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New car market grows for ninth month running

Automotive Industry SMMT - 2023-05-04

The UK new car market recorded its ninth successive month of growth in 2023 April, with an 11.6% increase to reach 132,990 registrations, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). …

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Stellantis revenues rise 14% in Q1 on higher prices, better chip supply

Automotive Industry Automotive News Europe - 2023-05-03

Stellantis said its revenue grew 14% in the first quarter on higher shipments, favored by an improvement in semiconductor supply, and strong net pricing power. …

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Nio said to plan budget EV for Europe

Automotive Industry Automotive News Europe - 2023-05-02

Nio aims to grab market share from Volkswagen by introducing a model for the European market that will be sold for less than €30,000 ($33,060), the company's chairman told Germany’s Der Spiegel magazine. …

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U.K. production rises 6% in March as chip shortages ease

Automotive Industry Automotive News Europe - 2023-04-28

British car production rose for a second consecutive month, climbing 6.1% in 2023 March, as the global shortage of semiconductors and other components eased further, the Society of Motor Manufacturers and Traders (SMMT) said in a st …

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Toyota edges past 9.1 million vehicle output goal, warns chip shortage lingering

Automotive Industry Reuters - 2023-04-27

Japan's Toyota Motor Corp set a global annual output record in the business year ended in 2023 March, just edging past its target of 9.1m vehicles as factory disruption from global chip supply woes and pandemic lockdowns eased. …

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Demand for electric cars is booming, with sales expected to leap 35% this year after a record-breaking 2022

Automotive Industry - 2023-04-25

Global sales of electric cars are set to surge to yet another record this year, expanding their share of the overall car market to close to one-fifth and leading a major transformation of the auto industry that has implications for the e …

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Mini rumoured to be considering building EVs in Mexico

Automotive Industry - 2023-04-25

Mini is considering building electric cars in North America in the future to gain access to US subsidies. …

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Russian parts shortage will stop Avtovaz assembly in May

Automotive Industry Automotive Logistics - 2023-04-25

Russia’s largest vehicle maker, Avtovaz, will shut down assembly at its Togliatti plant for at least three weeks at the end of 2023 May because of a new wave of supply disruptions. …

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BMW prepares Regensburg plant for making the iX2 EV

Automotive Industry - 2023-04-25

BMW will produce a second electric model at its factory in Regensburg in 2023. The fully electric iX2 will follow the iX1 that has been coming off the lines in Regensburg since 2022 autumn. …

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Stellantis tests e-fuels to decarbonize fleet

Automotive Industry Automotive News Europe - 2023-04-21

Stellantis is testing synthetic e-fuels, which are made with renewable energy, on 28 types of its internal combustion engines, a step it said could help decarbonize its existing European fleet. …

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