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Mercedes says 'brutal' EV market will pressure car sales margins

Automotive Industry Reuters - 2023-10-26

Mercedes-Benz (MBGn.DE) said a "brutal" electric vehicle market of heavy price cuts and supply chain issues meant it would likely hit the lower end of its 12-14% adjusted return on sales forecast for the cars division, …

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JLR to build electric Defender at Slovak plant

Automotive Industry Automotive News Europe - 2023-10-26

Jaguar Land Rover said it will produce an electric version of its Defender at its plant in Slovakia. …

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EU focus on electric vehicles favours the rich, says ethanol industry

News from Brussels EURACTIV - 2023-10-26

Speaking at a Euractiv event on EU biofuels policy, David Carpintero, the director general of ethanol trade association ePURE, said lawmakers should consider which of the emissions-reduction solutions is “the most socially inclu …

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Mercedes CFO says EV adoption rate lower than expected

Automotive Industry Automotive News Europe - 2023-10-26

Mercedes-Benz is seeing lower than expected consumer adoption rates for electric vehicles, CFO Harald Wilhelm said on Thursday, describing the EV market as a "pretty brutal space." …

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Britain’s carmakers deliver best September since 2020 but action needed to protect EV exports

Automotive Industry SMMT - 2023-10-26

UK car manufacturing rose by 39.8% in September with 88,230 vehicles leaving British factory lines – 25,105 more than the same month last year, according to the latest figures published today by the Society of Motor Manufacturers and Tra …

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Biofuels industry criticises ‘inconsistent’ transport decarbonisation policy

News from Brussels EURACTIV - 2023-10-25

This differing approach to the green credentials of first-generation biofuels across EU legislation has drawn criticism from industry. …

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Auto industry leaders call for urgent action as EU-UK electric vehicle trade rules to hit cliff-edge deadline

News from Brussels ACEA - 2023-10-25

With around two months to go until the current rules of origin (ROO) in the EU-UK trade and cooperation agreement (TCA) expire, European automotive leaders have stepped up their joint call for a three-year extension to existing rules. …

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Stellantis resets China strategy with $1.6bn stake in EV maker Leapmotor

Automotive Industry Automotive News Europe - 2023-10-25

Stellantis is buying a 21% stake in Leapmotor for €1.5bn ($1.58bn) in a reset of its China strategy to focus on electric vehicles after years of poor sales in the world's biggest auto market. …

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BMW Group Logistik successfully tests electric semi-trailer in various scenarios from real-world logistics operations

Land transportation Automotive Purchasing and Supply Chain - 2023-10-25

BMW Group Logistik, in collaboration with the technology innovator Trailer Dynamics, has successfully tested an electrically powered semi-trailer on various tracks and over varying distances in real-world logistics operations. …

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More alarm bells sound on slowing demand for electric vehicles

Automotive Industry Reuters - 2023-10-25

High interest rates are derailing the ambitions of climate regulators and automakers to accelerate the shift to electric vehicles, underscored Wednesday by the scrapping of a GM-Honda partnership and a warning from a battery maker. …

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Council backs intelligent systems deployment, EU states must now step up

News from Brussels IRU - 2023-10-25

The Council has adopted the version of the ITS Directive negotiated by the Council Presidency and the European Parliament. The decision follows the endorsement of the European Parliament’s plenary earlier this month. …

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Honda, GM cancel plans to develop sub-$30,000 EVs

Automotive Industry Automotive News Europe - 2023-10-25

Honda has canceled plans to jointly develop affordable electric vehicles with General Motors due to a changing business environment, Honda CEO Toshihiro Mibe said. …

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Wallenius Wilhelmsen firms up order for methanol-fuelled and ammonia-ready newbuilds

Members Corner Splash247.com - 2023-10-24

Norway’s Wallenius Wilhelmsen has firmed up a letter of intent for four methanol-capable and ammonia-ready car carrier newbuilds in China. …

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Dacia Spring budget EV could lose French incentives

Automotive Industry Automotive News Europe - 2023-10-24

Renault Group is expecting to lose French EV incentives for the China-built Dacia Spring full-electric minicar, as the government of President Emmanuel Macron revises the bonus system, executives said. …

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ENVI narrowly fails to capitalise on feasible EU mobility CO₂ solutions

News from Brussels IRU - 2023-10-24

The European Parliament's Committee on Environment, Public Health and Food Safety (ENVI) has narrowly voted in support of the original overly ambitious emission reduction targets proposed by the European Commission in the revision of CO₂ …

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Mitsubishi Motors to invest up to 200 mln euros into Renault's new EV unit

Automotive Industry Reuters - 2023-10-24

Japanese automaker Mitsubishi Motors (7211.T) will invest up to €200 m ($214 m) in the new electric vehicle unit of French counterpart Renault (RENA.PA), Mitsubishi said on Tuesday. …

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China's Great Wall is first EV maker to respond to EU anti-subsidy probe

Automotive Industry Automotive News Europe - 2023-10-24

China's Great Wall Motor called for a fair and open trade environment after saying it had formally submitted responses to the European Commission's anti-subsidy investigation of Chinese-made electric vehicles. …

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CO2 targets unachievable without enabling conditions, warn European truck and bus manufacturers

News from Brussels ACEA - 2023-10-24

Reacting to the European Parliament’s environment committee (ENVI) position, European truck and bus manufacturers voiced concern that targets may express ambition on paper but are unachievable in reality. …

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Grimaldi completes acquisition of Igoumenista port, Greece

Members Corner Ports Europe - 2023-10-24

Italy’s Grimaldi has completed the acquisition of Igoumenista port, Greece, as part of the country’s regional port privatisation programme. …

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Heavy-duty vehicles urgently require regulatory update that boosts their data market potential

News from Brussels CLEPA - 2023-10-24

CLEPA, together with other independent service providers, has published a position paper calling for a revision of the Type approval regulation that maximises the potential of the data market for heavy-duty vehicles (HDVs). …

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