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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.
VW Group says the MEB platform that will underpin its I.D. EV family will be even more scalable than the MQB architecture used for 80 percent of the automaker’s combustion engine cars, giving the company a decisive edge over rivals when it comes to economies of scale.
Valeo expects mild hybrid cars to make up more than 25 percent of the world car market in 2026, helping to cut CO2 emissions.
Renault's board meets on Thursday as pressure mounts to dismiss Carlos Ghosn as chairman and CEO. Ghosn may not get backing from the French government, the automaker's biggest shareholder, amid demonstrations over President Emmanuel Macron's economic reforms.
Hyundai appointed Albert Biermann, a former BMW executive, as its first foreign head of r&d, raising expectations of a smooth transition of power at the family-run business empire.
European automakers are in pretty good financial shape as sales have rebounded and profits are steady. Yet, in one important measure -- share price -- European automakers are falling flat.
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.
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