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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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In 2023, bold EV strategies took a punch from reality

Automotive Industry Reuters - 2023-12-11

This was the year the auto industry's race toward an all-electric future took a detour. …

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Renault to invest $430m to turn Turkish plant into export hub

Automotive Industry Automotive News Europe - 2023-12-10

Renault Group is investing  €400 m ($430 m) to turn its factory in Bursa, Turkey, into an international export hub by adding four new models by 2027, starting with production …

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Tesla must respect collective bargaining rights, Norway's sovereign wealth fund says

Automotive Industry Automotive News Europe - 2023-12-08

Tesla should respect fundamental labor rights, including that of collective bargaining by labor unions, Norway's $1.5 tn sovereign wealth fund, the world's biggest stock market investor, told Reuters on Friday 8 December. …

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Fear of cheap Chinese EVs spurs automaker dash for affordable cars

Automotive Industry Autmotive News Europe - 2023-12-08

The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previou …

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VW in talks with Renault for low-cost EV, paper says

Automotive Industry Automotive News Europe - 2023-12-08

Volkswagen is speaking with potential partners, including Renault, about cooperating on the development of a 20,000-euro ($21,476) electric car, a German business paper reported. …

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