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How the software-defined vehicle will address overcapacity, bolster efficiency

Automotive Industry Automotive News Europe - 2024-01-24

Automakers are already changing their strategic course but still have a lot of ground to gain to complete the transition to software-defined vehicles (SDVs). …

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Riyadh's multi-billion EV dream risks crashing into reality

Automotive Industry Reuters - 2024-01-24

(This Jan. 23 story has been refiled following clarification from a Lucid official and adds the word 'solely' in paragraph 27) …

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Cars are getting too big for British roads, new research shows

Automotive Industry Transport & Environment - 2024-01-23

New research from Transport & Environment (T&E) has found that cars in the UK are getting too big for British roads, exceeding the 180cm minimum for on-street parking. …

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Tavares says Italy's hard line on EV incentives is hurting output

Automotive Industry Automotive News Europe - 2024-01-23

Italy's penny-pinching approach to incentives has meant several months of reduced automotive production, the Stellantis CEO Carlos Tavares said. …

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Avtovaz looks for Ro-Ro capacity to strengthen vehicle export ties

Automotive Industry Automotive Logistics - 2024-01-22

Russian carmaker Avtovaz is looking to boost production through exports abroad in 2024, including target markets in Iran and Egypt, according to the carmaker’s president, Maxim Sokolov. It follows a two-year decline in foreign sales. …

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UK outlines strategy to protect supply of critical materials

Automotive Industry Automotive Logistics - 2024-01-22

The UK government’s Department for Business and Trade has launched a Critical Imports and Supply Chains Strategy to safeguard the supply of goods including minerals and semiconductors, seen as essential for the future of the co …

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Foreign auto brands boost exports as China sales remain weak - data

Automotive Industry Reuters - 2024-01-22

Foreign carmakers that have been losing market share to local rivals in China have boosted exports from the world's largest auto market, accounting for more than a fifth of the country's total vehicle exports last year, industry data sho …

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European suppliers' group issues warning on profitability

Automotive Industry Automotive News Europe - 2024-01-20

More than half of automotive suppliers are below the threshold of 5% profitability needed for a sustainable business, the industry’s European trade group said. …

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More EVs than diesels sold in the EU over 2023

Automotive Industry ELECTRIVE - 2024-01-19

According to statistics from the European Automobile Manufacturers’ Association (ACEA), a total of 1,538,621 battery electric cars were registered in the EU last year. …

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Stellantis will avoid brutal price cuts, Tavares says

Automotive Industry Automotive News Europe - 2024-01-19

Stellantis will avoid being caught in a price war which would destroy its profitability, CEO Carlos Tavares said. …

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