https://www.autonews.com/news/anc-retail-forum-romano/2024-11-09T23:26:17.757Zalways0.5Automotive … [Read more...]
https://www.autonews.com/news/anc-retail-forum-romano/2024-11-09T23:26:17.757Zalways0.5Automotive … [Read more...]
Stellantis will launch by 2026 a demonstration fleet of vehicles fitted with solid-state batteries from U.S. startup Factorial, the two companies said. The test fleet is a step toward potential commercialization of a technology that is aimed at improving EV performance. Solid-state batteries are expected to reduce fire risk and allow for lighter, lower-cost cars that can travel further on a single … [Read more...]
Chinese automakers could more than double their overseas full-process manufacturing capacity to beat punitive import tariffs and meet surging demand in emerging markets, according to Bloomberg. Exports and knockdown assembly — where key parts of cars are made in China then shipped overseas for assembly — have traditionally been Chinese automakers’ preferred approach to tapping foreign markets. But … [Read more...]
European Union member states have approved import duties on Chinese-made EVs of up to 45 percent. The tariffs are meant to counter what the European Commission says are unfair subsidies from Beijing to Chinese manufacturers. Beijing denies unfair competition and has threatened countermeasures. For BYD this means a 17 percent tariff on top of an existing duty of 10 percent. The higher import duties … [Read more...]
Donald Trump touted his pledge to provide tax breaks for purchasing cars, highlighting that the benefit would only apply to vehicles made in the U.S. as he rallied voters in a crucial swing state with just two weeks until the presidential election. “I do not want it to benefit other countries. I want it to benefit us,” Trump said Oct. 22 at a rally in Greensboro, North Carolina. “Deductibility of … [Read more...]
Volvo Car lowered its expectations for retail sales this year due to a growing weakness in the automotive market. The automaker will focus on protecting margins instead of pushing volumes and therefore sees unit sales growing at as much as 8 percent this year, from an earlier forecast of as much as 15 percent, it said on Oct. 23. “Industry demand continues to soften and is now affecting the … [Read more...]
Volkswagen's China chief marketing officer, Jochen Sengpiehl, has been deported to Germany after failing a drugs test, German media reports said. Sengpiehl tested positive for drugs after a vacation in Thailand, the reports said. The news comes as VW has been struggling with weak demand for its core passenger car brand and competition from China. VW's deliveries to China, its biggest market, fell … [Read more...]
China exported more than 60,000 electric vehicles to the European Union in September, with shipments jumping to the second-highest level on record ahead of additional tariffs expected to take effect at the end of this month. Automakers from Asia’s biggest economy shipped 60,517 EVs to the 27 nations in the European trade bloc last month, up 61 percent from last year, according to customs data. The … [Read more...]
The factory, which would make computer chips used in EVs, has already faced funding problems and in June Wolfspeed said it had delayed plans to build the plan. Source: autonews.com … [Read more...]
Volkswagen Group's U.K. financial services unit has been fined 5.4 million pounds ($7 million) by a British regulator for unfairly treating financially stretched customers between 2017 and 2023. Volkswagen Financial Services (UK) Limited also agreed to pay over 21.5 million pounds ($28 million) in redress to around 110,000 customers who may have suffered harm because of its failings. VW took cars … [Read more...]
Car sales in Europe fell in September for the first consecutive monthly decline in more than two years as the region’s economy continued to stagnate and consumers trimmed spending. New-car registrations in the EU, EFTA and U.K markets fell 4.2 percent compared to a year ago, to 1.12 million units, the industry body ACEA said in a statement on Oct. 22. Gains in electric-vehicle sales were not … [Read more...]
China’s carmakers have been known to push the envelope when it comes to dreaming up new functions to attract buyers. There’s in-car karaoke, steering wheels that turn into gaming consoles and seats that recline into comfy lie-flat beds. But a fresh feature from Zhejiang Geely Holding Group Co.’s premium EV brand Zeekr has Chinese social media users wondering if these designs have gone a step too … [Read more...]
Hollywood filmmaker Alcon Entertainment is suing Elon Musk, saying Tesla Inc. used imagery inspired by the 2017 movie Blade Runner 2049 at a recent event even after permission was denied. The production company, which has also financed and produced films such as The Blind Side, filed a lawsuit accusing Musk of copyright infringement, saying it specifically declined to grant permission to use the … [Read more...]
AUSTIN, Texas — Car enthusiasts anticipating the November launch of Volkswagen's all-electric ID Buzz van in the U.S. might be surprised to learn 15 have already been on the road here for more than a year. The automaker's self-driving subsidiary uses the ID Buzz in its autonomous test fleet in Austin, where it plans to offer commercial service by the end of 2026. The ID Buzz, a three-row van that … [Read more...]
Forvia said it underperformed the local automotive production in China due to “customer mix evolution and start of productions delayed from 2024 to 2025.” Source: autonews.com … [Read more...]
The EU's five biggest members spend €42 billion ($45.60 billion) annually subsidizing fossil-fuel company cars, according to a study commissioned by environmental group Transport & Environment (T&E), which called for more subsidies for EVs instead. Company cars make up around 60 percent of new car sales in Europe. Italy provides €16 billion in subsidies for fossil-fuel company cars, … [Read more...]
The Tesla Model Y will be Europe's best-seller in September, giving the midsize SUV the top spot in monthly sales for the second time this year and ending a three-month winning streak for the Dacia Sandero. It's a big change for Tesla, which typically has weak sales in the first month of a quarter, but the EV maker's midsize SUV is on track to outsell its closest competitors by nearly 8,000 … [Read more...]
Tesla, Volvo and Skoda gained from rising EV sales; Mercedes and Ford slid as demand cooled for their electric models; three Chinese automakers made big jumps; and there were more sales losers than sales winners in a month when overall volume fell 4.4 percent. Those were some of the key takeaways from the September figures from market researcher Dataforce. Skoda added more than 11,000 sales to its … [Read more...]
Europe's midsize segment was continuing its long downward spiral at this time last year, with overall sales down 24 percent to under 135,000. Fast forward to this year and the segment is on the rise because of the introduction of a wave of full-electric models that include the Volkswagen ID7, the Seal U from Chinese automaker BYD and the introduction of the Tesla Model 3 to the segment. The Model … [Read more...]
Rivian is locked in a legal fight with the world’s largest automotive supplier over motors in the R1T pickup and R1S SUV as the electric vehicle maker grapples with ongoing production issues. Bosch claims Rivian refused to pay $204 million in reimbursements after the automaker axed its e-motor supply deal, brought production in-house and left the supplier with stranded capital and a big hole … [Read more...]