News

European new-car sales maintained double-digit growth in September despite higher interest rates raising the cost of acquiring a car. …

In the first three quarters of 2023, the EU car market grew substantially (+16.9%), totalling 8 m registered units. Despite the year-to-date increase, the market remains 20% below the pre-COVID pandemic level of 10 m units in 2019. …

Italian automaker DR Automobiles is facing an antitrust investigation for allegedly misleading consumers over where its DR and EVO-branded vehicles are made, the Italian competition authority (AGCM) said on Thursday. …

Japan's Toyota Motor (7203.T), the world's largest automaker by sales, said on Thursday it had signed an agreement to adopt Tesla's (TSLA.O) electric-vehicle charging technology from 2025. …

Volta Trucks has initiated bankruptcy proceedings in Sweden because of the fallout of its battery supplier, Proterra, which itself declared bankruptcy in August 2023, according to a statement by the truck manufacturer. …

Elon Musk is dialing back expectations for Tesla as years of rapid expansion collide with rising interest rates and a more cost-conscious consumer. …

The Society of Motor Manufacturers and Traders (SMMT) is urging the EU and UK to strike an immediate agreement to avoid damaging Brexit tariffs on electrified vehicles. …

Germany could suffer if the European Union puts additional import duties on electric vehicles made in China with any protectionist move risking retaliation, according to the country’s transport minister. …

Lucid produced 1,550 vehicles from July to September, compared to 2,173 in the second quarter. 700 more Lucid vehicles were transported to Saudi Arabia for final assembly in the third quarter. …

Ford and Toyota could face some of the highest fines in the U.K. next year under new rules enforcing minimum electric-vehicle sales, according to market analysts Dataforce. …