SAIC has hired former VW and BMW designer Jozef Kaban to shake up design at its MG brand. Source: autonews.com … [Read more...]
XPeng touts 'super fast' software, AI upgrades as it mulls Europe output
XPeng's exports could grow to around 10 percent of its sales this year from about 1 to 2 percent last year as the automaker pushes into new markets including France, Italy and the U.K. Source: autonews.com … [Read more...]
VinFast chief plans to invest $1B more from his fortune in EV maker
Pham Nhat Vuong and Vingroup have already poured $11.4 billion into the company as of the end of last year. Source: autonews.com … [Read more...]
Three Stellantis European plants halted due to strike at supplier
Production at three Stellantis assembly plants in Europe has been stopped for several days due to a strike at a plant run by contractor MA France. "Three sites have seen a production halt since the start of the week," a Stellantis spokesperson said on Thursday. Two of the plants are in France at Poissy and Hordain, and the third is in Luton, England. MA France, a division of Italian group CLN, … [Read more...]
Continental fined $107M over role in diesel-emissions scam
German prosecutors issued the fine over the company’s participation in the scam via selling more than 12 million engine control units that automakers, including Volkswagen Group, used to manipulate emissions. Source: autonews.com … [Read more...]
Toyota hits record annual output, sales on robust demand
For the year ended March, Toyota said its global sales rose 7.3 percent to 10.31 million units, while its output came to 9.97 million units, up 9.2 percent. Source: autonews.com … [Read more...]
Nissan EVs go bold with diagonal front lighting at Beijing auto show
Nissan has shown a creative and bold front lighting design in a clutch of electrified concept vehicles that were unveiled at the Beijing auto show, which point toward a future design language. Source: autonews.com … [Read more...]
BYD aims to redefine luxury for EV era
Denza's success is central to BYD's goal of being a global major rivaling longtime leaders such as Toyota and VW with a stable of brands at different price points, shedding its image as a low-cost automaker. Source: autonews.com … [Read more...]
Hyundai's quarterly profit hit by weak domestic sales
Hyundai reported a net profit of 3.2 trillion won ($2.32 billion) for January-March, down from 3.3 trillion won a year earlier. Source: autonews.com … [Read more...]
Lamborghini adds 800-hp PHEV drivetrain to Urus
The four-wheel-drive Urus SE plug-in hybrid is the most powerful version of the ultraluxury SUV. Source: autonews.com … [Read more...]
VW to launch youth-focused EV brand for China
The ID.UX subbrand is the automaker's bid to recapture market share lost to local rivals such as BYD. VW also showed the ID Code SUV concept ahead of the Beijing auto show. Source: autonews.com … [Read more...]
Mini touts creative use of space for electric-only Aceman small crossover
Positioned between the Cooper small hatchback and Countryman small SUV, the Aceman initially will be built only in China. Source: autonews.com … [Read more...]
VW seeks to maintain 15% share in China as domestic rivals gain strength
VW is betting on investments in a new Chinese research hub, and partnerships with Chinese EV makers and suppliers to develop more affordable EVs, more quickly. Source: autonews.com … [Read more...]
Ford says it is ready for EV slowdown as it boosts electric van output in Turkey
Ford’s joint venture in Turkey – Ford Otosan – has started production of the electric version of its Transit Custom, which joins the larger electric e-Transit built on the same site. Source: autonews.com … [Read more...]
Opel's new flagship Grandland SUV offers more space, EV option
Opel says the second-generation Grandland, which is longer than the current model and adds an electric variant, will help it win new customers. Source: autonews.com … [Read more...]
Volvo sees good demand this year after higher Q1 vehicle sales
However, EBIT for the first quarter fell to 4.7 billion Swedish crowns ($434.78 million) from 5.1 billion a year ago on lower revenue and losses at its Polestar business. Source: autonews.com … [Read more...]
Seating supplier Adient plans European job cuts as part of restructuring plan
Adient is cutting jobs in Europe and transferring other roles to countries with lower labor costs, becoming the latest parts maker to eliminate positions in the region. Source: autonews.com … [Read more...]
Tesla says it will accelerate new products after Q1 income drops 55%
Tesla said the new vehicles, including more affordable models, will use aspects of its next generation platform as well as aspects of our current platforms. Source: autonews.com … [Read more...]
Fisker appoints chief restructuring officer after missing payment to noteholder
Fisker said in its 2023 annual report that it may have to file for bankruptcy protection within 30 days if it does not get relief from its creditors. A forbearance agreement with one noteholder expires May 1. Source: autonews.com … [Read more...]
Tesla targets 400 job cuts in Germany amid weak EV market
Tesla said the currently weakening market for electric cars is presenting the company with challenges. Source: autonews.com … [Read more...]
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