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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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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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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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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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Nissan shares see biggest plunge in two decades as China worries deepen

Automotive Industry Reuters - 2024-02-09

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. …

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Should Italy drive a Fiat or a Ferrari?

Automotive Industry Automotive News Europe - 2024-02-09

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. …

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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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BYD to supply EVs to European car leasing company Arval

Automotive Industry Automotive News Europe - 2024-02-08

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

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Jaguar Land Rover slows EV rollout as electric car demand cools

Automotive Industry Automotive News Europe - 2024-02-08

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. …

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Are cars getting too big for the road?

Automotive Industry BBC - 2024-02-08

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. …

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