Automotive Industry

Italy to boost deficit to help car industry and furloughed workers, source says

Automotive Industry - 2020-07-14

Italy is preparing a €20bn ($22...

Read more

Turkish vehicle production fell 29% in first half

Automotive Industry - 2020-07-14

Turkey's vehicle production dropped 29% to 518,727 in the first half, according to a statement by the Automotive Manufacturers Association (OSD) published on Sunday 12 July...

Read more

Audi says will continue to “massively” invest in combustion engines

Automotive Industry - 2020-07-13

German premium carmaker Audi, a VW subsidiary, will continue to invest heavily in the development of combustion engines...

Read more

VW's Seat brand reports $54M loss in Q1; says Q2 will be worse

Automotive Industry - 2020-07-09

Volkswagen Group's Spanish brand, Seat, reported a €48m ($54m) loss in the first quarter of 2020 due to the coronavirus pandemic and said the second quarter will be worse...

Read more

Automakers lament no targeted aid in UK bailout

Automotive Industry - 2020-07-09

The UK's failure to set out specific support for automakers in its £30bn ($37...

Read more

Fiat Chrysler restarts production at Serbia plant

Automotive Industry - 2020-07-08

Fiat Chrysler Automobiles restarted production at its Serbian plant, after halting it in mid-March in response to the coronavirus outbreak, Serbia's state-run Tanjug news agency reported...

Read more

How the EU Green Deal fits in the COVID-19 New Normal

Automotive Industry - 2020-07-07

The European Commission has committed to a bold environmental goal: Create the world’s first climate-neutral continent, with zero greenhouse gas emissions by 2050...

Read more

Italy to introduce scrapping program to boost sales after coronavirus hit

Automotive Industry - 2020-07-06

The Italian Parliament approved a package of incentives to encourage sales of fuel-efficient combustion engine cars as well as electric and hybrid vehicles, two lawmakers told Reuters...

Read more

Daimler seeks to sell Smart factory in France

Automotive Industry - 2020-07-06

Daimler will seek to sell its factory in Hambach, France, as the automaker pursues deeper-than-expected restructuring to overcome the fallout of the coronavirus pandemic...

Read more

German new car registrations hit 30-year low though e-car sales rise

Automotive Industry - 2020-07-06

New car registrations in Germany fell 35% in the first half of 2020 to 1...

Read more

Production for new BMW 4 Series Coupé begins at the company's Dingolfing plant

Automotive Industry - 2020-07-03

No fewer than five new models celebrated their series launch at BMW Group Plant Dingolfing...

Read more

Tesla tops list of most valuable carmakers

Automotive Industry - 2020-07-02

US electric vehicle specialist Tesla overtook Toyota to become the most valuable car company in the world on Wednesday (1 June), but Elon Musk’s firm also scaled back plans at its future Berlin ...

Read more

UK, Japan aim for auto tariffs deal by end of July

Automotive Industry - 2020-07-02

Japan and Britain aim to clinch a trade deal by the end of July and Tokyo wants to secure at least the same automobile tariffs as it has in its existing European Union trade pact, Tokyo's chief ne...

Read more

Daimler CEO warns of 'drastic' pay cuts, deeper restructuring

Automotive Industry - 2020-07-02

Daimler CEO Ola Kallenius said the maker of Mercedes-Benz vehicles and the industry as a whole faces painful cutbacks to overcome the economic fallout of the COVID-19 pandemic...

Read more

Austria increases incentives to buy electric cars

Automotive Industry - 2020-06-30

Austria will boost financial incentives for buying battery-powered cars and bicycles, and triple grants for charging points from July in its efforts to fight global warming...

Read more

The 2021 Geneva Motor Show has been canceled

Automotive Industry - 2020-06-30

The 2021 Geneva Motor Show has been canceled because of the “financial consequences” of this year’s event getting the axe, but also because of concerns about the pace of the COVID-19...

Read more

Transformation continuing apace: Zwickau car factory to produce only electric models in future

Automotive Industry - 2020-06-30

The last model with a combustion engine left the assembly line today at the Zwickau car factory...

Read more

Automakers slip further from compliance with upcoming EU CO2 goals

Automotive Industry - 2020-06-30

Carbon dioxide emissions from new cars in Europe rose for a third year running in 2019, provisional data from the European Union's environment agency (EEA) showed on Friday 26 June, with automaker...

Read more

Bosch CEO says car industry must prevent plug-in “hybridgate” emissions scandal

Automotive Industry - 2020-06-29

German car industry association VDA will launch a working group to look into the sustainability of plug-in hybrid cars because these are often driven in combustion engine mode rather than us...

Read more

French car sales revival takes hold as June sales seen close to normal

Automotive Industry - 2020-06-29

France’s auto industry group is expecting June car sales to approach normal levels in a strong sign government incentives are helping the sector claw back from a deep slump...

Read more