Automotive News Europe | Latest news on the auto industry, …
WEBThe automotive industry is one of Europe’s great success stories, generating €1 trillion in income or 7% of total GDP in 2022. Automotive News coverage of the European market, focusing on ...
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WEBForvia scales back 2024 outlook again, speeds up job cuts. The supplier will cut 2,800 jobs by the end of the year as part of a plan to reduce head count by 10,000. It cited weakness in North ...
FCA and PSA complete merger to become Stellantis - Automotive …
WEBJan 16, 2021 — MILAN -- Fiat Chrysler Automobiles and PSA Group completed their $52 billion tie-up and formally merged into Stellantis on Saturday. The merger will create an auto group with combined annual sales ...
Volvo will stop sharing sensitive EV data - Automotive News Europe
WEBJul 24, 2024 — VOLVO. Volvo says the gross margin it generates on the new EX30 full-electric small SUV is 15 to 20 percent. Volvo will stop disclosing the gross margins it makes for its different drivetrains ...
How Tesla's supplier's Giga Presses are reshaping carmaking ...
WEBFeb 10, 2023 — A Giga Press is a series of high-pressure aluminum die casting machines. Molten aluminum weighing more than 100 kg is injected into the cold-chamber casting mold with a velocity of 10 meters per ...
Faurecia completes $6 billion acquisition of Hella to boost EV, self ...
WEBFeb 1, 2022 — PARIS -- Faurecia has completed its acquisition of a controlling stake in lighting supplier Hella in a 5.3 billion euro ($5.95 billion) deal that is one of the biggest in the European auto parts ...
Ford's new Tourneo Connect is first model from VW partnership
WEBOct 12, 2021 — The Ford Tourneo Connect passenger van comes in two lengths and can seat up to seven people. Deliveries start in spring 2022. Ford has launched the first vehicle from its wide-ranging partnership ...
Electric car brand Polestar, Citroen settle logo dispute
WEBSep 1, 2022 — PARIS -- Citroen and Polestar have settled a trademark dispute over logos that prevented the Swedish electric car brand from selling vehicles in France since 2020.. Citroen had argued successfully ...
McLaren CEO Michael Leiters chases Ferrari-level profitability ...
WEBAug 12, 2024 — McLaren Automotive is looking for a partner that will supply technology, platforms — and hopefully cash — to help it develop a new SUV or similar “shared performance” model, CEO Michael ...
Europe's top dealers tighten grip on market - Automotive News …
WEBNov 7, 2023 — Europe's largest dealer groups, topped again by Switzerland's Emil Frey, increased their share of the new car market to 15 percent last year, up from 14 percent in 2021. Europe's top 50 dealer ...