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Stellantis under renewed fire from Italian government

Automotive Industry Reuters - 2024-02-02

Italy's industry minister on Friday criticised Stellantis' ownership structure and said the automaker had a "problem" with its models and marketing, continuing a feud between the company and the Rome government. …

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Italy could invest in Stellantis like France, minister says

Automotive Industry Automotive News Europe - 2024-02-01

The Italian government is open to buying a stake in Stellantis, industry minister Adolfo Urso said, as he set out plans to provide €950 m ($1 bn) in subsidies this year to help drivers switch to cleaner cars. …

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Stellantis CEO Sees the Rise of Chinese Carmakers Fueling M&A

Automotive Industry Bloomberg - 2024-02-01

One of the auto industry’s leading dealmakers sees the stars aligning for carmaker mergers and acquisitions — and wants in on the action. …

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Italy could invest in Fiat maker Stellantis, minister says

Automotive Industry Reuters - 2024-02-01

Italy is open to buying a stake in carmaker Stellantis, Industry Minister Adolfo Urso said on Thursday, as he set out plans to provide €950 m ($1 bn) in subsidies this year to help drivers switch to cleaner cars. …

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Volvo to stop funding Polestar as Geely readies bailout

Automotive Industry Automotive News Europe - 2024-02-01

Volvo Cars will stop providing funding to Polestar and will transfer responsibility for the brand to China's Geely, which is Volvo's majority shareholder. …

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Why rivals will have trouble matching Tesla's 'full-stack' approach

Automotive Industry Automotive News Europe - 2024-01-31

Automakers creating software-defined vehicles (SDVs) need to decide which control points they want to own in the technology stack. …

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EV demand slowdown hits automakers, suppliers

Automotive Industry Automotive News Europe - 2024-01-31

While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts. …

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Chinese automotive investment for the European market

Automotive Industry Upply - 2024-01-30

To conquer the European automotive market, China is not only developing its exports, but also investing locally, with a consequent reorganization of its supply chains. …

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German EV sales forecast to fall 14% in 2024

Automotive Industry Automotive News Europe - 2024-01-30

German electric-vehicle sales are projected to drop for the first time in eight years as signs of a slump in the EV market are spreading. …

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Toyota halts shipment of some vehicles over certification issues

Automotive Industry Reuters - 2024-01-29

Toyota Motor, said it would suspend shipments of some models including the Hilux truck and Land Cruiser 300 SUV after finding irregularities in certification tests for diesel engines developed by affiliate Toyota Industries. …

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