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Russian carmakers braced for turbulence as US sanctions promise to bite

Automotive Industry Automotive News Europe - 2023-10-16

A recent round of US sanctions against the Russian automotive industry threatens to hurt the supply chain contingencies established in the country since it invaded Ukraine. …

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China's weakest EV makers face bleak future

Automotive Industry Automotive News Europe - 2023-10-16

The future for two of China’s worst-selling electric car brands just got even bleaker. …

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Polestar prepares to raise up to $1 billion for EV sales push

Automotive Industry Automotive News Europe - 2023-10-16

Polestar is taking steps to raise more capital as the electric carmaker struggles with an increasingly strained balance sheet and continued cash burn. …

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Volkswagen Group delivers 45% more all-electric vehicles in first 9 month

Automotive Industry Automotive Purchasing and Supply Chain - 2023-10-16

The Volkswagen Group has systematically continued its transformation in the first nine months of 2023. …

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How China left the world far behind in the EV battery race

Automotive Industry Automotive News Europe - 2023-10-13

It was an admission of defeat. But you would never know it looking at the mild-mannered smiles that morning. Angela Merkel, then German chancellor, was standing next to Chinese Premier Li Keqiang. …

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Stellantis offers new share plan to French and Italian workers, report says

Automotive Industry Automotive News Europe - 2023-10-13

Stellantis is offering a new stock investment plan to its French and Italian employees to help them with cost-of-living pressures and try to incentivize performance, two sources close to the company told Reuters. …

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Tesla rejects union claims, reports of health and safety issues at German plant

Automotive Industry Automotive News Europe - 2023-10-11

Tesla rejected claims by a German union and recent media reports that health and safety provisions at its gigafactory near Berlin were inadequate, stating that protecting workers' health was a top priority. …

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China's clean car exports surge as Europe starts subsidy probe

Automotive Industry Automotive News Europe - 2023-10-11

China’s new-energy passenger car exports more than doubled last month, as the nation’s growing power in the global auto market comes under pressure from Europe and the U.S. …

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Skoda drops Kodiaq from China lineup as sales plummet

Automotive Industry Automotive News Europe - 2023-10-11

Skoda will not sell its new Kodiaq midsize SUV in China in a possible sign that the brand is close to pulling out of the market. …

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BMW sees Q3 surge in battery-electric vehicle sales

Automotive Industry Reuters - 2023-10-10

German carmaker BMW (BMWG.DE) saw group sales of its battery-electric vehicles surge by 79.6% year on year in the third quarter of 2023 to 93,931 units, the company said on Tuesday. …

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