Europe

Volvo Cars says its new EX90 electric flagship SUV will feature a world-first interior radar system designed to ensure that no one is unknowingly left behind in the car. One aim is to stop hot car deaths, which government statistics show have taken the lives of more than 900 children in the U.S. since 1998.

French Finance Minister Bruno Le Maire said the European Union should consider applying electric-vehicle subsidies to cars built in the bloc, after the U.S. limited its support to North American-made vehicles. It may be “time to reserve electric vehicle bonuses either for cars produced on European territory or for vehicles that strictly and rigorously meet

BERLIN — BMW expects to reach the higher end of its 7-9 percent margin target for the cars business and sees slight sales growth in 2023, Chief Financial Officer Nicolas Peter said. Demand was recovering in China in the third quarter after lockdowns plagued the first half, Peter said, describing it as a “roller coaster”

Pendragon has received an unsolicited preliminary proposal from its largest shareholder, Hedin Mobility Group, offering to buy the dealership group for about 406 million pounds ($429.67 million). The cash offer, made on Sept. 21, valued London-listed Pendragon at 29 pence per share, nearly 28 percent higher than the company’s closing price of 22.7 pence on

TOKYO — Mazda is discussing ending production of its vehicles at a joint venture plant in Vladivostok, eastern Russia, the Nikkei newspaper reported. The Japanese automaker sold 30,000 cars in Russia last year. Mazda said in March that exports of parts to the plant were going to end and production would cease when stocks ran

Volkswagen Group could shift production out of Germany and eastern Europe if a shortage of natural gas persists, the latest sign that the energy crisis unleashed by Russia’s invasion of Ukraine threatens to shake up Europe’s industrial landscape. VW said Thursday that moving production was one of the options available for it in the medium-term

PARIS — Renault has offered over 1,000 euros ($977) in one-off payments to a majority of its workers to help them cope with inflation, union sources told Reuters. The sources said the automaker proposed a bundle of exceptional measures to support the purchasing power of its employees in France. The measures will have a combined

Toyota will close its plant in St. Petersburg, Russia, and may sell it, amid shortages of key components and materials following Russia’s invasion of Ukraine. The automaker suspended production at the factory in March following Russia’s invasion of Ukraine. It also stopped vehicle imports into Russia. Toyota said on Friday that over the last six

Mercedes-Benz is stockpiling parts it makes using natural gas in a move to keep production going for several weeks even if Germany introduces drastic fuel rationing. The automaker has produced extra parts made at its foundries in Untertuerkheim, which go into gearboxes, axles and transmission components to build up stockpiles at plants in the U.S.

WASHINGTON — Tesla is recalling nearly 1.1 million vehicles in the U.S. for power-operated windows that may not react correctly after detecting an object, potentially pinching an occupant and increasing the risk of injury. The recall covers certain 2017-22 Model 3, 2020-21 Model Y and 2021-22 Model S and X electric vehicles. The vehicles fail

PARIS — Renault will control 80 percent of its electric vehicle value chain well ahead of its 2030 target as it develops partnerships in batteries, electric motors and power electronics, CEO Luca de Meo said. The CEO said the research and development costs were too high to go it alone and drew parallels with Apple’s

SHANGHAI — Chinese electric-car startup Nio is looking to grab a share of Europe’s growing market for electric vehicles by rolling out a battery leasing and swapping network to cut costs for users, its co-founder, Qin Lihong, told Reuters. Nio plans to build 1,000 battery swapping stations outside China by 2025, most of them in

The biggest all-new product debut for Volvo Cars in half a decade will have standard safety equipment that goes “beyond that of any Volvo before it,” the automaker’s CEO, Jim Rowan, said. The EX90 full-electric premium large SUV will replace the XC90 as Volvo’s flagship. It will have an “invisible shield of safety” that can

PARIS — The ASX, a small SUV based on the Renault Captur and available in full-hybrid and plug-in hybrid versions, will lead Mitsubishi’s European relaunch when it arrives in showrooms in March. Mitsubishi revealed the ASX on Tuesday. The ASX differs from the Captur primarily in its badging. “As an electrified SUV, with a full package

The German supplier Mahle has shaken up its management team, naming Arnd Franz, currently head of parts-maker LKQ Europe, as CEO and promoting Markus Kapaun to CFO from head of finance and accounting Europe, the company said Monday. Franz’s position was most recently held by Matthias Arleth, who was appointed CEO in October 2021 but

BERLIN — Tesla still plans to produce batteries in Germany, but the company is prioritizing the U.S. because of the prospect of tax incentives. Tesla has paused plans for a 50 gigawatt-hour battery factory next to its car assembly plant in Gruenheide, near Berlin, while it looks into tapping into tax credits that will be

BERLIN — Volkswagen Group is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche — below an earlier top-end goal of as much as 85 billion euros, with the deal going ahead at a time of deep market upheaval. VW Group will price preferred shares in the flotation

Volkswagen Group plans to list its Porsche luxury sports-car business on the  stock market listing in late September or early October Here are key facts about the structure of the listing: Share capital Porsche’s share capital is being split in two: 455.5 million ordinary shares and the same number of preferred shares, totalling 911 million