Mercedes to put emphasis on top-end models in luxury-car profit race

Mercedes is the first publicly announced automotive customer of battery startup Sila Nanotechnologies, founded by an ex-Tesla engineer.

Skoda, which has added a battery pack production line at its Mlada Boleslav plant, also hopes to produce battery cells.

Northvolt says it has secured more than $50 billion in contracts from automakers including BMW, VW, Volvo and Polestar.

The Israeli startup said the plant will initially focus on its P7 electric platform for commercial uses such as delivery vans, buses and recreational vehicles.

CEO Elon Musk has said Tesla could stop taking orders as demand for some of its vehicles exceeds production "to a ridiculous degree."

A hack effective on the popular S and Y Tesla cars would allow a thief to unlock a vehicle, start the motor and drive away, according to Sultan Qasim Khan, principal security consultant at security firm NCC Group.

Renault's Moscow plant will be repurposed to produce Moskvich cars that were last manufactured two decades ago.

The reversal is a victory for suppliers, which have watched their top and bottom lines bleed amid supply chain volatility while automakers haul in profits.

The base in Coventry has a doughnut-shaped design that features a central helicopter-style landing pad surrounded by an outer ring housing check-in facilities, a pre-departure lounge and cafe.

Guido Dumarey, the founder and CEO of the conglomerate Punch International, will be a speaker at this year's Automotive News Europe Congress in Prague.