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VW's Cariad software unit to cut costs by 20%, avoid forced layoffs

Automotive Industry Automotive News Europe - 2023-12-14

Volkswagen Group's software unit Cariad has agreed to cut 20% of its internal development costs annually until 2028 as it attempts to avoid forced layoffs in a major restructuring prescribed by CEO Oliver Blume. …

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Chinese-made EVs from Dacia, Tesla, MG to lose French incentives

Automotive Industry Automotive News Europe - 2023-12-14

Three of France’s most popular battery-electric vehicles, the Dacia Spring minicar, the Tesla Model 3 and the MG4 compact car, will lose their eligibility for EV incentives under new requirements that favor cars made in France …

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Ferrari, Philip Morris to collaborate to cut carbon footprint of Italian plants

Automotive Industry Automotive News Europe - 2023-12-13

Ferrari will work with tobacco company Philip Morris International to study ways in which they could cut the carbon footprint of their factories in Italy's Emilia-Romagna region. …

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Seaspan moves into car carrier sector with Hyundai Glovis

Automotive Industry Automotive Logistics - 2023-12-13

The newbuild vessels will be the world’s largest PCTCs with a capacity of 10,800 car equivalent units (CEUs). …

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Stellantis revises rollout of agency model in Europe after IT issues in pilot markets

Automotive Industry Automotive News Europe - 2023-12-13

Stellantis is revising the rollout of its agency distribution model in Europe, moving to a country-by-country approach rather than by brands. …

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Renault to sell first tranche of Nissan stake, booking $1bn loss

Automotive Industry Automotive News Europe - 2023-12-12

Renault is selling a 5% stake in Nissan, the first stage of a planned disposal of its holding in the Japanese automaker as part of a wider rebalancing of the companies' long-standing alliance. …

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Toyota Europe expects near record-breaking sales despite battery constraints

Automotive Industry Automotive News Europe - 2023-12-12

Toyota expects to increase its vehicle sales in Europe in 2024 despite an overall flat market and supply constraints on hybrid batteries. …

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Audi, Mercedes approached by Huawei over smart car investment, report says

Automotive Industry Automotive News Europe - 2023-12-11

China's Huawei Technologies has asked Audi and Mercedes-Benz if they are interested in buying small stakes in its smart car software and components company, according to three people with knowledge of the discussions. …

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Turkey moves to counter rising tide of Chinese EV imports

Automotive Industry Automotive News Europe - 2023-12-11

Turkey is cracking down on Chinese electric vehicle imports, the latest country to do so after the European Union launched its own probe into the Asian country’s EV subsidies. …

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Renault aims to pick partner for Twingo by early 2024, with VW in the running, report says

Automotive Industry Automotive News Europe - 2023-12-11

Renault aims to pick a partner for its new Twingo battery-electric vehicle by early next year, two sources close to the matter said, with Volkswagen among those in the running. …

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