Federico Kochlowski, vice president of operations, will take over as CEO of the Mercedes U.S. assembly plant effective Wednesday. Source: autonews.com … [Read more...]
Musk dismisses Tesla senior executives in fresh job cuts, report says
Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of the new vehicles program, are said to will leave the company immediately. Source: autonews.com … [Read more...]
Stellantis production at three plants hit by strike will restart in early May
The Stellantis sites, in France and the U.K., have been halted since the beginning of last week due to a workers strike at supplier MA France, a division of Italian group, which specializes in stamped metal parts. Source: autonews.com … [Read more...]
Mercedes to stay firm on pricing following Q1 profit drop
Mercedes said model transitions in the top-end segment and supply chain-related costs caused its return on sales to fall to 9.6 percent from 14.9 percent a year earlier, with vehicle sales down 8 percent at 462,978. Source: autonews.com … [Read more...]
Stellantis revenue falls 12% in first quarter on lower shipments
The decline reflects a transition to new models, CFO Natalie Knight said. In Europe, revenue was down 13 percent and shipments fell 6 percent on lower sales of models such as the Peugeot 3008, Fiat 500 and Opel Mokka. Source: autonews.com … [Read more...]
VW Group's first-quarter profit drops 20% on lower volumes, higher costs
The automaker's Porsche brand reported a 14.8 percent operating margin decline on higher model revamp investments and lower demand for premium cars in China. Source: autonews.com … [Read more...]
Lear to acquire Spanish automation supplier to ease labor costs
Lear said the acquisition of WIP Industrial Automation will bolster its artificial intelligence and automation capabilities. Source: autonews.com … [Read more...]
Mercedes says U.S. ended diesel probe without filing charges
The decision is “another important step towards legal certainty in connection with various diesel proceedings,” said Renata Jungo Bruengger, a member of the Mercedes-Benz management board. Source: autonews.com … [Read more...]
EU needs 8 times more charging points per year to meet demand, industry body finds
Industry body ACEA says there are 630,000 public chargers, 150,000 of which were installed last year across the bloc. This is far short of the roughly 410,000 needed annually for the region to reach its target of 3.5 million by 2030. Source: autonews.com … [Read more...]
5 stars of the 2024 Beijing auto show
Nearly every domestic and international brand attended the showcase event of the Chinese auto industry. Here are the hits (and a few misses) of the show, which featured more than 100 premieres. Source: autonews.com … [Read more...]
Why Tesla's Full Self-Driving rollout in China matters
Enabling FSD in China would provide a buffer to Tesla's declining EV sales and allow the automaker to better compete with local rivals in the world's largest auto market where driver assistance and other connected car features are prized. Source: autonews.com … [Read more...]
Why BYD's EV exports sell for twice the China price
Rather than seeking to radically undercut foreign rivals, Chinese automakers aim to generate big profit margins abroad to help them offset the weaker market and intense competition at home. Source: autonews.com … [Read more...]
Musk's China trip pays off for Tesla with key self-driving hurdles cleared, report says
Tesla will partner with Baidu for mapping and navigation functions to deploy what it calls Full-Self Driving, according to people familiar with the matter. Source: autonews.com … [Read more...]
How BYD’s giant China operation drives the automaker's global expansion
BYD's huge resources in China are helping to drive the automaker's expansion into Europe and other global markets, threatening the dominance of established brands such as VW. Source: autonews.com … [Read more...]
Autoliv's Q1 adjusted profit rises more than expected
STOCKHOLM – Autoliv reported a first-quarter adjusted operating profit above expectations on Friday and said it had outperformed global light vehicle production by six basis points. The car safety equipment maker's operating profit adjusted for non-recurring costs grew to $199 million from $131 million a year before. Analysts polled by LSEG had on average forecast a profit of $185 million. Autoliv … [Read more...]
BMW to invest another $2.76 billion in China
BMW said Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker's "unwavering commitment to the Chinese market". Source: autonews.com … [Read more...]
Huawei's smart car tech offers Audi, other automakers route to China sales
Foreign automakers are seeing technology giant Huawei as a potential tech partner for advanced driving assistance systems. Source: autonews.com … [Read more...]
Renault talks to China's Li Auto and Xiaomi on tech collaboration
Renault is looking to industry newcomers Li Auto and Xiaomi for help in developing better EVs and software. Source: autonews.com … [Read more...]
Tesla's plan for affordable cars takes page from Detroit rivals
Tesla has said it will use a current platform and production lines to produce what it called "more affordable" models by early next year. Source: autonews.com … [Read more...]
Bosch technology chief Mathias Pillin to speak at Automotive News Europe Congress
Mathias Pillin, the chief technology officer at Bosch's Mobility unit, will speak at the Automotive News Europe Congress in Frankfurt on June 12. Source: autonews.com … [Read more...]
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