Europe

As Porsche races to electrify its fleet over the next decade, the German sports car maker is investing in alternative fuels to reduce its carbon footprint. Porsche is backing fuel developer HIF Global, which has begun producing electricity-based synthetic fuels from hydrogen and carbon dioxide using wind energy. Earlier this year, Porsche said it invested

Canadian supplier Magna International said on Tuesday it agreed to buy Veoneer Active Safety from investment firm SSW Partners for $1.53 billion in cash to bolster its portfolio of self-driving technology. The deal is expected to add to Magna’s sensor and full systems capabilities, including radar, camera and driver monitoring, and add 2,200 engineers for

Alfa Romeo’s growth plan in the U.S. over the next decade involves doing away with internal combustion engines by 2027. The Italian brand is laying the groundwork for this expansion now with a focus on delivering experiences to consumers that are fitting of the luxury segment. It’s not a numbers game. Alfa says it’s thinking

Ford of Europe’s upcoming all-electric SUV, expected to the called Explorer Sport, will be the first new model to be launched under the automaker’s American-inspired “Adventurous Spirit” marketing and design ethos. Ford teased the look of EV on social media ahead of the car’s unveiling that is expected to take place in March. Teaser pictures

PARIS – Renault Group Chairman Jean-Dominique Senard, who was brought in to stabilize the company after the arrest of Chairman and CEO Carlos Ghosn in November 2018, will be appointed for another term, the automaker said. Senard was tapped that year by the French government, a major Renault shareholder, to replace Ghosn, who was detained in

EV startup Faraday Future is in discussions with investors for additional capital of up to $170 million as it sets a target to deliver its FF 91 electric SUV to customers in April 2023. The Los Angeles-based company said it expects to start production of its FF 91 at its manufacturing facility at the end

Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire’s plane. The reinstatements came after the unprecedented suspensions evoked stinging criticism from government officials, advocacy groups and journalism organizations from several parts of the globe on Friday, with some saying

Auto exports from China have surged this year as domestic automakers look to establish themselves beyond their home market. Through September, a total of 2.2 million passenger cars, trucks, buses and other vehicles were exported from China. That is up 54 percent from the same period last year and already more than double the average

BERLIN — Volkswagen Group shareholders renewed their criticism of CEO Oliver Blume’s dual roles, even as they approved a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche. Blume, who became VW Group CEO in September, has continued as CEO of luxury brand Porsche even after its listing. At a shareholder

BERLIN  — Volkswagen Group CEO Oliver Blume said at an extraordinary general meeting on Friday that the group was on solid footing, with his first hundred days spent on tasks including reshuffling senior roles, defining the automaker’s strategy for China and North America, and revising its software and platform strategy. “We are working on a

Volkswagen Group Chief Financial Officer Arno Antlitz said he expects next year to be “even more challenging” than 2022 as inflation and a worsening economic outlook cut into demand. Antlitz, speaking Thursday in a Bloomberg TV interview, said VW will need to improve productivity and lower fixed costs as the automaker cannot fully pass on

STOCKHOLM — Swedish battery maker Northvolt has announced changes to its board of directors, including naming former SAP CEO Jim Hagemann Snabe as its new chairman, as part of the company’s plan to build a more independent board. Current Chairman Carl-Erik Lagercrantz will become the vice chairman of Northvolt. Apart from Snabe, who is also

Russia’s car market is eking out growth again, in a sign of what may lie ahead for an economy retooling under the pressure of international sanctions over the war in Ukraine. Perhaps no industry in Russia suffered a bigger fallout from President Vladimir Putin’s invasion of Ukraine in late February, with output of light vehicles

BERLIN — Continental has publicly commented on the progress of an investigation into an August cyberattack at the supplier, noting it will take “several more weeks” to deal with the hack. The company made the announcement in a post on its website on Monday, including a timeline of the attack and the aftermath, as well

TOKYO/PARIS — Nissan doesn’t expect to reach an agreement with top shareholder Renault by year-end on reshaping their alliance because some of Nissan’s board members are pushing to move cautiously, people familiar with the matter said. Renault wants Nissan to invest in a new electric-vehicle unit it plans to spin off as part of a

Ford said it will begin selling the Bronco off-roader in selected European markets, including Germany, in the spring. The Bronco will be sold in Europe with either a 2.3-liter turbocharged four-cylinder or a 2.7-liter V-6 gasoline engine, limiting its appeal in markets that attract higher taxes for vehicles with poorer fuel consumption. Ford will position the

Mercedes-Benz and Rivian are putting on hold a planned collaboration to build electric vans in Europe that was signed just three months ago, the two companies said, as the U.S.-based electric-vehicle maker focuses on its domestic business.  Mercedes-Benz Vans and Rivian in September signed a memorandum of understanding for a joint venture to produce two

HONG KONG — Zeekr, Chinese automaker Geely’s upmarket electric car brand, has confidentially filed for a U.S. initial public offering, aiming to raise more than $1 billion, three sources with direct knowledge of the matter told Reuters. In what would be the first major Chinese flotation in the U.S. in more than a year and