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Tesla deliveries to hit record, but fall short of Musk's aspirations

Automotive Industry Automotive News Europe - 2023-12-27

Tesla is expected to post another record quarter for electric vehicle deliveries, likely shy of an ambitious 2 m annual internal target that CEO Elon Musk touted at the beginning of the year. …

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Putin seizes control of Russia's biggest car dealership

Automotive Industry Automotive News Europe - 2023-12-22

President Vladimir Putin placed Russia's biggest car dealership under temporary state management in a step the Kremlin said was driven by commercial logic but which its founder said made the country look uninvestable. …

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Polestar, Lotus, Volvo, Jaguar Land Rover form alliance in China on EV charging

Automotive Industry Automotive News Europe - 2023-12-21

Polestar, Lotus, Volvo — three brands majority owned by Zhejiang Geely Holding Group, and British luxury carmaker Jaguar Land Rover, have established an alliance on battery charging for electric vehicles in …

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China's BYD set to announce Hungarian EV factory, report says

Automotive Industry Automotive News Europe - 2023-12-21

Chinese electric vehicle giant BYD is in final talks with the Hungarian government to secure a multi-billion-euro investment in a new electric car factory, in a deal that could be announced as early as Friday, the Fina …

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Italy govt wants to bring in more carmakers to boost domestic output

Automotive Industry Reuters - 2023-12-20

Italy's government is working to encourage other major carmakers besides Fiat-owner Stellantis (STLAM.MI) to manufacture in the country and boost production, Industry Minister Adolfo Urso said on Wednesday. …

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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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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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