March is traditionally a big month for Tesla, which prioritizes quarterly deliveries. Sales, however, fell sharply in key markets last month, while in the markets where Tesla grew it still lost EV market share.
Genesis drew inspiration from the foods and flavors of Europe for two concept cars revealed April 3 at the Seoul Mobility Show.
CEO Olivier Francois expects the Grande Panda to become the Stellantis subsidiary’s bestseller by winning over customers in Europe, South America and Africa.
March was the first month China's Leapmotor, partly owned by Stellantis, became the top-seller among the country's EV startups.
The Croatian supercar maker is said to have made a preliminary offer for Porsche’s 45 percent.
Vehicles and auto parts already subject to a 25 percent auto tariff are exempt from reciprocal levies Trump announced April 2.
On day one of his second term as the automaker’s CEO, Samuelsson’s focus is on increasing Geely synergies and controlling costs.
The layoffs are planned at the automaker’s Pomigliano and Pratola Serra plants.
A 30 percent sales gain for the Tiguan combined with strong demand for the full-electric Renault Scenic E-Tech and Ford Explorer pushed compact SUVs past small SUVs, the longtime leader.
The new Nissan model will appear from 2026 and will share 80 percent of parts with the Renault Twingo, which will sell for less than €20,000.
Sales of battery electric cars fell 26 percent last month to account for 19 percent of total sales.
Samuelsson's auto industry background is in contrast to outgoing CEO Jim Rowan. He not only revitalized the Volvo brand, but also built a U.S. plant during Trump's first term, something that could prove key now in avoiding U.S. tariffs.
Mercedes expects Trump's 25 percent tariff on U.S. auto imports would likely impact its margin by 2.5 percentage points. The U.S. makes up 16 percent of its global sales.
