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BMW's sales growth is mostly electric as combustion-engine 'tipping point' passes, CFO says

Automotive Industry Automotive News Europe - 2024-01-15

BMW has passed the tipping point for combustion-engine vehicle sales and now generates most sales growth from electric cars, its chief financial officer, Walter Mertl, said in a media roundtable. …

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Stellantis plans 2,250 temporary layoffs at Italian Mirafiori plant

Automotive Industry Automotive News Europe - 2024-01-15

Stellantis will temporarily lay-off about 2,250 workers at its Mirafiori plant in the Italian city of Turin in the coming weeks in response to weak demand. …

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Suzuki's Hungary plant to stop production amid Red Sea supply gap

Automotive Industry Automotive News Europe - 2024-01-15

Suzuki's plant in Hungary will suspend output of the Vitara and S-Cross models amid supply shortages caused by attacks on shipping in the Red Sea. …

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China produces a record 30m cars in 2023 as exports soar

Automotive Industry Automotive News Europe - 2024-01-12

China’s auto production and exports climbed to record highs in 2023 as its domestic market recovered and manufacturers filled the void left by Western companies that pulled out of Russia. …

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Tesla Cybertruck could face regulatory hurdles in Europe

Automotive Industry Automotive News Europe - 2024-01-11

Tesla’s Cybertruck, the EV maker’s most anticipated model in years, would face challenges to be homologated in Europe, experts said. …

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VW still has flexibility on EV push, CFO Antlitz says

Automotive Industry Automotive News Europe - 2024-01-11

Volkswagen Group’s finance chief said the automaker remains flexible on how it spends money earmarked for electric and combustion-engine cars as EV uptake slows in some markets. …

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Tesla is helping German auto industry to return to growth

Automotive Industry Automotive News Europe - 2024-01-11

Tesla is expected to help German car production grow by 2.5% per year, outpacing annual gross domestic product (GDP) of 1.4%, as the German car industry slowly returns to growth amid cautious optimism, according to consultant and ma …

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Tesla's Berlin plant to suspend most output over Red Sea supply gap

Automotive Industry Automotive News Europe - 2024-01-11

Tesla will suspend most car production at its factory near Berlin from 29 January to 11 February, the company said, citing a lack of components due to shifts in transport routes because of attacks on vessels in the Red Sea. …

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European Commission greenlights Volvo-Renault joint venture for electric commercial vehicles

Automotive Industry trans.info - 2024-01-11

The joint venture will focus on creating a new line of light commercial vehicles that embrace electric propulsion. …

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BMW retools Munich factory for all-electric production

Automotive Industry Automotive News Europe - 2024-01-10

BMW is investing €650 m ($711 m) to convert its main plant in Munich to exclusively produce EVs from the end of 2027, a major stepping stone in the transition to the electric age. …

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