News

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. …

Shares in Nissan Motor tumbled 12% on Friday, their biggest decline in more than two decades, after quarterly earnings undershot expectations by a large margin and it cut estimates for car sales due to stiff competition in China. …

The past several weeks have been truly eventful for the automotive sector in Italy, with an escalating war of words between the first right-wing government since 1948 and the country’s only volume automaker, Stellantis. …

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. …

BYD, China's largest electrified-vehicle maker,will provide electric vehicles to European leasing company Arval to accelerate an expansion in Europe. …

Jaguar Land Rover is slowing its battery-electric car rollout as it adjusts for a cooling EV market and focuses on plug-in hybrid vehicles. …

In some parts of the world, cars have always been on the larger side. But now these behemoths are spreading – and the consequences are still being figured out. …

Opel is reducing output of its Grandland due to lower demand. …

Volkswagen is sticking with plans to launch 25 electric vehicle models in North America across its group brands by 2030, but is ready to adjust as the market shifts, Pablo Di Si, head of Volkswagen's North American business, told Reu …

Audi is reducing production at its Brussels plant for at least two weeks due to component shortages. …