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Slumping used EV prices force automakers to repay leasing firms

Automotive Industry Automotive News Europe - 2024-02-22

Leasing companies are demanding concessions from EV makers, including agreements that manufacturers will buy back vehicles, to protect against further erosion in the $1.2trn second-hand car market. …

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EV charging void has drivers trying new routes to power up

Automotive Industry Reuters - 2024-02-21

Electric vehicle drivers unable to install a charger at home are turning instead to stopgaps offered by US and European firms as alternatives to often expensive or inconvenient public charging points. …

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Europe's automakers need to play the long game to stay in the EV race

Automotive Industry Automotive News Europe - 2024-02-21

Slowing the electrification shift now with the aiming of catching up when margins are better is the wrong approach -- for the planet and for companies' survival. …

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Tesla faces rejection from locals for plans to expand German site

Automotive Industry Automotive News Europe - 2024-02-21

Tesla want to double the site's capacity to 100 gigawatt hours of battery production and 1m cars per year. …

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Amid EV shift, German supplier jobs forecast to fall by a quarter by 2030

Automotive Industry Automotive News Europe - 2024-02-21

Suppliers will continue to have a harder time than automakers in the coming years, especially as the trend towards insourcing will accelerate among automakers. …

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VW, Renault and Stellantis under pressure to team up on cheap EVs

Automotive Industry Automotive News Europe - 2024-02-20

Chinese rivals and Tesla are exposing competitive weaknesses at Europe's biggest mass-market automakers. …

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Stellantis could build Leapmotor EVs in Europe, North America, CEO Tavares says

Automotive Industry Automotive News Europe - 2024-02-20

If Western governments block Chinese exports, Stellantis has the opportunity to build Leapmotor cars "inside the bubble," Carlos Tavares said. …

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Japanese automakers forge ahead with EV investments despite slowdown

Automotive Industry Automotive News Europe - 2024-02-19

Japan’s automakers are maintaining their investments in electric vehicles despite cooling sales. …

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Renault says bigger is not better as Stellantis stokes M&A talk

Automotive Industry Automotive News Europe - 2024-02-16

Bigger is not necessarily better in the auto industry, Renault CEO Luca de Meo said, putting the automaker at odds with his rival Stellantis on the subject of industry consolidation. …

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Italy stake in Stellantis not on agenda for now, minister says

Automotive Industry Reuters - 2024-02-16

The Italian government buying a stake in Fiat-parent Stellantis is not on the cards, but could be if the automaker requested it, industry minister Adolfo Urso said on Friday. …

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