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Hyundai will sell Russia plant for token sum, taking $219 m hit

Automotive Industry Automotive News Europe - 2023-12-19

Hyundai Motor plans to sell its plant in Russia for a token 7,000 rubles ($77.67), a company official said on Tuesday. …

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An automotive supply chain in transition – the year in review

Automotive Industry Automotive Logistics - 2023-12-19

This year has seen investments in supply chain resilience and the adoption in digital technology across the global automotive sector continue, with some positive developments in terms of inbound parts deliveries and greater supply chain …

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Volkswagen brand to take over German govt's share of EV subsidy

Automotive Industry Reuters - 2023-12-19

The Volkswagen brand said on Tuesday that it will take over the government's share of an environmental bonus for electric vehicles after the state's subsidy programme was ended prematurely following the adoption of a revised 2024 budget. …

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Automakers will fund German EV subsidy bill after state backs out

Automotive Industry Automotive News Europe - 2023-12-19

Volkswagen, Stellantis, Audi, Mercedes-Benz and Kia said they will fund a subsidy for German electric vehicle buyers after the government this week abruptly dropped a state-funded program. …

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VW, Audi, Porsche and Scout to adopt Tesla EV charging standard

Automotive Industry Automotive News Europe - 2023-12-19

Volkswagen, Audi, Porsche and Scout are the latest automakers to adopt Tesla's North American Charging Standard. …

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ECG publishes guidance for reporting supply chain emissions

Automotive Industry Automotive Logistics - 2023-12-18

The Association of European Vehicle Logistics (ECG), along with the German Association of the Automotive Industry (VDA) and a group of OEMs, has published the first methodology to calculate and report on automotive supply chain emissions …

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Tesla avoids European recall over Autopilot safety issues

Automotive Industry Automotive News Europe - 2023-12-15

The Dutch vehicle authority RDW said it does not currently plan a Tesla recall in Europe following a major US call back because of concerns about the EV maker's Autopilot driver assistance systems. …

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Nio plans to launch affordable Firefly brand in Europe in 2025

Automotive Industry Automotive News Europe - 2023-12-15

Chinese electric-vehicle maker Nio will launch its affordable Firefly brand in Europe in 2025, Lihong Qin, its president said. …

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Renault Trucks initiates DOLPHIN research & development project

Automotive Industry Freight Carbon Zero - 2023-12-15

The project’s focal points include assessing advancements in energy and environmental optimisation, safety enhancements, ergonomic improvements, and onboard comfort. …

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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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