Europe

TURIN — Stellantis has halted production at its van factory in Russia because it has run out of parts, the head of the automaker’s European light-commercial vehicle unit, Eric Laforge, told Automotive News Europe. Stellantis said earlier that it was suspending imports and exports of vehicles from Russia, following the invasion of Ukraine in February. The group
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South Korean battery makers could raise prices by 30 percent to 40 percent to offset high commodity costs and they are in talks with electric vehicle makers over new long-term contracts, according to SNE Research. “We had a meeting with Korean cell makers recently that led us to adjust the outlook for prices of electric-car
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American Axle & Manufacturing Holdings is acquiring Tekfor Group in a deal valued at more than $135 million as the U.S. automotive supplier expands its electrification portfolio. American Axle’s purchase of the Hausach, Germany-based company, announced Monday, comes with 2,100 employees across eight plants in Europe and America. The deal is subject to regulatory approvals
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DeLorean Motor said it plans to unveil its new electric DeLorean on Aug. 18 at the Awards Ramp at the Pebble Beach Concours d ‘Elegance. The company this week released a teaser image of the concept car, showing back taillight and left shoulder of the vehicle. The prototype will be revealed three days before moving
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