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France cuts EV subsidy for higher-income buyers

Automotive Industry Reuters - 2024-02-13

The French government on Tuesday 13 January cut by 20% a subsidy higher-income car buyers can get for purchasing electric and hybrid vehicles in order to keep from overrunning its budget to boost the number of electric cars on the road.< …

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Stellantis uses surplus plants in Europe as leverage in a fight with Rome

Automotive Industry Automotive News Europe - 2024-02-12

A recent war of words between Italian Prime Minister Giorgia Meloni and Stellantis CEO Carlos Tavares has exposed a tough new reality: Europe's one-time homegrown national automakers have become global players ready to exploit …

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Germany's Habeck: hitting EV sales target requires 'tipping point'

Automotive Industry Reuters - 2024-02-12

Germany won't hit its target of having 15 m EVs on the road by 2030 if sales develop in a linear fashion, Economy Minister Robert Habeck said on Monday, adding the right conditions could still create a tipping point for demand. …

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France halts subsidized EV lease program after strong demand

Automotive Industry Automotive News Europe - 2024-02-12

The French government is halting for the rest of this year a program to subsidize low earners leasing an electric car, after demand far exceeded initial plans. …

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Stellantis to invest $111 mln in Hungary facility to produce electric drive modules

Automotive Industry Reuters - 2024-02-12

Stellantis said on Monday 12 January it will invest €103 m ($111.02 m) at its Szentgotthard facility in Hungary to increase production capacity of electric drive modules that will help the automaker grow its electric-vehicle portfol …

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Tesla production in Grünheide up and running again

Automotive Industry ELECTRIVE - 2024-02-12

Tesla announced the production interruption itself in mid-January. Model Y production in Grünheide was interrupted between 29 January and 11 February. …

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Stellantis uses surplus plants in Europe as leverage in a fight with Rome

Automotive Industry Automotive News Europe - 2024-02-12

A recent war of words between Italian Prime Minister Giorgia Meloni and Stellantis CEO Carlos Tavares has exposed a tough new reality: Europe's one-time homegrown national automakers have become global players ready to exploit …

Read more

Tesla earns $9 bn from carmakers failing to sell enough EVs

Automotive Industry Automotive News Europe - 2024-02-11

Tesla continues to cash in on other carmakers needing help to meet emissions standards, keeping up a lucrative business the company thought would fade away. …

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Exclusive: Renault, Geely expect to finalise engines tie-up this month

Automotive Industry Reuters - 2024-02-09

French carmaker Renault and Chinese rival Geely expect to finalise a joint venture for their combustion and hybrid engines towards the end of February, two sources close to the matter told Reuters. …

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Mercedes, Stellantis battery JV nears $4.7B debt deal

Automotive Industry Automotive News Europe - 2024-02-09

The electric-car battery venture led by Stellantis and Mercedes-Benz is close to raising €4.4 bn ($4.7 bn) in debt to finance its expansion in Europe, according to people familiar with the matter. …

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