Europe

Maruti Suzuki believes electric vehicles are not the answer to reducing carbon emissions in India, the world’s third-biggest releaser of greenhouse gases, at least not in the immediate future. India’s largest automaker believes that vehicles powered by hybrid technology, natural gas and biofuels present a better path toward a cleaner future than full-electric cars considering

Automotive News Europe honors the winners of the 2022 Rising Stars awards. Through July 13, the 19 winners will be featured. The Rising Star for Cybersecurity is Olivier Doit, who is global chief information security officer at Stellantis. For his full profile click here. The 2022 Rising Stars winners will be honored in Prague at

U.S. sound technology pioneer Dolby and Swedish digital audio specialist Dirac are looking to expand their immersive in-car audio solution to European and North American automakers after winning business with Chinese startup Nio. Dirac vice president Lars Carlsson, who is head of business development automotive, said the company is poised to make business announcements linked

LONDON – Last-mile transportation provider B-On, led by former BMW board member Stefan Krause, plans to build on its acquisition of electric delivery van maker StreetScooter Engineering. Krause told Automotive News Europe his next aims are to add an electric three-wheel van maker and to develop an “urban mobility” passenger vehicle. Krause, who was BMW’s

FRANKFURT — Mercedes-Benz denied a German media report that it was weighing a sale of its vans business as the automaker plans to put more strategic weight on high-end vehicles. The weekly Manager Magazin on Thursday said a possible sale of the vans business – previously seen as unlikely – was being discussed as a

BRUSSELS — Italy, Portugal, Slovakia, Bulgaria and Romania want to delay a European Union plan to effectively ban the sale of new gasoline and diesel cars starting in 2035 by five years, according to a document seen by Reuters. The policy is a key pillar of the EU’s plans to tackle rising transport emissions and

Marelli, the supplier owned by KKR & Co., will enter court-led rehabilitation after failing to complete an alternative dispute resolution process in Japan that lets a company under financial strain continue to operate while renegotiating its debt with creditors. Hiroshi Watanabe, a spokesman for Saitama, Japan-based Marelli, confirmed the outcome after a creditors meeting Friday.

Automotive News Europe honors the winners of the 2022 Rising Stars awards. Through July 13, the 19 winners will be featured. The Rising Star for General Management is Jeroen Decleer, who is senior vice president off-highway drive and motion systems at Dana. For his full profile click here. The 2022 Rising Stars winners will be

Polestar and Gores Guggenheim said Thursday that they had they completed their merger, raising approximately $890 million in gross proceeds for the EV maker. This includes approximately $640 million from Gores Guggenheim, a special purchase acquisition fund (SPAC) with the remaining $250 million coming from top-tier institutional investors, Polestar said in a release. Gores Guggenheim’s listing under

Volkswagen Group is sticking to a plan to list Porsche later this year as Europe’s biggest automaker looks to finance a costly shift toward electric vehicles. VW is going ahead with the initial public offering in the fourth quarter because the unit has proved resilient over the years to market disruptions including the recent supply-chain

BERLIN — The German government is still discussing its voting behaviour on European Union plans to effectively ban the sale of new cars with combustion engines from 2035, a German government spokesperson said. The comments come after Christian Lindner, the country’s finance minister and vice chancellor, said on Tuesday that Europe’s biggest car market would

Automotive News Europe honors the winners of the 2022 Rising Stars awards. Through July 13, the 19 winners will be featured. The Rising Star for Connectivity is Timo Bularczyk, who is head of global IT operation at Mercedes-Benz Mobility. For his full profile click here. The 2022 Rising Stars winners will be honored in Prague

BERLIN — Germany’s government will not agree to European Union plans to effectively ban the sale of new cars with combustion engines from 2035, Finance Minister Christian Lindner said. In its bid to cut planet-warming emissions by 55 percent by 2030 from 1990 levels, the European Commission has proposed a 100 percent reduction in CO2

Automotive News Europe honors the winners of the 2022 Rising Stars awards. Through July 13, the 19 winners will be featured. The Rising Star for Communications is Florian Büngener, who is Hyundai Europe’s head of public relations and communications. For his full profile click here. The 2022 Rising Stars winners will be honored in Prague

Tesla may have to raise wages in Germany if it wants to achieve its goal of hiring thousands of additional workers for its factory near Berlin, according to the country’s leading automotive labor union. IG Metall is getting reports from Tesla staff at the Gruenheide site who are complaining about inadequate or unequal wages, the

Maranello, ITALY — Ferrari has no plans to follow Lamborghini and Porsche, which quickly double their global sales after debuting their first SUVs. “The Purosangue will not account for more than 20 percent of the company’s sales, on average,” Ferrari marketing chief Enrico Galliera said here Thursday as the supercar maker revealed its plans for

Automotive News Europe honors the winners of the 2022 Rising Stars awards. Through July 13, the 19 winners will be featured. The Rising Star for Sales is Florian Aragon, who is Toyota Europe’s sales and aftersales performance director. For his full profile click here. The 2022 Rising Stars winners will be honored in Prague at

The European auto industry has been going though an unprecedented period of changes and challenges in the past three years. One of the top analysts helping investors navigate these choppy waters is Philippe Houchois of Jefferies. After working for an auto supplier in France and Detroit, Houchois became an automotive industry analyst at IHS, moving on