Ferrari, Porsche get a big win from EU decision on e-fuels

Chinese brands such as Haval, Chery and Geely now account for almost 40 percent of Russia's new-car sales, up from less than 10 percent in January-February of 2022.

Dacia and MG were big winners in France, where inflation is steering private car buyers toward less expensive models.

Smart dealers will get a fixed 7 percent commission for the new #1, but they will continue to sell the ForTwo city car under traditional retail rules.

Hans Dieter Poetsch, chairman of Porsche SE, says that interest is extremely high from investors for a possible IPO of PowerCo.

The EV losses will mount as the company expects increased profits for its internal combustion and commercial vehicle businesses.

Renault plans to spin off its electric car activities into a listed company to be called Ampere as soon as the end of 2023.

Transport Minister Volker Wissing says Germany needs a backup before agreeing to EU plans.

The EU's plan to end sales of new CO2-emitting cars in 2035 has been halted by Germany’s demands on e-fuels.

Audi's full-electric cars will have even model numbers, while internal-combustion models will have odd numbers, CEO Markus Duesmann said.

VW and Skoda are working on a plan to localize a small electric car in India as part of the wider program within the VW Group to produce an EV that costs less than 20,000 euros.