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Russians switch to used cars amid Western sanctions

Automotive Industry Automotive News Europe - 2023-02-17

Spending on new cars in Russia more than halved last year as the auto industry felt the full force of Western sanctions over the conflict in Ukraine, with production plunging, prices soaring and buyers switching to cheaper used mode …

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Italy condemns EU plan to outlaw fossil-fuel cars

Automotive Industry Automotive News Europe - 2023-02-17

Italy has stepped up its opposition to European plans to outlaw the sale of new gasoline and diesel cars in 12 years, with the Transport Minister Matteo Salvini calling a rapid switch to electric vehicles "suicide" and a "gi …

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Truckers and subsidies rev up interest in fuel cell vehicles

Automotive Industry Reuters - 2023-02-16

Interest in using hydrogen fuel cells to power trucks and vans is getting a boost from fleet operators looking for a more practical alternative to electric vehicles and rising government aid, particularly the US Inflation Reduction Act ( …

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VinFast founder has no plans to inject more money into EV maker

Automotive Industry Automotive News Europe - 2023-02-14

Billionaire Pham Nhat Vuong has no plans to personally invest any more money in VinFast, the company's CEO said, even as the Vietnamese electric vehicle maker falls behind on factory construction plans in the US and cuts staff. …

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With Ford cuts, EV-related layoffs start to hit home in Europe

Automotive Industry Automotive News Europe - 2023-02-14

Years of warnings about job losses from the transition to all-electric cars from internal-combustion powertrains are starting to become reality, as Ford this week announced it would cut nearly half of its European eng …

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Renault and Nissan to build two small electric cars in India

Automotive Industry elective.com - 2023-02-13

Renault and Nissan are investing around $600m in India to produce six new models at their joint plant in Chennai. These will include the first two electric cars companies will build in India. …

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Ford's missteps in Europe and how to fix them

Automotive Industry Automotive News Europe - 2023-02-11

Ford is radically changing its business model in Europe in a bid to become sustainably profitable in the region. …

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VW to speed up electric shift in five-year plan

Automotive Industry Automotive News Europe - 2023-02-10

Volkswagen Group will speed up its shift to electric cars and revamp its software strategy in a five-year investment plan presented by management to the supervisory board on Friday 10 February 2023, the automaker said in a statement …

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How to prepare our grids for electric trucks

Automotive Industry EURACTIV - 2023-02-09

This opinion piece has been written by Julia Hildermeier is senior associate at the Regulatory Assistance Project (RAP), an independent organisation promoting the transition to clean energy, and it does not necessarily r …

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Volvo braces for challenges in 2023 after quarterly profit falls

Automotive Industry Automotive News Europe - 2023-02-09

Volvo Cars said on Thursday 9 February that 2023 is likely to be another challenging year despite strong demand for its vehicles as the Swedish automaker reported a fall in quarterly profit. …

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