Europe

H2 Green Steel and ZF Friedrichshafen have signed a seven-year steel delivery deal worth 1.5 billion euros ($1.64 billion). The agreement, one of H2GS’s largest yet, covers a “significant share” of ZF’s annual steel demand of about 2.5 million tons, according to a statement Tuesday. Deliveries of near zero-emissions steel are due to start in
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TURIN — Fiat is doubling its offering in Europe’s crucial small SUV segment with the New 600e, a five-door, five-seat EV that will coexist for at least two years with the 500X, which was introduced in 2014. Fiat plans to keep the 500X in production until early 2026. The 500X is offered only with internal
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PARIS — Dacia will sponsor a factory team to race the Dakar desert rally in 2025 as a way to showcase carbon-neutral mobility using synthetic fuels, brand CEO Denis Le Vot said. The Renault brand’s entries will be driven by the French rally champion Sebastien Loeb and Christina Gutierrez of Spain, a stage winner and seven-time
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Visionary, disruptor, revolutionary – no automaker is equated with subversive terms as much as Tesla. The U.S. electric car pioneer has turned the industry upside down. After more than 100 years of the all-powerful internal combustion engine, Tesla came along and helped the electric drive to achieve a breakthrough. This was indeed a revolution. And
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Volvo Cars has hired a “digital-first business leader” to help it transition into generating half of its global sales online by 2025. Gretchen Saegh-Fleming will join the automaker July 3 from Hydrow, which sells home rowing machines, where she served as chief commercial officer for two and a half years. Prior to that she spent
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Audi will replace CEO Markus Duesmann with Volkswagen Group strategy chief Gernot Doellner. Doellner will take over from Duesmann on Sept. 1, Audi said in a statement on Thursday. Duesman’s future had been in doubt following a number of mishaps and slow progress on innovation that has seen the luxury brand fall behind competitors BMW
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Volkswagen is reducing output of electric cars at its Emden plant in northern Germany due to flagging sales. Production of the ID4 full-electric SUV and the brand’s new ID7 all-electric sedan will be cut over the next two weeks, the Nordwest-Zeitung newspaper reported, citing the factory’s works council. The plant’s three-week summer vacation will be
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