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Hyundai and its suppliers plan to spend $6.7 billion through 2030 to raise production of fuel cells by more than 200-fold as the automaker aims to become a key player in the new-energy vehicle technology.
Kia Europe Chief Operating Officer Emilio Herrera says the transition to EVs creates a two- to three-year “window of opportunity” for the automaker. Herrera discussed Kia’s strategy of accelerated electrification with Automotive News Europe.
Valeo expects mild hybrid cars to make up more than 25 percent of the world car market in 2026, helping to cut CO2 emissions.
Hyundai's market share in Europe climbed above 4 percent in September for the first time despite rivals offering big discounts before the new WLTP testing regime came into effect. Hyundai expects to reach its sales target this year but will not push for volume if the region's incentives war continues, Hyundai Europe Chief Operating Officer Thomas Schmid said.
Aston Martin CEO Andy Palmer aims to make the automaker as consistently profitable as Ferrari, helped by the launch of an SUV and the revival of Lagonda. Palmer spoke with Automotive News Europe about how he plans to achieve this.
Daimler says it will buy battery cells worth more than $23 billion by 2030 as it readies mass production of electrified vehicles, beginning with the EQC SUV next year.
Nissan is trying to block access to homes used by Carlos Ghosn in Beirut and Rio de Janeiro, part of a global network of real estate owned by the automaker and provided to its ousted chairman.
A Tokyo court rejected ousted Nissan Chairman Carlos Ghosn's appeal to end his detention following his arrest last month on allegations of financial misconduct.
BMW has recruited former Audi executive Alejandro Vukotich as the new head of its driver assistance and autonomous driving development department.
Carlos Ghosn and Nissan were indicted in Japan on Monday for understating Ghosn's income by $43 million, as Japanese prosecutors pushed ahead with the criminal investigation that has shaken the global auto industry.
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