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Fiat to revamp lineup as the brand exits minicar segment

Automotive Industry Automotive News Europe - 2024-02-26

Fiat announces new vehicles based on Stellantis's Smart Car low-cost small car platform. …

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Stellantis CEO defends EU's 2035 ban on fossil-fuel cars

Automotive Industry Reuters - 2024-02-24

Franco-Italian automaker Stellantis (STLAM.MI) wants to stick to the European Union's goal to effectively ban the sale of new petrol and diesel cars from 2035, CEO Carlos Tavares said in an interview with German media …

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UK SUV sales have increased by more than a fifth in one year

Automotive Industry Transport & Environment - 2024-02-23

SUV sales exceeded 1m in 2023, having increased 23% between 2022 and 2023 and are an increasing share of car sales. …

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Mercedes-Benz delays electrification goal, beefs up combustion engine line-up

Automotive Industry Reuters - 2024-02-22

Mercedes-Benz on Thursday 22 February delayed its electrification goal by five years and assured investors it would keep sprucing up its combustion engine models, becoming the latest carmaker to flag a weaker-than-expected appetite for b …

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Slumping used EV prices force automakers to repay leasing firms

Automotive Industry Automotive News Europe - 2024-02-22

Leasing companies are demanding concessions from EV makers, including agreements that manufacturers will buy back vehicles, to protect against further erosion in the $1.2trn second-hand car market. …

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Rivian, Lucid's 2024 production targets disappoint as EV demand wanes

Automotive Industry Reuters - 2024-02-22

Electric vehicle startups Rivian (RIVN.O) and Lucid (LCID.O) forecast 2024 production well below analyst estimates on Wednesday as persistently high borrowing costs keep consumers from buying relatively pricier battery-pow …

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EV sector grapples with layoffs, production cuts and altered plans

Automotive Industry Reuters - 2024-02-22

A global slowdown in electric-vehicle demand is rippling through the industry, costing jobs and leading to changes in strategic plans, layoffs and production cuts, suggesting pain in the near term could slow the transition away from gaso …

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Tesla faces rejection from locals for plans to expand German site

Automotive Industry Automotive News Europe - 2024-02-21

Tesla want to double the site's capacity to 100 gigawatt hours of battery production and 1m cars per year. …

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Amid EV shift, German supplier jobs forecast to fall by a quarter by 2030

Automotive Industry Automotive News Europe - 2024-02-21

Suppliers will continue to have a harder time than automakers in the coming years, especially as the trend towards insourcing will accelerate among automakers. …

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EV charging void has drivers trying new routes to power up

Automotive Industry Reuters - 2024-02-21

Electric vehicle drivers unable to install a charger at home are turning instead to stopgaps offered by US and European firms as alternatives to often expensive or inconvenient public charging points. …

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