Europe

Electric-vehicle maker Fisker said on Thursday that it does not have a bank guarantee with manufacturing partner Magna Steyr, the Austrian unit of Magna International, in response to a report by short-seller Fuzzy Panda Research. Fisker said it intends “to take immediate and aggressive action to address the false and misleading claims made by Fuzzy
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Robert Bosch said four of its factories in China — three of which make components for vehicles — are operating under closed-loop conditions as the country adheres to its strategy of limiting virus transmission. Auto parts sites in Chongqing, Chengdu and Jinan, plus an industrial technologies plant in Beijing, have entered closed-loop systems, Bosch said,
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Volkswagen Group’s Skoda brand will launch three new electric models by 2026, four years earlier than originally planned, its boss told Handelsblatt business daily. The Czech carmaker will spend the vast majority of its planned investment on these new models, Skoda CEO Klaus Zellmer added. This would bring the proportion of electric models in its
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SHANGHAI — BYD was the top-selling car brand in China in the first four weeks of November, brokerage data showed, outperforming the Volkswagen brand in a reversal that highlights the pressure on legacy brands in the world’s largest auto market. Retail sales for BYD rose by 83 percent to 152,863 vehicles from Nov. 1 to
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Investment in German and EU industrial projects such as battery-cell factories will be unfeasible if the region’s policy makers fail to control ballooning energy prices in the long-term, the head of Volkswagen Group’s namesake brand, Thomas Schäfer, said. “Unless we manage to reduce energy prices in Germany and Europe quickly and reliably, investments in energy-intensive
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A new leather-wrapping solution developed by French supplier Faurecia could allow automakers to make more unique designs in their vehicle interiors and localize more of the production process. Traditionally, wrapping an interior component such as a door panel or center console in leather or another material is a costly, time-consuming process. It’s something that typically
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Jaguar Land Rover is reducing vehicle output in the UK through March, as the automaker prioritizes making higher-margin models because of semiconductor shortages, according to a person familiar with the matter. The money losing automaker, owned by India’s Tata Motors, will cut production of the Range Rover Velar and Jaguar F-Pace models that are made
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The UK is at risk of falling behind in the shift away from the combustion engine toward electric cars and could end up as a minor player in automaking. This week, mostly UK-based electric-van startup Arrival announced its CEO and president were stepping down. Last week, the CEO of Britain’s biggest automaker Jaguar Land Rover,
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BMW is doubling its investment at its Hungarian factory to 2 billion euros ($2.1 billion), adding a high-voltage battery assembly facility that will create more than 500 jobs. Locating the battery assembly at the Debrecen plant will help BMW streamline logistics for production of its next generation electric cars that will use the “Neue Klasse”
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Stellantis said it would reorganize its European dealers’ network in July next year, starting in Austria, Belgium, Luxembourg and the Netherlands. “The rest of Europe will progressively follow in the implementation of the new distribution scheme,” Stellantis said on Thursday. As part of its efforts to cut costs and support investment for electrification, Stellantis last
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Continental has promoted Aruna Anand to CEO of the company’s automotive group sector in North America as it aims to adapt to a changing industry. Anand, 49, takes over for Robert Lee, who left the company in May to be president and chief strategy officer for battery maker LG Energy Solution North America. Effective Dec.
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