Europe

Renault unions are angry about the automaker producing a new Dacia full-electric minicar in China and selling it in Europe, a clash that could become more common given how many companies have similar plans. Labor groups are attacking Renault for exporting the Dacia Spring — a model the automaker bills as Europe’s cheapest electric vehicle
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SEOUL – LG Chem forecast a further rise in its battery sales and profit in the fourth quarter thanks to growing demand for electric-vehicle batteries. The South Korean company, which supplies automakers including Tesla and Volkswagen Group, reported a 159 percent jump in its total operating profit to a record 902 billion won ($797 million)
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DETROIT — General Motors is expected to announce on Tuesday significant investments to expand U.S. production of electric vehicles at a factory in Spring Hill, Tennessee, and potentially other sites. GM said in a statement Monday that it planned to make a “major U.S. manufacturing investment announcement” on Tuesday. The Detroit News reported that the
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SEOUL — Hyundai Motor and affiliate Kia Motors said on Monday that their third-quarter earnings would reflect quality-related costs amounting to a combined 3.36 trillion won ($2.94 billion). The costs would include additional provision expenses related to the South Korean automakers’ “Theta” engines, the companies said in separate regulatory filings. Hyundai Motor said a cost
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PARIS — Dacia will introduce the Spring electric minicar first for short-term rental ventures, as it tests the market for a low-cost EVs built in China.  The Spring, shown during an online event Thursday, is a version of the Renault K-ZE developed for the Chinese market and now sold there by Renault Group’s joint-venture partner,
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PARIS – Renault Group has drawn down part of a 5 billion euro ($5.85 billion) loan guaranteed by the French government, put in place earlier this year to shore up its finances during the coronavirus crisis, Chairman Jean-Dominique Senard said. Senard did not detail how much of the loan Renault had tapped, but added that
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FRANKFURT — Daimler is committed to Formula One but is working to slash costs and cut the environmental impact of motor racing, CEO Ola Källenius said on Wednesday. “We have as little reason to step out of Formula One as Bayern Munich has to step out of football,” he said during a virtual roundtable discussion
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Renault has filed notice with the European Commission that it is accepting partners for an “open” emissions pool, an arrangement that allows automakers that are on track to meet tougher CO2 targets to combine their emissions with others that might be in danger of missing them, resulting in heavy fines. Open pools that have already
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India, the world’s fifth-largest automotive market, was perhaps the hardest hit by coronavirus restrictions. There were zero new cars sold in April, compared with 245,000 in the same month in 2019, with dealerships closed by government order.  One news site called it “the darkest month in the history of the Indian automobile industry.” But the market
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Interior supplier Yanfeng has revealed its next step in its effort to attack germs including COVID-19 inside cars. Its Experience in Motion 2021 Shared (XiM21S) concept, which is due early next year, will include two ways to battle bugs, Yanfeng Technology Chief Technology Officer Han Hendriks told Automotive News Europe. The first solution is applying
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The first thing noticeable about the new board that will preside over the combination of Italy’s Fiat Chrysler Automobiles and France’s PSA Group is the distinctly global, non-automotive profile of the new independent directors. Which makes sense because the nonsensical name of this combined company — Stellantis — offers zero identity with anything automotive. But
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Tesla Inc. has agreed to acquire German ATW Automation, a supplier assembling battery modules and packs for the auto industry, a person familiar with the transaction said Friday. ATW, a subsidiary of Canadian ATS Automation Tooling Systems Inc., was on the brink of liquidation due to a slump in orders, German media reported in September.
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Genesis has named Dominique Boesch, a longtime Audi executive, its first managing director for Europe. The Hyundai premium brand still has not announced when it will start European sales and with which models, In a news release announcing Boesch’s appointment, Genesis said that more details would be coming soon. “Europe is the spiritual home of
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PARIS — Dacia is introducing new versions of its small cars, the Sandero, Sandero Stepway and Logan, as Renault Group’s Romanian budget brand hopes to regain sales momentum. The new models are now on the same Renault-Nissan Alliance CMF platform as the latest-generation Renault Clio and Captur, and they use Renault’s 1.0-liter, three-cylinder gasoline engines.
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Nikola’s founder Trevor Milton purchased the original design for the company’s flagship truck from a Croatia-based designer, the Financial Times reported on Saturday, citing people with knowledge of the matter. Nikola One, the company’s flagship hydrogen-powered truck truck, is at the center of a design patent infringements lawsuit that Nikola filed against Tesla in 2018.
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