Europe

Renault CEO Luca de Meo will hold talks with his Nissan counterpart Makoto Uchida over the French automaker’s plan to sell part of its combustion engine business to China’s Geely Automobile Holdings, the Financial Times reported. The plan is opposed by Nissan, which does not want technology that it jointly developed with Renault shared with

MILAN — Automotive Cells Company (ACC) has picked Turin-based Comau to design and develop the battery module production lines for a gigafactory it is building in the French town of Douvrin. ACC, a joint venture of Stellantis, Mercedes-Benz and TotalEnergies, has a plan worth over 7 billion euros ($6.9 billion) to build three gigafactories in

SEOUL — President Joe Biden has expressed willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign makers of electric vehicles, an official from Yoon’s office said on Wednesday. Biden gave the assurance in a letter to South Korean President Yoon Suk-yeol, who had asked the U.S. president

Renault CEO Luca de Meo said the business world was bracing for a possible recession, adding that the automaker is strong enough to be able to weather that “storm.” “The world is now very much afraid of a possible recession in the next few months and it is going to be our next challenge,” he

Demand for electric vehicles helped drive a 4.6 percent rise in Britain’s new-car registrations in September, according to industry data from the Society of Motor Manufacturers and Traders (SMMT). The SMMT said registrations during the month rose to 225,269 units from 215,312 units a year earlier, but still remained 34 percent below pre-pandemic levels. The

PARIS — The Renault 4, a full-electric interpretation of the original iconic model, will debut at the Paris auto show on Oct. 17.  Renault released images of the car’s silhouette and front end on Tuesday. The Renault 4 is expected to be a small crossover or SUV. It will go into production by 2025 as

BERLIN — Volkswagen Group brands have been instructed to prepare for a stock market listing as a training exercise, CEO Oliver Blume told a German business paper. With the advice of a banking team, chief executives and financial officers at each brand are working on sharpening their focus with capital markets in mind, Blume told

Electric automaker Polestar‘s first crossover is on deck with a planned unveiling Oct. 12 in Copenhagen, Denmark. The 2024 Polestar 3, built on a new all-electric platform developed by affiliate Volvo, has dual motors and an expected EPA range of more than 300 miles (480 km). “With this car, we bring the ‘sport’ back to

Zhejiang Geely Holding Group said it had taken a 7.6 percent stake in Aston Martin. The purchase is another move by Li Shufu, Geely’s billionaire owner, to expand his automobile empire. Geely also owns Volvo and Lotus Cars and has a stake in Daimler. “We look forward to exploring potential opportunities to engage and collaborate

After reversing a decision to quit Europe, Mitsubishi Motors now believes it can rebuild its vehicle sales in the region to close to pre-pandemic figures with the help of alliance partner Renault. Mitsubishi targets annual sales of 130,000 in Europe by 2024, the automaker’s European head, Frank Krol told Automotive News Europe, giving the automaker

Former Volvo Cars CEO Hakan Samuelsson said in 2021 that the automaker’s replacement for theXC90 would have a name that deviated from its longtime use of letter and number combinations. “This car will have a name, more like a [newborn] child,” Samuelsson said during a presentation of the company’s EV-centric future on June 30. Last

Porsche Automobil Holding SE won the dismissal of lawsuits from hedge funds seeking about 5.4 billion euros ($5.3 billion) in damages they say they incurred during Porsche’s failed takeover of Volkswagen Group more than a decade ago. Institutional investors and private shareholders had pursued Porsche for compensation for losses they suffered in the trading of

NEW DELHI — A comprehensive trade deal between India and the European Union could pave the way for Mercedes-Benz to produce more cars in the South Asian nation, potentially making it an export hub, Mercedes’ India chief, Martin Schwenk, told Reuters. In June, the EU and India relaunched talks for a free trade agreement with

John Elkann, the scion of Italy’s Agnelli clan, sees potential for a “new Tesla” to emerge from the current wave of energy transition at a time his family’s Exor holding is investing in startups, including some focused on cleaner sources. “There is a lot of excitement in energy transition, and not just for automotive, at

Mercedes-Benz and Volvo Cars are suspending operations at U.S. plants in South Carolina ahead of the arrival of a storm that has already caused massive destruction as well as least seven deaths in Florida. Volvo’s plant, which employs 1,500 people, stopped building the S60 at about 11 a.m. local time (5 p.m. CEST) on Thursday.

Toyota’s global output rose for the first time in five months in August, led by gains in overseas markets — in particular Southeast Asia, where a COVID surge disrupted supply chains a year ago. The automaker made 766,683 vehicles in August, up 44 percent from a year earlier, according to a statement Thursday. Global sales

MILAN — Renault CEO Luca de Meo has resigned as a director at Italy’s biggest phone company, Telecom Italia, to focus on the automaker’s turnaround plan, the telecoms company said. De Meo’s resignation will be effective after Telecom Italia’s board of directors meeting scheduled on Thursday, TIM said, adding the company’s nomination committee will start

MILAN — Renault CEO Luca de Meo has resigned as a director at Italy’s biggest phone company, Telecom Italia, to focus on the automaker’s turnaround plan, the telecoms company said. De Meo’s resignation will be effective after Telecom Italia’s board of directors meeting scheduled on Thursday, TIM said, adding the company’s nomination committee will start