Europe

Audi will reveal more details about its Formula One project at the Shanghai auto show next month. The automaker brand is entering the series in 2026, when it will provide engines for the Sauber team, which will become the Audi works team. Audi, owned by Volkswagen Group, announced in August that it would enter Formula
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Europe’s biggest automakers posted record profits in 2022 despite largely flat sales and supply chain and logistics problems.  Net profits rose 22 percent to a record total of 67.8 billion euros ($73.6 billion) at the six largest Europe-based automakers: BMW Group, Mercedes-Benz, Renault Group, Stellantis, Volkswagen Group and Volvo Car (see table, below), plus the
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LONDON — Chinese luxury electric-vehicle maker Human Horizons will launch its premium HiPhi brand in some European markets later this year as the company looks to expand overseas, the automaker’s co-founder, Mark Stanton, said. Stanton told Reuters the automaker would announce which European countries it would enter at the Shanghai auto show in April but
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KG Mobility, the South Korean automaker formerly known as SsangYong Motor before going through bankruptcy, is seeking to revive its fortunes with a $30,000 full-electric SUV. The carmaker Thursday unveiled four new vehicles at the Seoul Mobility Show, including the Torres EVX, its first electric car since conglomerate KG Group bought a majority stake in the
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SANT’AGATA BOLOGNESE, Italy — Lamborghini is adopting a cautious stance toward e-fuels, in contrast to its competitors Ferrari and Porsche, who see them as a way to continue to market internal-combustion engine cars in Europe after 2035, when the EU will allow only zero-emission vehicles to be sold. Stephan Winkelmann, the chairman and CEO of
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Stellantis CEO Carlos Tavares said that e-fuels, which have received an exemption from policymakers in Brussels to the EU’s 2035 zero-emissions target for new cars, will not “significantly” change the trajectory of the auto industry.  “We are well on our way to deliver the electrification that is expected from the EU,” Tavares said at Stellantis’ first
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