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UK car production falls in March as factories adjust for new models

Automotive Industry SMMT - 2024-04-25

British car production falls -27.1% in March 2024, as manufacturers gear up to make new models, rounding off first quarter with volumes still up 1.1%. 59,467 cars leave factories in the month – with volumes for home an …

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Mini touts creative use of space for electric-only Aceman small crossover

Automotive Industry Automotive News Europe - 2024-04-24

The Aceman will initially be built only in China. …

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VW seeks to maintain 15% share in China as domestic rivals gain strength

Automotive Industry Automotive News Europe - 2024-04-24

Volkswagen 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. …

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VW to launch youth-focused EV brand for China

Automotive Industry Automotive News Europe - 2024-04-24

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. …

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Industry calls for ‘next generation’ incentive and infrastructure plan to decarbonise Britain’s truck fleet

Automotive Industry SMMT - 2024-04-23

Zero emission HGV use trebles in a year – but accounts for just 0.05% of HGVs on the road with end of sale in 2035. Massive manufacturer investment means operators can choose from 27 different zero emission trucks – bu …

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Tesla says it will accelerate new products after Q1 income drops 55%

Automotive Industry Automotive News Europe - 2024-04-23

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. …

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Tesla targets 400 job cuts in Germany amid weak EV market

Automotive Industry Automotive News Europe - 2024-04-23

Tesla is hoping to achieve the jobs reduction without forced layoffs.  Tesla is targeting around 400 job cuts at its German factory, or about 3% of the plant's workforce …

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Electric car sales to rise but affordability in focus, IEA says

Automotive Industry Reuters - 2024-04-23

Electric car sales will rise strongly in 2024 despite economic headwinds in some markets, the International Energy Agency (IEA) forecast on Tuesday, 23 April 2024, but affordability and charging infrastructure will be key to future growt …

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Renault says new models will lift 2024 sales; Q1 revenue rises 1.8%

Automotive Industry Automotive News Europe - 2024-04-23

Renault finance chief Thierry Pieton said the automaker will not follow Tesla in cutting prices for its EVs. Renault expects its sales growth to accelerate in 2024 as it launches a number of new models. …

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Automakers hope for a cut as two-way EV charging becomes real

Automotive Industry Reuters - 2024-04-22

Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. …

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