Automotive Industry

BMW joins Daimler getting boost from speedy auto-sales recovery

Automotive Industry - 2020-10-20

BMW said its auto business generated much more cash than expected in the third quarter, joining rival Daimler in posting surprisingly positive preliminary earnings...

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German Greens plan clear focus on e-mobility to lower transport emissions

Automotive Industry - 2020-10-19

The German Greens propose a transport policy with a clear focus on electric mobility that restricts the use of hydrogen on the road to heavy-duty trucks, reports Daniel Delhaes in business d...

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De Meo to offer 8-year turnaround plan for Renault

Automotive Industry - 2020-10-19

Renault Group will unveil an eight-year plan next year as the automaker contends with a demand slump exacerbated by the coronavirus crisis, CEO Luca de Meo said in an interview with a Spanish newspape...

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PSA to ditch Peugeot 108, Citroen C1, report says

Automotive Industry - 2020-10-16

PSA Group is ending the production of Peugeot and Citroen minicars, three sources told Reuters, withdrawing from an increasingly unprofitable market as it starts a strategic review ahead of its planne...

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BMW To Produce Next Mini Countryman In-House Due To Coronavirus

Automotive Industry - 2020-10-16

Since 2016, the Mini Countryman has been produced at VDL Nedcar plant in the Netherlands...

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Synthetic fuels ready for serial use in passenger cars by 2030 – Porsche CEO

Automotive Industry - 2020-10-16

The serial use of synthetic fuels in passenger vehicles could become a reality in about ten years' time, Porsche CEO Oliver Blume has said...

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Lack of e-car charging price transparency continues to irk German consumer groups

Automotive Industry - 2020-10-16

Prices at electric car charging points in Germany are not transparent and diminish the trust people have in e-mobility, the consumer protection association vzbv has said...

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Germans convinced transport must change but doubt e-cars are the solution - survey

Automotive Industry - 2020-10-15

Most people in Germany regard the mobility sector as a great threat to the country's climate targets and call for measures to reduce the impact of transport on greenhouse gas levels, a&n...

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Volkswagen Group invests in automation for Emden, Hanover and Chattanooga plants

Automotive Industry - 2020-10-15

The Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands are working flat out on the transformation to the e-mobility era and the conversion of plants to e-mobility...

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Europe can win EV sales race if it learns from China, report says

Automotive Industry - 2020-10-14

Sales of electric vehicles in Europe are growing at such a pace that the continent looks increasingly likely to outpace China in the near future...

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Ford delays launch of plug-in Escape after European fires

Automotive Industry - 2020-10-14

Ford Motor is delaying the launch of its plug-in hybrid Escape compact crossover to 2021 after thousands of similar vehicles in Europe were recalled for problems involving fires while rechar...

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Electric cars will treble market share this year as most carmakers on track to meet EU emissions targets - analysis

Automotive Industry - 2020-10-12

Electric cars will treble their market share in Europe this year as a result of EU car CO2 targets, new analysis shows...

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Daimler's labor chief urges European lawmakers to promote EV charging

Automotive Industry - 2020-10-12

European lawmakers should promote electric car charging infrastructure as aggressively as they seek to lower CO2 emissions, Daimler's labor boss, Michael Brecht, said...

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Porsche, Ferrari buyers face $59,000 green tax in France

Automotive Industry - 2020-10-12

A draft budget law weaving its way through France’s parliament may force car shoppers to reconsider purchases of Porsche, Ferrari or Lamborghini models that used a lot of gasoline...

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Daimler works council opposes pure focus on e-mobility

Automotive Industry - 2020-10-09

The Daimler works council has warned the carmaker against focusing solely on electric mobility...

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BMW says Brexit could cost auto industry up to $13bn

Automotive Industry - 2020-10-09

BMW CFO Nicolas Peter on Thursday said Britain's separation from the European Union could cost automakers and suppliers up to $13bn unless cross-border trade remains tariff-free and unbureaucratic...

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VW sees EVs making up 90% of Norway sales in 2021

Automotive Industry - 2020-10-08

Electric cars will likely make up 90% of Volkswagen Group's sales in Norway next year and could completely replace diesel and gasoline engines in the Nordic country by 2023, the automaker's lo...

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Germany's e-car subsidies cause 'economic damage' as pandemic strains budget – researchers

Automotive Industry - 2020-10-07

Support payments for electric mobility are part of "macroeconomically damaging" subsidies in Germany that have a detrimental effect to economic development as a whole, researchers at the Kie...

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CUPRA starts production of the new Formentor

Automotive Industry - 2020-10-07

CUPRA has started production of the new Formentor, the first vehicle designed and developed uniquely for the brand...

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Mercedes maps out push to lift profits during EV shift

Automotive Industry - 2020-10-07

Mercedes-Benz, which has fixated for years on leading the auto industry in luxury-vehicle sales, will rethink its ambitions and restructure operations to be more profitable in the midst of a costly sh...

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