Europe's automakers reaped record profits in 2022

Faurecia said it expects the plant, which will serve clients such as Volvo and Stellantis, to produce more than 2 million vehicles' worth of car seats a year by 2025.

Toyota's agreement with Russia's NAMI includes the transfer of ownership of the land and plant buildings which were used to build the Camry sedan and RAV4 SUV.

AvtoVAZ said it was working to establish new logistics corridors to replace more than 200 car parts that some countries were refusing to export to Russia because of its attack on Ukraine.

European Commission Executive Vice President Margrethe Vestager said that she is optimistic that an electric vehicle battery minerals trade agreement can soon be reached with the U.S. that is similar in substance to Washington's deal this week with Japan.

The company celebrated the milestone with a live-streamed event where it showed off a vehicle body built by a supplier outside its Hanford, California, plant. 

Toyota plans to boost production of the Yaris and Yaris Cross at its Valenciennes factory in France to meet increased demand for small hybrid cars.

Sports-car rivals Ferrari and Porsche support e-fuels as a way to continue sales of combustion models after 2035 in Europe. Lamborghini CEO Stephan Winkelmann is calling for more clarity on regulations. 

The Torres EVX full-electric SUV will launch in Europe this year. SsangYong has changed its name to KG Mobility.

Stellantis has a vision for making big money from vehicle software in the coming decade. But it will do so by offering added features that customers might want for a specific use.

VW received a fine over defeat devices that may have infringed the automaker's right not to be penalized twice for the same offence, an adviser to Europe's top court said.