Volvo sales rose 27 percent in April to 65,838 cars, boosted by demand for EVs, which accounted for 26 percent of all sales globally in the month. Source: autonews.com … [Read more...]
Magna Steyr to cut 500 jobs as output of Fisker, BMW, Jaguar models are phased out
Production has halted or will come to an end on a slew of models this year, including Fisker’s Ocean SUV, BMW’s 5 Series and the Jaguar E-Pace and I-Pace. Source: autonews.com … [Read more...]
France sets new targets for EV sales amid growing Chinese competition
A pact between the government, French business groups and unions aims for a fourfold increase in the sale of BEVs to 800,000 a year in 2027. Source: autonews.com … [Read more...]
EU warns BYD, Geely, SAIC over insufficient information in anti-subsidy probe, report says
The China Chamber of Commerce to the EU said the reported allegations of non-cooperation were unfounded and that the companies had participated in multiple rounds of questionnaires and facilitated on-site inspections. Source: autonews.com … [Read more...]
Rivian taps Volvo executive as COO ahead of new-model launch
The U.S. EV maker hired Volvo Deputy CEO Javier Varela as its new chief operations officer to help it scale output as it prepares to roll out a lower-cost model geared for the mass market. Source: autonews.com … [Read more...]
Magna expects $400 million revenue loss from Fisker production halt
Magna builds the Ocean EV for Fisker. Magna said it will “monitor (the) situation and will evaluate opportunities to further mitigate impact on our business.” Source: autonews.com … [Read more...]
Audi's profit plunges by over €1B amid engine issues
Audi said "logistics and supply" headwinds affected deliveries of its cars with V-6 and V-8 engines. Source: autonews.com … [Read more...]
Ferrari keeps V12 tradition alive with 12cilindri coupe and spider
Even though the supercar brand is electrifying with several PHEV models, the replacement for the 812 Superfast has a naturally aspirated non-hybrid V12 engine. Source: autonews.com … [Read more...]
Ferrari keeps V-12 tradition alive with 12cilindri coupe and spider
MARANELLO, Italy – Ferrari may be preparing for an electric future with several plug-in hybrid models, but its newest flagship front-engine coupe will still be powered by a naturally aspirated V-12. The supercar brand is emphasizing that fact with the name of new coupe, the 12Cilindri, which will replace the 812 Superfast. A spider convertible version will replace the 812 GTS. "Cilindri" means … [Read more...]
Amid electrification shift, Aston Martin redesigns V-12 engine
Aston Martin remains committed to electric vehicles and plans to adopt a plug-in hybrid electric drivetrain for its lineup, but the British brand is also rolling out a new V-12 engine. Aston Martin says the redesigned V-12 engine will produce a roaring 824 hp and 738 pound-feet of torque. When Aston Martin unveiled the DBS 770 Ultimate grand touring car in early 2023, it was packed with a V-12 … [Read more...]
Volvo adds 3 execs to its top board following departure of COO
Javier Varela, one of CEO Jim Rowan's top deputies, has left the company. Source: autonews.com … [Read more...]
Volvo adds 3 execs to its top board following departure of COO
Volvo Cars Chief Operating Officer and Deputy CEO Javier Varela has left the company to join U.S. EV maker Rivian after eight years on its top-level Executive Management Team (EMT). Varela, 59, was responsible for R&D, manufacturing, procurement, supply chain and quality. He played a key role in the 2018 opening of Volvo's U.S. factory; the selection of Slovakia, for a new €1.2 billion … [Read more...]
VW's Cupra brand targets higher sales with face-lifted Formentor, Leon
VW Group’s newest mainstream brand has found success with sportier models such as the Formentor. Source: autonews.com … [Read more...]
Stellantis hires €50,000 engineers in Brazil, India to save costs
Stellantis has moved to recruiting a majority of its engineering workforce in countries like Morocco, India and Brazil, as automakers contend with lower-cost competition and slowing demand. The automaker is hiring engineers where the cost per employee amounts to roughly €50,000 ($53,000) or less per year, according to people familiar with the matter. The cost of labor in hubs like Paris and … [Read more...]
Renault's entry-level Symbioz boosts compact SUV lineup
Renault now has four compact SUVs: The coupe-style Arkana, the higher-end Austral, the full-electric Scenic and now the Symbioz, which is based on an extended small-car platform and features a full-hybrid drivetrain as an option. Source: autonews.com … [Read more...]
Fiat CEO Olivier Francois: 'We have the best of both worlds'
Fiat is about to launch long-awaited new models as part of Stellantis. CEO Olivier Francois explains how Fiat will manage the transition to electrification, and the brand's place within Stellantis, in an interview to be published Monday. Source: autonews.com … [Read more...]
Lithia trims U.K. car dealership network after Pendragon deal
Lithia Motors is paring its U.K. auto retail footprint with cuts to the Pendragon network after entering and expanding throughout the country in the past 13 months. It's dropping 16 used-car CarStore locations and rebranding 11 others. Source: autonews.com … [Read more...]
Tesla retreats from next-generation 'gigacasting' manufacturing process
Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Source: autonews.com … [Read more...]
Western brands launch fightback at Beijing show
VW. GM, Toyota and Nissan were among Western brands that brought eye-catching new metal to the Beijing auto show to capture the attention of Chinese buyers. Source: autonews.com … [Read more...]
Aston Martin Q1 sales slump as output of older Vantage ends
Revenue dropped 10 percent to 267.7 million pounds ($334 million), while adjusted earnings before interest, taxes, depreciation and amortization fell 34 percent to 19.9 million pounds. Source: autonews.com … [Read more...]
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