpine, Renault Group’s sports and racing brand, recently revealed that APP (short for Alpine Performance Platform) would

TOKYO – Nissan is likely to invest around 100 billion yen ($725 million) in Renault‘s new electric vehicle unit, the Yomiuri Shimbun newspaper said on Friday, potentially clearing a hurdle in drawn-out talks to reshape their automaking alliance. The Japanese automaker on Thursday settled on the terms for a contract to overhaul its partnership with

TURIN – Jeep is reversing its marketing strategy for the Avenger and will now offer a gasoline variant of the small SUV in all of Europe’s largest markets, adding sales of the gasoline version in Germany, France and the U.K. Stellantis’s offroad brand unveiled its smallest model in October at the Paris auto show as

Ford took the wraps off the Mustang Mach-E Rally, the automaker’s first production-intent off-road electric vehicle at the Goodwood Festival of Speed. Ford said it will open order books for the Mach-E Rally this autumn and offer the vehicle initially in the U.S. and Europe. Ford did not say when deliveries of the Mach-E Rally

Tesla will participate in this year’s IAA Mobility show in Munich,  Automobilwoche, a sister publication of Automotive News Europe reported. Tesla will present its electric vehicles in the open air at Munich’s Königsplatz, AMW said. For the show, which moved from Frankfurt to Munich in 2021, in a bid to attract more visitors, the decision

Porsche Cars North America’s former top executive, Kjell Gruner, is said to be headed to the U.S. electric vehicle upstart Rivian Automotive, sources have told Automotive News. On July 5, Porsche said Gruner was leaving the sports carmaker “at his own request” after less than three years on the job. In his relatively short tenure

BENGALURU — Tesla is discussing an investment proposal with the Indian government to set up a factory with an annual capacity of about half a million electric vehicles, the Times of India reported on Thursday, citing government sources. The company, led by billionaire Elon Musk, is also looking at using India as an export base

LONDON — British retro sports-car maker Caterham plans to launch an all-electric coupe that it hopes will give the company a viable future as looming bans on combustion engine cars threaten its core model, the Caterham Seven. Caterham is showing the Project V three-seat concept at the Goodwood Festival of Speed, alongside an all-electric version